By 2024, the forecasted import value of base metal fittings for furniture, doors, and cars stands at $8.92 billion, up from $7.8 billion in 2023. A steady upward trend is projected with a year-on-year increase of approximately 2.75%-3% annually, reaching $9.87 billion by 2028. The compound annual growth rate (CAGR) for 2024-2028 is around 2.6%.
Future trends to watch:
- Potential impact of US economic growth and consumer spending on automotive and furniture industries.
- Trade policies and tariffs affecting import patterns.
- Technological advancements in manufacturing materials influencing demand for innovative fittings.
