The US furniture manufacturing sector is projected to see a decline in employee hours, moving from 728 million hours in 2024 to 626 million hours by 2028. The year-on-year percentage change indicates a decrease, with notable reductions of 3.57% from 2025 to 2026 and 3.84% from 2027 to 2028. Compared to 2023, employee hours have fallen, reflecting a long-term contraction trend. The compound annual growth rate (CAGR) from 2024 to 2028 forecasts an average annual decrease of -3.72%.
Future trends to watch for include:
- Automation and technology advancements potentially accelerating decline in labor demand.
- Shifts in consumer preferences impacting types of furniture manufactured.
- Economic factors such as housing market trends influencing production volume.
- Trade policies and international competition affecting domestic manufacturing capacities.
