The contribution of manufacturing to the US GDP is projected to steadily decline from 2024 to 2028, starting at 10.8% in 2024 and decreasing to 10.33% by 2028. In 2023, manufacturing's share of GDP was slightly higher at 11.1%. The projected year-on-year decline averages approximately 1.05%. Over a five-year period, the compound annual growth rate (CAGR) indicates a declining trend that underscores potential challenges in the manufacturing sector.

Future trends to watch for include:

Technological advancements and automation might influence productivity and efficiency.
Global trade dynamics and supply chain adjustments may impact production levels.
Shifts towards sustainable and green manufacturing processes could evolve.
Policy changes and economic recovery strategies following pandemics or recessions could alter growth trajectories.