The forecast for the US furniture manufacturing output shows a consistent upward trend from $83.04 billion in 2024 to $87.52 billion in 2028. Compared to its 2023 value of $82.15 billion, the sector exhibits year-on-year growth rates of 1.35% in 2024, 1.37% in 2025, 1.33% in 2026, 1.32% in 2027, and 1.27% in 2028. This steady increase results in a compound annual growth rate (CAGR) of 1.33% over the five-year period from 2024 to 2028.
Looking ahead, key trends to watch include the impact of increased raw material costs, shifts in consumer preferences towards sustainable and multi-functional furniture, and advancements in manufacturing technologies such as automation and AI. These factors could either drive further growth or present challenges that need to be strategically managed.
