Industry Analysis & Industry Trends
The Millwork industry has experienced challenging conditions in the past, due to a volatile housing market; however, recent market trends in construction have boosted revenue and brought new businesses to the industry over the five years to 2015. In the coming years, the residential construction market is expected to accelerate and push demand for the industry's products as rising disposable income will support investment in high-quality remodeling activity from consumers... purchase to read more
Industry Report - Starting a New Business Chapter
Depending on the market an operator competes within, there can be high or low barriers to entry for a prospective Millwork industry player. Manufacturers looking to compete within national markets will have high start-up costs for machinery and employees in order to keep up with production, while small companies may operate only within local markets or provide custom products that do not need large facilities or staff for their level of production. Transportation and shipping costs are also high for millwork products which are usually large and heavy.
Many industry players operate their business through contracts with retailers and wholesale distributors, or have a loyal customer base that will provide multi-year relationships... purchase to read more