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Millwork in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Millwork Market Research Report | NAICS 32191 | Aug 2015

Open doors: Rising disposable income will support remodeling activity, boosting the industry

IBISWorld’s Millwork market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 10-15
5.3%
Annual Growth 15-20
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Profit
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Employment
104,757
Businesses
3,169
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. However, the industry's wooden products will continue to compete with lower-cost substitute materials, such as aluminum and vinyl... purchase to read more

Industry Report - Industry Investment Chapter

The Millwork industry has a low level of capital intensity. In 2015, for every dollar spent on labor, the industry will invest an estimated $0.11 on capital, a slight decrease from $0.12 in 2010. Over the past five years, depreciation costs have decreased from 2.3% of revenue in 2010 to 1.9% in 2015 as millwork producers are in fewer numbers than in 2010. Capital investment occurs through computer systems, distribution trucks, woodworking machinery, small power tools and hand tools. For individual producers, these expenses are likely to have stayed the same or increased during the past five years due to rising prices... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Millwork Industry?

This industry manufactures hardwood and softwood cut stock and dimension stock (lumber and worked wood products cut or shaped into specific sizes); wood windows and doors; and other millwork including wood flooring. The reshaped wood products are sold mainly to housing and other building construction industries and their contractors, in addition to other wood product distributors.

Industry Products
Wood windows and doorsCut stock, resawed lumber and planed lumberFlooring and other millwork products
 
Industry Activities
Wooden windowWooden door Wooden floor Specialized lumber cutting and shaping


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