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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 | Jan 2015

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

The Millwork market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 10-15
4.6%
Annual Growth 15-20
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Profit
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Employment
106,950
Businesses
3,608
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 - Industry SWOT Analysis Chapter

The Millwork industry is in its mature phase. The industry's value added, which measures the industry's contribution to the domestic economy, is expected to increase at an average annual rate of 4.4% from 2010 to 2020. Meanwhile, GDP is forecast to rise at a lower annualized rate of 2.5% during the same period. While this indicates the industry is growing, the growth is largely accelerated due to recovery, rather than organic growth in terms of new players and innovation among products.

In the 10 years to 2020, the number of companies operating in the Millwork industry is forecast to remain relatively stable, rising only slightly at an average annual rate of 0.1% to 3,610 companies... 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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