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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 | Jun 2014

Open doors: Renewed home building and buying will support millwork recovery

IBISWorld’s Millwork market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 09-14
7.8%
Annual Growth 14-19
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Profit
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Employment
121,865
Businesses
3,778
Industry Analysis & Industry Trends

A recovery in the construction sector will drive industry revenue growth in the next five years. After a contraction in construction activity in the two years to 2011, operators will benefit from improved residential construction, which will return to more cyclical growth. Furthermore, pent-up demand from first-time home buyers and more favorable economic conditions will breathe life into the industry. Competition from substitute materials like vinyl, however, is a growing concern for millwork manufacturers... 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 4.5%. Meanwhile, GDP is forecast to rise at an annualized rate of 2.7% during the same period.

In the 10 years to 2019, the number of companies operating in the Millwork industry is forecast to remain relatively stable, growing only marginally at an average annual rate of 0.8% to 3,939 firms. Moreover, mergers and acquisitions have increased in the industry, serving as another key indicator of the industry's mature life cycle stage.

The industry has been challenged by the greater use of substitute products for doors and window frames... 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 products
 
Industry Activities
Wooden windowWooden door Wooden floor Specialized lumber cutting and shaping


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