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 2016. 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 Locations Chapter
The Millwork industry has a similar geographic distribution to other wood manufacturing industries. The majority of industry establishments are located in the Southeast, West, Great Lakes and Mid-Atlantic regions. Industry operators typically choose to locate near upstream industries, such as sawmills and wood paneling manufacturers, to keep transportation costs down. In addition, millwork companies locate near major consumer markets because the majority of products are purchased for the residential construction market.
The Southeast is responsible for more than one-quarter of the industry's millwork production. In 2016, the Southeast region accounts for 27.4% of manufacturing facilities... purchase to read more