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 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
Annual Growth 10-15
Annual Growth 15-20
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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 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 5.0% 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 stagnant, declining slightly at an average annual rate of 1.7% to 3,031 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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