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 during the recession, 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 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 2014, the Southeast region accounts for 27.7% of manufacturing facilities... purchase to read more