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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 | May 2016

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
Revenue
$27bn
Annual Growth 11-16
7.2%
Annual Growth 16-21
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Profit
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Employment
108,346
Businesses
3,180
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 Key Buyers Chapter

The Millwork industry has a low level of market share concentration, with the top four companies estimated to account for about 20.5% of the industry's revenue in 2016. Composed of primarily small and medium sized companies, the industry remains fragmented despite recent consolidation and companies leaving the industry. The industry began from localized operations near heavily forested regions of the United States, limited by transportation abilities, and grew as manufacturing and transportation capabilities advanced with technology, and a number of companies could expand to become leaders of the industry... 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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