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Wood Framing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Wood Framing Market Research Report | NAICS 23813 | Nov 2016

Holding up: The industry will grow as construction markets regain their prerecessionary strength

IBISWorld’s Wood Framing 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
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 11-16
8.1%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
144,468
Businesses
81,249
Industry Threats & Opportunities
  • Growth will continue to slow the further one moves away from the recovery period
  • Tight credit and a surplus of existing homes have constrained growth in the number of housing starts
  • Falling unemployment will enable stability and organic growth in the residential construction market
  • ... purchase to read more

Industry Analysis & Industry Trends

Wood Framing industry revenue is expected to grow strongly over the next five years as construction markets regain their prerecessionary strength. This resurgence will be fueled by a falling unemployment rate and increased demand for housing. Growth will occur in the residential market but will be most noticeable in the nonresidential construction market, which did poorly in the five years to 2014. Over this same period, industry inputs are expected to stabilize, resulting in wider profit margins and more new entrants... ... purchase to read more

Industry Report - Industry Analysis Chapter

Wood framing services cover a range of different construction tasks, including platform and balloon framing, foundation laying, truss-framing and plank and beam construction. These tasks are predominantly performed in the construction of residential buildings in the United States and increasingly in the construction of nonresidential properties. Demand for these services was elevated to new highs in the mid-2000s as weak lending standards, low interest rates and unrestrained optimism regarding housing prices resulted in the historically high demand for new homes. Beginning in 2006, the collapse of the housing market and subsequent economic recession severely crippled the residential construction market, which is a large source of demand for wood framing.

.. ... purchase to read more

Additional Insights for the Wood Framing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wood Framing Industry are

  • Having a good reputation
  • Ability to compete on tender
  • Having a high profile in the market
  • IBISWorld analysts also discuss how external factors such as Housing starts and Value of private nonresidential construction in the Wood Framing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Wood Framing Industry?

    This industry comprises establishments engaged in platform and balloon framing, fastenings, foundation laying, truss-framed and plank and beam construction, using wood-based products. Contracted work typically includes new construction, alterations, maintenance and repairs and additions. This industry excludes finish carpentry and framing using steel, precast concrete or nonwood products.

    Industry Products
    Floor framingStructural wall framingNonstructural wall framingRoof framingStair framingFront porch framing
     
    Industry Activities
    Constructing and installing balloon framesConstructing and installing platform framesConstructing and installing truss framesConstructing and installing roof and ceiling framesConstructing and installing plank and beam framesConstructing and installing floor framingConstructing and installing exterior and interior wall framesFireproofing concealed spaces in wood framingInstalling footings to support foundations


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Housing starts
  • Value of private nonresidential construction
  • Value of residential construction
  • year conventional mortgage rate
  • Price of sawmill lumber
  • Current Performance
  • Revival of residential construction activity
  • Input prices and profitability
  • Chart: Revenue Growth
  • Industry Outlook
  • Housing expectations
  • Moderate nonresidential construction
  • High profit margins
  • Table: Wood Framing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wood Framing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Home Builders
  • Apartment & Condominium Construction
  • Commercial Building Construction
  • Municipal Building Construction
  • Key Selling Industries
  • Finance and Insurance
  • Heavy Equipment Rental
  • Industrial Machinery & Equipment Wholesaling
  • Lumber Wholesaling
  • Products & Services
  • Structural wall framing
  • Front porch framing
  • Roof framing
  • Floor framing
  • Nonstructural wall framing
  • Stair framing
  • Chart: Wood Framing Industry Products and Services Segmentation
  • Demand Determinants
  • Demand from the residential building market
  • Substitute products
  • Major Markets
  • Single-family houses, detached
  • Multi-family units
  • All other buildings
  • Single-family houses, attached
  • Stores, restaurants and other commercial buildings
  • Educational buildings
  • Office buildings
  • Farm buildings
  • Chart: Major Market Segmentation for the Wood Framing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Wood Framing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wood Framing Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Framing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Wood Framing Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Housing starts (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Center
  • refers to the space between two vertical beams
  • Joist
  • A horizontal support that runs between foundations, beams, floors and walls.
  • Top Plate
  • a horizontal unit connecting vertical beams on the top
  • Trusse
  • Structure with five or more triangle-shaped wooden pieces that bear weight.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wood Framing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wood Framing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wood Framing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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