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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

The Millwork market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities

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. Cos.. ... purchase to read more

Additional Insights for the Millwork Industry

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

  • Access to highly skilled workforce
  • Having contacts within key markets
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Housing starts and Homeownership rate in the Millwork industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    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
  • Homeownership rate
  • Per capita disposable income
  • Value of private nonresidential construction
  • Price of sawmill lumber
  • Value of residential construction
  • Current Performance
  • Construction trends
  • Competition from substitutes
  • Profit and participation
  • International trade
  • Chart: Revenue Growth
  • Industry Outlook
  • International trade
  • Growing profitability
  • Table: Millwork Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Millwork Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Lumber Wholesaling
  • Home Improvement Stores
  • Hardware Stores
  • Lumber & Building Material Stores
  • Commercial Building Construction
  • Municipal Building Construction
  • Key Selling Industries
  • Electric Power Transmission
  • Sawmills & Wood Production
  • Wood Paneling Manufacturing
  • Products & Services
  • Wood windows and doors
  • Cut stock, resawed lumber and planed lumber
  • Flooring and other millwork products
  • Chart: Millwork Industry Products and Services Segmentation
  • Demand Determinants
  • Residential construction
  • Nonresidential construction
  • Consumer preferences
  • Major Markets
  • Wholesalers
  • Retailers
  • Contractors
  • Exports
  • Chart: Major Market Segmentation for the Millwork Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Millwork
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Millwork Industry
  • Industry Globalization
    Major Companies
    Jeld-Wen Inc.
    Andersen Corp.
  • Table: Jeld-Wen Inc. - financial performance
  • Table: Andersen Corp. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Millwork 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 Millwork Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (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
    Cut Stock
  • Wood products cut or shaped to specific sizes.
  • Dimension Stock
  • Hardwood lumber that has been manufactured to specific dimensions for a particular user.
  • Hardwood
  • Wood from broadleaved trees that is used for construction, flooring and furniture.
  • Millwork
  • Woodwork products, such as doors, doorframes, window casings and floorboards.
  • Softwood
  • Wood from coniferous trees that is resistant to water and used for millwork, building components and furniture.

  • 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 Millwork:
    • 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 Millwork 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 Millwork, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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