Millwork in the US - Industry Market Research Report

Out of frame: Construction companies will favor substitute wood products, hurting industry demand

The Millwork industry manufactures wood-based architectural products, including doors, windows and flooring. These reshaped wood products are key components of construction projects. As general construction activity increases, so will demand for millwork. Nearly 90.0% of millwork products are used in residential construction, split evenly between new housing construction and renovations. Additionally, while competition from steel, aluminum, vinyl and other materials is strong for nonresidential construction, sales to this sector still account for an estimated one-tenth of industry revenue. 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. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.