Builders Joinery and Carpentry of Wood Market Report 2024

This Builders Joinery and Carpentry Of Wood industry report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The builders joinery and carpentry of wood market size has grown strongly in recent years. It will grow from $68.82 billion in 2023 to $72.56 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth during the historic period can be attributed to several factors such as increasing export promotion and trade agreements, government support for vocational training and apprenticeship programs, tax incentives for sustainable practices, heightened awareness of cultural and architectural heritage preservation, and rising disposable income and homeownership.

The builders joinery and carpentry of wood market size is expected to see strong growth in the next few years. It will grow to $90.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth during the forecast period can be attributed to several factors such as increased funding for research and development, growing green building initiatives, a shift towards luxury features, emerging economies, and rising renovation and remodeling activities in both residential and commercial sectors. Key trends expected in the forecast period include automation in production, the development of bespoke woodwork, integration of smart technology, advancements in wood finishing techniques, and the use of 3D printing in joinery.

The anticipated growth in the builders joinery and carpentry of wood market is driven by the increasing construction activity. This growth is influenced by factors such as climate change, the demand for reduced material usage, concerns about water supply, and a rising population. Builders joinery and carpentry of wood play a crucial role in construction by creating and installing both structural and decorative wooden elements, ensuring functionality and aesthetic appeal in buildings. For example, in August 2024, the US Census Bureau, a US-based government agency, reported that the value of construction operations in June 2024 was approximately $2.14 trillion, marking a 6.2% increase from the June 2023 estimate of $2.02 trillion. Thus, the growing construction activity is fueling the growth of the builders joinery and carpentry of wood market.

Leading companies in the builders joinery and carpentry of wood market are focusing on developing innovative products, such as cordless, battery-operated planers. These tools provide finish carpenters and remodelers with a lightweight, compact, and powerful option that enhances productivity and precision in woodworking tasks. Cordless, battery-operated planers are portable tools used to smooth and level wooden surfaces without requiring a power outlet, making them ideal for on-site construction and carpentry projects. For instance, in January 2023, Milwaukee Tool, a US-based company specializing in portable electric power tools and accessories, launched the M12 Brushless 2 Planer as part of their M12 System. This planer is designed for finish carpenters and remodelers, offering the power to plane and scribe both soft and hard wood. It features a compact design, a 2-inch wide shoe for common applications such as scribing and planing doors, and can remove up to 5/64" in a single pass, ensuring a smooth surface finish. With 21 depth settings, it allows for precise cuts, making it effective for various woodworking tasks.

In March 2024, MITER Brands, a US-based residential window and door manufacturer, acquired PGT Innovations Inc. for $3.1 billion. This acquisition combines two major players in the window and door manufacturing sector, enhancing their capabilities and expanding their market presence. PGT Innovations Inc. is a US-based manufacturer of residential and commercial wooden carpentry products.

Major companies operating in the builders joinery and carpentry of wood market are Georgia-Pacific LLC, UPM-Kymmene Corporation, Stora Enso Oyj, Assa Abloy AB, Sumitomo Forestry Co. Ltd, Weyerhaeuser Inc, Pfleiderer Leutkirch GmbH, JELD-WEN Holding Inc, VELUX Group, Andersen Corporation, Masonite International Corporation, Metsa Group, Pella Corporation, Simpson Strong Tie Co Inc, Alside Ltd, SIA BYKO-LAT, Huber Engineered Woods LLC, Stairways Midlands Ltd, Ante-holz GmbH, Medina Joinery Ltd, Meer End Staircases & Joinery, S&A Carpentry, Woodfellas Carpentry & Joinery Ltd.

North America was the largest region in the builders joinery and carpentry of wood market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the builders joinery and carpentry of wood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the builders joinery and carpentry of wood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Builders joinery and carpentry of wood involve the creation of wooden components used in construction and interior design. These components are often pre-fabricated or custom-made to ensure a precise fit and enhance the aesthetic appeal of building projects. They are essential for both the structural integrity and visual design of residential and commercial spaces.

The primary product types in builders joinery and carpentry of wood include doors, windows, staircases and railings, cabinets and cupboards, flooring, and other elements. Doors are used to provide access between different areas in both residential and commercial buildings, encompassing both interior and exterior doors. These wooden elements are further categorized by material type, such as solid wood, engineered wood, softwood, hardwood, plywood, particleboard, medium-density fiberboard (MDF), and others. Applications for builders joinery and carpentry of wood span residential construction, commercial construction, industrial construction, renovation and remodeling, and other uses.

The builders joinery and carpentry of wood market research report is one of a series of new reports that provides builders joinery and carpentry of wood market statistics, including builders joinery and carpentry of wood industry global market size, regional shares, competitors with a builders joinery and carpentry of wood market share, detailed builders joinery and carpentry of wood market segments, market trends and opportunities, and any further data you may need to thrive in the builders joinery and carpentry of wood industry. This builders joinery and carpentry of wood market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The builders joinery and carpentry of wood market consists of sales of wooden moldings, timber roof trusses, decorative wood paneling, and wooden fencing and gates. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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