Millwork - Market Size, Financial Statistics, Industry Trends
Industry Overview
This industry comprises establishments primarily engaged in manufacturing hardwood and softwood cut stock and dimension stock (i.e., shapes); wood windows and wood doors; and other millwork including wood flooring. Dimension stock or cut stock is defined as lumber and worked wood products cut or shaped to specialized sizes. These establishments generally use woodworking machinery, such as jointers, planers, lathes, and routers to shape wood. Cross-References. Establishments primarily engaged in--Source: U.S. Census Bureau
Millwork Market Size
This report includes historical and forecasted market sizes and industry trends for Millwork. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Millwork industry.| Historical | Forecasted | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
| Market Size (Total Revenue) | Included in Report |
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| % Growth Rate | |||||||||||
| Number of Companies | |||||||||||
| Total Employees | |||||||||||
| Average Revenue per Company | |||||||||||
| Average Employees per Company | |||||||||||
Industry Revenue ($ Billions)
Industry Forecast ($ Billions)
Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Millwork industry.
Geographic Breakdown by U.S. State
Millwork market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Millwork companies in the United States.Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Millwork |
|---|---|---|
| Small Business (< 5 Employees) | Included |
|
| Small Business (5 - 20) | ||
| Midsized Business (20 - 100) | ||
| Large Business (100 - 500) | ||
| Enterprise (> 500) | ||
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" Millwork company (both public and private companies are included).
| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | Included |
|
| Operating Revenue | ||
| Cost of Goods Sold (COGS) | ||
| Gross Profit | ||
| Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| Earnings Before Interest and Taxes (EBIT) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.| Financial Ratio | Industry Average |
|---|---|
| Profitability Ratios | Included |
| Profit Margin | |
| ROE | |
| ROA | |
| Liquidity Ratios | |
| Current Ratio | |
| Quick Ratio | |
| Activity Ratios | |
| Average Collection Period | |
| Asset Turnover Ratio | |
| Receivables Turnover Ratio | |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Millwork industry accounting for the largest revenue sources.| Product Description | Description | Revenue ($ Millions) |
|
|---|---|---|---|
Wood window and door manufacturing |
Included |
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Wood window units |
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Wood window units, double hung |
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Wood window units, double hung, cladded |
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Wood window units, double hung, other types |
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Wood window units, casement |
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Wood window units, casement, cladded |
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Wood window units, casement, other types |
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Wood window units, other types |
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Wood window units, horizontal sliding, cladded |
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Compensation and Salary Surveys
Salary information for employees working in the Millwork industry.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% |
Included |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 8% | |||
| Construction and Extraction Occupations | 7% | |||
| Construction Trades Workers | 6% | |||
| Production Occupations | 58% | |||
| Assemblers and Fabricators | 17% | |||
| Miscellaneous Assemblers and Fabricators | 17% | |||
| Assemblers and Fabricators, All Other, Including Team Assemblers | 17% | |||
| Woodworkers | 28% | |||
| Woodworking Machine Setters, Operators, and Tenders | 22% | |||
| Sawing Machine Setters, Operators, and Tenders, Wood | 6% | |||
| Woodworking Machine Setters, Operators, and Tenders, Except Sawing | 16% | |||
| Other Production Occupations | 8% | |||
| Transportation and Material Moving Occupations | 13% | |||
| Material Moving Workers | 10% | |||
| Laborers and Material Movers, Hand | 7% | |||
Government Contracts
The federal government spent an annual total of $5,319,634 on the Millwork industry. It has awarded 328 contracts to 110 companies, with an average value of $48,360 per company.Top Companies in Millwork and Adjacent Industries
| Company | Address | Revenue ($ Millions) |
|---|---|---|
Included |
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