Market Size – 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 in the historic period can be attributed to increasing export promotion and trade agreements, government support for vocational training and apprenticeship programs, tax incentives for sustainable practices, 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 in the forecast period can be attributed to increasing research and development funding, increasing green building initiatives, moving attention towards luxury, emerging economies, and rising renovation and re-modeling activities in the residential and commercial sectors. Major trends in the forecast period include automation in production, the development of bespoke woodwork, smart technology integration, the development of advanced wood finishing techniques, and the integration of 3D printing in joinery.
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Scope Of Builders Joinery And Carpentry Of Wood MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Builders Joinery And Carpentry Of Wood Market Overview
Market Drivers -The increasing construction activity is expected to propel the growth of the builders joinery and carpentry of wood market going forward. The growth of construction activities is influenced by climate change, the demand for reduced material usage, concerns about water supply, and an increasing population. Builders’ joinery and carpentry of wood are essential in construction for creating and installing structural and decorative wooden elements, ensuring both functionality and aesthetic appeal in buildings. For instance, in August 2024, according to the US Census Bureau, a US-based government agency, the value of construction operations in June 2024 was approximately $2,148.4 billion, reflecting a 6.2% increase compared to the June 2023 estimate of $2,023.0 billion. Therefore, the increasing construction activity is driving the growth of the builders joinery and carpentry of wood market.
Market Trends – Major companies operating in the builders joinery and carpentry of wood market are focusing on developing innovative products such as cordless, battery-operated planers to provide finish carpenters and remodelers with a lightweight, compact, and powerful tool that enhances productivity and precision in woodworking tasks. Cordless, battery-operated planers are portable woodworking tools used to smooth and level wooden surfaces without the need for a power outlet, making them ideal for on-site construction and carpentry projects. For instance, in January 2023, Milwaukee Tool, a US-based portable electric power tools and accessories company, launched the M12 Brushless 2 Planer as part of their M12 System. This planer is suitable for finish carpenters and remodelers, providing the power to plane and scribe both soft and hard wood. The tool features a compact design, a 2 wide shoe for common applications like 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 an effective tool for various woodworking tasks.
The builders joinery and carpentry of wood market covered in this report is segmented –
1) By Product Type: Doors, Windows, Staircases And Railings, Cabinets And Cupboards, Flooring, Other Components
2) By Material Type: Solid Wood, Engineered Wood, Softwood, Hardwood, Plywood, Particleboard, Medium-Density Fiberboard (MDF), Other Material Types
3) By End-Use Application: Residential Construction, Commercial Construction, Industrial Construction, Renovation And Remodeling, Others End-Use Applications
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Regional Insights – 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.
Key Companies – Major companies in the 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
Table of Contents 1. Executive Summary2. Builders Joinery And Carpentry Of Wood Market Report Structure3. Builders Joinery And Carpentry Of Wood Market Trends And Strategies4. Builders Joinery And Carpentry Of Wood Market – Macro Economic Scenario5. Builders Joinery And Carpentry Of Wood Market Size And Growth…..27. Builders Joinery And Carpentry Of Wood Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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