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2025 U.S. Industry Statistics & Market Forecast - Custom Architectural Woodwork and Millwork Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Custom Architectural Woodwork and Millwork Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Custom Architectural Woodwork and Millwork Manufacturing industry include:- Increasing customization demands
- Sustainability and eco-friendly materials shift
- Technological advancements in production processes
- Skilled labor shortage
- Growing competition from low-cost imports
- Implementation of CNC and automation technologies
- Stricter regulations on material sourcing and safety
- Adaptation to new design software
- Rising costs of raw materials
- Increasing integration of reclaimed wood materials
- Expansion of service offerings, including installation
- Growth in residential and commercial construction markets
- Increased focus on local and artisanal production methods
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Custom Architectural Woodwork and Millwork Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Custom Architectural Woodwork and Millwork Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Custom Architectural Woodwork and Millwork Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 61% | |||
| Assemblers and Fabricators | 13% | |||
| Miscellaneous Assemblers and Fabricators | 12% | |||
| Textile, Apparel, and Furnishings Workers | 7% | |||
| Woodworkers | 26% | |||
| Cabinetmakers and Bench Carpenters | 18% | |||
| Cabinetmakers and Bench Carpenters | 18% | |||
| Other Production Occupations | 8% | |||
| Transportation and Material Moving Occupations | 8% | |||
| Material Moving Workers | 6% | |||
Custom Architectural Woodwork and Millwork Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Custom Architectural Woodwork and Millwork Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Custom Architectural Woodwork and Millwork Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Custom Architectural Woodwork and Millwork Manufacturing industry. |
Source:
Latest Industry News
- Gaithersburg Cabinetry & Millwork invests $320,000 to expand production line - Gaithersburg Cabinetry & Millwork, a specialized architectural millwork manufacturer for high-end commercial interiors, plans to invest $320,000 to expand a production line in Fauquier County, Virginia. (07/02/2025)
- U.S. Millwork Industry Set for 5.1% CAGR Through 2032 Amid Rising Residential and Commercial Demand - According to the latest market research study published by P&S Intelligence, the U.S. millwork market, valued at USD?12.5?billion in 2024, is project (07/02/2025)
- Global Polymer Revolutionizes Polymer Manufacturing with Proprietary Custom-Molding Technology for UHMW-PE - Eagle-Tribune - MADISON, SD / ACCESS Newswire / June 19, 2025 / Global Polymer, a leading innovator in polymer manufacturing, has unveiled a proprietary new method for custom-molding Ultra High Molecular Weight (06/19/2025)
- European natural fibers emerge in bio-based architectural projects - The Alliance for European Flax Linen and Hemp highlights several projects in which flax and hemp fibers are being used. (05/22/2025)
- Architectural woodwork, retail fixture firms press forward - Like last year, more than 50 architectural woodwork/millwork, retail fixture ... participated in a two-part tariff process based on our manufacturing locations. At present, only the basic tariffs ... (05/07/2025)
- LBM 100: Dealers expect growth in 2025 and beyond despite market uncertainties - bringing custom cabinetry/millwork manufacturing capabilities in-house. These acquisitions broadened Zuern’s market presence and diversified its expertise, adding new product lines and services while solidifying its position as a leading building ... (05/07/2025)
- Spectrum Woodworking - Amid the rapid advances in technology that propel the construction industry forward, Spectrum Woodworking‘s dedication to one ... Sharp started the company in 1988 and his 45 employees provide millwork, finishing and other signature touches requested ... (05/01/2025)
- Microvellum to demo design-to-manufacturing platform at Closets Expo - Microvellum provides the tools needed for 2D drafting, 3D modeling, cut lists, reporting, part optimization, and CNC code generation — all within a single system – for making custom cabinets, closets, (04/27/2025)
- Historic Garden Week shows history, beauty of Hampton Roads, Eastern Shore with rare tours - Some homes date to the 1600s; others are far more recent. Ancient trees, modern conservation techniques, and acres of flowers abound. Tours start Saturday, and some require advance tickets. (04/22/2025)
- Investment firm, millwork company partner to 'boost Canadian homebuilding' - KV Capital Inc. announced a new partnership with Benson Cabinetry and Millwork Ltd., a Saanichton, British Columbia-based maker and supplier of custom millwork and cabinetry for Canadian housing developments. (04/22/2025)
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