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2025 U.S. Industry Statistics & Market Forecast - Millwork (including Flooring)
Market Size & Industry Statistics
The total U.S. industry market size for Millwork (including Flooring):
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 Millwork (including Flooring) industry include:- Increased focus on sustainability and eco-friendly materials
- Shift towards technology and automation in production processes
- Growing preference for customized and bespoke products
- Expansion of e-commerce platforms and online sales channels
- Rising demand for energy-efficient and green building practices
- Impact of global supply chain disruptions on raw material availability
- Enhanced use of reclaimed wood and recycled materials
- Adoption of advanced materials and finishes for durability
- Surge in home renovation and DIY projects post-COVID-19
- Influence of minimalist and modern aesthetic trends on product designs
- Increased regulatory compliance and safety standards in manufacturing
- Growing consumer interest in luxury and high-end millwork features
- Emphasis on local sourcing and production to reduce carbon footprint
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 Millwork (including Flooring) 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 Millwork (including Flooring) industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| 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). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Millwork (including Flooring) 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 | 4% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 7% | |||
| Construction and Extraction Occupations | 7% | |||
| Construction Trades Workers | 7% | |||
| Production Occupations | 52% | |||
| Assemblers and Fabricators | 20% | |||
| Miscellaneous Assemblers and Fabricators | 20% | |||
| Woodworkers | 21% | |||
| Woodworking Machine Setters, Operators, and Tenders | 16% | |||
| Sawing Machine Setters, Operators, and Tenders, Wood | 5% | |||
| Woodworking Machine Setters, Operators, and Tenders, Except Sawing | 11% | |||
| Other Production Occupations | 6% | |||
| Transportation and Material Moving Occupations | 16% | |||
| Material Moving Workers | 13% | |||
| Laborers and Material Movers | 8% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Millwork (including Flooring) Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Millwork (including Flooring) 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 Millwork (including Flooring) 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 Millwork (including Flooring) industry. |
Source:
Latest Industry News
- Jefferson Parish unveils new Design District hub - Jefferson Parish launches a new Design District in Old Jefferson, offering tax breaks and loans to attract creative businesses and growth. (07/08/2025)
- On the Market: Historic New Orleans properties near Soniat House hit the market - Several historic French Quarter homes, including Ken Fulk’s mansion, are listed for sale with options for redevelopment or hospitality. (07/03/2025)
- $450,000 ADU in Venice offers rooftop deck, office and the comforts of a bigger house - A two-story ADU with movie theater touches in the garage, a rooftop deck and whimsical decor in the living space offers new opportunities for fun-loving Venice family. (07/02/2025)
- Family bought stunning Victorian house for $305K and were shocked by what they found — because it’s a former funeral home - Ashley Berken and her wife were on the house hunt in October when they discovered a 145-year-old Victorian home within their budget, the 39-year-old told Newsweek. They couldn’t believe their luck — the Wisconsin home offered enough space for their four children, two home offices and a whole lot of Old World character — all for $305,000. (07/01/2025)
- Chip and Joanna-Approved! Magnolia Network Designer Turns 'Collapsing' Hudson Valley Home Into Stunning $685K Retreat - Home flipper Christina Salway has put one of her latest projects on the market for $685,000—more than three times what she paid for it. (07/01/2025)
- Property of the week: Historic CT mansion with pool and tennis court - The property has an in-ground pool suitable for a European villa, a cabana with a full kitchen and a bathroom, there is a lighted tennis court, a greenhouse-yoga studio, four car garage, and a (06/29/2025)
- Jaw-Dropping $460K Tahitian-Style Dwelling That Was Featured on HGTV's 'Extreme Homes' Makes Bold Move Onto the Market - The imposing property in Enid, OK, was inspired by Frank Lloyd Wright but features many Tahitian design details. (06/29/2025)
- Pets, and our passion for them, are driving more of home design - From performance fabrics to custom feeding centers and wash stations, owners are looking for practical pet-care options (06/28/2025)
- Your dog is your interior designer now - It’s standard for pet owners to choose fabrics and colors that suit life with animals. Custom feeding centers and wash stations are the next frontier. (06/24/2025)
- B-KD transforms housing complex's ground floor into an adaptable, community gallery space - In the Bedford-Stuyvesant neighborhood of Brooklyn, on the ground floor of a recently completed mixed-use development, the Center for Art and Advocacy has (06/24/2025)
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