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Millwork Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
- Market Size
(industry trends)
. .
- Market Forecast   .
- Products/Services Breakdown   .
- Revenue per State . .
$ Financial Metrics . .
$ Salary & Compensation Benchmarks . .
@ Key Companies   .
- Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Millwork

Overview: the U.S. Millwork Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Millwork: 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.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

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.

U.S. map by state

Millwork Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Millwork companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Millwork company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry 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 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 measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.

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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations 8%
Construction and Extraction Occupations 7%
Construction Trades Workers 7%
Production Occupations 57%
Assemblers and Fabricators 16%
Miscellaneous Assemblers and Fabricators 15%
Team Assemblers 13%
Woodworkers 27%
Woodworking Machine Setters, Operators, and Tenders 20%
Sawing Machine Setters, Operators, and Tenders, Wood 6%
Woodworking Machine Setters, Operators, and Tenders, Except Sawing 14%
Other Production Occupations 9%
Transportation and Material Moving Occupations 14%
Material Moving Workers 10%
Laborers and Material Movers, Hand 7%
Source: Bureau of Labor Statistics

Millwork Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News


  • Top Innovators

    CompanyInnovation Score
    Bamboo Hardwoods

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Modern refurbishment with Black Millwork - An impressive detached property in Berkshire has undergone an extensive refurbishment and extension to create generously proportioned modern family home using Andersen windows and doors supplied by Black Millwork. The three-bedroom 1960s property has been ... (01/10/2018)
    • Designing a Mudroom That Combines Form and Function - I also love heavy-duty vinyl wall coverings. For millwork, I like to line wood cabinets with sheet metal to protect them from daily wear and tear. I recently finished an entire mudroom where the millwork was made out of Corian rather than wood for complete ... (01/10/2018)
    • BMC Stock Holdings, Inc. Names David Keltner Interim President and CEO as Peter Alexander Steps Down - Headquartered in Atlanta, Georgia, the Company’s comprehensive portfolio of products and services spans building materials, including millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added ... (01/10/2018)
    • Journal Entries - He also helps students get internships at local firms like Eastern Millwork and Goya, both in Jersey City. The Hudson County Board of Chosen Freeholders will renew the Nurses Services for Peer Grouping Home Health Care, which will total $325,000. (01/10/2018)
    • Builders FirstSource to Host Fourth Quarter and Fiscal Year 2017 Financial Results Conference Call and Webcast - We service customers from strategically located distribution facilities and manufacturing facilities (certain of which are co-located) that produce value-added products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and ... (01/09/2018)
    • Luxury home of week: $10.5 million Back Bay condo was two units - The property, 400 Stuart St., Unit 19D, is listed for $10,500,000 and features herringbone walnut floors and custom millwork. The kitchen offers white cabinetry and an island topped with Calacatta marble. Another defining feature of the condo is the ... (01/09/2018)
    • Blue and Brass Details Soften This Cozy Kitchen - It weighed a ton,” says Powers. “To get the marble slab inside and on top of the island was a feat.” Overhead, custom millwork by the builder meets high-gloss cream walls and a central beam before stretching across the ceiling in pale, gray-stained ... (01/09/2018)
    • Metrie™ to Highlight New Option {M} Product Solution at 2018 International Builders’ Show - Metrie’s booth will also feature three professionally designed Then & Now Finishing Collections™ vignettes to show how to achieve a high-end, custom millwork look, as well as a “Builder Central” area to arm builders with information on how to add ... (01/09/2018)
    • Ten home design trends to watch in 2018 - "On anything you can think of, people are casting it." The ease and availability of millwork has helped increase its demand and popularity in the design world. "Before, if you wanted to find millwork or reclaimed wood, you really had to know where to go ... (01/07/2018)
    • Updated Craftsman Has Carrera Marble, Intricate Millwork - GROSSE POINTE PARK, MI -- Built in 1926, this fully remodeled craftsman house has over 3000 square feet of living space. The 3-bedroom, 4.5-bathroom house has a brand new kitchen featuring Carrara marble countertops. The adjoining family room has some ... (12/31/2017)

    Government Contracts

    In 2016, the federal government spent a total of $5,319,634 on Millwork. It has awarded 328 contracts to 110 companies, with an average value of $48,360 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount