Carpenters in the US - Industry Market Research Report

Carpenters in the US - Industry Market Research Report

  • June 2021 •
  • 37 pages •
  • Report ID: 657880 •
  • Format: PDF
New addition: Recovering downstream markets will likely support industry revenue growth

Abstract

Carpenters in the US
The Carpenters industry is composed of contractors that provide specialist framing carpentry services, including the construction of wooden framing and permanent foundations, wall installations and wooden beam and truss installations. Carpenters experience steep competition from unskilled do-it-yourself (DIY) homeowners in the housing alterations and additions market and from other skilled tradespeople in the new building construction market. Like many construction-related fields, the Carpenters industry has improved markedly since 2014. Additionally, nonresidential construction activity and private spending on home improvements have risen during the five-year period to 2019, spurring demand for industry services. As a result of these favorable conditions, including accommodative interest rates during the period set by the Federal Reserve, industry revenue is expected to increase over the five years to 2019. IBISWorld expects the industry to continue its expansion over the five years to 2024, with carpentry contractors likely benefiting from improvements in the industry’s major downstream building markets.

This industry comprises companies primarily engaged in framing, carpentry and finishing work. The carpentry work performed includes new work, additions, alterations, maintenance and repairs. Activities performed by establishments in this industry range from the installation of doors and windows to paneling, steel framing work and ship joinery.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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