Millwork Industry - Market Size, Trends, and Growth - 2025-2030

Industry Overview

This industry comprises establishments primarily engaged in manufacturing hardwood and softwood cut stock and dimension stock (i.e., shapes); wood windows and wood doors; and other millwork including wood flooring. Dimension stock or cut stock is defined as lumber and worked wood products cut or shaped to specialized sizes. These establishments generally use woodworking machinery, such as jointers, planers, lathes, and routers to shape wood.
Source: U.S. Census Bureau

Market Size and Industry Forecast

This research report analyzes the market size and trends in the Millwork industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Millwork companies in the United States.

Distribution by Company Size

Company Size	All Industries	Millwork
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Millwork Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Millwork industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Wood window and door manufacturing	Included
Wood window units
Wood window units, double hung
Wood window units, double hung, cladded
Wood window units, double hung, other types
Wood window units, casement
Wood window units, casement, cladded
Wood window units, casement, other types
Wood window units, other types
Wood window units, horizontal sliding, cladded

Compensation and Salary Surveys

Salary information for employees working in the Millwork industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%	Included
Chief Executives	0%
General and Operations Managers	2%
Office and Administrative Support Occupations	8%
Construction and Extraction Occupations	7%
Construction Trades Workers	6%
Production Occupations	58%
Assemblers and Fabricators	17%
Miscellaneous Assemblers and Fabricators	17%
Assemblers and Fabricators, All Other, Including Team Assemblers	17%
Woodworkers	28%
Woodworking Machine Setters, Operators, and Tenders	22%
Sawing Machine Setters, Operators, and Tenders, Wood	6%
Woodworking Machine Setters, Operators, and Tenders, Except Sawing	16%
Other Production Occupations	8%
Transportation and Material Moving Occupations	13%
Material Moving Workers	10%
Laborers and Material Movers, Hand	7%

Government Contracts

The federal government spent an annual total of $5,319,634 on the millwork industry. It has awarded 328 contracts to 110 companies, with an average value of $48,360 per company.

Top Companies in Millwork and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included