$44.2bn
$X.Xbn
353k
224k
$XX.Xbn
Carpenters have endured modest declines over the past five years. Despite initial growth because of increased housing starts and private spending on home improvements, subsequent interest rate hikes limited this upward trend. While the post-pandemic demand in the commercial market helped balance declines in residential construction, office construction has maintained a sluggish pace, primarily because of high rental vacancies. Public funding for hospital construction added some impetus, but growth in other municipal building constructions remained slow. Overall, industry revenue has been decreasing at a CAGR of 0.1% over the past five years to total an estimated $44.2 billion in 2024, including an estimated increase of 0.4% in 2024.
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated $44.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Marvin | 674.9 | 33.1 | 4.9 | |
Ply Gem Holdings Inc. | 184.3 | 9.0 | 4.9 | |
Carpenter Contractors of America Inc. | 122.5 | 7.2 | 5.9 |
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Industry revenue is measured across several distinct product and services lines, including Finish carpentry, Framing carpentry and Other contractor services. Finish carpentry is the largest segment of the Carpenters in the US.
Finish carpentry services have followed trends in the residential construction market
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.
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NAICS 23835 - Carpenters in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
It’s been a tale of two markets for contractors. Low interest rates spurred strong growth in the residential market for contractors. Nonresidential construction ramping up of...
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The residential construction sector is experiencing significant turbulence, primarily driven by variations in interest rates. These shifts have governed periods of both growt...
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California leads as the state with the highest demand for carpenters. Factors like a large population, diverse climatic conditions and frequent natural disasters necessitate ...
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Carpenters compete on a regional basis to serve local communities. Most carpenters are independent, though constant demand keeps direct competition low.
Learn about the performance of the top companies in the industry.
The market remains considerably fragmented, with no single company controlling over 2.0% market share. The largest companies mainly target commercial clients and partake in l...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Licensing stands as the chief hurdle to entry in carpentry. Licensing prerequisites fluctuate across states, making carpentry a notably localized profession.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit growth is being stifled by volatility in downstream markets. Volatility in downstream markets has hiked price-based competition. Also, higher wage costs have hindered ...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Carpenters in the US industry in United States is $44.2bn in 2024.
There are 224k businesses in the Carpenters in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Carpenters in the US industry in United States has been declining at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Carpenters in the US industry in United States is expected to grow.
The biggest companies operating in the Carpenters market in United States are Marvin, Ply Gem Holdings Inc. and Carpenter Contractors of America Inc.
Cabinet and joinery work on construction projects (on-site fabrication only) and Fixing wooden roof trusses are part of the Carpenters in the US industry.
The company holding the most market share in United States is Marvin.
The level of competition is high and steady in the Carpenters in the US industry in United States.