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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. |
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| 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). |
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| 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
- Negative space is the secret to a nicer looking home - That’s the magic behind negative space, the empty areas around objects like furniture, art and accessories. It sounds counterintuitive, but including areas of blankness lets focal points shine, adds interest and allows spaces to breathe, (01/04/2025)
- Is 2025 the Year You Buy an Art Nouveau Villa Near Prague? - Set just a short drive from the capital, the 20th-century home dazzles with curved archways, custom millwork, and a sun-drenched conservatory. (01/03/2025)
- Builders FirstSource consolidating 2 locations into larger Westside Industrial Park center - The two existing West Jacksonville Builders FirstSource locations total almost 180,000 square feet of space. The Duval County Property Appraiser shows that the 75,370-square-foot warehouse at 8275 Forshee Drive was built in 1996. It is about 1.4 miles northeast of the Jesse B. Smith Court warehouse. (01/03/2025)
- Property of the week: A meticulously maintained home and grounds with privacy - Backyard and pool area. Combined with the open floor plan, it opens countless possibilities for entertaining and daily living. (12/22/2024)
- Record-setting mansion from Texas heiress among Houston's most expensive homes sold in November - Luxury homes in the River Oaks and West University neighborhoods topped the list Houston's most expensive homes sold in November, according to HAR. (12/21/2024)
- Big Deal: 36 Lincoln Parkway - A circa-1915 colonial residence at 36 Lincoln Parkway has traded hands for $2.9 million. Sephra Tzipporah Rahabi-Vigna sold the property to 36 Lincoln Parkway LLC. The four bedroom home has (12/20/2024)
- Surreal Estate: $6.9 million to live in the Vaughan home of an award-winning architect - including the Greenbelt, and comes with manicured gardens, a forest’s worth of walnut millwork and a futuristic terrace. It’s a short drive from downtown Vaughan and about an hour’s drive ... (12/16/2024)
- Cleveland Heights home is giving castle vibes: House of the Week - N. Park Blvd. in Cleveland Heights was built in 1910 and has 7 bedrooms and 7 bathrooms (5 full). Can you guess the list price? (12/13/2024)
- Wood components & industrial products: Industry snapshot - As the cabinetry, furniture and closet/home organization markets continue to grow, so does the components segment, for both solid wood and composite panel products. When it comes to cabinetry ... (12/09/2024)
- 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)
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