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2024 U.S. Industry Statistics & Market Forecast - Other Wood Product Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Other Wood Product Manufacturing:
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 | 2019 2020 2021 2022 2023 | |
|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Other Wood Product Manufacturing industry include:- Increased demand for sustainable and eco-friendly materials
- Rise in automation and advanced manufacturing technologies
- Growing customization and DIY products trend
- Shift towards local and small-scale manufacturers due to supply chain disruptions
- Increased competition from low-cost imports
- Enhanced focus on safety and environmental regulations
- Expansion of online sales and digital marketing strategies
- Integration of Internet of Things (IoT) in production processes
- Fluctuations in raw material costs particularly wood
- Upsurge in niche markets like luxury wooden accessories and artisanal woodwork
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) |
|
|---|---|---|
| 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 Other Wood Product Manufacturing 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 Other Wood Product Manufacturing 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 Other Wood Product Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| 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% | |||
Other Wood Product Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Other Wood Product Manufacturing 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 Other Wood Product Manufacturing 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 Other Wood Product Manufacturing industry. |
Source:
Innovation News
- May 17, 2024: Global Bamboo Technologies raises $18 million in funding.
- Apr 18, 2024: Global Bamboo Technologies raises $4 million in funding.
- Apr 09, 2024: Global Bamboo Technologies raises $4 million in funding.
- Dec 15, 2023: Agorus trademarks "AGORUS ONE PHASE" - Downloadable computer software for use in the planning, construction and manufacturing of buildings, including virtual and augmented reality walkthroughs, and materials management, costs, processing and itemization in the construction field
- Dec 15, 2023: Agorus trademarks "ONE PHASE" - Downloadable computer software for use in the planning, construction and manufacturing of buildings, including virtual and augmented reality walkthroughs, and materials management, costs, processing and itemization in the construction field
- Dec 06, 2023: Agorus trademarks "AGORUS CONSTRUCTION ONE SOURCE" - Downloadable computer software for use in the planning, construction and manufacturing of buildings, including virtual and augmented reality walkthroughs, and materials management, costs, processing and itemization in the construction field
- Aug 31, 2023: Global Bamboo Technologies patents Bamboo-hybrid Structural Panels And Structural Section
- Aug 24, 2023: Cooper Group patents Historically Accurate Simulated Divided Light Glass Unit And Methods Of Making The Same
- Jun 15, 2023: Quality Wood Designs patents Firearm Holder Including A Stock Lock And Muzzle Holder
Recent Federal Contracts for Other Wood Product Manufacturing
- Apr 02, 2024: PACIFIC MOBILE STRUCTURES, INC. (Chehalis, WA) awarded $9,151
- Apr 02, 2024: JFK SUPPLIES INC (Edison, NJ) awarded $73,776
- Apr 01, 2024: VALLE VERDE CONSTRUCTION, LLC (Rigby, ID) awarded $24,600
- Apr 01, 2024: MCGRATH RENTCORP (Livermore, CA) awarded $201,576
- Apr 01, 2024: WESTERN WOOD STRUCTURES, INC. (Tualatin, OR) awarded $205,800
- Apr 01, 2024: MILES AHEAD DISTRIBUTION, INC (Richmond, VA) awarded $12,813
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