Joint effort: Competition from imports and substitutes has curtailed industry expansion

Revenue is expected to increase at a compound annual rate of 3.8% over the five years through 2019-20 to £5.3 billion. The rise in residential building construction activity was largely responsible for growth. Non-residential building construction activity also expanded overall and enhanced demand. However, the benefits to the industry were limited because larger commercial buildings tend to use structural components made from steel rather than wood. The number of residential property transactions increased during 2015-16 and supported growth, as many people renovate houses after buying them. Nevertheless, moderate import competition and rising competition from substitute products, such those made from steel or unplasticised polyvinyl chloride (uPVC), curtailed more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • A rise in residential building construction activity has driven industry revenue growth
  • The industry has had to contend with intensifying competition from substitute products
  • Industry demand is expected to be limited by high-density apartment construction
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is considered to be in the mature stage of its life cycle. Over the 10 years through 2024-25, industry value added, which measures the industry’s contribution to GDP, is expected to grow at a compound annual rate of 3.6%. Meanwhile, the UK economy is forecast to expand at a compound annual rate of 1.5% over the same period. Although this indicates that the industry will account for a rising share of the overall economy, the industry is not in the growth stage. Instead, this rate of growth is mainly due to industry value added being considerably depressed during the base year.The industry has clearly defined and segmented product lines. In addition, the products manufactured by industry operators have a high level of acceptance. The...purchase to read more.

    Additional Insights for the Carpentry & Joinery Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Carpentry & Joinery Product Manufacturing Industry are

  • Ability to manage external (outsourcing) contracts
  • Access to highly skilled workforce
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Demand from commercial building construction in the Carpentry & Joinery Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Carpentry & Joinery Product Manufacturing Industry?

    Industry participants manufacture various types of wooden goods that are mainly used in construction. These include doors, windows and frames, structural carpentry products such as beams and rafters, and prefabricated buildings like mobile homes. The manufacture of kitchen cabinets, bookcases, wardrobes and free-standing wooden partitions is excluded from the industry.

    Industry Products
  • Builders' joinery and carpentry
  • Doors, frames and thresholds
  • Prefabricated wooden buildings
  • Windows and frames
  • Industry Activities
  • wooden doors, windows, shutters and frames
  • wooden beams, rafters and roof struts
  • glue-laminated and metal-connected prefabricated wooden roof trusses
  • wooden stairs and railings
  • mobile homes
  • prefabricated buildings mainly made of wood
  • wood partitions (except free-standing partitions)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from residential building construction
  • Demand from commercial building construction
  • Real household disposable income
  • Real effective exchange rate

  • Current Performance
  • Demand conditions
  • Growth impediments
  • Margins improve slightly
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand expands
  • Growth opportunities
  • Potential turbulence
  • Margins widen
  • Table: Carpentry & Joinery Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Carpentry & Joinery Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Residential Building Construction
  • Building Material Wholesaling
  • Holiday Accommodation
  • Consumers

  • Key Selling Industries
  • Construction Supplies Wholesaling
  • Glue & Adhesives Manufacturing
  • Sawmilling & Wood Planing
  • Veneer Sheet & Wood-Based Panel Manufacturing

  • Products & Services
  • Builders' joinery and carpentry
  • Doors, frames and thresholds
  • Prefabricated wooden buildings
  • Windows and frames
  • Other
  • Chart: Carpentry & Joinery Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Housing construction contractors and tradespeople
  • Non-residential building contractors and tradespeople
  • DIY homeowners
  • Other markets
  • Chart: Major Market Segmentation for the Carpentry & Joinery Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Carpentry & Joinery Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Carpentry & Joinery Product Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Carpentry & Joinery Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Carpentry & Joinery Product Manufacturing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Carbon Footprint
  • A carbon footprint is historically defined as the total set of greenhouse gas emissions caused by an individual or organisation.
  • Foil Door
  • A door manufactured using a wood effect foil pressed onto a timber frame.
  • Shingles
  • Wooden tiles used to cover roofs.
  • Shuttering
  • A temporary frame made of wood or metal used to mould concrete forms such as driveways, paths and stairs.
  • Unplasticised Polyvinyl Chloride (Upvc)
  • A strong, rigid plastic often used for manufacturing window frames and plumbing pipes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Carpentry & Joinery Product Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Carpentry & Joinery Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Carpentry & Joinery Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Carpentry & Joinery Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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