Knock on wood: Positive construction trends are forecast to return the industry to growth

The Carpentry Services industry represents a significant segment of the Construction division. The residential building market accounts for the bulk of carpentry work, which includes installing structural components, such as framework, roof trusses and cladding, and internal fit-outs, such as installing flooring and cabinet joinery. Carpenters typically subcontract to prime builders in the new housing market, such as Mirvac and Metricon. They also often work directly for homeowners on smaller renovation and repair projects. In the non-residential building market, industry operators typically subcontract carpentry work to install structural components for prime commercial builders such as Lendlease and Laing O'Rourke.Industry revenue is expected to contract at an annualised 1.0%...read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 14-19
-1.0%
Forecast Growth 19-24
Profit
Employment
79,800
Businesses
40,920
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue is contracting in the current year due to a decline in residential building construction
  • Carpentry contractors have derived demand for foundation formwork on apartment developments
  • Stronger demand from the residential building market will drive demand for carpentry services
  • Industry Report - Industry Locations Chapter

    The small-scale nature of operations in the Carpentry Services industry results in a geographic spread of establishments roughly corresponding with the distribution of population and economic activity. The three largest states account for a combined 80.8% of total industry enterprises, which marginally exceeds their combined share of the national population.New South Wales accounts for over one-third of carpentry enterprises, which exceeds the state's 32.0% share of the national population. New South Wales has an even higher share of businesses with employees (40.4%), which may reflect the capacity of firms to build scale by servicing the larger metropolitan markets of Sydney, Newcastle and Wollongong. Ind...purchase to read more.

    Additional Insights for the Carpentry Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Carpentry Services Industry are

  • Having a good reputation
  • Access to niche markets
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Demand from house construction and Demand from non-residential building construction in the Carpentry Services industry impact industry performance..

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    What's in this report

    What is the Carpentry Services Industry?

    Industry operators carry out carpentry work or the fixing of wooden formwork on construction projects.

    Industry Products
  • Framing or rough carpentry services
  • Finishing carpentry services
  • Other contracting services
  • Industry Activities
  • Carpentry work on construction projects
  • Wooden flooring installation
  • Wooden formwork or framework erection
  • Joinery work on construction projects (on-site fabrication only)
  • Building and installing wooden roof trusses
  • Installing doors and windows
  • Installing wooden panelling
  • Wooden roof truss installation
  • Wooden kitchen cabinet installation
  • 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 house construction
  • Demand from non-residential building construction
  • Demand from multi-unit apartment and townhouse construction
  • Demand from heavy industry and other non-building construction
  • Real household disposable income

  • Current Performance
  • Housing investment fluctuations
  • Non-residential construction
  • Profit and employment
  • Product substitution
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit and employment
  • Housing market
  • Non-residential building market
  • Table: Carpentry Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Carpentry Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wooden Structural Component Manufacturing
  • House Construction
  • Multi-Unit Apartment and Townhouse Construction
  • Commercial and Industrial Building Construction
  • Institutional Building Construction

  • Key Selling Industries
  • Construction
  • Hardware Wholesaling
  • Machine Tool and Parts Manufacturing
  • Metal and Mineral Wholesaling
  • Timber Wholesaling

  • Products & Services
  • Finishing carpentry services
  • Framing or rough carpentry services
  • Other contracting services
  • Chart: Carpentry Services Industry Products and Services Segmentation

  • Demand Determinants
  • New housing construction
  • Alterations and additions
  • Non-housing construction

  • Major Markets
  • Residential building contractors and developers
  • Commercial builders and property developers or managers
  • Households and residential property managers
  • Public sector clients
  • Chart: Major Market Segmentation for the Carpentry Services 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 Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Carpentry Services 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 Services 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 Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Finish Carpentry
  • This mainly comprises interior fit-outs or renovation work on buildings (such as wardrobes, staircases and cupboards).
  • Framing And Rough Carpentry
  • The construction of structural framework for buildings.
  • Osb
  • Oriented strand board, which is a timber board manufactured using shavings and adhesives. It is typically framed into a T-joint or I-joint for additional strength.
  • What Our Customers Say

    Why buy this report?

    The Carpentry Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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 Services:
    • 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 of 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 Services 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 Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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