Rickety framework: Subdued demand from building industries constrains revenue growth

The Carpentry Services industry represents a significant segment of the Construction division. The bulk of carpentry work is in the residential building market and includes the installation of structural components, such as framework, roof trusses and cladding, and internal fit-outs, such as the installation of flooring and cabinet joinery. Carpenters typically subcontract to prime builders in the new housing market, like Mirvac and Metricon, but often also work directly for homeowners on smaller renovation and repair projects. In the non-residential building market, carpentry work typically involves the installation of structural components, such as formwork and roof trusses...read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 13-18
0.3%
Forecast Growth 18-23
Profit
Employment
90,500
Businesses
41,800
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Current-year revenue is contracting due to a decline in residential building construction
  • The use of non-wood materials, especially in multi-unit developments, has hurt industry demand
  • Stronger demand from the residential building market will drive demand for carpentry services
  • Industry Report - Industry Analysis Chapter

    The Carpentry Services industry has been adversely influenced by divergent trends in downstream building markets over the past five years, particularly the recent sharp contraction in the residential building market. The industry’s performance has also been contained by the long-term trend away from the use of carpentry-intensive construction techniques and towards the use of prefabricated modular joinery components. This trend has included the greater use of prefabricated door and window systems, roof trusses and timber framework, along with construction techniques that use non-traditional building materials such as polystyrene insulated panels and concrete-based products.Industry revenue is expected to increase at an annualised 0.3% o...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 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 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
  • Infrastructure contractors, managers and developers
  • 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
  • Profit
  • Wages
  • Purchases
  • Motor vehicle expenses
  • Depreciation
  • Other
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Building The Education Revolution (Ber)
  • A Commonwealth Government program involving refurbishment of the nation's primary school buildings as a measure to stimulate economic growth.
  • Finish Carpentry
  • Mainly comprises the interior fit-out work or renovation work on buildings (notably robes, staircases, cupboards etc.).
  • Framing And Rough Carpentry
  • The construction of structural framework for buildings.
  • Osb
  • Oriented Strand Board, manufactured timber board using shavings and adhesives. Typically framed into a T-joint or I-joint for additional strengthen.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Carpentry Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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