Overview

Knock on wood: Recovering construction activity is expected to prop up industry revenue

The Wooden Structural Component Manufacturing 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.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • External competition is expected to rise as substitute products become increasingly popular
  • Lower costs for imported inputs, such as doorknobs, locks and nails, have boosted industry margins
  • A possible reduction in timber supply could increase purchase costs over the next five years

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    Industry Analysis & Industry Trends

    The Wooden Structural Component Manufacturing industry has had mixed results over the past five years, with major revenue fluctuations and low overall growth. Industry firms manufacture a range of wooden structural components such as doors, windows, trusses and kitchen cabinetry. These products are mainly used in housing and building construction. Increased housing and non-residential construction volumes have offset product substitution over the five years through 2016-17.

    Housing and multi-unit development construction activity has increased over the past five years, despite a slump being expected during 2016-17. However, multi-unit developments tend to use fewer industry products, and higher volumes of substitute products, such as aluminium windows and doors. A...

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    Industry Report - Industry SWOT Analysis Chapter

    The industry has undergone low growth in revenue and value added (the industry's contribution to national GDP) over the past five years, indicating that the industry is in the mature phase of its life cycle. Furthermore, industry value added is estimated to increase at an annualised 1.3% over the decade through 2021-22, underperforming GDP growth of 2.5% over the same period. Low industry growth has mainly been due to fluctuating housing construction levels and greater substitution from aluminium doors and windows. Higher household renovation growth, and multi-unit and commercial construction levels have contributed to industry growth over the past five years.

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    Additional Insights for the Wooden Structural Component Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wooden Structural Component Manufacturing Industry are

  • Access to highly skilled workforce
  • Supply contracts in place for key inputs
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Demand from house construction and Demand from aluminium door and window manufacturing in the Wooden Structural Component Manufacturing industry impact industry performance..

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    Industry Products

    What is the Wooden Structural Component Manufacturing Industry?

    Industry companies manufacture wooden structural fittings, components for prefabricated buildings, wood-framed doors, wood-framed windows, roof trusses, wooden kitchen cabinets, wall frames and joinery. These products are used extensively in building construction, particularly for houses.

    Industry Products
    Wooden doors
    Wooden window frames
    Wooden roof trusses and wall frames
    Wooden kitchen cabinets
    Joinery and other wooden components
    Industry Activities
    Wooden door
    Wooden or wooden-framed roof truss
    Wooden structural fittings
    Wooden wall frame
    Wooden wall-framed window, complete with glass
    Wooden kitchen cabinet (and installation of the same cabinets)
    Prefabricated wooden built-in cabinet, cupboard and shop front (except on-site fabrication)
    Installation of prefabricated wooden built-in cabinets, cupboards and shop fronts

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from house construction
  • Demand from aluminium door and window manufacturing
  • Demand from commercial and industrial building construction
  • Demand from structural metal product manufacturing
  • Demand from timber resawing and dressing

  • Current Performance
  • Revenue and profit
  • Product substitutes
  • Weaker industry trends
  • Low international trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profit
  • Continued substitute competition
  • Future industry trends
  • Table: Wooden Structural Component Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wooden Structural Component Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Multi-Unit Apartment and Townhouse Construction
  • Residential Property Operators
  • Commercial and Industrial Building Construction
  • Hardware and Building Supplies Retailing
  • Hardware Wholesaling
  • Consumers

  • Key Selling Industries
  • Mining and Industrial Machinery Wholesaling
  • Timber Resawing and Dressing

  • Products & Services
  • Wooden roof trusses and wall frames
  • Wooden doors
  • Wooden kitchen cabinets
  • Wooden window frames
  • Joinery and other wooden components
  • Chart: Wooden Structural Component Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential construction sector
  • Non-residential construction sector
  • Institutional construction sector
  • Wholesale sector
  • Other sectors
  • Retail sector
  • Chart: Major Market Segmentation for the Wooden Structural Component Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Wooden Structural Component Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wooden Structural Component Manufacturing Industry

  • Industry Globalization
    Major Companies
    Carter Holt Harvey Building Products Pty LimitedJELD-WEN Australia Pty LimitedHyne & Son Pty Limited
  • Table: Carter Holt Harvey Building Products Pty Limited - financial performance
  • Table: JELD-WEN Australia Pty Limited - financial performance
  • Table: Hyne & Son Pty Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wooden Structural Component Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Wooden Structural Component Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Hardwood
  • This wood is sourced from broadleaf trees, and is used for flooring, building products and fine paper.
  • Lvl
  • Laminated veneer lumber is an engineered wood product that has a similar in strength to concrete, steel and timber, and is used for structural requirements.
  • Resawing
  • The recutting of sawn wood and logs into final wood products.
  • Softwood
  • This wood is sourced from coniferous trees such as pine, and is used for furniture, building supplies, newsprint and cardboard.
  • Why buy this report?

    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 Wooden Structural Component 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 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 Wooden Structural Component 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 Wooden Structural Component Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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