According to the latest market research study published by P&S Intelligence, the U.S. millwork market, valued at USD 12.5 billion in 2024, is projected to grow to USD 18.4 billion by 2032, registering a CAGR of 5.1% between 2025 and 2032.
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This robust growth is driven by a resurgence in both new
construction and remodeling activities across the residential and commercial
sectors. In addition, government initiatives—such as funding from the
Infrastructure Investment and Jobs Act (IIJA) and the CHIPS and Science Act—are
bolstering demand for high‑quality millwork components. Technological
modernization within manufacturing facilities, including automation and
precision cutting, is enabling faster production cycles and greater
customization, making millwork solutions more attractive to builders and
architects alike. Industry leaders, including Builders FirstSource, JELD‑WEN,
and Woodgrain, are expanding their production and distribution capacity,
further strengthening the market’s supply chain and helping deliver improved
product availability and service.
Key Insights
- The market
is segmented by product type, including doors, windows, moulding, and
architectural woodwork. Each segment is benefiting from rising
construction and renovation spending.
- Residential
millwork remains the dominant share, but commercial and institutional
projects are increasingly driving demand, particularly in education,
healthcare, and retail sectors.
- Geographically,
growth is strongest in states investing heavily in infrastructure—such as
Texas, Florida, and California—followed by the Northeast and Pacific
regions where property renovation is surging.
- Technological
advancements are reshaping production, with manufacturers adopting CNC
machining, robotics, and integrated ERP systems to boost efficiency and
reduce waste.
- Government
policy, notably the IIJA and CHIPS Act, is creating new opportunities:
companies are securing contracts for interior finishes in federally funded
construction projects.
- Sustainability
initiatives are gaining traction. Leading players are incorporating
engineered wood, reclaimed lumber, low-emission finishes, and
FSC-certified materials to meet green-building standards.
- Competitive
dynamics: Key industry players—Builders FirstSource, JELD‑WEN, and
Woodgrain—are rapidly expanding manufacturing footprints and distribution
pipelines to meet national demand. Meanwhile, mid-sized and regional firms
are leveraging customization and local service to capture niche markets.
- Emerging
opportunities: Custom millwork for higher-end residential and
commercial applications, demand for energy-efficient door/window
assemblies, and growth in prefabricated millwork components are shaping
future innovation.
- Recent partnerships and expansions: Several manufacturers have announced enhanced capacity through strategic investments and acquisitions to capitalize on long-term infrastructure and renovation trends.
- Outlook: With the ongoing convergence of public infrastructure funding, sustainable building practices, and advanced manufacturing capabilities, the U.S. millwork market is well-positioned for steady expansion through 2032.
