The Carpenters industry experienced robust growth over the past five years, with majority of revenue derived from subcontracting services to a prime building contractor. Other projects involve contracting directly with the client (typically the building owner, occupier or property manager). Carpenters experience steep competition from unskilled do-it-yourself (DIY) homeowners in the housing alterations and additions market and from other skilled tradespeople in the new building construction market (e.g. general building contractors' staff). Growth in this industry will be supported by an increase in commercial and industrial activity over the next five years as the national economy expands, which will boost the need for carpentry contracting services for commercial and other nonresidential properties.
This industry comprises establishments primarily engaged in framing, carpentry and finishing work. The carpentry work performed includes new work, additions, alterations, maintenance and repairs. Activities performed by establishments in this industry range from the installation of doors and windows to paneling, steel framing work and ship joinery.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.