Market Size of Global Builders Joinery And Carpentry Of Wood Industry
Study Period | 2024-2029 |
Market Size (2024) | USD 76.94 Billion |
Market Size (2029) | USD 95.65 Billion |
CAGR (2024 - 2029) | 4.45 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Builders Joinery and Carpentry of Wood Market Analysis
The Global Builders Joinery And Carpentry Of Wood Market size is estimated at USD 76.94 billion in 2024, and is expected to reach USD 95.65 billion by 2029, growing at a CAGR of 4.45% during the forecast period (2024-2029).
- Due to its advantageous qualities, builders' joinery and carpentry are widely used in developed economies all over the world. Due to the increased disposable income of the populace, particularly in China, Malaysia, and India, emerging economies are also turning their attention to luxury. People in emerging nations are particularly drawn to expensive wood furnishings, windows, doors, and their frames. As a result, there will be a large demand for wood joinery and carpentry from growing economies all over the world.
- The joinery industry uses wood for various purposes, including flooring, windows, doors, stairs, furniture, and interior fittings. Pine is the usual choice because it can be given a good surface finish, and the heartwood provides natural resistance to rot and insects. Despite the pandemic and problems with the availability of raw materials in the global markets, the joinery industry is performing well.
- Governments of many countries and the European Union (EU) have launched several programs to support and stimulate the development of the global economy, including the construction industry and environmental protection (e.g., the EU Green Deal).
- Such actions have stimulated demand for construction materials, resulting in increased sales of joinery and the visible activity of companies in the sector to invest in new production facilities and technologies. The global joinery industry has had a period of paradoxical turbulence and turnarounds.
- Rising demand for building materials and a temporary lack of raw materials for their production has caused prices to rise but has not reduced the level of joinery sales. European and local projects, which will soon enter the implementation period, may further accelerate growth trends in the construction industry.
Builders Joinery and Carpentry of Wood Industry Segmentation
Carpentry and joinery are both construction trades. In its simplest and most traditional sense, joiners ‘join’ wood in a workshop, whereas carpenters construct the building elements on-site.
The global builders joinery and carpentry of wood market is segmented by type (cellular wood panels, windows, assembled parquet panels, doors, and other types), by application (furniture, building, and other applications), and by geography (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
The report offers the market size for the global builders' joinery. The report offers market size for global builders' joinery and carpentry of wood market in value (USD) for all the above segments.
By Type | |
Cellular Wood Panels | |
Windows | |
Assembled Parquet Panels | |
Doors | |
Other Types |
By Application | |
Furniture | |
Building | |
Other Applications |
By Geography | ||||||
| ||||||
| ||||||
| ||||||
| ||||||
|
Global Builders Joinery And Carpentry Of Wood Market Size Summary
The global builders joinery and carpentry of wood market is poised for significant growth, driven by increasing demand in both developed and emerging economies. The sector benefits from the rising disposable incomes in countries like China, Malaysia, and India, where there is a growing preference for luxury wood furnishings. The industry utilizes wood for various applications, including flooring, windows, doors, and furniture, with pine being a popular choice due to its durability and aesthetic appeal. Despite challenges such as the pandemic and raw material shortages, the market has shown resilience, supported by government initiatives and environmental programs like the EU Green Deal, which have spurred demand for construction materials. This has led to increased investments in production facilities and technologies, further propelling the market's expansion.
The joinery sector's growth is closely linked to the construction industry, with rising urbanization in developing countries driving demand for residential properties. The Asia Pacific region, in particular, is experiencing a construction boom due to economic expansion and population growth. In the Middle East and Africa, rapid growth is anticipated from industrial, commercial, and residential projects. Meanwhile, Europe's market is seeing steady growth from renovation projects. The home improvement services market, particularly in North America, is also contributing to the demand for joinery and carpentry, as homeowners invest in interior renovations despite rising costs. The market is moderately competitive, with companies like Masonite International Corporation and JELD-WEN Holding, Inc. leading the way in technological advancements and strategic acquisitions to maintain their competitive edge.
Global Builders Joinery And Carpentry Of Wood Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Current Market Scenario
-
1.2 Government regulations and initiatives
-
1.3 Insights on upcoming projects in joinery and carpentry market
-
1.4 Technological Trends
-
1.5 Impact of COVID-19 on Global Builders Joinery and Carpentry Of Wood Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Cellular Wood Panels
-
2.1.2 Windows
-
2.1.3 Assembled Parquet Panels
-
2.1.4 Doors
-
2.1.5 Other Types
-
-
2.2 By Application
-
2.2.1 Furniture
-
2.2.2 Building
-
2.2.3 Other Applications
-
-
2.3 By Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Rest of North America
-
-
2.3.2 Latin America
-
2.3.2.1 Brazil
-
2.3.2.2 Colombia
-
2.3.2.3 Argentina
-
2.3.2.4 Rest of Latin America
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 France
-
2.3.3.4 Rest of Europe
-
-
2.3.4 Asia Pacific
-
2.3.4.1 China
-
2.3.4.2 Japan
-
2.3.4.3 India
-
2.3.4.4 Rest of Asia Pacific
-
-
2.3.5 Middle East & Africa
-
2.3.5.1 Iran
-
2.3.5.2 Saudi Arabia
-
2.3.5.3 Israel
-
2.3.5.4 Rest of Middle East & Africa
-
-
-
Global Builders Joinery And Carpentry Of Wood Market Size FAQs
How big is the Global Builders Joinery And Carpentry Of Wood Market?
The Global Builders Joinery And Carpentry Of Wood Market size is expected to reach USD 76.94 billion in 2024 and grow at a CAGR of 4.45% to reach USD 95.65 billion by 2029.
What is the current Global Builders Joinery And Carpentry Of Wood Market size?
In 2024, the Global Builders Joinery And Carpentry Of Wood Market size is expected to reach USD 76.94 billion.