Dublin, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The "Finish Carpentry Contractors Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global finish carpentry contractors market is on a path of steady growth, with expectations to reach $266.64 billion in 2023, marking a compound annual growth rate (CAGR) of 5.8% from its 2022 valuation of $252.06 billion. According to industry projections, the market is anticipated to continue its expansion, aiming for a value of $322.79 billion by 2027, at a CAGR of 4.9%.
Key players in the finish carpentry contractors market, including Gottstein Corp., First Davis Corp., and Endecca Painting & Flooring, are at the forefront of this upward trend.
Key Reasons to Consider:
- Global Insights: This report provides comprehensive coverage across 50+ geographies, offering a truly global perspective on the finish carpentry contractors market.
- COVID-19 Impact: Understand how the market has responded to the COVID-19 pandemic and its evolving dynamics as the impact of the virus subsides.
- Geo-Political Impact: Assess the impact of events like the Russia-Ukraine war on agriculture, energy, and mineral commodity supply and its direct and indirect influence on the market.
- Inflation Analysis: Measure the impact of high global inflation on market growth.
- Regional Strategies: Create effective regional and country strategies backed by localized data and analysis.
- Growth Segments: Identify growth segments for potential investment opportunities.
- Competitive Edge: Outperform competitors using forecast data and insights into market drivers and trends.
- Market Shares: Understand customer behavior and preferences based on the latest market shares.
- Performance Benchmarking: Benchmark your organization's performance against key competitors.
- Data for Presentations: This report offers reliable, high-quality data and analysis suitable for both internal and external presentations.
Finish carpentry contractors are skilled professionals specializing in the intricate finishing touches of interior structures, encompassing elements like trim, molding, cabinets, and other wooden features. Their expertise ensures precision in cutting, fitting, and installing materials, resulting in sharp corners, tight joints, and level moldings.
Key segments within the finish carpentry contractors market include cellular wood panels, windows, assembled parquet panels, doors, and more. Cellular wood panels, renowned for their lightweight and durable qualities, consist of layers of wood veneer or strands bonded together to form a robust panel. Services provided by large chain companies and independent contractors cater to a wide range of utility, commercial, and residential applications.
Technological advancements are emerging as a significant trend in the finish carpentry contractors market. Industry leaders like Eyrus Inc. are focusing on innovative solutions to bolster their market position. Eyrus recently unveiled Eyrus Evolved, an end-to-end solution aiding general contractors in making informed decisions related to progress, risk, and safety. This technology leverages Construction IoT (Internet of Things) to provide real-time workforce data and analytics, reducing project administrative overhead by 25%.
Furthermore, commercial construction demands are expected to fuel the growth of the finish carpentry contractors market. These professionals play a crucial role in installing and finishing closing details for commercial structures, including baseboards, trim, doors, windows, and decorative features. The total construction spending in the United States has witnessed a significant increase, growing from $1.54 trillion in November 2020 to $1.84 trillion in November 2022, reflecting a 16.3% rise, as reported by the United States Census Bureau.
The finish carpentry contractors market encompasses revenues generated by entities providing a range of services such as door and window installation, wood and laminate flooring installation, cabinet installation, and cabinetry/millwork shop services. The market value represents revenues from the sale of goods and services within the specified market and geography.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $266.64 billion |
| Forecasted Market Value (USD) by 2027 | $322.79 billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Finish Carpentry Contractors Market Characteristics
3. Finish Carpentry Contractors Market Trends And Strategies
4. Finish Carpentry Contractors Market - Macro Economic Scenario
4.1. COVID-19 Impact On Finish Carpentry Contractors Market
4.2. Ukraine-Russia War Impact On Finish Carpentry Contractors Market
4.3. Impact Of High Inflation On Finish Carpentry Contractors Market
5. Finish Carpentry Contractors Market Size And Growth
5.1. Global Finish Carpentry Contractors Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Finish Carpentry Contractors Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Finish Carpentry Contractors Market Segmentation
6.1. Global Finish Carpentry Contractors Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cellular Wood Panels
- Windows
- Assembled Parquet Panels
- Doors
- Other Types
6.2. Global Finish Carpentry Contractors Market, Segmentation By Service Provider, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Large Chain Companies
- Independent Contractors
6.3. Global Finish Carpentry Contractors Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Utilities
- Commercial
- Residential
7. Finish Carpentry Contractors Market Regional And Country Analysis
7.1. Global Finish Carpentry Contractors Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Finish Carpentry Contractors Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/npp3gp
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