Carpentry & Joinery Wood Product Manufacturing in the UK Industry Market Research Report Now Updated by IBISWorld

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The Carpentry & Joinery Wood Product Manufacturing industry manufactures wooden joinery products such as windows, doors and stairs. Carpentry woodwork such as beams, rafters and shuttering for concrete work (formwork) is also made by the industry, as are prefabricated wooden buildings such as sheds and mobile homes. Demand is driven by household spending patterns and investment trends in the housing and non-residential building markets. Industry revenue is forecast to contract by 4.6% to £3.75 billion in 2012-13. The industry has displayed a volatile performance over the past decade, influenced by widely fluctuating building investment trends. Over the five years through 2012-13, industry revenue is expected to contract at an annualised 5.0%, corresponding with a contraction in the value of total building construction, recessionary growth conditions in the UK economy and financial market instability across the European Union. The value of new housing construction is expected to decline over the five years through 2012-13, as will non-residential building construction. The recessionary economic growth conditions have also driven down household spending on prefabricated buildings such as garages and holiday cabins. An upswing in demand conditions in the downstream building markets is forecast to support a return to industry revenue growth over the five years through 2017-18. For these reasons, industry research firm IBISWorld has updated its report on the Carpentry & Joinery Wood Product Manufacturing industry.

IBISWorld Market Research

IBISWorld Market Research

The industry will recover after a long period of weak construction growth

The Carpentry & Joinery Wood Product Manufacturing industry manufactures wooden joinery products such as windows, doors and stairs. Carpentry woodwork such as beams, rafters and shuttering for concrete work (formwork) is also made by the industry, as are prefabricated wooden buildings such as sheds and mobile homes. According to IBISWorld industry analysts Anthony Kelly, “demand is driven by household spending patterns and investment trends in the housing and non-residential building markets”. Industry revenue is forecast to contract by 4.6% to £3.75 billion in 2012-13. The industry has displayed a volatile performance over the past decade, influenced by widely fluctuating building investment trends. Over the five years through 2012-13, industry revenue is expected to contract at an annualised 5.0%, corresponding with a contraction in the value of total building construction, recessionary growth conditions in the UK economy and financial market instability across the European Union. The value of new housing construction is expected to decline over the five years through 2012-13, as will non-residential building construction. The recessionary economic growth conditions have also driven down household spending on prefabricated buildings such as garages and holiday cabins. Kelly adds, “an upswing in demand conditions in the downstream building markets is forecast to support a return to industry revenue growth over the five years through 2017-18”.
The Carpentry & Joinery Wood Product Manufacturing industry has a low level of market share concentration. The four largest manufacturers together account for less than 10% of annual industry revenue. The industry is characterised by its many small- to medium-scale manufacturing firms that operate in narrow regional product markets. Major companies include JELD-WEN, James Walker, Stewart Milne, Howarth Timber, Saint-Gobain Building Distribution, Robertson Group and James Donaldson & Sons.

For more information on the Carpentry & Joinery Wood Product Manufacturing industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.

IBISWorld industry Report Key Topics

Firms in this industry manufacture wooden doors, windows and frames, structural carpentry products (such as beams and rafters), and prefabricated buildings including mobile homes.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on many UK industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.co.uk or call (020) 3008 6568.

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Gavin Smith
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