Opening doors: Premium product offerings have protected some firms from external competition

Despite high revenue volatility, The Wooden Structural Component Manufacturing industry has grown strongly over the past five years. Industry firms manufacture a range of wooden structural components such as doors, windows, trusses and kitchen cabinetry. The housing and building construction sectors are the main users of these products. Increased demand from housing and certain non-residential construction sectors has boosted industry revenue over the past five years. However, the increasing popularity of substitute products, such as aluminium windows and doors, has hindered industry growth.Residential construction activity is expected to remain the industry's largest market over the period, despite a fall in 2017-18, and with further declines likely in the current more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • External competition is expected to rise as substitute products become increasingly popular
  • Greater competition from substitute products has hindered pricing growth and pushed margins lower
  • A possible reduction in timber supply could increase purchase costs over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Wooden Structural Component Manufacturing industry comprises different types of establishments, including many small- to medium-size local operations and a few large-scale producers with branch operations in several states. The four largest industry firms are expected to generate 14.9% of total industry revenue in 2018-19, resulting in low industry concentration. In the current year, approximately 95% of industry firms are expected to employ fewer than 20 people, with approximately 39% being sole proprietors.Industry concentration is higher in the wooden door manufacturing segment, where a relatively small number of large firms undertake production, and the four largest enterprises are expected to generate almost half of the segment's revenue in the current year. Cor...purchase to read more.

    Additional Insights for the Wooden Structural Component Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Wooden Structural Component Manufacturing are:

  • Access to highly skilled workforce
  • Supply contracts in place for key inputs
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Demand from house construction and Demand from aluminium door and window manufacturing in the Wooden Structural Component Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wooden Structural Component Manufacturing Industry?

    Industry companies manufacture wooden structural fittings, components for prefabricated buildings, wood-framed doors, wood-framed windows, roof trusses, wooden kitchen cabinets, wall frames and joinery. Downstream construction markets, particularly housing construction, use these products extensively.

    Industry Products
  • Wooden doors
  • Wooden wall and window frames
  • Wooden roof trusses
  • Custom-made built-in wooden furniture
  • Other wooden builders' joinery and carpentry
  • Industry Activities
  • Wooden door
  • Wooden or wooden-framed roof truss
  • Wooden structural fittings
  • Wooden wall frame
  • Wooden wall-framed window, complete with glass
  • Wooden kitchen cabinet (and installation of the same cabinets)
  • Prefabricated wooden built-in cabinet, cupboard and shop front (except on-site fabrication)
  • Installation of prefabricated wooden built-in cabinets, cupboards and shop fronts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from house construction
  • Demand from aluminium door and window manufacturing
  • Demand from commercial and industrial building construction
  • Demand from structural metal product manufacturing
  • Demand from timber resawing and dressing

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Wooden Structural Component Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wooden Structural Component Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Multi-Unit Apartment and Townhouse Construction
  • Residential Property Operators
  • Commercial and Industrial Building Construction
  • Hardware and Building Supplies Retailing
  • Hardware Wholesaling
  • Consumers

  • Key Selling Industries
  • Mining and Industrial Machinery Wholesaling
  • Timber Resawing and Dressing

  • Products & Services
  • Wooden doors
  • Other wooden builders' joinery and carpentry
  • Custom-made built-in wooden furniture
  • Wooden roof trusses
  • Wooden wall and window frames
  • Chart: Wooden Structural Component Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential construction sector
  • Non-residential construction sector
  • Wholesale sector
  • Retail sector
  • Other industries and sectors
  • Chart: Major Market Segmentation for the Wooden Structural Component Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Wooden Structural Component Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wooden Structural Component Manufacturing Industry

  • Industry Globalization
    JELD-WEN Australia Pty Limited,
  • Table: JELD-WEN Australia Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wooden Structural Component Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wooden Structural Component Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • This wood is sourced from broadleaf trees, and is used for flooring, building products and fine paper.
  • Lvl
  • Laminated veneer lumber is an engineered wood product that is comparable to concrete, steel and timber in strength, and is used for structural components.
  • Resawing
  • The recutting of sawn wood and logs into final wood products.
  • Softwood
  • This wood is sourced from coniferous trees such as pine, and is used for furniture, building supplies, newsprint and cardboard.
  • What Our Customers Say

    Why buy this report?

    The Wooden Structural Component Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
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    This report on Wooden Structural Component Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wooden Structural Component Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wooden Structural Component Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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