Global Builders Joinery And Carpentry Of Wood Market Report 2024, Forecast To 2033

The builders joinery and carpentry of wood market size has grown strongly in recent years. It will grow from $68.82 billion in 2023 to $72.56 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increasing export promotion and trade agreements, government support for vocational training and apprenticeship programs, tax incentives for sustainable practices, awareness of cultural and architectural heritage preservation, and rising disposable income and homeownership. The builders joinery and carpentry of wood market size is expected to see strong growth in the next few years. It will grow to $90.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing research and development funding, increasing green building initiatives, moving attention towards luxury, emerging economies, and rising renovation and re-modeling activities in the residential and commercial sectors. Major trends in the forecast period include automation in production, the development of bespoke woodwork, smart technology integration, the development of advanced wood finishing techniques, and the integration of 3D printing in joinery.