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From stairs to custom cabinets and from multi-purpose crown molding to wainscoting, utilizing millwork and custom woodworking is an excellent way to add functionality and personality to almost any space.
The largest purchasers of millwork products include residential and commercial building contractors, wholesalers and retail outlets. Residential construction accounts for about 90% of overall millwork sales, with projects evenly split between new construction and remodels.
Let’s take a closer look at a few of the benefits of custom millwork for residential and commercial customers alike, as well as trends affecting the millwork industry, including competition and customer preferences.
There are many ways in which custom woodworking products, whether in commercial, restoration, or decorative types of millwork, add value to a wide variety of properties, from traditional single–family homes to modern office buildings.
A popular aspect in today’s residential and commercial projects is the need for custom millwork products that not only look beautiful, but also accommodate technology needs. Other trends are also affecting residential and commercial preferences include(:).
With revenues of $27 billion and an average yearly growth of 1.5% between 2013 and 2018, millwork companies and firms must stay attuned to their competition, technological advancements and other factors that will continue to influence the market for wood-based architectural products for doors, windows, stair railings and more.
Millwork products and services have benefitted from favorable economic trends in recent years but also face headwinds from various sources of competition.
Key continued-success factors for firms in the millwork industry include access to highly–skilled workers and maintaining regular contacts with key decision makers in all markets served.
If you are looking for professional woodworking and millwork fixtures for your next build or renovation, Mid-City Lumber offers a wide selection of high-quality custom millwork products from doors, to stair rails and more, from a number of reputable suppliers such as Goods Millwork and WM Coffman.
Contact us today and our team of professional design experts in Columbia, Boonville, Jefferson City or Sedalia, MO will help you select the right materials for your project and provide the service you need to get the job done.