NEW
YORK, June 28, 2024 /PRNewswire/ -- The global
carpentry services market size is estimated to grow by USD 94.9 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of 5.63%
during the forecast period. Growing demand for on-demand carpentry
services is driving market growth, with a trend
towards increasing influence of digital media.
However, lack of a standard pricing model for carpentry
services poses a challenge. Key market players include Airtasker
Pty Ltd., Carpenter Lane, CarpentryWork.SG, Cedar Slate Home
Services, Colourful Interiors Pvt. Ltd., Dubai Carpenter, Home Reno Pte. Ltd.,
Houzz Inc., InterActiveCorp, MQ DESIGN and BUILDER, Neighborly Co.,
Nolan Painting Inc., PEDEMONTE WOODWORKING LLC, Premend Services,
Sarvaloka Services On Call Pvt. Ltd., The Home Depot Inc., The
ServiceMaster Co. LLC, Urbanclap Technologies India Pvt. Ltd.,
Woodfellas Carpentry and Joinery Ltd., and Woodfellas Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies - Click for the
snapshot of this report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Finish services
and Rough services), Application (Residential, Commercial, and
Industrial), and Geography (APAC, North America, Europe, South
America, and Middle East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Airtasker Pty Ltd.,
Carpenter Lane, CarpentryWork.SG, Cedar Slate Home Services,
Colourful Interiors Pvt. Ltd., Dubai Carpenter, Home Reno Pte.
Ltd., Houzz Inc., InterActiveCorp, MQ DESIGN and BUILDER,
Neighborly Co., Nolan Painting Inc., PEDEMONTE WOODWORKING LLC,
Premend Services, Sarvaloka Services On Call Pvt. Ltd., The Home
Depot Inc., The ServiceMaster Co. LLC, Urbanclap Technologies India
Pvt. Ltd., Woodfellas Carpentry and Joinery Ltd., and Woodfellas
Ltd.
|
Key Market Trends Fueling Growth
In today's digital age, carpentry service providers leverage
internet-enabled smartphones and digital media for marketing and
communication. Service visibility is crucial, and vendors use
various strategies like push messages and emails to promote new
launches and discounts. Social media platforms such as YouTube,
Facebook, Twitter, Instagram, and Google+ are utilized for consumer
engagement and awareness about new services. The growing popularity
of social media is anticipated to expand in emerging markets,
potentially boosting the global carpentry services market.
The carpentry services market is experiencing significant
growth, with a focus on customized solutions. Partners provide a
range of services, from simple repairs to complex projects.
Furniture manufacturing is a key trend, with many businesses
offering custom-made pieces. Sustainability is also a major
consideration, with many companies using eco-friendly materials and
techniques. The use of technology, such as CNC machines and 3D
modeling software, is increasing to improve efficiency and
accuracy. Additionally, the market is seeing an increase in demand
for restoration projects, particularly for older homes and
buildings. Overall, the carpentry services market is dynamic and
evolving to meet the changing needs of consumers.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global carpentry services market faces a significant
challenge due to the absence of a standardized pricing model. This
disparity in pricing leads to overcharging and discourages
consumers, potentially hindering market growth. Partnering with
service providers on common pricing platforms is difficult. The
lack of an effective pricing strategy may deter customers from
utilizing carpentry services, negatively impacting market expansion
during the forecast period.
- The carpentry services market faces several challenges.
Construction projects require a considerable amount of custom
woodwork, from cabinetry to flooring and beyond. However, finding
skilled carpenters and obtaining high-quality materials can be
difficult. Costs for labor and materials continue to rise, putting
pressure on businesses to maintain profitability. Additionally,
keeping up with technological advancements, such as CNC
machines and 3D modeling software, can be a challenge for smaller
carpentry businesses. Regardless, the demand for carpentry services
remains strong, making it essential for businesses to adapt and
innovate to meet customer needs and stay competitive.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This carpentry services market report extensively covers market
segmentation by
- Type
- 1.1 Finish services
- 1.2 Rough services
- Application
- 2.1 Residential
- 2.2 Commercial
- 2.3 Industrial
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Finish services- The carpentry services market
experiences growth due to the increasing construction of new homes
with stock cabinets and furniture requiring finish services. Design
trends favor customization and personalization, leading to demand
for flexible spaces and repeated decoration. Millennials' improved
standards of living and changing social environment drive the need
for luxury interior design services. Global economic expansion and
cultural influences also contribute to market growth. Key trends
include customization, personalization, and the popularity of
Indian, European, and Mediterranean styles.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Carpentry Services Market encompasses a wide range of
offerings, including Rough and Finish services for Commercial
Buildings. These services involve the creation of Wooden
Structures, Fixtures, and Cabinetry, as well as the installation of
Woodwork Elements. The market is witnessing an Increasing
Investment trend, driven by the demand for Functionality and
Appearance in Commercial Areas. Construction Trends favor the use
of sustainable materials, such as Cellular Wood Panels, and
innovative solutions, like French Windows with advanced Frames. The
industry also faces challenges from Supply Chain Disruptions and
the shift towards Electronics and alternative energy sources like
Fossil Fuels and Nuclear Energy. Despite these challenges,
Carpentry Services continue to play a vital role in Construction
projects, providing essential Framing and Finishing solutions.
Market Research Overview
The Carpentry Services Market encompasses a wide range of
construction and woodworking services. These services include the
design, construction, and installation of various structures made
from wood, such as doors, windows, cabinets, and furniture. The
market is driven by the growing demand for sustainable and
eco-friendly building solutions, as well as the increasing
popularity of home renovation projects. The use of advanced
technologies, such as Computer-Aided Design (CAD) and
Computer-Aided Manufacturing (CAM), has streamlined the carpentry
process, making it more efficient and cost-effective. Additionally,
the market is influenced by factors such as economic conditions,
consumer preferences, and government regulations. Overall, the
Carpentry Services Market is a dynamic and evolving industry that
continues to adapt to changing trends and customer needs.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Finish Services
- Rough Services
- Application
-
- Residential
- Commercial
- Industrial
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/carpentry-services-market-size-is-set-to-grow-by-usd-94-9-billion-from-2024-2028--growing-demand-for-on-demand-carpentry-services-to-boost-the-market-growth-technavio-302184955.html
SOURCE Technavio