The forecast for millwork revenue in Canada shows a steady growth trajectory from 2024 to 2028, with the value increasing annually. In 2023, the actual revenue was slightly below the forecasted figures for subsequent years. Year-on-year growth rates are consistent, maintaining a rising trend. Over the five-year period, the compound annual growth rate (CAGR) is expected to reflect moderate growth, highlighting a stable market.

Future trends to watch for include:

The potential impact of technological advancements on production efficiency and cost.
Changes in consumer preferences towards sustainable and eco-friendly millwork materials.
The influence of housing market dynamics on demand for millwork products.