The value-added of millwork in Canada was estimated at approximately 2.365 billion Canadian dollars in 2023. The forecast data shows a steady year-on-year growth from 2024 through 2028, with the value increasing from 2.4468 billion to 2.7672 billion Canadian dollars. The compound annual growth rate (CAGR) over this period is indicative of consistent expansion in the sector.
Future trends to watch for include technological advancements in millwork production, increasing sustainability standards, and shifts in construction demands. These factors may further influence growth, driving demand and possibly introducing new competitive dynamics within the industry.
