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Home › Industry Metrics › NAICS 23835

NAICS 23835 - Finish Carpentry Contractors

NAICS 23835 - FINISH CARPENTRY CONTRACTORS
NAICS 23831 Drywall and Insulation Contractors NAICS 23832 Painting and Wall Covering Contractors NAICS 23833 Flooring Contractors NAICS 23834 Tile and Terrazzo Contractors NAICS 23835 Finish Carpentry Contractors NAICS 23839 Other Building Finishing Contractors
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This industry comprises establishments primarily engaged in finish carpentry work. The work performed may include new work, additions, alterations, maintenance, and repairs.

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This industry comprises establishments primarily engaged in finish carpentry work.

The work performed may include new work, additions, alterations, maintenance, and repairs.

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NAICS 23 Construction
NAICS 238 Specialty Trade Contractors
NAICS 2383 Building Finishing Contractors
NAICS 23835 Finish Carpentry Contractors
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Industry trends

The Finish Carpentry Contractors industry, categorized under NAICS 23835, has been experiencing several notable qualitative trends. A key trend is the growing emphasis on sustainability and eco-friendly materials. Consumers and builders alike are increasingly prioritizing the use of reclaimed wood, low-VOC finishes, and other environmentally responsible options, which is prompting contractors to pivot towards greener practices. Furthermore, there is a rising demand for custom cabinetry and bespoke woodwork, driven by homeowners seeking unique, personalized touches in interior design.

Technological advancements are also playing a significant role. The adoption of 3D modeling software and CNC (computer numerical control) machinery is enhancing precision and efficiency in carpentry projects. These technologies are enabling contractors to offer more complex and intricate designs while reducing waste and labor costs. Moreover, the use of virtual reality (VR) and augmented reality (AR) for project visualization is becoming more commonplace, improving client engagement and satisfaction.

Looking ahead, the near future suggests a continued trend towards the integration of smart home technologies. Finish carpentry contractors will likely see an increase in projects involving built-in smart home devices, such as automated cabinets and integrated lighting systems. Additionally, as the housing market remains robust, particularly in renovations and home improvements, the demand for high-quality finish carpentry is expected to remain strong. Contractors who can adapt by offering superior craftsmanship, innovative designs, and sustainable practices will be well-positioned to thrive in this evolving landscape.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 6%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 92%

Loan Failure Rate 10%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 73%

Total Companies in this Industry 489
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Explore related industries

  • NAICS 23835 Finish Carpentry Contractors
  • NAICS 238350 Aluminum door and window, residential-type, installation
  • NAICS 238350 Built-in wood cabinets constructed on site
  • NAICS 238350 Cabinet work performed at the construction site
  • View all related industries

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