Home Improvement Market size to reach a value of US$ 11.72 Billion

Home Improvement Market

The 𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 is anticipated to reach US$ 11.72 Bn by 2030 from US$ 8.67 Bn in 2023 at a CAGR of 4.4% during a forecast period.

𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The home improvement market is undergoing significant growth due to shifting consumer preferences toward energy-efficient and luxurious living spaces. Factors such as rapid urbanization, government incentives for green construction, and technological advancements in home systems have driven this market forward. Additionally, the integration of e-commerce platforms has simplified the process of acquiring renovation materials and components, making home improvement projects more accessible to a broader audience. As a result, the market has seen steady expansion, with urban areas acting as primary growth catalysts.

𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐭𝐡𝐞 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐅𝐢𝐫𝐬𝐭𝐡𝐚𝐧𝐝 – 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞: 

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:

The home improvement market is propelled by a growing demand for smart home technologies, including integrated control systems for lighting, security, and climate management. Rising interest in outdoor enhancements, such as garden upgrades and exterior replacements, is another key driver. High mortgage rates and escalating new home prices have encouraged many homeowners to invest in improving their current properties rather than purchasing new ones. Furthermore, the DIY trend, which offers both cost savings and creative satisfaction, continues to gain momentum among consumers.

𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Smart home technologies are a dominant trend, with homeowners increasingly adopting devices such as motion-sensing faucets, one-touch chillers, and energy-efficient appliances. Online channels for purchasing renovation materials are rapidly gaining popularity, reflecting the growing role of e-commerce in the sector. Additionally, the preference for sustainable and aesthetically pleasing designs, including eco-friendly materials and modern finishes, is reshaping the market. The use of smart infrastructure and IoT-enabled devices has also revolutionized home renovation projects, offering seamless connectivity and enhanced functionality.

𝐇𝐚𝐯𝐞 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬? 𝐖𝐞’𝐫𝐞 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐇𝐞𝐥𝐩 – 𝐀𝐬𝐤 𝐍𝐨𝐰:

𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The post-COVID-19 landscape has presented lucrative opportunities for market players, driven by heightened consumer focus on home upgrades. The popularity of energy-efficient solutions, innovative designs, and modular furniture offers significant growth potential. Expanding urbanization and increasing disposable incomes in emerging markets provide a ripe opportunity for industry growth. Additionally, digital tools that enhance the renovation experience, such as virtual design platforms and augmented reality apps, have created new avenues for engagement and innovation.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭?

North America dominates the home improvement market, fueled by substantial consumer spending on renovations and modern home features. Europe follows closely, with a focus on energy-saving technologies and smart infrastructure in urban areas. Latin America is the fastest-growing region, driven by a rise in coordinated sanitary designs and conceptual renovations. The Middle East and Africa also showcase steady growth due to increasing investments in residential developments and a growing interest in home décor. Meanwhile, the Asia-Pacific region benefits from rapid urbanization and expanding e-commerce channels, making it a key area for market expansion.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐓𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐘𝐨𝐮 𝐁𝐮𝐲? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐇𝐞𝐫𝐞:

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:

by Project

DIY

DIFM

by Application

Online Marketing

Offline Marketing

by End-use

Kitchen Improvement & Additions

Bath Improvement & Additions

Exterior Replacements

Interior Replacements

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐇𝐨𝐦𝐞 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. Belfor

2. Coit Services, Inc.

3. Crane Renovation Group

4. DKI Ventures, LLC

5. FirstService Corporation

6. Mr. Handyman

7. Power Home Remodeling Group, LLC

8. Rainbow Restoration

9. Servpro

10. Venturi Restoration

11. Pella Corporation

12. Kohler

13. ABC Supply Co.

14. Neil Kelly Company

15. Henkel Corporation

16. American Exteriors

17. Lutron Electronics

18. Dreamstyle Remodeling

19. Steves and Sons Roxul

20. Builders FirstSource

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape

Home Improvement Market Size, Share, Size & Forecast by different segment

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region

Home Improvement Market Segmentation – A detailed analysis by Product

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of business by region

Lucrative business opportunities with SWOT analysis

Recommendations

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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