Home Improvement Market size to reach a value of US$ 11.72 Billion
Home Improvement Market
The ๐๐จ๐ฆ๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ 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.
๐๐จ๐ฆ๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
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.
๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐ ๐ญ๐ก๐ ๐๐ฎ๐๐ฅ๐ข๐ญ๐ฒ ๐ ๐ข๐ซ๐ฌ๐ญ๐ก๐๐ง๐ – ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐: ๏ปฟ
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฆ๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ:
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.
๐๐จ๐ฆ๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
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.
๐๐๐ฏ๐ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ? ๐๐’๐ซ๐ ๐๐๐๐๐ฒ ๐ญ๐จ ๐๐๐ฅ๐ฉ – ๐๐ฌ๐ค ๐๐จ๐ฐ:
๐๐จ๐ฆ๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
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.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐จ๐ฆ๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ?
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 dรฉcor. Meanwhile, the Asia-Pacific region benefits from rapid urbanization and expanding e-commerce channels, making it a key area for market expansion.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐จ๐ฎ ๐๐ฎ๐ฒ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ซ๐:
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ:
by Project
DIY
DIFM
by Application
Online Marketing
Offline Marketing
by End-use
Kitchen Improvement & Additions
Bath Improvement & Additions
Exterior Replacements
Interior Replacements
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐จ๐ฆ๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
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
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
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
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