Home Improvement Market: is anticipated to reach US$ 11.23 Bn by 2029 from US$ 8.31 Bn in 2022 at a CAGR of 4.4% during a forecast period.
Home Improvement Market Overview:
Maximize Market Research’s new report, Global Home Improvement Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Home Improvement market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Home Improvement market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Home Improvement market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
by Project
DIY
DIFM
According to Project, the DIY home improvement industry was valued at USD 290 billion in 2022, and through 2029, it is anticipated to increase at a CAGR of 4.5 percent. The rapid expansion of e-commerce sales channels has increased the demand for DIY home repair solutions. Since DIY offers for cost savings, satisfaction, and customization of projects, the majority of customers choose it. These initiatives only involve end users; no additional third parties are involved. The availability of psychological advantages that foster social connection, the evolution of multiple abilities, high adaptability, and effective resource usage are anticipated to improve the segment’s expansion.
by Application
Online Marketing
Offline Marketing
by End-use
Kitchen Improvement & Additions
Bath Improvement & Additions
Exterior Replacements
Interior Replacements
During the projection period, the exterior replacements end-use category is anticipated to contribute for more than 19% of global consumption. This market category is anticipated to dominate the whole home improvement market due to changing customer attitudes towards outdoor leisure activities. The outside has been upgraded with freshly painted walls, modernised windows and doors, garden accents, and other changes. Along with enhancing the construction and function of the house, they also enhance its appearance. For instance, siding is a common exterior repair among homeowners because it enhances the look and aspect of their homes. The category is anticipated to advance due to consumer demand for polymer and vinyl sidings that resemble real wood grain.
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Key Players:
It then discusses the top competitors in the worldwide Home Improvement market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
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
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Regional Analysis:
The report has analyzed the global Home Improvement market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Home Improvement market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Home Improvement Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Home Improvement Market Report are:
- Which are the major companies in the Home Improvement market?
- Which is the potential market for Home Improvement in terms of the region?
- Which application area of Home Improvement is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Home Improvement market size by 2027?
- What are the growth prospects for the Home Improvement market?
- What is the base year considered in the Home Improvement market report?
- Which region holds the largest market share in the Home Improvement market?
- What factors are anticipated to drive the Home Improvement market?
