The Residential Remodelers Global Market Report 2023, provides comprehensive information on the residential remodelers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global residential remodelers market size is expected to grow from $801.10 billion in 2022 to $827.28 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global residential remodelers market size is expected to reach $889.59 billion in 2027 at a CAGR of 1.8%.
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Technological advancements are a key trend gaining popularity in the residential remodeler market. Major companies operating in the residential remodeler market are focused on developing innovative solutions to strengthen their position in the market. For instance in December 2022, Eyrus Inc., a US-based software business, announced substantial platform enhancements with the launch of Eyrus Evolved, a full, end-to-end solution to assist general contractors make better decisions about progress, risk, and safety. The new technology features an easy-to-use, non-intrusive system that offers full workforce data and analytics in real-time via a Consolidated Workforce Database. Eyrus enables project teams to proactively adapt in dynamic project settings to favorably affect schedule, safety, and cost. The Eyrus platform decreases project administrative overhead by 25% by automating essential operations such as worker on boarding, project time keeping, and compliance reporting by integrating Construction IoT (Internet of Things) technology.
The residential remodelers market is segmented:
1) By Project: DIY (Do It Yourself), Professional
2) By Distribution Channel: Online, Offline
3) By Application: Flooring, Walls, Ceilings, Porches, Gardens, Garages, System And Equipment, Disaster Repair, Other Applications
North America was the largest region in the residential remodelers market in 2022.
The table of contents in TBRC’s residential remodelers market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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