|05-24-2018 01:41 PM CET - Industry, Real Estate & Construction||
Key Projections on Home Improvement Spending Market indicating Industry Size, Demand, Trends and Forecast till 2022
Press release from: Fact.MR
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth ofHome Improvement Spending Market. The study is titled as “Home Improvement SpendingMarket Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of (). For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global home improvement spending market.
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The global home improvement spending market is expected to witness a sustained momentum in the upcoming years. The huge millennial generation is estimated to shape the market’s future. This report, compiled by Fact.MR, provides in-depth analysis of the global home improvement spending marketfor the forecast period 2017-2022, and offers key insights about future market direction. The scope of Fact.MR’s report is to analyze the global home improvement spending market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Home improvement spending manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to home improvement spending.
Departmental Stores to Remain the Largest Distribution Channel in the Market
Accounting for over one-fourth revenue share of the market during 2017 to 2022, departmental stores will continue to be the largest distribution channel for home improvement spending products. Franchise stores, and Homeware stores will collectively account for nearly half revenue share of the market, with the former being more lucrative than the latter during the forecast period.
On the basis of product, roofing will remain dominant in the global home improvement spending market, in terms of revenues. Disaster repairs, and heating, ventilation & air conditioning product segments are estimated to reflect a parallel expansion at 5.7% CAGR through 2022. In addition, bathroom remodeling, and room additions segments are expected to exhibit the fastest expansion through 2022.
In terms of revenues, Europe will remain the largest market for home improvement spending, with sales projected to surpass US$ 700,000 Mn in revenues by 2022-end. Asia-Pacific excluding Japan (APEJ) is anticipated to be the second most lucrative market for home improvement spending. The market in North America will register the fastest expansion over the forecast period.
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Key Takeaways from Fact.MR’s Report on Home Improvement Spending Market
1. Europe will continue to be the most lucrative region for growth of the home improvement spending market, in terms of revenues. Revenues from the market in this region is poised to exceed US$ 700,000 Mn by 2022-end.
2. Asia-Pacific excluding Japan (APEJ) will remain the second largest market for home improvement spending throughout the forecast period.
3. North America is expected to witness the fastest expansion in the global market through 2022.
4. In terms of revenues, Roofing is expected to remain the dominant product segment in the global market for home improvement spending.
5. Room Additions, and bathroom remodeling are estimated to register the highest CAGRs in the market through 2022.
6. Heating, ventilation, & air conditioning, and disaster repairs are anticipated to exhibit steady expansion at similar CAGRs through 2022.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods Marketresearch reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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This release was published on openPR.
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