Key Projections on Home Improvement Spending Market Growth Overview and Estimates Market Size by 2022

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 FactMR, provides in-depth analysis of the global home improvement spending market for the forecast period 2017-2022, and offers key insights about future market direction.

Home improvement spending is the process of investing in renovation of one’s home. Usually, a professional handyman performs the improvements, however most of the improvement activities are done by homeowners on the basis of “DIY” (do it yourself). Several major retailers, including Lowe’s and Home Depot, host classes for educating consumers on how they can perform the renovation, or, remodeling work themselves.

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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.

Key Takeaways from FactMR’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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Table Of Content:

Global Home Improvement Spending Market – Executive Summary
Global Home Improvement Spending Market Overview
2.1. Introduction
2.1.1. Global Home Improvement Spending Market Taxonomy
2.1.2. Global Home Improvement Spending Market Definition
2.2. Global Home Improvement Spending Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Home Improvement Spending Market Y-o-Y Growth
2.3. Global Home Improvement Spending Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Manufacturing Cost
2.6. List of Distributors
2.7. Average Pricing Analysis
2.8. Regulations
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Home Improvement Spending Market Analysis and Forecast By Product
3.1. Global Home Improvement Spending Market Size and Forecast By Product, 2012-2022
3.1.1. Roofing Home Improvement Spending Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Kitchen Remodeling Home Improvement Spending Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Flooring Home Improvement Spending Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Heating, Ventilation, and Air Conditioning Home Improvement Spending Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region

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