Press release
Remodeling Market Forecast to 2024 | Anderson Corporation, Ferguson Enterprises, Builders FirstSource, ABC Supply, Dow Building Solutions, Hanley Wood, LLC, Kohler Co., Lutron Electronics, Masco Corpora
Remodeling Market 2018 - 2024
North America remodeling market revenue was registered over 800 billion in 2017. Design innovations along with large disposable incomes & highest consumer spending are primary drivers for the expanding services demand in the region. Extreme climatic variations accompanied by frequent disasters support the market development in the region. Increasing necessity to improve the employee productivity and reduce energy expenses will propel the services adoption in the commercial segment.
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Lower lending rates along with design innovations will primarily drive the global remodeling market growth. Increasing private infrastructural investments along with favorable government conditions offering tax concessions on home loans will enhance the services demand. Expanding tourism sector along with technological innovations particularly in Asia Pacific and Europe will boost the business advancement.
High intensity of natural calamities particularly in China and Japan display high scope for disaster repair remodeling services. Extreme climatic variations majorly in North America and Europe show strong potential for services related to snow removal and property improvement. Requirement among the aged population to live in a peaceful house environment after their retirement will generate high investments in porch and gardens particularly in developed nations.
Residential remodeling market is expected to witness a CAGR of over 4% during the forecast period 2018 to 2024. Higher count of house gatherings along with rising consumer spending in developing economies will enhance the application market. Technological advancements providing better energy efficiency, enhanced designs, and highly durable materials along with need to increase the house security will drive the business growth globally. Increasing real estate prices in highly populated cities accompanied by the need for improved house space and design will support the services penetration.
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Commercial remodeling is expected to account for over USD 2 trillion by 2024. Necessity to reduce the fixed costs particularly electricity expenses along with providing a better environment to work in corporate offices will surge the business expansion. Trend towards transforming the office into eco-friendly to improve employee health, working conditions along with the benefit of social marketing for the company.
The key industry players in the global remodeling market share include GAF Materials Corporation, JELD-WEN, Andersen Corporation, ABC Supply, Builders First Source, the Home Depot, Dow Building Solutions, Hanley Wood LLC, Ferguson Enterprises, and Fortune Brands Home & Security. Other prominent players in the industry are Lutron Electronics, Kohler Co., Masco Corporation, Move Inc., USG Corporation, National Gypsum Company, Oldcastle Building Products, Owens Corning, Pella Corporation, Ply Gem Industries Inc., ProBuild Inc., The Sherwin-Williams Company, and Mergers & acquisitions are among the key strategies adopted by the service providers to expand their product portfolio and gain market share. For instance, Norcraft companies was acquired by Fortune Brands Home and Security to expand their product portfolio in the residential segment.
Table of Content:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Remodeling market 360 degree synopsis, 2013 -2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Process trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Remodeling Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Service providers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.3.5.1. Role
3.3.5.2. Product portfolio
3.3.5.3. Global presence
3.4. Technology landscape
3.5. Consumer buying behaviour
3.5.1. Unmet needs
3.5.2. Social & cultural impact forces
3.5.3. Information search
3.5.4. Evaluation of alternatives
3.5.5. Purchase decision
3.5.6. Post purchase behaviour
3.6. Raw material analysis
3.7. Global construction outlook 2018-2024
3.7.1. Upcoming projects and investments
3.7.1.1. Residential
3.7.1.2. Commercial
3.8. Industry best practices & key buying criteria
3.9. Regulatory landscape, by region
3.9.1.1. North America
3.9.1.2. Europe
3.9.1.3. Asia Pacific
3.9.1.4. Latin America
3.9.1.5. MEA
3.10. Pricing analysis
3.10.1. Regional pricing
3.10.1.1. North America
3.10.1.2. Europe
3.10.1.3. Asia Pacific
3.10.1.4. Latin America
3.10.1.5. MEA
3.10.2. Cost structure analysis
3.11. Industry impact forces
3.11.1. Growth drivers, by region
3.11.1.1. North America
3.11.1.2. Europe
3.11.1.3. Asia Pacific
3.11.1.4. Latin America
3.11.1.5. MEA
3.11.2. Industry pitfalls & challenges
3.12. Innovation & sustainability
3.13. Growth potential analysis, 2017
3.14. Competitive landscape, 2017
3.14.1. Top players overview
3.14.2. Brand analysis
3.14.3. Key stake holders
3.14.4. Strategy dashboard
3.15. Porter's analysis
3.16. PESTEL analysis
Chapter 4. Remodeling Market, By End-Use
4.1. Global cross-linked polyethylene market share by end-use, 2016 & 2024
4.2. Residential
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.2.3. Interior addition & alterations
4.2.3.1. Kitchen
4.2.3.1.1. Market estimates and forecast, 2013 - 2024
4.2.3.1.2. Market estimates and forecast, by region, 2013-2024
4.2.3.2. Bath
4.2.3.2.1. Market estimates and forecast, 2013 - 2024
4.2.3.2.2. Market estimates and forecast, by region, 2013-2024
4.2.3.3. Other room
4.2.3.3.1. Market estimates and forecast, 2013 - 2024
4.2.3.3.2. Market estimates and forecast, by region, 2013-2024
4.2.4. Exterior addition and alterations
4.2.4.1.1. Market estimates and forecast, 2013 - 2024
4.2.4.1.2. Market estimates and forecast, by region, 2013-2024
4.2.4.2. Porch, garden, and garage
4.2.4.2.1. Market estimates and forecast, 2013 - 2024
4.2.4.2.2. Market estimates and forecast, by region, 2013-2024
4.2.5. Others
4.2.5.1. Market estimates and forecast, 2013 - 2024
4.2.5.2. Market estimates and forecast, by region, 2013-2024
4.2.5.3. System & equipment
4.2.5.3.1. Market estimates and forecast, 2013 - 2024
4.2.5.3.2. Market estimates and forecast, by region, 2013-2024
4.2.5.4. Disaster repair
4.2.5.4.1. Market estimates and forecast, 2013 - 2024
4.2.5.4.2. Market estimates and forecast, by region, 2013-2024
4.2.5.5. Property improvement
4.2.5.5.1. Market estimates and forecast, 2013 - 2024
4.2.5.5.2. Market estimates and forecast, by region, 2013-2024
4.3. Commercial
4.3.1. Office space renovation
4.3.1.1. Market estimates and forecast, 2013 - 2024
4.3.1.2. Market estimates and forecast, by region, 2013-2024
4.3.2. Retail space renovation
4.3.2.1. Market estimates and forecast, 2013 - 2024
4.3.2.2. Market estimates and forecast, by region, 2013-2024
4.3.3. Hotel remodeling
4.3.3.1. Market estimates and forecast, 2013 - 2024
4.3.3.2. Market estimates and forecast, by region, 2013-2024
4.3.4. Restaurant renovation & remodeling
4.3.4.1. Market estimates and forecast, 2013 - 2024
4.3.4.2. Market estimates and forecast, by region, 2013-2024
4.3.5. Snow removal
4.3.5.1. Market estimates and forecast, 2013 - 2024
4.3.5.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Remodeling Market, By Region
5.1. Global cross-linked polyethylene market share by region, 2016 & 2024
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