Home Improvement Market to 2025 insights including key players like Vigoro, Husky, HDX, Home Decorators Collection, Glacier Bay and Hampton Bay

A concise assortment of data on ‘Home Improvement market’ by Market Study Report, LLC, offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor’s analysis in addition to highlighting growth strategies embraced by market leaders.

North America home improvement market will grow significantly owing to the high spending among the consumers on renovations and remodeling in the houses particularly on system upgrades, interior and exterior alterations. Factors including surge in the new houses sales, minimal loan interest rates and higher future mortgage rates will escalate product demand. Additionally, presence of large manufacturers and retailers has led to increase in the number of DIY projects across the region.

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Real estate industry expansion coupled with increasing disposable income among the consumers in the developing countries including India, Brazil, Indonesia, Mexico etc. are driving the home improvement market. Increasing spending on home improvement projects owing to inclination towards installation of modern household products having attractive and appealing finishing is expected to further support the business growth. Factors such as decreased willingness of the young generation consumers coupled with aging population across the developed markets in both North America and Europe will fuel the product demand across the DIFM segment.

Kitchen improvement & additions is expected to register CAGR of over 6% up to 2025. Rise in the number of residential remodeling and replacement projects across both developed and emerging countries coupled with growing demand for quartz countertops, cabinets having streamlined textures, designs having an effective storage solution cabinetry will drive the segment growth. Over the past few years there has been rapid rise in the demand for small efficient kitchen appliances such as 60-inch fridge, 18-inch dishwasher, combo microwave/convection oven and touch-activated faucets.

DIY segment dominated the home improvement market and accounted for over 50% of the overall demand in 2018. Aspects such as increasing count of DIY stores along with easy availability of DIY equipment’s, appliances and tool over the online platform will contribute towards the growth of segment, thereby fueling the product demand. Industry participants are actively capitalizing on R&D activities to increase their product assortment and innovation levels in terms of value addition, quality enhancement, value for money and product portability in order to combat the stiff competition from other industry rivals. For instance, Home Depot has been operational in the market with multiple brands including as Vigoro, Husky, HDX, Home Decorators Collection, Glacier Bay and Hampton Bay.

Rapid rise in the urbanization rate coupled with increase in the penetration on ecommerce channels offering huge discounts for attracting the millennials will contribute significantly towards the market expansion up to 2025. Increasing occurrences of natural disasters along with drastic changes in the temperature is expected to increase the product adoption rate across the polar and subtropical regions. Rapid technological advancements in the home improvement industry has pushed the manufacturers towards development of highly innovative products by utilizing smart automation system.

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Few key players in the home improvement industry include Anderson Corporation, The Home Depot, Pella Corporation, Henkel Corporation, Steves and Sons, Inc., Kingfisher plc and AARP American Exteriors, LLC. Mergers, capacity expansions, acquisitions, product innovations and joint ventures are few key strategies adopted by the vendors for expanding and building their business. For instance, in May 2018, Anderson Corporation announced to expand its window extrusion factory in the U.S. by 60,000 square feet with an investment worth USD 40 million to cater the growing demand for its product from the North American region.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Home Improvement Industry Insights
Chapter 4. Home Improvement Market, By Project
Chapter 5. Home Improvement Market, By End Use
Chapter 6. Home Improvement Market, By Region
Chapter 7. Company Profiles

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