Press release
Home Improvement Market Size | Industry Trends 2023-2029
View the detailed report description here https://www.precisionbusinessinsights.com/market-reports/home-improvement-market
The global home improvement market segmentation:
1) By Type: Kitchen Renovation & Addition, Bathroom Renovation & Addition, Exterior & Interior Replacements, System Upgrades, and Others
2) By Buyers Age: Under 35, 35-54, 55-64 and Above 65
3) By City Type: Metro Cities and Other Non-Metro Cities & Towns
The most anticipated segment in the home improvement market is the kitchen and bathroom remodelling segment. Kitchen and bathroom renovations are popular among homeowners due to their potential to significantly enhance the functionality, aesthetics, and value of a home. These spaces are considered focal points and investment areas, with homeowners seeking modern designs, updated appliances, efficient storage solutions, and luxurious fixtures to create their ideal living spaces.
Asia Pacific Leads the Global Home Improvement Market.
Asia Pacific, the Home Improvement market holds a market share of 31.3% in 2022 and the market is expected to grow at a significant CAGR during the forecast period due to government initiatives promoting affordable housing and sustainable construction practices also contribute to the growth of the home improvement market in the region. Policies aimed at energy efficiency, green building standards, and renovation subsidies incentivize homeowners to invest in home improvement projects.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
The Home Improvement market further reveals that the key players increasingly adopting strategies such as the launch of newer products, frequent product approvals, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region.
In March 2023, The Home Depot launches a new home improvement blog: The Home Depot launched a new home improvement blog called The Home Depot Blog. The blog features articles on a variety of home improvement topics, including DIY projects, home design, and home maintenance. In April 2023, Lowe's launches a new home improvement podcast: In April 2023, Lowe's launched a new home improvement podcast called Lowe's Talk. The podcast features interviews with home improvement experts, DIY tips, and product reviews.
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Key players' profiles in the Home Improvement Market report are Sherwin-Williams Company, DuPont de Nemours, Watsco, Inc., Robert Bowden, ABC Supply Co., Neil Kelly Company, Henkel Corporation, Andersen Corporation, The Home Depot, American Exteriors.
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