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Home Improvement Services Market Report 2023 - Market Size, Growth Rate, Major Drivers And Key Trends | Belfor, Coit Services Inc., Crane Renovation Group, DKI Ventures LLC, FirstService Corporation
Home Improvement Services Global Market Report
The Business Research Company's Home Improvement Services Global Market Report 2023 identifies the Increasing demand for remodeling homes is expected to propel the growth of the home improvement services market going forward. Home remodeling refers to the renovation of real estate. This involves making alterations or enhancements to a house or other real estate. In addition to upgrading residential buildings, house upgrades can also relate to renovating commercial and company assets.
The global home improvement services market is expected to grow from $324.87 billion in 2022 to $343.80 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global home improvement services market is expected to grow to $423.98 billion in 2027 at a CAGR of 5.4%.
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Major players in the home improvement services market are Belfor, Coit Services Inc., Crane Renovation Group, DKI Ventures LLC, FirstService Corporation, Mr. Handyman, Power Home Remodeling Group LLC, Rainbow International Restoration, Venturi Restoration, Servpro, Neil Kelly Company, Henkel Corporation, American Exteriors, Dreamstyle Remodeling, and Steves and Sons Inc.
A key trend in the Home Improvement Services market includes the Technological innovations are a key trend gaining popularity in the home improvement services market. Modern computer-based technologies have inspired homeowners to make improvements to their homes, such as visualization apps and 3D software. Manufacturers are concentrating on launching innovative products like windows and doors that open quickly and effortlessly. Such innovation enable key players to gain a competitive edge in the market.
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The Home Improvement Services market is segmented -
1) By Type: Kitchen Renovation and Addition, Bathroom Renovation and Addition, Exterior and Interior Replacements, System Upgrades, Other Types
2) By City Type: Metro Cities, Other Non-Metro Cities and Towns
3) By Buyers Age: Under 35, 35-54, 55-64, Above 65
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Home Improvement Services market.
The Business Research Company's "Global Home Improvement Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Home Improvement Services Market Include:
1. Executive Summary
2. Home Improvement Services Market Characteristics
3. Home Improvement Services Market Trends And Strategies
4. Home Improvement Services Market - Macro Economic Scenario
5. Home Improvement Services Market Size And Growth
……
27. Home Improvement Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Improvement Services Market
29. Home Improvement Services Market Future Outlook and Potential Analysis
30. Appendix
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