Home Remodeling Market Growth, Opportunity and Forecast 2030 | Grows at a CAGR of 4.3% by AMR

Innovations in computer-based technologies such as visualization applications, 3D rendering software, and similar advancements are key drivers fueling the expansion of the global home remodeling market. Nevertheless, increased expenditure on remodeling endeavors by homeowners is poised to generate lucrative prospects within the industry.

The home remodeling market size was valued at $852.10 billion in 2020, and is estimated to reach $1,317.50 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Commonly observed types of home remodeling projects are DIY (Do It Yourself) and Contractor. Among these, the project type, the professional segment accounted for the highest market share in 2020, owing to requirement of skilled labor. The market is analyzed with respect to different applications of home remodeling such as windows & doors, kitchen & bathroom, floor & roof, walls and others. The market is mainly driven by rise in remodeling activities of the old buildings.

Download Sample PDF (227 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/8233

The global home remodeling market is assessed across various parameters including project type, distribution channel, application, and region.

In terms of project type, the professional segment dominated with approximately three-fourths of the total market share in 2020, and is projected to maintain its dominance by 2030. Conversely, the DIY segment is anticipated to achieve the fastest Compound Annual Growth Rate (CAGR) of 4.7% throughout the forecast period.

Regarding distribution channel, the offline segment accounted for nearly four-fifths of the total market revenue in 2020, and is anticipated to continue leading by 2030. Conversely, the online segment is expected to demonstrate the highest CAGR of 4.8% during the forecast period.

Regionally, North America held the largest market share in 2020, capturing more than two-fifths of the global market. Meanwhile, the Asia-Pacific region is forecasted to exhibit the fastest CAGR of 5.3% throughout the forecast period.

Request Customization On Demands: https://www.alliedmarketresearch.com/request-for-customization/8233

Driving Factors:
The advancements in the computer-based technologies such as visualization apps, 3D rendering software, and other such technologies have positively influenced the growth in the home remodeling market. Such advancements have enabled the homeowners to easily visualize the intentions of the architects related to remodeling.

Moreover, home remodeling is done for many purposes, such as; to add new space or level in the house, making cosmetic changes inside & outside the buildings, adding new features to the buildings, and other changes meant for improving quality of life of the residents of buildings. This is possible due to availability of different types of products and options in the home remodeling market.

Furthermore, on the basis of application type, the demand for others segment is anticipated to grow rapidly, during the forecast period due to awareness regarding security and fire safety.

For instance, in January 2022, Pella Corporation, a leading manufacturer of windows and doors, unveiled its latest innovation the 'Hidden Screen'. This innovative design makes the screen appear when the window is opened and folds away when the window is closed. Pella is the first company to incorporate this feature in its vinyl windows.

Inquire Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/8233

Top Players:
Key companies profiled in the home remodeling market report include Andersen Corporation, Dow Inc., Industrie Cotto Possagno S.p.A, JELD-WEN, Kajaria Ceramics Ltd., Kohler Co., Lutron Electronics Co., Inc, Mohawk Industries, Inc., Pella Corporation and Seven Group Holdings Limited (Boral Limited).

KEY FINDINGS OF THE STUDY

The report provides an extensive analysis of the current and emerging home remodeling market trends and dynamics.
Depending on type, the ride-on mowers dominated the home remodeling market share, in terms of revenue in 2020 and the robotic mower segment is projected to grow at a significant CAGR during the home remodeling market forecast.
By end user, residential segment registered highest revenue in2020.
Asia-Pacific is projected to register highest growth rate in the coming years.
The key players within the home remodeling market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the home remodeling industry.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth home remodeling market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

Contact Us:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Read More: https://medium.com/me/stories/public

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.