Press release
Home Improvement Market is anticipated to reach US$ 11.72 Bn by 2030 from US$ 8.67 Bn in 2023 at a CAGR of 4.4% during a forecast period.
Home Improvement Market
Home Improvement Market Overview:
The Home Improvement Market is experiencing substantial growth, propelled by factors such as rapid urbanization, rising consumer preferences for modernized living spaces, and significant government incentives. The market's expansion is further bolstered by the growing popularity of e-commerce, which offers consumers access to a wide range of technologically advanced home improvement solutions.
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Drivers in the Home Improvement Market :
Energy-Efficient and Luxury Preferences: Homeowners are increasingly prioritizing energy efficiency and luxurious living spaces, which has spurred market growth.
Government Incentives: Tax credits and incentives for green building initiatives are playing a crucial role in driving the market.
Technological Advancements: The rise of smart home technologies and integrated home control systems is enhancing accessibility, convenience, and security, making them a popular choice among consumers.
Home Improvement Market Trends:
Smart Home Technologies: The integration of IoT in home improvement is leading to the widespread adoption of smart home systems, allowing users to control various aspects of their homes from a single touch screen panel.
DIY Home Improvement: The DIY segment is gaining traction, driven by the convenience and cost-effectiveness it offers, along with the satisfaction of personalizing home projects.
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Home Improvement Market Opportunities:
Post-pandemic, the Home Improvement Market is expected to present lucrative opportunities, especially with the growing trend of online sales for home renovation products. The convenience of purchasing home improvement materials online and having them delivered directly to the site is becoming increasingly popular, paving the way for further market growth.
What is Home Improvement Market Regional Insight?
North America: Leading the market with the highest expenditure on home improvement projects, North America is set to maintain its dominance through 2030.
Latin America: Projected to be the fastest-growing region, with a strong CAGR of 5.2%, driven by the increasing popularity of modern sanitary products and bathroom fittings.
Europe: With a focus on smart infrastructure and energy-saving technologies, Europe is positioned as the second-largest market.
Middle East and Africa: Expected to see steady growth, supported by rising housing prices and a growing interest in upgrading home dรฉcor in the region.
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Segmentation Analysis of the Home Improvement Market
by Project
DIY
DIFM
by Application
Online Marketing
Offline Marketing
Who is the largest manufacturers of Home Improvement Market worldwide?
1. Belfor
2. Coit Services, Inc.
3. Crane Renovation Group
4. DKI Ventures, LLC
5. FirstService Corporation
6. Mr. Handyman
7. Power Home Remodeling Group, LLC
8. Rainbow Restoration
9. Servpro
10. Venturi Restoration
11. Pella Corporation
12. Kohler
13. ABC Supply Co.
14. Neil Kelly Company
15. Henkel Corporation
16. American Exteriors
17. Lutron Electronics
18. Dreamstyle Remodeling
19. Steves and Sons Rox
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Key Offerings:
Past Market Size and Competitive Landscape
Home Improvement Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Home Improvement Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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