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Unraveling the Growth of the Global Residential Remodelers Market: Size, CAGR, Drivers, and Trends

01-23-2025 01:34 PM CET | Industry, Real Estate & Construction

Press release from: The Business Research Company

Residential Remodelers Market

Residential Remodelers Market

Profiling the key drivers, industry players, market forecasts, and unique market trends influencing the global residential remodelers market.

What Is The Projected Market Size Of The Global Residential Remodelers Market And Its Growth Rate?

• The residential remodelers market size grew from $786.69 billion in 2024 to $804.37 billion in 2025, marking a compound annual growth rate (CAGR) of 2.2%
• Market growth in the historic period can be attributed to economic conditions and home equity, changing lifestyle trends, aging housing stock, real estate market dynamics, homeownership rates
• The residential remodelers market size is expected to witness a steady growth, swelling to $899.22 billion in 2029 at a compound annual growth rate (CAGR) of 2.8%
• The growth in the forecast period can be primarily credited to aging population and accessibility, sustainable and energy-efficient upgrades, growing technological integration in homes, home office and remote work trends, COVID-19 pandemic impact.

What Is Driving The Growth In The Residential Remodelers Market?

The surge in the construction sector is expected to significantly boost the growth of the residential remodelers market. The construction industry is engaged in the construction, alteration, and repair of structures such as houses, industries, highways, bridges, and other infrastructure. The growth in the building industry can positively influence the residential remodeling market as it leads to an increase in the number of new houses being built, which in turn, propels the demand for remodeling services. For instance, a recent statistical report published by the United States Census Bureau reveals that the total construction spending in the United States increased from $1.54 trillion in November 2020 to $1.84 trillion in November 2022, reflecting a 16.3% growth. Thus, the upswing in the construction sector is driving the expansion of the residential remodelers market.

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Who Are the Key Players Driving Residential Remodelers Market Growth?

• Andersen Corporation
• Dow Inc.
• Jeld-Wen Holdings Inc.
• Kohler Co.
• Pella Corporation
• Seven Group Holdings Limited
• Industrie Cotto Possagno S.p.A
• Lutron Electronics Inc.
• Mohawk Industries Inc.
• Masco Corporation
• Ferguson Enterprises Inc.
• Case Design/Remodeling Inc.
• Trex Company Inc.
• D.R. Horton Inc.
• Lennar Corporation
• PulteGroup Inc.
• NVR Inc.
• Taylor Morrison Home Corporation
• KB Home Inc.
• Meritage Homes Corporation
• Clayton Properties Group Inc.
• Century Communities Inc.
• LGI Homes Inc.
• Anywhere Remodeling
• Power Home Remodeling Group
• Dreamstyle Remodeling Inc.
• Reborn Cabinets Inc.
• Kitchen Magic Inc.

What Are The Key Trends In The Residential Remodelers Market?

• Technology-driven project management
• Multigenerational living spaces
• Resilient and disaster-resistant design
• Energy-efficient upgrades
• Online presence and marketing

What Are The Segments Of The Global Residential Remodelers Market?

• By Project: DIY (Do It Yourself), Professional
• By Distribution Channel: Online, Offline
• By Application: Flooring, Walls, Ceilings, Porches, Gardens, Garages, System And Equipment, Disaster Repair, Other Applications

Which Region Leads The Residential Remodelers Market?

North America constituted the largest region in the residential remodelers market in 2024. In addition, the regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Residential Remodelers Market Global Market Report?

- Market Size Analysis: Analyze the Residential Remodelers Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Residential Remodelers Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Residential Remodelers Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Residential Remodelers Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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Learn More About the Business Research Company. With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

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