Press release
Kitchen Remodel Services Market Anticipated To Witness Robust Growth, Surpassing $15.98 Billion By 2029
Kitchen Remodel Services Market Size
What Is the Current Kitchen Remodel Services Market Size and Its Estimated Growth Rate?
The market for kitchen renovation services has seen significant growth in the past years. The size of this market is predicted to increase from $11.07 billion in 2024 to $11.94 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the historical period include the growing trend for home renovation, a surge in disposable income, a hike in property values, surging demand for contemporary kitchens, and the increasing sway of home improvement media.
In the ensuing years, the kitchen remodel services market is anticipated to witness solid expansion. It is projected to escalate to a worth of $15.98 billion by 2029, with a compound annual growth rate of 7.5%. The upswing during the projected timeframe is due to a rising interest in intelligent kitchen technologies, a soaring demand for sustainable and environment-friendly materials, increasing urbanization and compact living spaces, growing acceptance of modular kitchen styles, and a surge in the aging house inventory that needs refurbishment. Noteworthy trends during this forecasted duration involve advancements in energy-saving kitchen appliances, expanded use of 3D visualization and design software, evolution of multi-purpose kitchen layouts, creation of inventive storage solutions saving space, and sophisticated incorporation of IoT-powered kitchen systems.
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How Are Emerging Segments Shaping the Kitchen Remodel Services Market Landscape?
The kitchen remodel services market covered in this report is segmented -
1) By Type: Wall, Floor, Cabinet
2) By Service Type: Design, Installation, Renovation, Custom Cabinetry, Countertops, Flooring, Plumbing, Electrical, Other Types
3) By Application: Residential, Commercial
4) By Distribution Channel: Online, Offline
Subsegments:
1) By Wall: Paint, Wallpaper, Tile Backsplash, Wall Panels, Open Shelving Installations
2) By Floor: Hardwood, Laminate, Vinyl, Tile, Stone
3) By Cabinet: Stock Cabinets, Semi-Custom Cabinets, Custom Cabinets, Cabinet Refacing, Cabinet Hardware Replacement
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Which Growth Factors Are Influencing Kitchen Remodel Services Market Expansion?
The forward thrust of the kitchen remodel services market is anticipated to gain momentum due to the escalating fascination with home improvement shows. Such shows, either televised or online, mainly revolve around refurbishing, revamping, sprucing up, or enhancing residential spaces. How this fascination fuels the growth lies in the mounting interest of homeowners towards DIY refurbishment, which not only provides cost-effective solutions but also allows them to customize their living spaces according to their tastes. The allure of kitchen remodel services is enhanced via these home improvement shows as they present eye-catching transformations that exhibit design trends, augment usability, and hike up home value through stunning before-and-after comparisons. As a case in point, there was a significant surge in renovations in 2022, wherein 88% of homeowners in the UK engaged in house upgrades, as reported by Fittra Ltd., a UK-based construction firm in 2024. In addition, data provided by Hillarys, a UK retail company, indicated that the typical annual expenditure on home improvement rose to £17,000 ($22,671) in 2023 which was a 4.6% escalation from the previous year. Consequently, due to the burgeoning appeal of home improvement shows, the kitchen remodel services market is experiencing a significant growth trajectory.
Who Are the Dominant Players Across Different Kitchen Remodel Services Market Segments?
Major companies operating in the kitchen remodel services market are The Home Depot Inc., Lowe's Companies Inc., IKEA Group, HomeAdvisor Inc., CliqStudios Inc., Modsy Inc., enovo Home Partners LLC, Re-Bath LLC, Cabinets To Go Inc., Neil Kelly Company Inc., Plain & Fancy Custom Cabinetry Inc., DreamMaker Bath & Kitchen, Kitchen Saver Inc., Kitchen Magic Inc., Schuler Cabinetry Inc., Alure Home Improvements Inc., Case Design/Remodeling Inc., Kitchen Tune-Up LLC, Classic Home Improvements Inc., Harth Builders Inc.
What Are the Latest Developing Trends in the Kitchen Remodel Services Market?
Leading firms in the kitchen remodel services market are keen on offering superior remodeling services to establish a competitive advantage in the market. Top-notch remodeling services are defined by outstanding workmanship, long-lasting materials, and a strict focus on detail. For example, River City Construction Inc., a construction firm based in the United States, rolled out its home remodeling services in Boston in September 2024. The company brought a new and creative approach to home renovation in the city. They specialize in kitchen remodeling, offering all-inclusive solutions to convert kitchens into trendy, practical, and elegant areas. Their prowess encompasses custom kitchen designs, appliance upgrades, cost-effective revamps, and luxury renovations, all carefully customized to suit the distinct requirements and tastes of Boston homeowners and those in nearby regions.
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Which Geographic Regions Are Expected to Dominate the Kitchen Remodel Services Market in the Coming Years?
North America was the largest region in the kitchen remodel services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kitchen remodel services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Kitchen Remodel Services Market?
2. What is the CAGR expected in the Kitchen Remodel Services Market?
3. What Are the Key Innovations Transforming the Kitchen Remodel Services Industry?
4. Which Region Is Leading the Kitchen Remodel Services Market?
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