Home Remodeling Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Home Remodeling Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the home remodeling market has experienced steady growth. From 2024 to 2025, it's projected to increase from a size of $961.83 billion to $1004.45 billion, reflecting a compound annual growth rate (CAGR) of 4.4%. This upward trend during the previous period is primarily due to factors such as an expansion in electronics manufacturing, a surge in aerospace applications, an increase in medical device production, wider usage of micro-welding, and a focus on energy efficiency and precision.

Home Remodeling Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated strong growth in the home remodeling market size is on the horizon for the next few years, with an expectancy to expand to "$1235.92 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. This projected growth during the forecast period can be associated with the advent of fiber lasers, growth in the renewable energy sector, the rising demand for lightweight materials, medical device miniaturization, rapid prototyping, and limited quantity production. Major trends for the forecast period encompass advancements in laser technology, fusion of automation and robotics, hybrid laser welding systems, personalization and versatility in welding processes, coupled with the incorporation of artificial intelligence.

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What Are the Drivers Transforming the Home Remodeling Market?
The growth of the home remodeling market is expected to be driven by the expansion of the construction sector. The construction industry, which is pivotal and includes a variety of activities associated with building and infrastructure construction, is crucial. This sector encompasses the development of residential and commercial properties, along with infrastructure projects like highways, bridges, airports, and public transport systems. A thriving construction sector can spur housing demand and foster a more aggressive housing market. As a result, instead of purchasing new properties, homeowners might elect to refurbish their current residences. Also, the adoption of innovative technology and materials in the construction sector can pique homeowners' interest in modernizing their homes with these upgrades. For example, the U.S. Census Bureau, a government agency based in the United States, reported in August 2023 that private residential housing completions had hit 1,406,000 units, marking a 3.7% rise from 1,355,000 in August 2022. Consequently, the growth of the construction industry is fuelling the home remodeling market's expansion.

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What Long-Term Trends Will Define the Future of the Home Remodeling Market?
In the home remodeling market, companies are adopting smart home technologies to stay competitive. In January 2023, US-based Lennox International Inc. unveiled the Lennox S40 Smart Thermostat, which integrates with air quality monitors and sensors to deliver optimal air control through automation and energy-saving features.

Which Segments in the Home Remodeling Market Offer the Most Profit Potential?
The home remodeling market covered in this report is segmented -

1) By Type: Do-It-Yourself (DIY), Do-It-For-Me (DIFM)
2) By Distribution Channel: Online, Offline
3) By Application: Windows And Doors, Kitchen And Bathroom, Floor And Roof, Walls, Other Applications
4) By End-Use: Residential, Commercial

Subsegments:
1) By Do-It-Yourself (DIY): DIY Home Improvement Projects, DIY Home Repair
2) By Do-It-For-Me (DIFM): Professional Remodeling Services, Home Renovation Contractors

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Which Firms Dominate the Home Remodeling Market by Market Share and Revenue in 2025?
Major companies operating in the home remodeling market include Andersen Corporation, JELD-WEN Holdings Inc., Kohler Co., Pella Corporation, The Home Depot Inc., Dow Inc., Kajaria Ceramics Limited, Lutron Electronics Company, Mohawk Industries Inc., Masco Corporation, Industry Cotto Possagno S.p.A, Seven Group Holdings Limited (Boral Limited), Harvey Industries Inc., Neil Kelly Company, Case Design, ABC Supply Co., Atlas Roofing Corporation, AZEK Building Products Inc., Beacon Roofing Supply Inc., Builders FirstSource Inc., CertainTeed Corporation, Cornerstone Building Brands, CRH plc, Daltile Corporation, Delta Faucet Company, D.R. Horton Inc., Johns Manville Corporation, Ferguson Enterprises LLC, GAF Materials Corporation, Georgia-Pacific LLC, James Hardie Industries plc, Lennar Corporation, Lowe's Companies Inc., Owens Corning, Ply Gem Holdings Inc., Pool Corporation, Power Home Remodeling Group

Which Regions Offer the Highest Growth Potential in the Home Remodeling Market?
North America was the largest region in the home remodeling market in 2024. The regions covered in the home remodeling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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