Press release
Segmentation, Major Trends, and Competitive Overview of the Kitchen Remodel Services Market
The kitchen remodel services sector is poised for significant expansion as it adapts to evolving consumer preferences and technological advances. With a focus on smarter, more sustainable, and highly customizable kitchen solutions, this market is set to experience considerable growth over the coming years. Let's explore the projected market size, the key players shaping the industry, emerging trends, and the main segments that define this market.Projected Market Size and Growth Outlook for Kitchen Remodel Services
The kitchen remodel services market is anticipated to grow substantially, reaching a valuation of $16.86 billion by the year 2030. This growth is expected at a compound annual growth rate (CAGR) of 7.3%. Several factors are driving this upward trajectory, including the increasing integration of smart kitchen technologies, a higher demand for sustainable materials, and the expansion of luxury renovation services. Additionally, there is a growing trend towards highly customized remodeling projects and the adoption of digital design and planning tools. Key market trends shaping this growth include a rising preference for premium kitchen upgrades, widespread use of modular cabinetry solutions, customized kitchen layouts, increased spending on home renovations, and a focus on space-efficient designs.
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Leading Companies Making an Impact in the Kitchen Remodel Services Market
Several prominent companies dominate the kitchen remodel services landscape, including 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., and Harth Builders Inc.
In a notable development from September 2023, Artisan Design Group, a U.S.-based company specializing in design, procurement, and installation services for flooring, cabinets, and countertops, acquired KB Kitchen & Bath. This acquisition aims to strengthen Artisan Design Group's position in the single-family housing market in the Carolinas and boost its cabinet installation and distribution capabilities in that region. KB Kitchen & Bath primarily serves the South Carolina market and neighboring states.
Emerging Trends Highlighting Innovation in Kitchen Remodel Services
Companies in the kitchen remodel sector are increasingly focusing on delivering high-quality remodeling services that emphasize excellent craftsmanship, durable materials, and detailed workmanship. This focus is helping firms differentiate themselves and attract discerning customers.
For example, in September 2024, River City Construction Inc., a construction firm based in the U.S., launched its home remodeling services in Boston, introducing innovative approaches to residential renovation. The company specializes in kitchen remodeling, offering comprehensive solutions that range from custom kitchen designs and appliance upgrades to budget-conscious makeovers and luxury renovations. Their services are tailored to fit the unique tastes and requirements of homeowners in Boston and surrounding areas.
View the full kitchen remodel services market report:
https://www.thebusinessresearchcompany.com/report/kitchen-remodel-services-global-market-report
Core Segments and Categories in the Kitchen Remodel Services Market
This report segments the kitchen remodel services market into several key categories:
1) By Type: Wall, Floor, Cabinet
2) By Service Type: Design, Installation, Renovation, Custom Cabinetry, Countertops, Flooring, Plumbing, Electrical, and Other Services
3) By Application: Residential, Commercial
4) By Distribution Channel: Online, Offline
Further subsegments include:
- Wall: Paint, Wallpaper, Tile Backsplash, Wall Panels, Open Shelving Installations
- Floor: Hardwood, Laminate, Vinyl, Tile, Stone
- Cabinet: Stock Cabinets, Semi-Custom Cabinets, Custom Cabinets, Cabinet Refacing, Cabinet Hardware Replacement
These classifications provide a comprehensive view of the market's diverse offerings and customer preferences across various remodeling aspects.
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