openPR Logo
Press release

Remodeling Market Size, Outlook, Industry Statistics, Forecast, Research Report, 2023: Global Market Insights Inc.

03-21-2017 07:53 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

The research report Remodeling market index is expected to grow at a CAGR of over 10% from 2016 to 2023 and can be valued over USD 410 billion by 2023. It includes building work that changes the home layout or modifies exteriors such as garden, lawn, patio or garage. Increasing employment along with escalating per capita disposable income is anticipated to drive the industry growth over the forecast period.

Escalating repairing and renovation demand for bathroom and kitchen might positively impact the industry growth. As home prices are continuously rising, the demand for industry service is also expected to rise. House owners are likely to leverage their house remodelling projects through loans. Introduction of online home services are expected to boost the industry over the next few years. For instance, the major companies such as Porch, Amazon home services, Zillow and Pro.com offers online remodeling services. Home remodelling is usually done to fulfil various purposes such as comfort upgrades, repair, home additions, safety and Interior design for added beauty.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/237

Global remodeling market data encapsulates various professionals for getting work done successfully. It includes the general contractor, the designer, the architect and the design or build contractor. General contractors are the ideal choice for the remodelling or home improvement projects that do not require any professional design. These kinds of projects are best handled by the remodelling contractors. The companies are expected to offer better quality in designs and in construction work as well. They carry out the project keeping engineering, design and budget in mind. Factors such as volatile business cycles, difficulty attracting capital and low barriers to entry might pose challenges in attaining scale economies in the industry.

Architects are mainly consulted for the major projects that require construction drawings for procuring permits as well as defining the contract. Since remodelling projects are likely to present various challenges, it is preferred to work with an architect. The substitute of an architect for obtaining the drawings is a certified or a licensed designer. They usually own expertise in particular areas such as interiors, kitchens, space design and baths among others. These factors are likely to establish a superior alternative for specific remodelling projects. Design or build contractor are the ultimate choice for the home owners who prefer to hire only one firm for both designing as well as construction work.

Remodeling furnishes with numerous advantages such as improvising home storage, decrease clutter and generating an energy efficient home. Bigger homes are likely to add extra cabinets and storage spaces to avoid clutter in the living area. For instance, customers are utilizing bathroom in order to place dryers and washers which results in reducing the usage space. Ample storage space facilitates in clearing off the counter tops and thus allows better management of the stuff. According to Environmental Protection Agency (EPA), a bathroom equipped with energy efficient fixtures is estimated to save significant benefits on energy conservation. In addition, it also helps in increasing the value of the house.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/237

North America remodeling market size is anticipated to witness substantial growth owing to proliferating renovation and repairing activities in the region. Large number of design professionals and general contractors are now being hired for renovation work by house owners. Population demographics are anticipated to propel the industry demand over the forecast period. The U.S. remodeling market size was valued around USD 144 billion in 2014 and it is projected to exhibit considerable growth from 2016 to 2023. Companies focusing on consumer satisfaction and development are estimated to gain competitive advantages over the forecast period.
Major industry players in the global remodeling market share include Andersen Corporation, ABC Supply, Builders FirstSource, Ferguson Enterprises, Dow Building Solutions,Fortune Brands Home & Security, Hanley Wood, LLC, GAF Materials Corporation,The Home Depot, Kohler Co., Lutron Electronics, JELD-WEN, Masco Corporation, National Gypsum Company, Move, Inc., Oldcastle Building Products, Inc., Pella Corporation, Owens Corning, Ply Gem Industries, Inc., The Sherwin-Williams Company, ProBuild, Inc., and USG Corporation among others.

Browse Related Reports:
• Energy Efficient Construction Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/energy-efficient-construction-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Remodeling Market Size, Outlook, Industry Statistics, Forecast, Research Report, 2023: Global Market Insights Inc. here

News-ID: 475741 • Views: 299

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases


More Releases for Corporation

Global Gaming Market 2018 - Microsoft Corporation, Nintendo Co., Ltd., Rovio Ent …
The global Gaming market research report 2019 -2023 proposes a thorough analysis of the Gaming market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Gaming market report provides a wide-range of Gaming market segmentation Console , Mobile , Computer , , . Get Request
Enterprise Content Management Market Trend to 2025: IBM Corporation, Oracle Corp …
Enterprise Content Management Market to 2025 - Global Analysis and Forecasts by Product, Deployment Type, Organization Type, Verticals The report aims to provide an overview of Global Enterprise Content Management Market along with detailed segmentation of market by product, organization type, deployment type, vertical and five major geographical regions. Global Enterprise Content Management market is expected to witness growth during the forecast period due to exponential growth in the data and
Blockchain Market Covers Leading Manufacturer IBM Corporation, Microsoft Corpora …
Blockchain technology is a decentralized software program that enables protected digital transactions of digital currencies such as Bitcoin. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1113 "Applications Of Blockchain Market" Blockchain permits applicants to authenticate and review transactions. Blockchain-based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems. Rising popularity of these ledger chains has led to a significant increase in total capital
Telecom Analytics 2018 Global Key Players – EMC Corporation, Oracle Corporatio …
Telecom Analytics Market 2018 Wiseguyreports.Com Adds “Telecom Analytics – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Description:  This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Telecom Analytics industry. This report splits Telecom Analytics market
Cloud Backup Market Key Players - Microsoft Corporation, Oracle Corporation, IBM …
Market Highlights: The Global Cloud Backup Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of cloud backup is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous
Global Smart Hospitality System Market 2017 : Mitel Networks Corporation, NEC Co …
Smart Hospitality System A market study based on the " Smart Hospitality System Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Smart Hospitality System Market 2017’. The research report analyses the historical as well as present performance of the worldwide Smart Hospitality System industry, and makes predictions on the future status of Smart Hospitality System market on the basis of this analysis. Get Free