Global Home Improvement Spending Industry Best Market Trends and Useful Forecast Estimation till 2022

A recently published report by Fact.MR projects the global home improvement spending market to register a steady growth over the forecast period 2017 to 2022. The global market for home improvement spending is estimated to reach approximately US$ 2,000,000 Mn in revenues by 2022-end.

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The report offers an overview of the global home improvement spending market. This comprises an introduction to the market, along with a standard definition of the product – home improvement spending. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global home improvement spending market, the report provides updates about market opportunities, which can benefit leading manufacturers of home improvement spending. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for home improvement spending manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Key Takeaways from Fact.MR’s Report on Home Improvement Spending Market

1) Europe will continue to be the most lucrative region for growth of the home improvement spending market, in terms of revenues. Revenues from the market in this region is poised to exceed US$ 700,000 Mn by 2022-end.
2) Asia-Pacific excluding Japan (APEJ) will remain the second largest market for home improvement spending throughout the forecast period.
3) North America is expected to witness the fastest expansion in the global market through 2022.
4) In terms of revenues, Roofing is expected to remain the dominant product segment in the global market for home improvement spending.
5) Room Additions, and bathroom remodeling are estimated to register the highest CAGRs in the market through 2022.
6) Heating, ventilation, & air conditioning, and disaster repairs are anticipated to exhibit steady expansion at similar CAGRs through 2022.
7) Departmental stores are projected to remain the most lucrative distribution channel in the global home improvement spending market. Revenues from sales in departmental stores are expected to account for more than one-fourth share of the market over the forecast period.
8) Homeware stores, and franchise stores are poised to collectively account for roughly 50% market share, in terms of revenues. Franchise stores will remain comparatively more lucrative than homeware stores in the home improvement spending market during 2017 to 2022.

Departmental Stores to Remain the Largest Distribution Channel in the Market
Accounting for over one-fourth revenue share of the market during 2017 to 2022, departmental stores will continue to be the largest distribution channel for home improvement spending products. Franchise stores, and Homeware stores will collectively account for nearly half revenue share of the market, with the former being more lucrative than the latter during the forecast period.

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On the basis of product, roofing will remain dominant in the global home improvement spending market, in terms of revenues. Disaster repairs, and heating, ventilation & air conditioning product segments are estimated to reflect a parallel expansion at 5.7% CAGR through 2022. In addition, bathroom remodeling, and room additions segments are expected to exhibit the fastest expansion through 2022.

In terms of revenues, Europe will remain the largest market for home improvement spending, with sales projected to surpass US$ 700,000 Mn in revenues by 2022-end. Asia-Pacific excluding Japan (APEJ) is anticipated to be the second most lucrative market for home improvement spending. The market in North America will register the fastest expansion over the forecast period.

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This release was published on openPR.