The global demand for Home Improvement Market is presumed to reach the market size of nearly USD 1304.33 MN by 2028 from USD 908.63 MN in 2021 with a CAGR of 5.3% under the study period 2022 - 2028.
Home improvement is the process of renovating or adding products to one's home that are linked to home decor, gardening, or other comparable activities. The house renovation entails enhancing the interior, exterior, or other features of an existing home. Global home improvement offers a vast range of premium roofing and exterior remodeling services.
Market Dynamics
The rise in interest and property costs worldwide is a primary driving factor for the global home improvement market. Another driving element in the home improvement services market is the remodeling of freshly purchased ancient properties to meet the needs or preferences of the new owners before moving in. This is a significant opportunity for the global home improvement market to flourish. Growing population, rising employment, urbanization, internal and external migration, and the company's new products are other substantial drivers propelling the growth of the Global home improvement market. The emergence of DIY culture, on the other hand, is expected to hamper the market to a greater extent.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of home improvement. The growth and trends of home improvement industry provide a holistic approach to this study.
Market Segmentation
This section of the home improvement market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Door Hardware
- Building Materials
- Kitchen And Toilet Product
- Others
By Application
- Online Marketing
- Offline Marketing
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Home Improvement market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Home Improvement Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the home improvement market include Home Depot, Lowe's, Inside Tweedy and Popp Hardware, Ace Hardware, Rona, Canadian Tire, Homebase, Wickes, Bauhaus, Bricostore, Praxis, Alibaba, Ebay, Amazon, Bunnings Warehouse. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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