Global Residential Remodelers Market Size and Forecast 2024-2033|Andersen Corporation, Dow Inc., Jeld-Wen Holdings Inc., Kajaria Ceramics Limited, Kohler Co.

The Residential Remodelers by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Residential Remodelers, The residential remodelers market size has grown steadily in recent years. It will grow from $825.71 billion in 2023 to $845.03 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to economic conditions and home equity, changing lifestyle trends, aging housing stock, real estate market dynamics, homeownership rates.

The residential remodelers market size is expected to see steady growth in the next few years. It will grow to $926.83 billion in 2028 at a compound annual growth rate (CAGR) of 2.3%. The growth in the forecast period can be attributed to aging population and accessibility, sustainable and energy-efficient upgrades, growing technological integration in homes, home office and remote work trends, covid-19 pandemic impact.. Major trends in the forecast period include technology-driven project management, multigenerational living spaces, resilient and disaster-resistant design, energy-efficient upgrades, online presence and marketing.

The rise in the construction sector is expected to propel the growth of the residential remodelers market going forward. The construction industry is concerned with the construction, alteration, and repair of structures such as houses, industries, highways, bridges, and other infrastructure. Growth in the building industry may have a favorable influence on the residential remodelling market since it leads to an increase in the number of new houses being built, which creates a demand for remodelling services. For instance, in March 2023, according to a recent statistical report published by the United States Census Bureau, a US-based agency of the Federal Statistical System, total construction spending in the United States was $1.54 trillion in November 2020, and it grew to $1.84 trillion in November 2022, reflecting a 16.3% rise. Therefore, the rise in the construction sector is driving the residential remodelers market.

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The residential remodelers market covered in this report is segmented –

1) By Project: DIY (Do It Yourself), Professional

2) By Distribution Channel: Online, Offline

3) By Application: Flooring, Walls, Ceilings, Porches, Gardens, Garages, System And Equipment, Disaster Repair, Other Applications

Technological advancements are a key trend gaining popularity in the residential remodeler market. Major companies operating in the residential remodeler market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2022, Eyrus Inc., a US-based software business, announced substantial platform enhancements with the launch of Eyrus Evolved, a full, end-to-end solution to assist general contractors make better decisions about progress, risk, and safety. The new technology features an easy-to-use, non-intrusive system that offers full workforce data and analytics in real-time via a Consolidated Workforce Database. Eyrus enables project teams to proactively adapt in dynamic project settings to favorably affect schedule, safety, and cost. The Eyrus platform decreases project administrative overhead by 25% by automating essential operations such as worker on boarding, project time keeping, and compliance reporting by integrating Construction IoT (Internet of Things) technology.

The residential remodelers market report table of contents includes:

1. Executive Summary

2. Residential Remodelers Market Characteristics

3. Residential Remodelers Market Trends And Strategies

4. Residential Remodelers Market – Macro Economic Scenario

5. Global Residential Remodelers Market Size and Growth

26. South America Residential Remodelers Market

27. Brazil Residential Remodelers Market

28. Middle East Residential Remodelers Market

29. Africa Residential Remodelers Market

30. Residential Remodelers Market Competitive Landscape And Company Profiles

Top Major Players: