The Home Remodeling Global Market Report 2023, provides comprehensive information on the home remodeling market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Home Remodeling Market’s Growth:
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As per The Business Research Company’s Home Remodeling Global Market Report 2023, the global home remodeling market size is expected to grow from $881.15 billion in 2022 to $925.00 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global home remodeling market size is expected to reach $1,105.48 billion in 2027 at a CAGR of 4.6%.
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Technological advancements are a key trend gaining popularity in the home remodeling market. Companies operating in the home remodeling market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Lennox International Inc., a US-based climate control solutions provider, launched Lennox S40 Smart Thermostat along with Lennox Smart Air Quality Monitor and the Lennox Smart Room Sensor as part of smart home innovation. The Lennox S40 Smart Thermostat controls a one-of-a-kind, fully communicating system that seamlessly and intelligently works together to stay tuned and deliver consistently perfect, healthy air. Schedule IQ Technology, Smart Away geo-fencing capabilities and one-touch Away Mode ensure the S40 Smart Thermostat and connected equipment run as efficiently as possible by maintaining comfort when the home is occupied and saving energy when it is not. The S40 Smart Thermostat monitors sensors throughout the house while ensuring a seamless user experience, which is bolstered by a variety of automation features.
The home remodeling market is segmented:
1) By Type: Do-It-Yourself (DIY), Do-It-For-Me (DIFM)
2) By Distribution Channel: Online, Offline
3) By Application: Windows And Doors, Kitchen And Bathroom, Floor And Roof, Walls, Other Applications
4) By End-Use: Residential, Commercial
Top Major Players:
Andersen Corporation
JELD-WEN Holdings Inc
Kohler Co
Pella Corporation
The Home Depot
North America was the largest region in the home remodeling market in 2022.
The table of contents in TBRC’s home remodeling market report includes:
1. Executive Summary
2. Home Remodeling Market Characteristics
3. Home Remodeling Market Trends And Strategies
4. Home Remodeling Market – Macro Economic Scenario
5. Home Remodeling Market Size And Growth
…………………………………………………………………………
26. Africa Home Remodeling Market
27. Home Remodeling Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Remodeling Market
29. Home Remodeling Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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