home remodeling Market Outlook 2025-2034: Trends and Projections

What Are The Predicted Growth Rates and Market Size For the Global Home Remodeling Market?
The home remodeling market size has shown consistent growth in recent years. The market recorded growth from $961.83 billion in 2024 to $1004.45 billion in 2025 at compound annual growth rate (CAGR) of 4.4%. The historic growth in the market can be attributed to expansion of electronics manufacturing, increased aerospace applications, rise in medical device manufacturing, increased practices of micro welding, and energy efficiency and precision.

Strong growth is predicted for the home remodeling market in the coming years, with estimates suggesting it will reach $1235.92 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to emergence of fiber lasers, expansion of renewable energy sector, demand for lightweight materials, medical device miniaturization, rapid prototyping and small-batch manufacturing. The market is also expected to see advancements in laser technology, integration of automation and robotics, hybrid laser welding systems, customization and flexibility in welding processes, and integration of artificial intelligence.

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What Are The Key Driving Factors For the Home Remodeling Market’s Growth?
The home remodeling market is expected to see a surge in growth due to the rise in the construction sector. Rapid growth in construction activities, from residential and commercial building construction to infrastructure development augments the demand for home remodeling. Homeowners are more likely to renovate their existing homes instead of purchasing new ones in a competitive housing market. An instance highlighting the growth in the construction sector is a statistic from the U.S. Census Bureau indicating that privately owned residential housing completions reached 1,406,000 housing units in August 2023, reflecting a 3.7% increase from August 2022.

What Are The Major Segments Within The Global Home Remodeling Market?
The home remodeling market report covers:

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

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Which Major Companies Are Operating In The Home Remodeling Market?
Major companies operating in the home remodeling market include Andersen Corporation, JELD-WEN Holdings Inc., Kohler Co., Pella Corporation, The Home Depot Inc., Dow Inc., Kajaria Ceramics Limited, Lutron Electronics Company, Mohawk Industries Inc., Masco Corporation, Industry Cotto Possagno S.p.A, Seven Group Holdings Limited (Boral Limited), Harvey Industries Inc., Neil Kelly Company, Case Design, ABC Supply Co., Atlas Roofing Corporation, AZEK Building Products Inc., Beacon Roofing Supply Inc., Builders FirstSource Inc., CertainTeed Corporation, Cornerstone Building Brands, CRH plc, Daltile Corporation, Delta Faucet Company, D.R. Horton Inc., Johns Manville Corporation, Ferguson Enterprises LLC, GAF Materials Corporation, Georgia-Pacific LLC, James Hardie Industries plc, Lennar Corporation, Lowe’s Companies Inc., Owens Corning, Ply Gem Holdings Inc., Pool Corporation, Power Home Remodeling Group.

What Are The Emerging Trends In The Home Remodeling Market?
Technological advancements are emerging trends in the home remodeling market. Companies are leveraging new technologies to maintain their competitive edge. In January 2023, Lennox International Inc. launched the Lennox S40 Smart Thermostat, that seamlessly and intelligently optimizes the quality of indoor air. The S40 Smart Thermostat monitors sensors throughout the house, offering a seamless user experience boosted by various automation features.

Which Region Held The Largest Market Share In The Home Remodeling Market?
North America was the largest region in the home remodeling market in 2024, with the other regions included in the report being Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

What Does The Home Remodeling Market Report 2025 Offer?
Home remodeling refers to the process of upgrading or renovating existing residential structures to align with the homeowner’s needs. The Home Remodeling Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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