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Global Home Remodeling Market Size, Share, Forecast: By Type: DIY (Do It Yourself), Professional; By Application: Windows and Doors, Kitchen and Bathroom, Floor and Roof, Walls, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Home Remodeling Market Outlook
The global home remodeling market size reached approximately USD 665.86 billion in 2023. The market is assessed to grow at a CAGR of 5.6% between 2024 and 2032 to attain a value of around USD 1094.34 billion by 2032.
Key Trends in the Market
Home remodelling, variously known as property renovation, refers to improvements and changes made to a residential property. Remodelling can enhance the aesthetics and functionality of interior and exterior spaces of homes. It can also increase the value of a home and provide a relaxing experience to homeowners.
- The home remodeling market demand is being fuelled by the increasing focus of homeowners to enhance the value of their properties. Moreover, the increasing costs of moving to new homes, coupled with the rising ageing population in developed countries, are surging spending on upgrades, renovations, and repairs.
- Ageing infrastructure in countries like the United States is prompting homeowners to upgrade spaces such as kitchens, bathrooms, family rooms, and closets, among others, as well as functionalities such as plumbing, cooling, ventilation, and heating.
- One of the key home remodeling market trends is the growing usage of technology in home renovation projects to improve the efficiency of home designing processes and make them less expensive and less time-consuming. Homeowners are also increasingly buying remodelling materials and equipment from online channels at attractive discounts and with free delivery.
Moreover, homeowners are integrating home automation and smart home technologies to enhance the versatility, usability, and functionality of homes, increase security and convenience, and reduce energy consumption and utility costs.
- Environmental concerns and rapid climate change are further driving the home remodeling market growth. There is rising usage of natural materials such as wood, hemp, bamboo, and straw, among others, in remodeling activities to eliminate the toxicity associated with chemical materials and improve the quality of life of residents.
The surging eco-consciousness is also bolstering the installation of energy-efficient components and renewable energy systems in home remodeling projects.
Market Analysis
Based on type, the home remodeling market segmentation includes DIY (do it yourself) and professional. By application, the market is divided into windows and doors, kitchen and bathroom, floor and roof, and walls, among others. The major regional markets for home remodeling include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global home remodeling market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Kohler Co.
- Belfor Holdings Inc.
- Crane Renovation Group
- JELD-WEN, Inc.
- Mr. Handyman LLC
- Pella Corporation
- Neil Kelly Inc
- Dreamstyle Remodeling, Inc.
- Steve & Sons Contracting Inc.
- Venturi Restoration
- Others
Market Share by Type
As per the home remodeling market analysis, DIY (do it yourself) remodelling is significantly gaining popularity due to growing interest by homeowners to expand and upgrade their spaces. With surging costs of construction materials, contractors, and labourers, homeowners are undertaking DIY home remodeling projects. Moreover, the rising popularity of various DIY home décor and remodelling trends on social media platforms like TikTok is anticipated to aid the market growth in the forecast period.
Market Share by Application
Kitchens and bathrooms account for a substantial portion of the home remodeling market share. Remodeling a kitchen and bathroom can considerably enhance the value of a home while improving the aesthetics of these spaces. Moreover, kitchen and bathroom remodeling can improve the functionality of homes and increase the quality of life of residents.
In the forecast period, homeowners are expected to extensively invest in upgrading kitchens and bathrooms to enhance the energy efficiency of homes and increase their safety and comfort.
Competitive Landscape
Kohler Co., established in 1873, is a company that is engaged in innovation and designing of bath and kitchen products. Headquartered in Wisconsin, the United States, the company offers smart bath and kitchen products, world-class hospitality experiences, and clean energy solutions.
Belfor Holdings Inc. is a company that is engaged in restoring properties that are damaged by water, fire, natural disasters, and wind. With more than 300 locations in over 35 countries, the company aims to rapidly secure the property and minimise damage. It is headquartered in Minnesota, the United States, and the company has established its position as a leading single-source provider of environmental services in the United States.
Mr. Handyman LLC is a network of operated franchises and independently owned franchises in over 200 locations across the United States. Founded in 1996, the company provides residential and commercial property repair and maintenance services. It is renowned for its home repair and maintenance and is recognised for its professional reliability and workmanship.
Other home remodeling market players include Crane Renovation Group, JELD-WEN, Inc., Pella Corporation, Neil Kelly Inc, Dreamstyle Remodeling, Inc., Steve & Sons Contracting Inc., and Venturi Restoration, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Home Remodeling Market Analysis
8.1 Key Industry Highlights
8.2 Global Home Remodeling Historical Market (2018-2023)
8.3 Global Home Remodeling Market Forecast (2024-2032)
8.4 Global Home Remodeling Market by Type
8.4.1 DIY (Do It Yourself)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Professional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Home Remodeling Market by Application
8.5.1 Windows and Doors
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Kitchen and Bathroom
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Floor and Roof
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Walls
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Home Remodeling Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Home Remodeling Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Home Remodeling Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Home Remodeling Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Home Remodeling Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Home Remodeling Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Kohler Co.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Belfor Holdings Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Crane Renovation Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 JELD-WEN, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mr. Handyman LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Pella Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Neil Kelly Inc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Dreamstyle Remodeling, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Steve & Sons Contracting Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Venturi Restoration
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Home Remodeling Market: Key Industry Highlights, 2018 and 2032
2. Global Home Remodeling Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Home Remodeling Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Home Remodeling Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Home Remodeling Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Home Remodeling Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Home Remodeling Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Home Remodeling Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Home Remodeling Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Home Remodeling Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Home Remodeling Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Home Remodeling Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Home Remodeling Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Home Remodeling Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Home Remodeling Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Home Remodeling Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Home Remodeling Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Home Remodeling Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 665.86 billion.
The market is assessed to grow at a CAGR of 5.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1094.34 billion by 2032.
The major market drivers are the growing ageing infrastructure and the rising costs of moving into new houses.
The integration of advanced technologies in home remodeling processes, the rising use of sustainable materials, and the increasing focus by homeowners to enhance the value of their properties are the key trends aiding the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different applications of home remodeling are windows and doors, kitchen and bathroom, floor and roof, and walls, among others.
The major players in the market are Kohler Co., Belfor Holdings Inc., Crane Renovation Group, JELD-WEN, Inc., Mr. Handyman LLC, Pella Corporation, Neil Kelly Inc, Dreamstyle Remodeling, Inc., Steve & Sons Contracting Inc., and Venturi Restoration, among others.
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