The global market for Home Improvement Products is estimated at US$801.5 Billion in 2023 and is projected to reach US$1.0 Trillion by 2030, growing at a CAGR of 3.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the home improvement market is driven by several factors, highlighting the diverse and evolving nature of this sector. Economic recovery and rising home equity have empowered more homeowners to invest in renovations and upgrades. Technological advancements have also played a crucial role, with the integration of smart home technology and eco-friendly products meeting consumer demands for convenience and sustainability. Additionally, demographic shifts, such as the aging population and the tendency of millennials to purchase older homes that require renovations, have contributed to market expansion.
The influence of social media and home improvement television shows cannot be overlooked, as they continue to inspire DIY projects and renovations. Moreover, the increased prevalence of remote work arrangements has prompted many to adapt their living spaces to accommodate home offices, further stimulating the market. These factors, combined with the heightened desire for personalized living spaces, drive continuous growth in the home improvement industry, making it a dynamic and ever-evolving field.
The growth in the home improvement market is driven by several factors, highlighting the diverse and evolving nature of this sector. Economic recovery and rising home equity have empowered more homeowners to invest in renovations and upgrades. Technological advancements have also played a crucial role, with the integration of smart home technology and eco-friendly products meeting consumer demands for convenience and sustainability. Additionally, demographic shifts, such as the aging population and the tendency of millennials to purchase older homes that require renovations, have contributed to market expansion.
The influence of social media and home improvement television shows cannot be overlooked, as they continue to inspire DIY projects and renovations. Moreover, the increased prevalence of remote work arrangements has prompted many to adapt their living spaces to accommodate home offices, further stimulating the market. These factors, combined with the heightened desire for personalized living spaces, drive continuous growth in the home improvement industry, making it a dynamic and ever-evolving field.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the DIY Home Improvement Products segment, which is expected to reach US$456.8 Billion by 2030 with a CAGR of a 4.9%. The DIFM Home Improvement Products segment is also set to grow at 3.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $216.7 Billion in 2023, and China, forecasted to grow at an impressive 6.7% CAGR to reach $218.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Home Improvement Products Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Home Improvement Products Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Home Improvement Products Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3M Company, ABC Supply Co., Inc., Anderson Corp., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 164 Featured):
- 3M Company
- ABC Supply Co., Inc.
- Anderson Corp.
- Builders FirstSource, Inc
- E. I. du Pont De Nemours and Company
- Ferguson Enterprises, Inc.
- Fortune Brands Home & Security, Inc.
- GAF
- Hanley Wood LLC
- Home Depot Inc.
- Jeld-Wen, Inc.
- Kohler Co.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M Company
- ABC Supply Co., Inc.
- Anderson Corp.
- Builders FirstSource, Inc
- E. I. du Pont De Nemours and Company
- Ferguson Enterprises, Inc.
- Fortune Brands Home & Security, Inc.
- GAF
- Hanley Wood LLC
- Home Depot Inc.
- Jeld-Wen, Inc.
- Kohler Co.
