Home Remodeling Market Report 2025

The home remodeling market size has grown steadily in recent years. It will grow from $961.83 billion in 2024 to $1.0 trillion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to expansion of electronics manufacturing, increased aerospace applications, rise in medical device manufacturing, increased practices of micro welding, energy efficiency and precision.

The home remodeling market size is expected to see strong growth in the next few years. It will grow to $1.23 trillion 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. Major trends in the forecast period include advancements in laser technology, integration of automation and robotics, hybrid laser welding systems, customization and flexibility in welding processes, and integration of artificial intelligence.

The anticipated growth in the construction sector is set to drive the expansion of the home remodeling market in the future. As a pivotal industry encompassing various activities related to building and infrastructure development, the construction sector spans residential and commercial building projects, as well as the creation of infrastructure such as highways, bridges, airports, and public transportation systems. With the growth of the construction sector, there is an increased demand for housing, fostering a more competitive housing market. Consequently, homeowners may opt to renovate their existing homes instead of pursuing new acquisitions. Additionally, advancements in technology and materials within the construction sector may pique homeowners' interest in upgrading their homes. For example, in August 2023, the U.S. Census Bureau reported a 3.7% increase in privately owned residential housing completions, reaching 1,406,000 housing units compared to 1,355,000 in August 2022. Thus, the upswing in the construction sector is a catalyst for the home remodeling market's growth.

The rising rate of urbanization is anticipated to stimulate growth in the home remodeling market in the future. Urbanization refers to the process where an increasing share of the population resides in towns and cities, resulting in the expansion and development of urban areas as individuals migrate from rural areas to urban centers. This phenomenon fuels the demand for home remodeling, as the influx of people into urban settings creates a heightened need for efficient and modern living spaces that can cater to evolving lifestyles and preferences in densely populated areas. For instance, a report from the Department of Social and Economic Welfare, a U.S.-based government agency, indicated that the global population reached 8 billion in 2022, with more than half (55%) residing in urban areas - a number projected to climb to 70% by 2050. Currently, approximately 1.1 billion people live in slums or slum-like conditions, with an additional 2 billion expected to inhabit such environments over the next 30 years. Thus, the increasing pace of urbanization is a key driver of the home remodeling market.

Technological advancements emerge as a prominent trend gaining traction in the home remodeling market. Companies within this sector are adopting new technologies to maintain their competitive edge. For instance, in January 2023, Lennox International Inc., a U.S.-based climate control solutions provider, introduced the Lennox S40 Smart Thermostat, Lennox Smart Air Quality Monitor, and Lennox Smart Room Sensor as part of smart home innovation. The Lennox S40 Smart Thermostat, equipped with Schedule IQ Technology and Smart Away geo-fencing capabilities, ensures efficient operation and energy conservation. The system monitors sensors throughout the house, providing a seamless user experience enhanced by various automation features.

Major players in the home remodeling market are focusing on technological advancements such as technology-enabled home remodeling services to offer a swift, easy, and convenient home remodeling experience. Technology-enabled home remodeling services leverage advanced technologies to enhance various aspects of the remodeling process. For example, in October 2023, West Shore Home, a U.S.-based construction company, introduced cutting-edge technology for rapid 3-D scans of remodeling projects in under a minute, aiming to elevate the home remodeling experience.

In January 2022, Titan Holdings, a home improvement services company based in the U.S., purchased MaxHome for an undisclosed sum. This acquisition is in line with Titan’s strategy for significant expansion in the home improvement sector. MaxHome, also based in the U.S., focuses on providing home improvement services, particularly in bathroom and window remodeling.

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.

North America was the largest region in the home remodeling market in 2024. The regions covered in the home remodeling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the home remodeling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Home remodeling constitutes the process of enhancing or refurbishing an existing residential structure that may be deteriorated, outdated, or no longer fulfilling the homeowner's requirements. It entails the creation of something new.

The primary categories of home remodeling encompass do-it-yourself (DIY) and do-it-for-me (DIFM). DIFM remodeling, an abbreviation for "Do-It-For-Me" remodeling, denotes home improvement projects executed by professional contractors or service providers rather than the homeowners themselves. These products are distributed through both online and offline channels and find applications in various areas, including windows and doors, kitchen and bathroom, floor and roof, walls, and other sectors within end-use industries such as residential and commercial.

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The home remodeling market includes revenues earned by entities by providing services such as constructing, renovating, painting, plumbing and electrifying changes to an existing home's structure, design, or function. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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