The worldwide home improvement market was valued at *** billion U.S. dollars in 2020. With a compound annual growth rate (CAGR) of more than **** percent, the home improvement market value was expected to surpass the ******** dollar mark by 2027.

Global home improvement market size was valued USD 340.81 billion in 2024 and is expected to rise to USD 490.13 billion by 2034 at a CAGR of 4%.

Vietnam Home Improvement Market is Segmented by Product Type (Building Materials, Kitchen Improvement and Additions, and More), by Distribution Channel (Home Improvement Stores, Specialty Stores, and More), by End User (DIY, and DIFM / Professional Installation), by Project Type (Renovation, Remodelling, and More), by Region (Northern Vietnam, Central Vietnam, and More). The Market Forecasts are Provided in Terms of Value (USD).

United States Home Improvement Market was valued at USD 476.93 billion in 2024 and is anticipated to grow USD 623.34 billion by 2030 with a CAGR of 4.61%.

Home improvement stores form a mature industry dominated by two major companies, Home Depot and Lowe's. Both companies share similar product lines, which fuels high levels of price competition. Home improvement stores serve various markets, including do-it-for-me (DIFM), do-it-yourself (DIY) and professional customers. The most prominent influence on the performance of stores is activity in the residential market. Starting in 2021, spikes in inflation have cut consumers' spending power, while rising interest rates have constrained residential construction spending. While inflation has been tempered, the recent tariff announcements by the Trump administration remain a threat to product prices. Revenue for home improvement stores is expected to swell at a CAGR of 1.7% to $292.8 billion through the end of 2025, including growth of 1.9% in 2025 alone. The residential market boomed in 2020 as consumers stayed inside, resulting in more consumers with time to spend looking at new homes. Sales of home appliances, lumber, tools, hardware and lawn equipment were boosted. However, mounting inflationary pressure in 2022 led the Federal Reserve to raise interest rates. Since home improvement stores are tied to residential sector growth, rising interest rates cut housing sales that year, leading to faltering revenue. Since the pandemic, exploding e-commerce sales have been a boon for the industry. Home improvement stores will continue to improve their online platforms to strengthen sales in the coming years. Growing economic uncertainty has lifted sales of DIY products while limiting profit growth. Moving forward, interest rates are expected to drop, benefiting home improvement stores. Tariffs could result in higher interest rates, potentially upending the industry. Still, consumer spending power will remain relatively low, suppressing residential activity. Although residential activity is expected to slow, rising disposable income will boost spending on appliances and gardening equipment. There will be a trend of consumers opting for smaller appliances and upgrades rather than making significant investments in new construction or renovations. Home improvement store revenue is expected to climb at a CAGR of 2.1% to $325.3 billion through the end of 2030. The growing efficiency of online operations will cause profit to swell.

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Home Renovation Market Size 2025-2029

The home renovation market size is forecast to increase by USD 83 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the global trend of rapid urbanization and the increasing focus on enhancing living spaces through technology. One of the most notable trends shaping this market is the adoption of Artificial Intelligence (AI) in home improvement projects. This technological advancement offers numerous benefits, including energy efficiency, personalized living experiences, and improved home security. However, the market faces a major challenge In the form of a shortage of skilled labor, which can lead to project delays and increased costs for homeowners. To capitalize on this market opportunity, companies must focus on innovative solutions that address the labor shortage, such as pre-fabricated renovation kits or partnerships with local training programs. This market continues to experience steady growth, driven by the desire for modern living standards, improved environmental performance, and the integration of smart home technologies.
Additionally, investing in AI-powered tools and services can provide a competitive edge, enabling companies to offer more efficient and personalized renovation services to meet the evolving demands of consumers. Overall, the market presents a promising landscape for growth, with opportunities for companies that can effectively navigate the challenges and leverage technological advancements to meet the needs of the urbanizing population.

What will be the Size of the Home Renovation Market during the forecast period?

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The residential remodeling market encompasses various activities repairing broken structures, and weather sealing. Sustainable trends, such as the use of green remodeling products and sustainable building materials, are gaining traction as consumers become increasingly environmentally aware and conscious of their carbon footprints. New trends In the market include the adoption of 3D rendering software for virtual home design, structural glazing for enhanced temperature control, and the integration of solar panels for energy efficiency.
Economic slowdowns and reduced disposable income have led to project budgets being carefully considered, resulting in increased focus on labor costs and supply chain disruptions. Old buildings are being repurposed and renovated, with a focus on preserving their historical character while incorporating modern amenities. New flooring, lighting systems, insulating glass, and electrical & insulation upgrades are popular choices for homeowners seeking to enhance their living spaces. Government incentives and homeowner budgets are also driving the market, with a particular emphasis on energy-efficient windows and green buildings. Despite these trends, the market faces challenges, including labor shortages and rising material costs, which can impact construction expenditure.
The novel coronavirus pandemic has also disrupted the supply chain, leading to delays and increased costs for many projects. Overall, the residential remodeling market is expected to continue growing, driven by a combination of consumer demand and government incentives, as well as advancements in technology and sustainable building materials.

How is this Home Renovation Industry segmented?

The home renovation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Professional renovation
  Do-It-Yourself (DIY) renovation


Application

  Kitchen renovation
  Bathroom renovation
  Exterior renovation
  Bedroom renovation
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

By Type Insights

The professional renovation segment is estimated to witness significant growth during the forecast period.

Professional home renovation services offer homeowners customized solutions for complex projects, ensuring high-quality results that meet specific aesthetic and functional requirements. These services encompass a range of tasks, from structural changes to intricate design solutions, executed with precision and care. Key features include specialized skills, custom design solutions, time efficiency, and regulatory compliance. Professionals manage tasks such as HVAC upgrades, electrical rewiring, plumbing system improvements, and energy efficiency upgrades using sustainable materials and modern home design trends. Safety enhancements and smart home technology installations are also common, along with home renovation inspiration and remodeling p

The DIY Home Improvement Market Segments by Product Type (Building Materials, Paints and Coatings, Tools and Equipment, and More), by Distribution Channel (Home-Improvement / DIY Stores, Online Pure-Play Retail, and More), by Project Type (Interior Remodel, Exterior / Curb Appeal, and More) and Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

The UK home improvement market size reached USD 14.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.6 Billion by 2033, exhibiting a growth rate (CAGR) of 4.3% during 2025-2033. The market is propelled by the rising demand for energy-efficient homes, increased focus on home aesthetics and interior design, growing adoption of smart home technology, and a rise in DIY projects and home renovation during the pandemic.

Home Improvement Market size was valued at USD 761.6 Million in 2024 and is projected to reach USD 995.16 Million by 2032, growing at a CAGR of 3.4% from 2026 to 2032.Rising Consumer Spending on Home Renovation and Remodeling Projects: One of the most significant catalysts for the home improvement market is the consistent increase in consumer spending allocated to renovation and remodeling. This trend is fueled by several factors, including a desire to personalize living spaces, adapt homes to evolving family needs, and enhance overall property value.Increasing Demand for Smart Home Technologies and Energy Efficient Solutions: The digital revolution has profoundly impacted the home improvement sector, manifesting as an escalating demand for smart home technologies and energy efficient solutions. Consumers are no longer content with basic functionalities; they seek integrated systems that offer convenience, security, and significant cost savings.

Discover the booming home improvement retail market! This in-depth analysis reveals key growth drivers, market trends, and competitive insights, projecting significant expansion through 2033. Learn about leading companies, regional variations, and the future of DIY and home renovation.

In 2022, the home improvement market size in Thailand had a value of about *** billion euros. The country's home improvement market size dropped in 2020 due to the impact of the COVID-19 outbreak, before retrieving in the following years as people spent more time at home.

The Home Remodeling Market report segments the industry into Project Type (DIY(Do it Yourself), Professional), By Distribution Channel (Online, Offline), By Application (Windows and Doors, Kitchen and Bathroom, Floor and Roof, Walls, Other Applications), and By Geography (North America, Europe, Asia Pacific, Middle East and Africa, South America). Five years of historical data and market forecasts are included.

The European DIY home improvement market, valued at $192.88 billion in 2025, is projected to experience steady growth, driven by several key factors. A rising homeowner population, coupled with increasing disposable incomes across major European economies like Germany, the UK, and France, fuels demand for home renovation and improvement projects. The growing popularity of home-styling trends showcased on social media and home improvement television shows further stimulates consumer interest in upgrading their living spaces. Specifically, the "lumber and landscape management" segment is expected to be a significant contributor to market growth, reflecting a surge in interest in outdoor living spaces and garden enhancements. The "decor and indoor garden" segment also shows strong potential, driven by increasing demand for personalized and aesthetically pleasing home environments. While online channels are gaining traction, offline retailers remain dominant, highlighting the importance of a robust physical presence for successful market penetration. However, the market faces challenges including fluctuating material costs, supply chain disruptions, and potential economic downturns which could impact consumer spending on discretionary items like home improvements. The competitive landscape is characterized by both large multinational corporations and smaller specialized retailers, resulting in a dynamic market with ongoing innovation in products and services. Growth will likely be strongest in markets exhibiting strong economic performance and a culture of home ownership. The forecast period of 2025-2033 suggests a sustained CAGR of 3.2%. This growth, while moderate, indicates a resilient market despite potential headwinds. Further segmentation analysis reveals that the kitchen renovation segment benefits from increasing interest in modernizing kitchens and optimizing space. The painting and wallpaper segment reflects continuous demand for interior refresh and aesthetic enhancement. Geographical analysis indicates that Germany, the UK, and France will be key growth drivers within Europe, reflecting their large populations, strong economies, and established home improvement sectors. Strategic partnerships, product diversification, and focusing on sustainable and eco-friendly products will be critical success factors for companies vying for market share. The increasing awareness of environmental concerns is leading to a growing demand for sustainable building materials and eco-friendly renovation practices, presenting both opportunities and challenges for companies operating within the sector.

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US Do-It-Yourself Home Improvement Market Size 2025-2029

The US do-it-yourself (DIY) home improvement market size is forecast to increase by USD 54.83 billion at a CAGR of 3.7% between 2024 and 2029.

In the home improvement market, the wave in interest for DIY projects has been noteworthy. Homeowners are increasingly focusing on personalizing their living spaces through DIY initiatives. The availability of advanced tools and hardware from retailers like Toolstation and Walmart's online revenues has made it more accessible for consumers to undertake such projects. Furthermore, urbanization has led to a higher demand for wallpaper and supplies to enhance the aesthetic appeal of apartments and condos. A significant shift in consumer behavior is observed, as they move towards Do-It-For-Me (DIFM) services from the traditional DIY culture. Augmented Reality (AR) technology is also gaining traction in home improvement projects, offering a more interactive experience for consumers.

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The DIY home improvement market in the United States has witnessed significant growth in recent years, driven by various factors. With the increasing number of home purchases and the trend towards urbanization, consumers have shown a strong preference for enhancing their living spaces. One of the primary reasons for the growth of the DIY home improvement market is the hectic lifestyles of modern consumers. Homeowners are increasingly opting for DIY projects to save time and money, as opposed to hiring professional services. This trend is particularly prominent in the areas of painting, electrical work, plumbing, and light installation. Another factor fueling the growth of the DIY home improvement market is the availability of building materials and tools through various distribution channels. E-commerce platforms have emerged as a popular choice for consumers due to their convenience and wide range of offerings. Online stores provide easy access to a vast selection of electrical work materials, plumbing materials & equipment, tools & hardware, and lighting. Moreover, consumers are becoming more environmentally conscious and are looking for ways to reduce their carbon footprint. DIY home improvement projects offer an opportunity to minimize the use of hazardous chemicals and plastic waste.
The geographical expansions of retail suppliers have also played a role in the growth of the DIY home improvement market. With the increasing popularity of DIY projects, retailers have expanded their reach to cater to consumers in different regions. This has led to an increase in the availability of DIY home improvement products and services. Despite the growth of the DIY home improvement market, there are challenges that need to be addressed. Ensuring the safety of DIY projects is a major concern, particularly in areas such as electrical work and plumbing. Consumers need access to accurate information and resources to ensure that their DIY projects are safe and effective. In conclusion, the DIY home improvement market in the United States is thriving, driven by factors such as home purchases, urbanization, hectic lifestyles, and the availability of building materials and tools through various distribution channels. The market is expected to continue growing, with consumers increasingly seeking eco-friendly solutions and retailers expanding their reach to cater to the demand. However, ensuring the safety of DIY projects remains a key challenge that needs to be addressed.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Lumber and landscape management
  Tools and hardware
  Decor and indoor garden
  Kitchen
  Lighting and others


Distribution Channel

  Offline
  Online


Application

  Residential
  Commercial


Geography

  US

By Product Insights

The lumber and landscape management segment is estimated to witness significant growth during the forecast period.

The DIY home improvement market is experiencing significant growth as more individuals take on projects to customize and enhance their homes. Homeowners are increasingly focusing on lumber and landscaping projects to boost the appeal and value of their properties. These endeavors enable individuals to engage in activities such as vegetable gardening, flower cultivation, and creating decorative gardens. DIY landscape projects, including garden beds, pathways, and water features, offer opportunities for homeowners to express their creativity and improve their outdoor environments. Sustainability is a key consideration in DIY home improvement projects, with many individuals optin

According to Cognitive Market Research, the global DIY Home Improvement market size was USD 861425.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 344570.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 258427.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 198127.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 43071.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 17228.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The tools and equipment segment category is the fastest growing segment of the DIY Home Improvement industry

Market Dynamics of DIY Home Improvement Market

Key Drivers for DIY Home Improvement Market

The popularity of home improvement TV shows inspires DIY projects: Home improvement TV shows have significantly influenced consumer behavior by showcasing the transformative power of DIY projects. Programs that feature renovations, design makeovers, and step-by-step tutorials engage viewers and provide them with practical ideas for their own homes. These shows often highlight achievable projects, making DIY more accessible to a broader audience, including those who may lack prior experience. The charisma of hosts and the dramatic transformations presented on-screen inspire viewers to take on similar challenges, fostering a DIY culture. Additionally, the sense of community generated by these shows encourages social media sharing of personal projects, further motivating individuals to embark on their own DIY journeys, ultimately driving demand for tools, materials, and home improvement products. For instance, B&Q, a leading home improvement retailer in the UK, has launched a new online marketplace aimed at significantly enhancing its e-commerce offerings. This initiative will add approximately 100,000 products from third-party sellers within six months, expanding its current inventory to over 140,000 items. The marketplace is a partnership with Mirakl, a prominent marketplace SaaS provider. This move is designed to meet the growing consumer demand for more choices and convenience in online shopping, integrating both online and in-store services such as Click & Collect?

Increased time spent at home post-pandemic fuels DIY activities and renovations: The COVID-19 pandemic has fundamentally altered lifestyles, leading to a surge in DIY activities and home renovations as people spend more time at home. With remote work becoming commonplace, individuals have begun to see their living spaces in a new light, identifying areas that require improvement or personalization. This increased focus on home environments has led to a heightened interest in DIY projects, as homeowners seek to enhance comfort and functionality. Additionally, the limitations on travel and leisure activities have redirected consumer spending towards home improvement rather than entertainment. As a result, there has been a notable uptick in demand for DIY products, tools, and materials, as homeowners invest time and resources into creating spaces that reflect their personal styles and needs.

Restraint Factor for the DIY Home Improvement Market

Economic downturns can reduce consumer spending on non-essential home improvements: Economic downturns can significantly impact consumer behavior, leading to reduced spending on non-essential home improvements. During periods of financial uncertainty, individuals often prioritize essential expenses such as housing, food, and healthcare, resulting in a tighter budget for discretionary spending. Home improvement projects, which may be seen as non-essential, often get postponed or eliminated altogether in favor of more pressing financial obligations. Consumers may become more risk-averse, opting for repairs and maintena...

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Europe DIY Home Improvement Market Size 2025-2029

Europe diy home improvement market size is forecast to increase by USD 32.9 billion at a CAGR of 3.2% between 2024 and 2029.

The European DIY home improvement market is witnessing significant growth, driven by the rising interest in DIY projects among consumers. This trend is fueled by the increasing availability of user-friendly tools and resources, enabling individuals to take on home improvement tasks with greater confidence. Technological advances in DIY tools, such as smart home technology and power tools, are making projects more efficient and accessible. However, the market faces challenges from the DIFM (Do It For Me) industry, which offers professional services for home improvement projects. This competition puts pressure on DIY retailers to differentiate themselves through competitive pricing, quality offerings, and value-added services.
To capitalize on market opportunities, DIY home improvement companies should focus on enhancing their online presence, expanding their product ranges, and offering expert advice and support to customers. Effective operational planning and strategic partnerships can also help companies navigate the competitive landscape and meet the evolving needs of the European DIY home improvement market.

Major Market Trends & Insights

  By the Product, the Lumber and landscape management sub-segment is the fastest growing segment in the forecast year.
  By the Distribution Channel, the Offline sub-segment accounted for the largest market revenue share.

What will be the size of the Europe DIY Home Improvement Market during the forecast period?

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European DIY home improvement market continues to evolve, with consumers increasingly focusing on various sectors to enhance their living spaces. Tile selection and flooring installation projects remain popular, with sales growing by 5% in the last year. Electrical system upgrades, such as the integration of smart home technology, are also gaining traction, with industry growth expectations reaching 3% annually. Homeowners are also prioritizing energy efficiency, leading to an uptick in insulation installation and window styles selection. Furthermore, safety regulations and building code compliance are essential considerations in home maintenance schedules, driving demand for project completion checklists and repair techniques.
Homeowners are also exploring energy audits, material sourcing options, and home improvement loans to finance their projects. The market is further characterized by the ongoing adoption of home renovation software, which facilitates project timeline management and budgeting tips. Additionally, homeowners are experimenting with landscaping techniques, deck design ideas, and paver installation, among other projects. Cabinet hardware, door hardware, and countertop materials are also popular choices for home improvement projects. Tool maintenance tips and safety regulations are crucial aspects of DIY home improvement, ensuring optimal project outcomes. Fence types and drywall repair are other areas of focus for homeowners seeking to enhance their property's appearance and functionality.

How is this Europe DIY Home Improvement Market segmented?

The Europe diy home improvement market market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029,for the following segments.

Product

  Lumber and landscape management
  Decor and indoor garden
  Painting and wallpaper
  Others


Distribution Channel

  Offline
  Online


Product Category

  Tools
  Hardware
  Flooring
  Plumbing


End-User

  Homeowners
  Renters
  DIY Enthusiasts


Project Type

  Renovation
  Repair
  Decoration


Geography

  Europe

    France
    Germany
    Italy
    UK

By Product Insights

The lumber and landscape management segment is estimated to witness significant growth during the forecast period.

The European DIY home improvement market is witnessing significant growth, with a focus on various aspects of home renovation and upgrades. Drywall installation methods continue to evolve, offering easier and more efficient solutions for homeowners. Window replacement options are increasingly leaning towards energy efficiency and sustainability, with consumers opting for double-glazed and triple-glazed windows. Sustainable building materials, such as recycled insulation and eco-friendly flooring, are gaining popularity. Renovation project management tools, including interior design software, help homeowners plan and execute projects more effectively. Water conservation fixtures, such as low-flow showerheads and dual-flush toilets, are becoming standard in modern homes.

Deck building materials, like composite and PVC, offer durability and low maintenance. Home improvement financing options

Check Market Research Intellect's Home Remodeling Market Report, pegged at USD 450 billion in 2024 and projected to reach USD 650 billion by 2033, advancing with a CAGR of 5.5% (2026-2033).Explore factors such as rising applications, technological shifts, and industry leaders.

Market Size statistics on the Home Improvement Stores industry in the US

In 2024, home improvement sales in the United States amounted to around ***** billion U.S. dollars. By 2028, this amount is expected to reach almost *** billion U.S. dollars. Home improvement chains With sales close the *** billion U.S. dollar mark, The Home Depot was the leading home improvement chain in the United States in 2023. Other large chains in the industry included Lowe’s (Home Depot’s main competitor), Sherwin-Williams, Tractor Supply, and Menards that year. In terms of customer satisfaction however, The Home Depot ranked fourth in 2024, while Menards received the highest ratings. The Home Depot Home Depot is the largest home improvement retail store in the United States. The company was founded in Atlanta, Georgia in 1978. When visiting one of their stores, consumers would typically spend an average of ***** U.S. dollars in 2024. Lowe’s customers, on the other hand, spent about ****** U.S. dollars per visit.

Germany DIY Home Improvement Market is Segmented by Product Category (Building Materials, Tools and Equipment, and More), by Project Type (Renovation, Remodeling, New Construction), by Distribution Channel (DIY Superstores, Specialty Hardware Stores, and More), by Region (Bavaria, Baden-Württemberg, North Rhine-Westphalia, Lower Saxony, and More). The Market Forecasts are Provided in Terms of Value (USD).