In 2024, home improvement sales in the United States amounted to around 526.1 billion U.S. dollars. By 2028, this amount is expected to reach almost 590 billion U.S. dollars. Home improvement chains With sales close the 153 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 90.07 U.S. dollars in 2023. Lowe’s customers, on the other hand, spent about 103.51 U.S. dollars per visit.

The global home improvement market is likely to expand from USD 916.07 billion in 2024 to USD 2.05 trillion by 2037, registering a CAGR of around 6.4% during the forecast timeline, from 2025 through 2037. Key industry players include Home Depot, Lowe's, Ferguson Enterprises, LLC, among others.

As of 2024, Lowe's and its related businesses operated nearly 1,750 stores around the world. In that year, the average amount spent by consumers amounted to about 103 U.S. dollars, around 14 U.S. dollars more than the average spent in the Home Depot. How does Lowe’s compare to its competitors? As of 2024, Lowe’s was the fifth runner-up in terms of customer satisfaction alongside Menards, The Home Depot, Study Average, and Ace Hardware, the leading improvement store chains in the United States. In 2023, The Home Depot was the leading hardware and home improvement retail chain in the United States in terms of sales. Lowe’s took second place on this listing, putting it ahead of companies such as Ace Hardware and Menards. Home improvement retail in the U.S. In recent years, the U.S. home improvement industry has witnessed steady growth, and the trend is expected to continue in the near future. According to one forecast, homeowner improvements and repair expenditures are expected to reach roughly 509 billion U.S. dollars in the fourth quarter of 2025.

The Report Covers the Analysis and Share of the Global DIY Home Improvement Market and is Segmented by Product Type (Lumber and Landscape Management, Decor and Indoor Garden, Kitchen, Painting and Wallpaper, Tools and Hardware, Building Materials, Lighting, Plumbing and Equipment, Flooring, Repair and Replacement, And Electrical Work), Distribution Channel (DIY Home Improvement Stores, Specialty Stores, Online, Furniture, And Other Physical Stores), And Geography (North America, South America, Europe, Asia-pacific, And Middle East and Africa). The Report Offers Market Size and Forecasts for the Global DIY Home Improvement Market in Value in USD for all the Above Segments.

The worldwide home improvement market was valued at 763 billion U.S. dollars in 2020. With a compound annual growth rate (CAGR) of more than four percent, the home improvement market value was expected to surpass the trillion dollar mark by 2027.

The global home improvement services market size reached USD 371.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 529.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.82% during 2025-2033. The increasing need for remodeling of homes, rising adoption of smart homes, and the growing requirement for energy-efficient living spaces represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each sub-segment of the global home improvement services market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, buyers age and city type.

Vietnam's Home Improvement Market Report is Segmented by Project (DIY and DIFM) and by Type (Kitchen Improvement & Additions, Bath Improvement & Additions, System Upgrades, Exterior Replacements, Interior Replacements, Property Improvements, and Disaster Repairs). The Report Offers Market Size and Forecasts for the Vietnam Home Improvement Market in Terms of Revenue (USD) for all the Above Segments.

Vietnam home improvement market size is projected to exhibit a growth rate (CAGR) of 2.62% during 2024-2032. The rising availability of skilled labor and contractors specializing in various home improvement services, favorable government initiatives, favorable government initiatives promoting housing and property development and escalating demand for renovation and enhancement represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on project and type.

Home Improvement Market size was valued at USD 761.6 Million in 2024 and is projected to reach USD 995.16 Million by 2031, growing at a CAGR of 3.40% during the forecasted period 2024 to 2031.

The Home Improvement Market is driven by increasing consumer focus on enhancing living spaces, fueled by rising disposable incomes and changing lifestyle trends. The growing popularity of DIY (do-it-yourself) projects, supported by online tutorials and affordable tools, is a significant factor. Urbanization and the expansion of residential real estate drive demand for renovations, remodeling, and modern home solutions. Technological advancements, such as smart home systems and energy-efficient upgrades, attract environmentally conscious consumers. Additionally, government incentives for sustainable housing improvements and the influence of social media trends further stimulate market growth.

Global home improvement market size was valued USD 340.81 billion in 2022 and is expected to rise to USD 490.13 billion by 2030 at a CAGR of 4.65%.

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.

Explore the Home Improvement Services Market trends! Covers key players, growth rate 5.8% CAGR, market size $479.05 Billion, and forecasts to 2034. Get insights now!

Home improvement industry sales reached approximately 58.5 billion Canadian dollars in 2021. This was an increase in comparison to the figure in 2020. The sales value was projected to continue growing in the coming years. Canada is home to many home improvement retailers, with the largest number of stores being located in Ontario.

Competition for sales

Building centers and big box stores are the two main types of stores where consumers spend their money on home improvement products. They hold a share of around 51 and 29 percent of the whole market, respectively. When it came to retailers, in 2020 Home Depot is the industry leader in terms of annual sales. That year, Home Depot Canada brought in approximately 10.4 billion Canadian dollars in sales. Lowe’s Canada and Home Hardware Stores followed in second and third place, with sales of roughly eight and 7.7 billion Canadian dollars respectively.

Consumer’s preference

According to a 2019 survey, Home Depot is Canadian consumers’ favorite DIY and home improvement retailer to shop at by a large margin. There were a total of 182 Home Depot stores nationwide in 2022.

The Home Remodeling Market Report is Segmented by Project Type ( DIY (Do It Yourself) and Professional), by Distribution Channel (Online and Offline), by Application (Windows and Doors, Kitchen and Bathroom, Floor and Roof, Walls, and Other Applications), and by Geography (North America, Europe, Asia Pacific, Middle East and Africa and South America). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

This statistic shows the e-commerce sales of the home improvement industry in the United States in 2013. In that year, the U.S. home improvement industry generated 27 billion U.S. dollars of its 300+ billion U.S. dollar industry from short-term online sales.

The global home improvement retail market is expected to reach a value of USD 1,290.8 billion by 2033, exhibiting a CAGR of 6.1% during the forecast period of 2025-2033. The expansion of the market can be attributed to the rising demand for home improvement projects fueled by growing disposable income, increased homeownership rates, and a shift towards do-it-yourself (DIY) projects. Additionally, the increasing popularity of smart home devices and systems is anticipated to drive market growth as consumers seek to enhance the functionality and convenience of their homes. Key trends shaping the home improvement retail market include the emergence of e-commerce, the growing popularity of sustainable and eco-friendly products, and the adoption of innovative technologies such as artificial intelligence (AI) and augmented reality (AR). The shift towards online retail has enabled consumers to easily access a wider selection of products and compare prices, while the adoption of AI and AR is enhancing the customer experience by providing personalized recommendations, virtual tours, and interactive product demos. These trends are expected to continue to drive market growth over the coming years, as consumers increasingly seek convenient, personalized, and sustainable home improvement solutions. The home improvement retail market is a large and growing industry, with a global market size of $663.3 billion in 2019. The market is expected to grow to $940.3 billion by 2027, at a compound annual growth rate (CAGR) of 4.7%. The growth of the home improvement retail market is being driven by a number of factors, including:

The increasing popularity of home improvement projects The rising cost of housing The aging population The growing number of single-family homes

The home improvement retail market is concentrated in a few major players, including The Home Depot, Lowe's, and Menard's. These companies have a strong presence in the United States and are expanding into other markets. The home improvement retail market is characterized by a number of trends, including:

The growing popularity of online shopping The increasing use of mobile devices for home improvement projects The rising demand for sustainable products The growing popularity of smart home products

The home improvement retail market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing popularity of home improvement projects, the rising cost of housing, the aging population, and the growing number of single-family homes.

The Netherlands DIY Home Improvement Market is segmented By Product Type (Lumber and Landscape Management, D�cor and Indoor Garden, Kitchen, Painting and Wallpaper, Tools and Hardware, Building Materials, Lighting, Plumbing and Equipment, Flooring, Repair and Replacement, and Electrical Work), By Distribution Channel (DIY Home Improvement Stores, Specialty Stores, Online, Others).

The Sweden DIY Home Improvement Market Is Segmented By Product Type (Lumber and Landscape Management, D�cor and Indoor Garden, Kitchen, Painting and Wallpaper, Tools and Hardware, Building Materials, Lighting, Plumbing and Equipment, Flooring, Repair and Replacement, and Electrical Work), By Distribution Channel (DIY Home Improvement Stores, Specialty Stores, Online, Others).

The home improvement service market is projected to reach a value of $674.77 billion by 2033, exhibiting a CAGR of 7.89% from 2025 to 2033. The industry is driven by factors such as the increasing demand for home improvement projects due to rising disposable incomes, growing urbanization, and the trend of homeowners prioritizing home renovations over moving. Technological advancements and the adoption of smart home solutions also contribute to market growth. The market is segmented into various categories based on improvement type, property type, service provider type, and project scope, providing insights into the different aspects of the industry. Key trends shaping the market include the growing popularity of DIY projects, the increasing adoption of sustainable practices, and the emergence of online platforms for home improvement services. Restraints to market growth include the impact of economic downturns, volatility in raw material prices, and skilled labor shortages. The market is dominated by large companies such as The Home Depot and Lowe's, but smaller contractors and handymen also hold a significant share. The competitive landscape is characterized by mergers and acquisitions, as well as partnerships with manufacturers and distributors. The market is expected to see significant growth in developing regions, particularly in Asia Pacific, due to rapid urbanization and rising incomes. Recent developments include: The home improvement service market is projected to reach USD 1,336.3 billion by 2032, exhibiting a CAGR of 7.89% during the forecast period (2024-2032). The growing demand for home renovations, increasing disposable income, and rising urbanization are major factors driving market growth. Additionally, the adoption of smart home technologies and the increasing popularity of DIY home improvement projects are further contributing to market expansion. Key market players are focusing on expanding their service offerings, investing in research and development, and adopting sustainable practices to meet evolving consumer demands. Recent news developments include the launch of new home improvement products and services, collaborations between home improvement companies and technology providers, and the emergence of online platforms for home improvement services.. Key drivers for this market are: Renovation and Remodeling Smart Home Integration Sustainability Focus Ecommerce Expansion Advanced Technologies. Potential restraints include: Rising homeownership rates, increasing disposable income; aging housing stock; growing popularity of DIY projects; advancements in smart home technology.

Germany DIY Home Improvement Market is Segmented By Product Type (Lumber and Landscape Management, D cor and Indoor Garden, Kitchen, Painting and Wallpaper, Tools and Hardware, Building Materials, Lighting, Plumbing and Equipment, Flooring, Repair and Replacement, and Electrical Work), By Distribution Channel (DIY Home Improvement Stores, Specialty Stores, Online, Others).