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.

The global home improvement market size was valued at around USD 916.07 billion in 2024 and is projected to grow at a CAGR of more than 6.4%, reaching USD 2.05 trillion revenue by 2037. DIY segment is likely to hold 60% share by 2037, influenced by growing popularity of online retail channels and the economical and psychological benefits of DIY projects.

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%.

DIY Home Improvement Market Outlook

The DIY home improvement market was valued at approximately USD 735 billion in 2023 and is projected to reach a market size of USD 1,215 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 6%. This market growth is driven by a range of factors, including rising consumer interest in personalizing living spaces, an increase in homeownership rates, and the growing trend of remote work, which has heightened the desire for comfortable and functional home environments. The shift towards DIY projects is further fueled by easy access to online tutorials and the increasing availability of diverse and affordable home improvement products.

One of the primary growth drivers of the DIY home improvement market is the increasing consumer inclination towards customization and personalization of living spaces. As individuals seek to express their unique identities through their homes, there is a burgeoning demand for products and tools that allow for creative and personalized modifications. This trend is bolstered by the proliferation of social media platforms, where users share their DIY projects, inspiring others to embark on similar ventures. The growth of online communities focused on DIY home improvement has also contributed to this trend, providing support and resources for both novice and experienced DIY enthusiasts.

Another significant growth factor for the market is the rising rate of homeownership, particularly among younger generations. Millennials and Gen Z are entering the housing market at increasing rates, and many of these new homeowners are embracing DIY projects as a means of saving on costs and adding personal touches to their properties. Additionally, the economic shifts induced by the ongoing global pandemic have led to an increased focus on home-based activities, including improvement projects, as people spend more time at home and prioritize their living spaces. This has led to a surge in demand for DIY home improvement products, as individuals seek to create more comfortable and aesthetically pleasing environments.

The DIY home improvement market's growth is also supported by technological advancements that have made tools and materials more accessible and user-friendly. The development of innovative products that simplify complex home improvement tasks has expanded the market's reach, attracting a broader customer base beyond the traditional DIY enthusiasts. Furthermore, the integration of smart home technology into DIY projects is creating new opportunities for market growth, as consumers look to upgrade their homes with the latest technological advancements. As the trend towards smart home integration continues, the demand for compatible DIY products is expected to rise, providing a further boost to the market.

Regionally, the DIY home improvement market is witnessing significant growth in North America and Europe, driven by a strong cultural inclination towards home improvement activities and well-established retail networks that offer a wide range of products. In the Asia-Pacific region, the market is expanding rapidly due to increasing disposable incomes and the growing trend of urbanization, which is leading to a higher demand for residential properties and subsequent home improvement activities. Latin America and the Middle East & Africa are also experiencing moderate growth, supported by economic development and rising interest in home improvement projects. Overall, these regional dynamics underline the global nature of the DIY home improvement market and its ability to adapt to varying consumer needs and economic conditions.

Product Type Analysis

The product type segment in the DIY home improvement market is diverse, encompassing tools, building materials, hardware, paints and coatings, and other related products. Tools are a critical component of the DIY market, as they enable consumers to perform a wide range of tasks, from basic repairs to complex renovations. The increasing availability of affordable, high-quality tools has democratized access to DIY activities, encouraging more consumers to undertake projects themselves. Tool innovation, such as battery-powered and cordless options, further enhances usability, making DIY projects more accessible to non-professionals. This segment benefits from continuous technological advancements, which improve tool efficiency and user-friendliness.

Building materials play a pivotal role in the DIY home improvement market, providing the essential components needed for construction and renovation projects. The increasing demand for envir

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).

Home Remodeling Market Outlook

The global home remodeling market size is experiencing robust growth, with the market valued at approximately USD 950 billion in 2023. It is projected to reach around USD 1,450 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2032. This impressive growth trajectory can be attributed to several key factors, including increasing consumer demand for home improvement, the aging housing stock in developed regions, and the rising trend of personalization and modernization in living spaces.

The first driving factor behind this growth is the shifting consumer preference towards more sustainable and energy-efficient homes. As awareness of environmental issues grows, homeowners are increasingly investing in remodeling projects that incorporate energy-saving technologies and sustainable materials. This trend not only helps reduce carbon footprints but also lowers utility bills, making home remodeling an attractive investment. Furthermore, governments worldwide are offering incentives and rebates for energy-efficient home improvements, further fueling market growth.

Another significant growth factor is the aging housing stock, particularly in developed regions such as North America and Europe. Many homes in these areas were built several decades ago and are in need of modernization and renovation to meet current safety, design, and functionality standards. This has created a substantial demand for remodeling services, as homeowners seek to upgrade their properties to enhance comfort, aesthetic appeal, and market value. Additionally, the economic recovery following the COVID-19 pandemic has led to increased disposable incomes, allowing more homeowners to embark on renovation projects.

Technological advancements have also played a crucial role in the expansion of the home remodeling market. Innovations such as smart home technology, 3D printing, and virtual reality are transforming the way remodeling projects are designed and executed. These technologies enable homeowners to visualize their renovations before they are completed, ensuring that the final results meet their expectations. The integration of smart home systems is particularly popular, as it offers improved convenience, security, and energy management, thereby enhancing the overall value of the property.

The role of Hardware & Home Improvement Retailers is pivotal in the home remodeling market. These retailers provide a wide range of products and materials essential for remodeling projects, from basic construction supplies to high-end fixtures and finishes. As the market continues to grow, these retailers are expanding their product offerings to include sustainable and energy-efficient options, catering to the increasing consumer demand for eco-friendly solutions. Furthermore, many retailers are enhancing their customer service through personalized consultations and design services, helping homeowners make informed decisions about their remodeling projects. By leveraging both online and offline channels, Hardware & Home Improvement Retailers are able to reach a broader audience and provide a seamless shopping experience, thus playing a crucial role in the market's expansion.

Regionally, the home remodeling market is witnessing varied growth patterns. In North America, the market is driven by a high rate of homeownership and a strong culture of DIY home improvement, leading to steady market growth. The Asia Pacific region is expected to exhibit the highest growth rate, driven by rapid urbanization, increasing disposable income, and a growing middle class population with a penchant for home improvement. Europe also presents significant opportunities, particularly in countries with an aging housing stock and stringent energy efficiency regulations. Meanwhile, Latin America and the Middle East & Africa are emerging markets with promising potential, although they currently contribute a smaller share to the global market.

Type Analysis

The home remodeling market can be segmented by type, with key categories including kitchen remodeling, bathroom remodeling, exterior additions, interior additions, and others. Kitchen remodeling is one of the most popular types of projects undertaken by homeowners, as the kitchen is often considered the heart of the home. Modernizing kitchen spaces with new cabinetry, countertops, appliances, and layouts can greatly enhance functionality and aesthetic appeal. The trend

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.

One Stop Home Improvement Market Outlook

The global one stop home improvement market size was valued at approximately $450 billion in 2023 and is projected to reach around $800 billion by 2032, expanding at a CAGR of 6.5% during the forecast period. This robust growth can be attributed to factors such as rising urbanization, increasing disposable incomes, and a growing trend towards home customization and improvement across the world.

One of the primary growth drivers of the one stop home improvement market is the rising trend of urbanization. As more people migrate to urban areas, the demand for housing and home improvement services escalates. Urban dwellers tend to invest more in home renovation and remodeling to optimize their living spaces in often smaller urban apartments. Additionally, urban areas are more likely to see higher disposable income and dual-income households, both contributing to higher spending on home improvement activities. The convenience of one-stop solutions that offer comprehensive services from renovation to maintenance further propels the market demand.

Technological advancements and innovations in materials and design are also significant drivers. Smart home technologies, energy-efficient solutions, and advanced materials like sustainable composites and modular components are revolutionizing the home improvement sector. Consumers are increasingly inclined towards integrating smart devices that offer enhanced security, convenience, and energy efficiency. These technological trends are not only boosting the demand for home improvement services but also raising the bar for the quality and variety of services offered, thus driving market growth.

The surge in DIY (Do-It-Yourself) culture, particularly during and post-pandemic periods, has further fueled the market. The lockdowns and social distancing measures saw a rise in people undertaking home improvement projects themselves, creating a boom in the demand for home improvement products and services. This trend has continued as people have become more accustomed to spending time at home and investing in making their living spaces more comfortable and functional. Moreover, the availability of online tutorials and increasing awareness and confidence in DIY projects contribute significantly to market expansion.

Regionally, North America remains a dominant market due to the high rate of homeownership and substantial investments in home improvement activities. The presence of major players and the increasing trend of home customization contribute to the region's market growth. Europe follows closely, driven by a mix of modern and historical homes requiring continuous renovation and maintenance. The Asia Pacific region is expected to witness the fastest growth due to rapid urbanization, rising disposable incomes, and increased awareness and adoption of home improvement services.

Service Type Analysis

Within the one stop home improvement market, the service type segment includes renovation, remodeling, repair, and maintenance services. Renovation services hold a significant market share, driven by the need to update and modernize aging homes. Homeowners often opt for renovation to enhance the aesthetic appeal and functionality of their living spaces, which not only improves their quality of life but also boosts property values. This service type sees substantial demand from both residential and commercial sectors, with the latter focusing on improving office spaces, retail outlets, and hospitality venues.

Remodeling services are another crucial segment, catering to the growing desire of homeowners to modify their existing structures to better suit their needs. This includes structural changes, room additions, and major alterations to living spaces. The trend towards open floor plans, energy-efficient homes, and modernized kitchens and bathrooms are significant contributors to the growth of this segment. Remodeling services are often more extensive and costlier than simple renovations, but they offer substantial returns in terms of functionality and property value.

Repair services form an essential part of the market, addressing the need for fixing and restoring parts of a home that are damaged or malfunctioning. This could range from minor repairs like fixing leaks and electrical issues to more significant undertakings such as addressing structural damages caused by natural disasters or wear and tear. The continuous need for maintaining the integrity and safety of homes drives the demand for repair services, making it a steady and reliable segment wi

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.

Global Home Improvement Services market size is expected to reach $479.05 billion by 2029 at 5.8%, segmented as by type, kitchen renovation and addition, bathroom renovation and addition, exterior and interior replacements, system upgrades

Home Improvement Retail Market Outlook

The global market size of the Home Improvement Retail sector was valued at approximately $800 billion in 2023 and is forecasted to reach around $1.2 trillion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5%. This robust growth is driven by several factors, including rising disposable incomes, increasing urbanization, and a growing trend towards DIY (Do-It-Yourself) home improvement activities.

The growth in the Home Improvement Retail market can be largely attributed to the rising disposable incomes and increased consumer spending on home renovations and improvements. As economic conditions improve globally, consumers have more financial resources to invest in their homes, making them more likely to purchase products from this market. Additionally, the growing trend of working from home has led many to consider revamping their living spaces to create a more conducive environment for work and leisure, further driving the market’s expansion.

Another significant growth factor is the surge in urbanization. With more people moving to urban areas, there is a heightened demand for housing and consequently for home improvement products. Urban dwellers are often more inclined to invest in modern and efficient home improvement solutions due to limited space and the high cost of living. This has led to an increased demand for innovative and space-saving home improvement products such as modular kitchens, multi-functional furniture, and energy-efficient appliances.

The rising popularity of DIY activities is also playing a crucial role in boosting the Home Improvement Retail market. With the plethora of online tutorials and resources available, more consumers are taking on home improvement projects themselves rather than hiring professionals. This trend is particularly strong among younger consumers who view DIY projects as a way to personalize their living spaces and save on labor costs. Retailers are responding to this trend by offering a wide range of DIY-friendly products and tools, as well as instructional content to aid consumers in their projects.

The regional outlook for the Home Improvement Retail market reveals that North America and Europe are the dominant regions, with significant growth also expected in the Asia Pacific region. North America holds a substantial share of the market due to the high rate of homeownership and the prevalence of DIY culture. Europe follows closely, driven by the region's aesthetic value on home decor and renovations. Meanwhile, the Asia Pacific region is anticipated to experience the highest growth rate, driven by increasing urbanization, rising disposable incomes, and a growing middle class. These factors create a fertile ground for the market to flourish in these regions.

Product Type Analysis

In the Home Improvement Retail market, products can be broadly categorized into several types: Building Materials, Home Decor, Tools and Hardware, Outdoor Living, and Others. The Building Materials segment holds a substantial share of the market due to the continuous demand for construction materials amidst growing urbanization and housing projects. This segment is crucial as it includes essential items like cement, bricks, and lumber, which are fundamental to any home improvement or construction project. The growing trend of sustainable and eco-friendly construction materials is further driving growth in this segment, as consumers become more environmentally conscious.

The Home Decor segment is gaining traction due to the rising interest in interior design and the personalization of living spaces. Consumers are increasingly investing in decorative items such as furniture, lighting, and accessories to enhance the aesthetic appeal of their homes. This segment is also influenced by trends in fashion and design, which are seeing a rapid evolution. The advent of digital platforms has made it easier for consumers to stay updated on the latest trends, thereby driving the demand for contemporary and stylish home decor products.

Tools and Hardware is another significant segment within the Home Improvement Retail market. This category includes essential tools, equipment, and hardware necessary for various home improvement tasks. The increase in DIY activities has led to a surge in demand for high-quality, user-friendly tools that cater to both novice and experienced DIY enthusiasts. Retailers are increasingly focusing on offering a wide range of tools that are easy to use and come with detailed instructions, thus catering to the growing DIY market.<

The Sweden DIY Home Improvement Market Segmented by Product Type (Lumber & Landscape Management, Decor & Indoor Garden, and More), by Distribution Channel (DIY Home-Improvement Stores, Specialty Stores, and More), by Project Type (Aesthetic Upgrades, Energy-Efficiency Retrofits, and More), by End-User (Owner-Occupied Houses, Owner-Occupied Apartments, and More). The Market Forecasts are Provided in Terms of Value (USD).

Comprehensive dataset of 30,726 Home improvement stores in United States as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The global DIY home improvement instruments market is experiencing robust growth, driven by increasing disposable incomes, a surge in homeownership, and a growing preference for personalized home spaces. The market, estimated at $250 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching an estimated $400 billion by 2033. This growth is fueled by several key trends, including the rise of online retail channels providing convenient access to a wide range of products, the increasing popularity of home renovation and improvement shows inspiring DIY projects, and a growing focus on sustainable and eco-friendly home improvement materials. Furthermore, the market is segmented by product type (furniture & decoration, lighting & wallpaper, plumbing renovation & upgrade, lumber & landscape management, others) and application (comfort, repair & maintenance, safety & preparedness, others), each segment contributing uniquely to the overall market expansion. While potential restraints such as economic downturns and fluctuations in raw material prices exist, the long-term outlook for the DIY home improvement instruments market remains positive. The market's geographical distribution showcases strong growth across various regions. North America and Europe currently hold significant market shares, driven by established DIY retail networks and a culture of home improvement. However, rapidly developing economies in Asia-Pacific, particularly China and India, are emerging as key growth drivers, fueled by rising urbanization and increasing disposable incomes. Major players like Home Depot, Lowe's, IKEA, and ADEO are strategically investing in expanding their product lines, enhancing their online presence, and broadening their geographical reach to capitalize on these trends. The competitive landscape is intense, with companies continuously innovating to offer more convenient, efficient, and sustainable DIY solutions, further fueling market expansion.

Comprehensive dataset of 646 Home improvement stores in Massachusetts, United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 687 Home improvement stores in Indiana, United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

U.S. Home Services Market size was valued at USD 211.71 Billion in 2023 and is projected to reach USD 893.18 Billion by 2031, growing at a CAGR of 19.59% from 2024 to 2031.

U.S. Home Services Market Overview

The U.S. Home Services Market is poised for continued growth, driven by a combination of evolving consumer preferences, technological advancements, and demographic trends. A key driver of this market is the increasing demand for home maintenance and improvements. With homeownership rates on the rise, particularly among millennials and baby boomers, more individuals are investing in home repairs, remodeling, and upgrades to enhance comfort, functionality, and property value. The aging housing stock in the U.S. also contributes significantly to this demand, as older homes require frequent repairs and updates to meet modern standards and codes.

This is particularly true in regions with older infrastructure, where demand for plumbing, electrical, and HVAC services remains high. One of the most influential trends in the U.S. Home Services Market is the shift toward digitalization and online platforms. As consumers become more tech-savvy, they are increasingly turning to mobile apps and online marketplaces to find, compare, and schedule home services. This has not only improved accessibility and convenience for homeowners but also allowed service providers to reach new audiences.

Comprehensive dataset of 386 Home improvement stores in Iowa, United States as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Home Improvement Stores Sales: YoY: Mie data was reported at -4.400 JPY bn in Jan 2020. This records an increase from the previous number of -5.000 JPY bn for Dec 2019. Home Improvement Stores Sales: YoY: Mie data is updated monthly, averaging -1.300 JPY bn from Jan 2015 (Median) to Jan 2020, with 61 observations. The data reached an all-time high of 11.400 JPY bn in Aug 2015 and a record low of -25.100 JPY bn in Mar 2015. Home Improvement Stores Sales: YoY: Mie data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.H015: Home Improvement Stores: Sales.

Stay updated with Market Research Intellect's Hardware And Home Improvement Retailers Market Report, valued at USD 450 billion in 2024, projected to reach USD 650 billion by 2033 with a CAGR of 4.5% (2026-2033).