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 residential remodeling industry has expanded solidly over the past five years. Notably impacted by increased investments in housing by private equity, remodelers have experienced a surge in demand, particularly from property managers and developers looking to transform low-cost, investor-owned homes into appealing rental properties. However, remodelers have faced headwinds as inflation and interest rate hikes tempered enthusiasm for larger projects. Despite these challenges, the steady rise in home prices and an appetite for improving existing residences have helped sustain the momentum for remodelers. Revenue has been increasing at a CAGR of 2.9% over the past five years to total an estimated $164.5 billion in 2025, including an estimated increase of 0.2% in 2025. Fewer housing starts, because of high interest rates, have increased the demand for renovation activity as buyers looked to enhance existing properties rather than invest in new ones. However, remodelers have had to contend with rising costs of building materials and escalating wage costs driven by labor shortages and an aging workforce. Competition within the industry has intensified, with many remodelers prioritizing growth in clientele even at the cost of reduced profit. Legislation, like the Inflation Reduction Act, provided a boost, driving demand for energy-efficient renovations. Also, despite a considerable increase in DIY projects in 2020 and 2021, remodelers regained considerable market share in 2023. Residential remodelers will continue to enjoy growth. Expected interest rate cuts will likely spur greater investment in larger renovation projects as homeowners tap into second mortgages to finance expansive remodels. With home prices still on an upward trajectory, consumers are expected to prioritize renovations to add value to their properties. Also, ongoing climate challenges, including increased wildfires and hurricanes, will present additional opportunities for remodelers to engage in repair and restoration projects. As innovative technologies like smart home systems and 3D printing become more prevalent, remodelers stand to benefit by meeting the growing demand for sustainable and customized renovations. However, they will continue to be forced to navigate challenges such as rising costs and tariffs in a competitive landscape that demands adaptability and innovation. Also, the expiration of tax credits may hinder growth. Industry revenue is forecast to increase at a CAGR of 1.8% to total an estimated $180.3 billion through the end of 2030.

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.

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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

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%.

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.

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.

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.

The global home remodeling market is projected to reach million by 2033, exhibiting a CAGR of XX% during the forecast period from 2023 to 2033. The rising demand for home renovations and improvements is primarily attributed to increasing disposable income, growing urbanization, and a surge in the number of homeowners. Moreover, the growing popularity of smart home technologies is further driving market growth. Key market players include Andersen Corporation, ABC Supply Co., Inc., Builders FirstSource Inc., Ferguson Enterprises, Franklin Building Supply, JELD-WEN, Kohler, Masco Corporation, Pella Corporation, The Sherwin - Williams Company, Harvey Building Products, etc. Geographically, North America is expected to dominate the global home remodeling market throughout the forecast period. The region's mature construction industry, coupled with a strong presence of major market players, is anticipated to fuel market growth. However, Asia Pacific is projected to exhibit significant growth potential due to rapid urbanization and increasing disposable income in countries like China and India. The rising demand for home renovations in emerging markets is expected to create lucrative opportunities for market participants in the region. The home remodeling market is expected to reach $400 million by 2026, growing at a CAGR of 5.5% from 2021 to 2026. The growth of the market is attributed to the increasing demand for home renovations, rising disposable income, and the growing trend of homeowners preferring to remodel their existing homes rather than buying new ones.

The global Home Remodeling Market is poised for substantial growth, projected to reach a robust market size of USD 100.20 million by 2025. Driven by an increasing consumer desire for personalized living spaces, enhanced functionality, and property value appreciation, the market is expected to witness a Compound Annual Growth Rate (CAGR) exceeding 4.31% during the forecast period of 2025-2033. This sustained expansion is fueled by several key factors. The DIY segment, empowered by readily available online resources and accessible materials, continues to attract a significant portion of homeowners undertaking renovation projects. Simultaneously, the professional segment thrives on complex renovations, additions, and projects requiring specialized expertise, indicating a dual-pronged growth strategy within the market. Furthermore, the proliferation of online distribution channels is democratizing access to remodeling supplies and services, while offline channels, including traditional retailers and contractor networks, remain integral to the market's infrastructure. The diverse applications of home remodeling projects, spanning windows and doors, kitchen and bathroom upgrades, flooring, roofing, and wall enhancements, underscore the breadth of opportunities within the market. Leading companies such as Ferguson Enterprises, Andersen Corporation, Kohler, and JELD-WEN are actively innovating and expanding their product portfolios to cater to evolving consumer demands and sustainability trends. While the market presents immense potential, it is not without its challenges. Rising material costs and a shortage of skilled labor are identified as key restraints that could potentially impede the pace of growth. Geographically, North America and Europe are anticipated to remain dominant regions due to established homeowner spending patterns and a mature remodeling culture. However, the Asia Pacific region, with its burgeoning middle class and increasing disposable incomes, is expected to exhibit the fastest growth trajectory, presenting significant emerging market opportunities for stakeholders. Key drivers for this market are: 4., Rising property values4.; Changing lifestyles. Potential restraints include: 4., Economic uncertainity4.2.2.2 fluctuations in interest rates or housing market conditions. Notable trends are: Booming DIY segment bolstering the market.

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%.

The size of the Home Remodeling Market market was valued at USD 467.58 Billion in 2024 and is projected to reach USD 614.48 Billion by 2033, with an expected CAGR of 3.98% during the forecast period. Recent developments include: The Home Remodeling Market is experiencing significant shifts, driven by increasing consumer demand for home improvements and sustainability. As of 2024, the market is projected to reach approximately USD 467.58 billion, reflecting a steady expansion. Key trends include a heightened focus on energy efficiency, with homeowners investing in eco-friendly materials and technologies to reduce their carbon footprints. A surge in remote work has also prompted renovations that accommodate home offices, leading to greater spending on interior modifications. Recent news highlights the rising costs of lumber and labor, impacting project timelines and budgets, while supply chain disruptions continue to pose challenges. Moreover, municipalities across various regions are implementing incentives for home renovations that enhance energy efficiency, further fueling market growth. Current projections estimate the market will reach USD 664.6 billion by 2032, with a compound annual growth rate (CAGR) of 3.98%, suggesting robust demand in the years ahead. As trends evolve, market participants are urged to innovate and adapt to changing consumer preferences while navigating economic factors influencing purchasing behaviors.. Key drivers for this market are: Sustainable materials adoption Smart home integration Aging population housing upgrades Urbanization driving renovations Increased DIY project engagement . Potential restraints include: Rising disposable income Increasing urbanization Aging housing stock Focus on sustainability Technology integration in design .

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.

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).

Booming home renovation market analysis reveals a robust CAGR, driven by rising disposable incomes and aging housing stock. Explore key trends, regional insights, and top companies shaping the future of home refurbishment (2019-2033).

Home Remodeling Market was valued at USD 510.6 billion in 2024 and is expected to reach USD 674.8 billion by 2030 with a CAGR of 4.6%.

The global home remodeling software market is experiencing significant growth, driven by factors such as the increasing demand for customized home renovations, the growing popularity of DIY projects, and the rise of smart home technology. The market is expected to reach a value of XXX million by 2033, expanding at a CAGR of XX% during the forecast period. North America is the largest market for home remodeling software, followed by Europe and Asia Pacific. Key trends shaping the market include the integration of artificial intelligence (AI) and augmented reality (AR) into home remodeling software, the development of cloud-based solutions, and the emergence of mobile-friendly applications. Additionally, the growing popularity of smart home devices is driving demand for home remodeling software that can integrate with these devices and provide remote access to home remodeling projects. The market is fragmented, with a large number of vendors offering a wide range of solutions. Key vendors include Houzz, Wayfair, Home Design 3D, Homestyler, iScape, Magicplan, HomeZada, and Home Improvement Calcs.

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.

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).

In 2022, direct sales made up nearly ** percent of China's home improvement market. In comparison, retail sales had a market share of merely ** percent that year.