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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.
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.
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.
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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.
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U.S. Residential Remodeling Market size & share estimated to surpass USD 754.75 million by 2032, to grow at a CAGR of 4.3% during the forecast period.
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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.
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The Home Remodeling Market is projected to grow at 5.3% CAGR, reaching $1235.92 Billion by 2029. Where is the industry heading next? Get the sample report now!
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The size and share of the market is categorized based on Application (Residential Renovation, Interior Design, Home Improvement, Property Value Enhancement) and Product (Kitchen Remodeling, Bathroom Remodeling, Basement Remodeling, Whole House Renovation) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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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.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
| USD 371.3 Billion |
Market Forecast in 2033
| USD 529.4 Billion |
Market Growth Rate 2025-2033 | 3.82% |
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.
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.
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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.
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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.
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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.
Report Attribute
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Key Statistics
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Base Year
| 2023 |
Forecast Years
| 2024-2032 |
Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 2.62% |
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.
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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%.
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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.
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Residential Remodeling Estimating Software Market size was valued at USD 99.98 Million in 2024 and is projected to reach USD 162.9 Million by 2031, growing at a CAGR 10.7% during the forecasted period 2024 to 2031
Global Residential Remodeling Estimating Software Market Drivers
Growing Trend of Home Renovation and Remodeling: The need for estimating software is fueled by the growing popularity of home renovation and remodeling projects, which are fueled by aging housing stock, changing lifestyle choices, and a need for modernization. In order to successfully plan and carry out remodeling projects, contractors and homeowners alike look for precise cost estimation tools.
Rising Adoption of Digital Solutions: Increasing Use of Digital Solutions Digitalization is becoming more prevalent in the construction sector, even in residential remodeling. Professionals in the construction and renovation industries are adopting technology to improve efficiency, increase output, and provide superior services. Remodelers are using estimating software because of its features, which include budget management, material estimation, and project pricing.
Need for Accuracy and Efficiency: Remodeled spaces must be efficient and precise at the same time. Estimating software helps contractors do this by removing human mistake and cutting down on computation time. The software offers accurate estimates by allowing users to input project specifics, labor and material prices, and other variables. This enhances the precision of project planning and budgeting.
Increasing Complexity of Remodeling Projects: Home remodeling projects are getting more intricate, requiring a variety of crafts, resources, and jobs. With the ability to organize data, track costs, and generate detailed estimates for a range of components, from construction and demolition to finishing touches, estimating software assists remodelers in managing the complexities of these projects.
Integration with Other Construction Software: A smooth workflow for remodelers is produced by the integration of several estimating software programs with other platforms for accounting and construction administration. By enabling users to move project data between several software programs, including schedules, invoices, and estimates, integration features enhance teamwork and data accuracy.
Flexibility and Customization: Remodeling estimating software provides alternatives for customization to meet the various needs of remodelers and the particular specifications of every project. Input fields, pricing databases, reports, and templates may all be altered by users to suit their own processes and preferences, which increases output and user happiness.
Pay Attention to Budget-Friendly Options: Both contractors and cost-conscious homeowners look for strategies to increase value and minimize project expenses. Estimating software contributes to the overall profitability and customer satisfaction of a project by helping to find cost-saving opportunities, compare pricing options, and negotiate better agreements with suppliers and subcontractors.
Demand for Remote Collaboration Tools: The COVID-19 epidemic has expedited the construction industry’s adoption of remote work and virtual collaboration tools, hence increasing demand for these products. Software for remodeling estimates that is mobile and cloud-based enables users to work together remotely, share project data, and interact with clients, suppliers, and team members efficiently.
Stressing Green Building and Sustainability Practices: The need for remodeling solutions that put an emphasis on eco-friendly materials, sustainable building practices, and energy efficiency has grown along with environmental sustainability consciousness. Remodelers may support green remodeling programs by using estimating tools to weigh the costs and benefits of sustainable solutions including renewable materials, energy-efficient appliances, and green building certifications.
Observance of Regulations and Recordkeeping: By producing precise paperwork and reports, estimating software helps remodelers comply with building rules, regulations, and permit requirements. By automatically incorporating local construction codes and regulatory standards into estimates, the software can minimize the risks associated with non-compliance and ensure compliance.
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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!
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The global home remodeling estimating software market is rapidly expanding, driven by the increasing demand for home remodeling and renovation projects. The market was valued at XXX million in 2022 and is projected to reach XXX million by 2033, growing at a CAGR of XX% during the forecast period. The market is segmented by type (on-premises, cloud-based), application (residential remodeling, commercial remodeling, industrial remodeling, public infrastructure remodeling, others), and region. Among the segments, the cloud-based type is expected to witness significant growth due to its scalability, flexibility, and cost-effectiveness. Additionally, the residential remodeling application is estimated to hold the largest share of the market due to the rising popularity of home improvement and renovation projects. North America is the largest regional market for home remodeling estimating software, followed by Europe and Asia Pacific. The growth in this region is attributed to the increasing disposable income and aging population, leading to a higher demand for home remodeling projects. Emerging markets, such as China and India, are expected to exhibit rapid growth in the coming years due to the increasing urbanization and infrastructure development. The market is dominated by a few key players, including One Click Contractor, Field Complete, Jobber, Buildxact, and Clear Estimates. These companies offer a wide range of software solutions that cater to the specific needs of home remodelers and contractors. The competitive landscape is expected to intensify as new entrants emerge and existing players expand their offerings and geographical presence.
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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).
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The residential remodeling market is projected to reach $712.52 billion by 2033, expanding at a CAGR of 4.83% from 2025 to 2033. The market is driven by rising disposable income, increasing urbanization, and the growing popularity of home improvement shows and magazines. Additionally, aging infrastructure and the need for energy efficiency upgrades are contributing to market growth. Key trends in the market include the increasing adoption of smart home technologies, the rise of sustainability, and the growing popularity of outdoor living spaces. The remodeling market can be segmented based on project scope, purpose of remodel, and property type. In terms of project scope, the market can be divided into interior remodeling, exterior remodeling, whole-house remodeling, additions, renovations, and conversions. Based on purpose of remodel, the market can be segmented into cosmetic upgrades, functional improvements, aging-in-place modifications, space expansion, energy efficiency enhancements, and health and wellness improvements. In terms of property type, the market can be segmented into single-family homes, multi-family homes, condominiums, townhouses, and historic properties. Recent developments include: The Residential Remodeling Market is projected to reach USD 1090.0 billion by 2032, exhibiting a CAGR of 4.83% from 2024 to 2032. Rising disposable income, increasing urbanization, and growing demand for home renovations and upgrades are key factors driving market growth. Technological advancements such as smart home systems and energy-efficient solutions are also contributing to the market's expansion. Recent news developments include the launch of new products and services by major players, such as the introduction of virtual reality tools for home remodeling by Home Depot and the acquisition of Houzz by Airbnb. These developments are expected to further enhance the market's growth prospects in the coming years.. Key drivers for this market are: Growing demand for home renovations Increasing disposable income The rising popularity of smart home technology Aging population Expanding consumer base. Potential restraints include: Rising Home Equity Aging and Deteriorated Infrastructure Increased Focus on Sustainability Growing Demand for Smart Home Features Surge in DIY Home Improvement Projects.
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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.