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.

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.

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

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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 remodel

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.

Tools & Hardware: A diverse range encompassing power tools, hand tools, precision instruments, fasteners, and safety equipment catering to both DIY enthusiasts and professionals.Building Materials: Lumber, cement, drywall, insulation, roofing materials, and other essential components for new construction and renovations.Home Décor: Lighting fixtures, furniture, window treatments, paint, flooring, and decorative accessories enhancing aesthetics and functionality.Appliances & Fixtures: Refrigerators, stoves, ovens, dishwashers, toilets, sinks, faucets, and other essential appliances improving kitchen and bathroom efficiency and style.Smart Home Products: Security systems, smart speakers, thermostats, lighting controls, and other connected devices enhancing convenience, security, and energy management. Recent developments include: March 2024: Kingfisher will announce the opening of a home improvement e-commerce platform at Castorama France, marking the next step in the rapid expansion of its marketplace offering. The launch follows the success and rapid growth of Kingfisher's marketplaces at B&Q in the United Kingdom, Brico Dépôt in Spain and Portugal, and the Koçtaş joint venture in Turkey. Castorama France will launch more than 500,000 new products from verified third-party merchants through its e-commerce channels. All third-party merchants will be chosen by Castorama specialists and subjected to a rigorous verification procedure to ensure they fulfill Castorama's quality and ethical requirements., October 2023: MarketBlast® announces the launch of a global product innovation search in the thriving home improvement sector. The hunt will encompass innovation in tools, hardware, DIY, and home improvement, as well as manufacturers and distributors who are actively seeking new and inventive items. The National Hardware Show is the hunt's primary sponsor, as it is the only industry event that brings together the complete home improvement community, including corporations looking for new and inventive items to expand their brands., February 2022: Home improvement firm Lowe's Companies Inc. of America has partnered with online grocery delivery service Instacart in North America to offer same-day home improvement goods delivery., November 2021: Block Renovation, a US-based digital platform for house remodeling, has revealed that Softbank Vision Fund 2 lead a USD 50 million Series C investment round., June 2020: With the introduction of Lowe's for Pros JobSIGHT powered by Streem, an enhanced video chat service that enables Pros to conduct virtual home visits with customers, Lowe's unveils the first phase of its previously announced USD 25 million commitment to support small businesses in an effort to help keep Pros working. Keeping homes operating safely is more crucial than ever since more people are choosing to stay at home.. Notable trends are: Increasing demand for memory foam is driving the 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%.

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 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 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).

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).

The U.S. home improvement market increased by over ** billion U.S. dollars between 2023 and 2024. It is expected to increase its market size again in the years after that. Overall new residential construction in the United States is expected to follow a similar growth trend.

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 size of the Sweden DIY Home Improvement Industry market was valued at USD 14.88 Million in 2023 and is projected to reach USD 20.48 Million by 2032, with an expected CAGR of 4.67% during the forecast period. In Sweden, minimalist designs and the passion for sustainability are quite rife; thus, the culture of home improvement through DIY became even more popular. The term DIY is short for "Do It Yourself," meaning that people do improvements or repairs to homes without professional aid. Of late, it has become very trendy in Sweden due to a variety of different factors. First, most Swedes take pride in their house and view DIY as a means of self-expression towards making their homes personal. As discussed above, most of the householders in the Scandinavian region are inspired by the simple lines, using natural materials, and functional usage that enables them to start a DIY project. Thirdly, for a person living in Sweden to stay in that country can be very expensive, so opting for a home renovation project free of charge becomes an option in DIY. When people take up projects individually, they avoid labor costs and can even reap desired results at much lower costs. Swedish government has also endorsed this campaign through sorts of initiatives coming in form of tax breaks for home improvement and shifting to green building. All this has contributed to the Do-It-Yourself market and fueled a culture of self-reliance and resourcefulness among Swedish home owners. Recent developments include: November 2023: Bauhaus is expanding to the north of Sweden, by opening new stores in Vaxjo and Umea (2022) and now Karlstad-Valsviken in the center Swedish province of Värmland., July 2022: With the opening of IKEA City in Gallerian, the company's first city shop in Sweden, IKEA became even more accessible to Stockholm residents.. Key drivers for this market are: Increasing Interest in Home Renovation and Personalization. Potential restraints include: Lack of Expertise and Skills. Notable trends are: Increasing Number of DIY Retail Stores in Sweden.

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.

The home improvement services market is experiencing robust growth, driven by several key factors. Rising disposable incomes, particularly among millennials and Gen X homeowners, are fueling demand for renovations and upgrades. A growing preference for personalized living spaces, coupled with increased awareness of home's value appreciation through improvements, further bolsters market expansion. Technological advancements, such as smart home integrations and eco-friendly building materials, are also contributing to market dynamism. The market's segmentation reflects diverse service offerings, ranging from basic repairs and maintenance to extensive remodeling projects. This diversity caters to a broad spectrum of consumer needs and budgets. We estimate the 2025 market size to be $250 billion, based on observable trends in related sectors and considering a reasonable CAGR of 5% throughout the forecast period. This growth is projected to continue, driven by ongoing economic stability and a sustained interest in enhancing home comfort and functionality. Despite these positive indicators, the market faces certain challenges. Fluctuations in material costs and labor shortages can impact project timelines and profitability for service providers. Competition among established companies and the rise of smaller, specialized firms creates a dynamic marketplace requiring continuous innovation and adaptation. Furthermore, economic downturns can lead to reduced consumer spending, potentially dampening growth temporarily. However, the long-term outlook remains positive, with the continuous evolution of consumer preferences and technological innovations anticipated to consistently drive market growth through 2033. The competitive landscape is characterized by a mix of large national companies and smaller regional firms. Key players often differentiate themselves through specialized service offerings, branding, and customer service strategies. This intense competition results in continuous improvements in quality, efficiency, and customer experience.

The global home improvement market size was valued at over USD 828.8 billion in 2025 and is expected to register a CAGR of more than 4.5%, exceeding USD 1.29 trillion revenue by 2035, fueled by rising mortgage and interest rates fueling the need for home renovation.

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

Introduction

Home Improvement Statistics: The home improvement sector has experienced remarkable growth in recent years. It includes the sale of construction materials, appliances, décor, and various home improvements, as well as the services provided by contractors, tradespeople, and other professionals who assist in building, installing, modifying, and upgrading residences.

The homeownership market constitutes a substantial segment of the global economy, with numerous consumers across the globe eager to improve the aesthetic look and functionality of their homes. Recently, there has been a trend towards making homes smarter by incorporating integrated and interconnected devices that automate different functions within the household. In this statistic, we will know more about home improvement trends.

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.