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.

Seventy-six percent of respondents stated they had made at least one improvement to their home during the coronavirus pandemic in the United States in 2020. Making the home more eco-friendly was the least common reason for a home improvement project.

Home Renovation Incentive statistics. Published by Revenue Commissioners. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).Home Renovation Incentive (HRI) statistics 2013-2020...

Interior painting was the most popular home improvement prokect in the United States in 2020. Roughly ** percent of consumers painted their indoor walls. Other popular projects included bathroom remodeling and installing new flooring.

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.

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.

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%

In 2020, ** percent of the French declared that they were renovating their home in order to improve its comfort. Furthermore, ** percent of respondents said that home renovation helped them preventing their living space from becoming old or obsolete. In 2019, specialized large retailers such as Leroy Merlin or Mr.Bricolage were dominating the home improvement market.

Snapshot img { margin: 10px !important; } Get our updated market research report on the DIY market 2018-2022

Market overview of the global DIY market

Home improvement such as renovating and remodeling one’s home is the key segment and also the largest segment in the global DIY market. Technavio’s market research analyst expects the global DIY market to grow at a CAGR of around 3% during the forecast period. The growth of this market is mainly supported by the media presence, be it through the traditional medium such as television or the online presence in the form of video websites or social media.

The emergence of a large number of retail stores such as hypermarkets, supermarkets, and specialty stores across the globe is another major driver for the growth of the DIY market. These stores enable consumers to seek information on various brands, compare prices, quality, design, and then make a decision at their convenience and comfort. Also, with the increase in brand consciousness among consumers, the importance of organized retailers carrying branded DIY products is on the rise.

Geographical segmentation of the DIY market

Americas
APAC
Europe
MEA

Acceptance of DIY culture is very low in the APAC regions, hence the market is largely concentrated in the Western countries. The Americas occupies the largest share of the DIY market, with the US contributing the majority of the market share in this region. People in the US loves engaging themselves in DIY projects. Hence, this acts as a major driver contributing to the growth of the DIY market in the US.

Competitive landscape and key vendors

The sedated growth of the global DIY market is likely to spur vendors to bring in new products to meet the buying trend among the customers and remain competitive in the market. Additionally, the rising adoption of DIY activities in the developing region is also luring vendors in the DIY market to venture into these market and expand their foothold.

The leading vendors in this market are -

Adeo
Home Depot
Kingfisher plc
Lowe’s

The other prominent vendors in the market include OBI, Bauhaus, Kesko, Travis Perkins, Les Mousquetaires, and Hornbach.

Growth drivers, challenges, and upcoming trends – Customization of DIY

Technavio’s market research analysts accentuate upcoming trends such as the customization of DIY products, which is undoubtedly a popular approach across industries. Following the ways by which customer demand is changing on a regular basis, customization of DIY products play a crucial role in the growth of the DIY market.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global DIY market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report

What will the market size and the growth rate be in 2020?
What are the key factors driving the global DIY market?
What are the key market trends impacting the growth of the global DIY market?
What are the challenges to market growth?
Who are the key vendors in the DIY market?
What are the market opportunities and threats faced by the vendors in the global DIY market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
What is the key outcome of the five forces analysis of the global DIY market?

Technavio also offers customization on reports based on specific client requirement.

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Global Home Improvement is segmented by Application (Renovation , Repair , New construction , DIY projects , Landscaping), Type (Tools & Hardware , Paints & Coatings , Plumbing , Electrical , Building Materials) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

United States RMI: sa: FM: Backlog of Remodeling Projects data was reported at 58.000 Point in Mar 2025. This records a decrease from the previous number of 59.000 Point for Dec 2024. United States RMI: sa: FM: Backlog of Remodeling Projects data is updated quarterly, averaging 67.000 Point from Mar 2020 (Median) to Mar 2025, with 21 observations. The data reached an all-time high of 85.000 Point in Dec 2021 and a record low of 46.000 Point in Mar 2020. United States RMI: sa: FM: Backlog of Remodeling Projects data remains active status in CEIC and is reported by National Association of Home Builders. The data is categorized under Global Database’s United States – Table US.EB: NAHB/Westlake Royal Remodeling Market Index.

According to the findings of a recent study on the home improvement market in the United Kingdom (UK), the most popular home upgrade in the period between 2017 and 2020 was a ************. Installing a *********** was the second-most frequently undertaken project.

Germany DIY Home Improvement Market was valued at USD 46.2 Billion in 2024 and is projected to reach USD 58.7 Billion by 2032, growing at a CAGR of 3.1% from 2026 to 2032.Key Market DriversIncreasing Consumer Interest in Home Renovations: The rising trend of home ownership, along with a desire for personalized living spaces, has spurred the expansion of the DIY home remodeling market. According to the German Federal Statistical Office, the homeownership rate in Germany is constantly increasing, with more than 43% of Germans owning their homes by 2021. As more people invest in home improvement projects, the demand for DIY tools, materials, and remodeling items increases.Surge in Home Improvement Spending Due to the Pandemic: The COVID-19 epidemic had a profound impact on consumer behavior, as many people spent more time at home and invested in their living spaces. The German DIY Retail Association (BHB) reports that DIY retail sales in Germany climbed by 7.7% in 2020, as more consumers turned to home renovation projects during lockdowns.

United States RMI: sa: CM: Small Remodeling Projects data was reported at 76.000 Point in Mar 2025. This stayed constant from the previous number of 76.000 Point for Dec 2024. United States RMI: sa: CM: Small Remodeling Projects data is updated quarterly, averaging 81.000 Point from Mar 2020 (Median) to Mar 2025, with 21 observations. The data reached an all-time high of 93.000 Point in Dec 2021 and a record low of 60.000 Point in Mar 2020. United States RMI: sa: CM: Small Remodeling Projects data remains active status in CEIC and is reported by National Association of Home Builders. The data is categorized under Global Database’s United States – Table US.EB: NAHB/Westlake Royal Remodeling Market Index.

United States RMI: sa: CM: Medium Remodeling Projects data was reported at 72.000 Point in Mar 2025. This records a decrease from the previous number of 73.000 Point for Dec 2024. United States RMI: sa: CM: Medium Remodeling Projects data is updated quarterly, averaging 78.000 Point from Mar 2020 (Median) to Mar 2025, with 21 observations. The data reached an all-time high of 92.000 Point in Sep 2021 and a record low of 58.000 Point in Mar 2020. United States RMI: sa: CM: Medium Remodeling Projects data remains active status in CEIC and is reported by National Association of Home Builders. The data is categorized under Global Database’s United States – Table US.EB: NAHB/Westlake Royal Remodeling Market Index.

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 interior design software market is anticipated to expand at a CAGR of 7.8% from 2025 to 2033, reaching a value of $185,960 million by 2033. The increasing demand for residential and non-residential construction projects, coupled with the growing popularity of home improvement and renovation activities, is driving the growth of the market. Additionally, the rising adoption of advanced technologies such as augmented reality (AR) and virtual reality (VR) in interior design is contributing to the market's expansion. The market is segmented based on application into residential and non-residential. The residential segment is expected to hold a larger market share due to the escalating demand for personalized and stylish home interiors. The non-residential segment is also expected to experience significant growth, driven by the increasing construction of commercial and public spaces. Geographically, North America is anticipated to dominate the market, followed by Europe and Asia Pacific. The increasing adoption of interior design software in developed economies and the rise of smart home technology are key factors contributing to North America's dominance. The global interior design software market is a multi-billion-dollar industry that is growing rapidly. The market is driven by a number of factors, including the increasing popularity of home improvement and remodeling, the growing demand for personalized and customized spaces, and the increasing use of technology in the design process. Interior design software allows users to create 2D and 3D plans of their space, as well as experiment with different design options. The software can be used to create realistic renderings of the space, which can help users to visualize the finished product before it is built. Some of the leading players in the interior design software market include Autodesk, Dassault Systemes, Trimble, and SmartDraw. These companies offer a range of software products that are designed to meet the needs of different users, from homeowners to professional designers. The interior design software market is expected to continue to grow in the coming years. The market is expected to reach a value of $2.5 billion by 2025, up from $1.5 billion in 2020. The growth of the market is expected to be driven by the increasing demand for home improvement and remodeling, as well as the growing popularity of smart home technology.

Residential building contractors are contingent on the propensity of property developers to invest in new ventures; movements in property prices; government schemes intended to boost the housing supply; and underlying sentiment in the housing market. Industry contractors have endured turbulent operating conditions over the past five years, leading to volatile shifts in revenue and profitability. Revenue is forecast to grow at a compound annual rate of 1% over the five years through 2024-25, reaching £97.4 billion. The pandemic caused a significant drop in output in 2020-21, as restrictions placed on on-site activity and fewer enquiries for new housing units reduced revenue opportunities. Aided by government support for the housing market and the release of pent-up demand, 2021-22 was characterised by a strong rebound in activity, though materials and labour shortages maintained constraints on output. Mounting supply chain disruption and heightened economic uncertainty maintained pressure on output in the following year, though revenue growth was maintained by growth in average selling prices. Interest rate hikes and inflationary pressures led to a more subdued housing market in 2022-23, holding back the number of housing starts and completions during the year. This was followed by a slump in new residential building construction in the following year, as high borrowing costs and uncertain market conditions caused developers to scale back investment plans. Revenue is set to grow by 1.5% in 2024-25, aided by a slight improvement in new orders for residential building construction and an uptick in average selling prices. Revenue is slated to climb at a compound annual rate of 1.5% to reach £105.1 billion over the five years through 2029-30. Housebuilding activity is set to grow in the medium-term, aided by the release of pent-up demand. Nonetheless, significant uncertainty remains, with mortgage rates likely to settle well-above pre-pandemic levels and supply chains remaining fragile. The new government’s pledge to deliver 1.5 million houses during the first five years of parliament will boost demand for industry contractors, though the full impact of this on growth prospects is dependent on the nature and extent of accompanying funding plans.

United States Home Sales: sa: New Construction: Single Units Only data was reported at 67.852 Unit th in Jan 2021. This records a decrease from the previous number of 70.645 Unit th for Dec 2020. United States Home Sales: sa: New Construction: Single Units Only data is updated monthly, averaging 54.031 Unit th from Jan 2012 (Median) to Jan 2021, with 109 observations. The data reached an all-time high of 76.170 Unit th in Oct 2020 and a record low of 31.999 Unit th in Jan 2012. United States Home Sales: sa: New Construction: Single Units Only data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB: Home Sales.

In 2020, ** percent of French people had already undertaken home decor projects in their home. Additionally, ** percent of the respondents had renovated their bathroom or their kitchen. Facade renovation projects were the least popular of the list with ** percent of the French who had carried out this type of work on their home.