In 2022, the home improvement market in North America generated the highest revenue worldwide, amounting to nearly *** billion euros. It was followed by the APAC home improvement market with a revenue of about *** billion euros.

Between 2019 and 2022, the home improvement market size in Sweden generally increased. In 2022, the Swedish home improvement market size was valued at nearly 5.9 billion euros.

Tools and hardware: power tools, hand tools, accessoriesBuilding materials: lumber, cement, drywallHome décor: lighting, furniture, window treatmentsAppliances and fixtures: refrigerators, stoves, toiletsSmart home products: security systems, smart speakers, thermostats 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%.

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.

Interior room remodels, which include the renovation of kitchens, bathrooms, dining rooms and the like, were the most popular type of home renovation in the United States in 2022. About 77 percent of millennials carried out renovations of interior rooms in that year, while for home system upgrades - the second most popular renovation activity - this share stood at 72 percent. Home systems include electrical, plumbing, and air conditions systems. Exterior upgrades, including windows and roofing, were also very common among homeowners, with between 58 and 60 percent of respondents having undertaken such projects in 2022.

The United States home construction market, valued at approximately $700 billion in 2025, is experiencing robust growth, projected to maintain a compound annual growth rate (CAGR) exceeding 3% through 2033. This expansion is fueled by several key factors. Firstly, a persistent housing shortage, particularly in desirable urban areas like New York City, Los Angeles, and San Francisco, continues to drive demand. Secondly, favorable demographic trends, including millennial household formation and an increasing preference for homeownership, are bolstering the sector. Furthermore, low interest rates (though this is subject to change depending on economic conditions) have historically made mortgages more accessible, stimulating construction activity. However, the market isn't without its challenges. Rising material costs, labor shortages, and supply chain disruptions continue to exert upward pressure on construction prices, potentially impacting affordability and slowing growth in certain segments. The market is segmented by dwelling type (apartments & condominiums, villas, other), construction type (new construction, renovation), and geographic location, with significant activity concentrated in major metropolitan areas. The dominance of large national builders like D.R. Horton, Lennar Corp, and PulteGroup highlights the industry's consolidation trend, while the growth of multi-family construction reflects shifting urban preferences. Looking ahead, the market's trajectory will depend on macroeconomic factors, interest rate fluctuations, government policies impacting housing affordability, and the ability of the industry to address supply-chain and labor challenges. Innovation in construction technologies, sustainable building practices, and prefabricated homes are also emerging trends expected to significantly influence market dynamics over the forecast period. The competitive landscape is characterized by a mix of large publicly traded companies and smaller regional builders. While established players dominate the market share, opportunities exist for smaller firms specializing in niche markets, such as sustainable or luxury home construction, or those focused on specific geographic areas. The ongoing expansion of the market signifies significant potential for investment and growth, despite the hurdles currently impacting the sector. Addressing supply chain disruptions and labor shortages will be crucial for sustained growth. Continued demand in key urban centers and evolving consumer preferences toward specific dwelling types will be critical factors determining the market's future trajectory. Recent developments include: June 2022 - Pulte Homes - a national brand of PulteGroup, Inc. - announced the opening of its newest Boston-area community, Woodland Hill. Offering 46 new construction single-family homes in the charming town of Grafton, the community is conveniently located near schools, dining, and entertainment, with the Massachusetts Bay Transportation Authority commuter rail less than a mile away. The collection of home designs at Woodland Hill includes three two-story floor plans, ranging in size from 3,013 to 4,019 sq. ft. with four to six bedrooms, 2.5-3.5 baths, and 2-3 car garages. These spacious home designs feature flexible living spaces, plenty of natural light, gas fireplaces, and the signature Pulte Planning Center®, a unique multi-use workstation perfect for homework or a family office., December 2022 - D.R. Horton, Inc. announced the acquisition of Riggins Custom Homes, one of the largest builders in Northwest Arkansas. The homebuilding assets of Riggins Custom Homes and related entities (Riggins) acquired include approximately 3,000 lots, 170 homes in inventory, and 173 homes in the sales order backlog. For the trailing twelve months ended November 30, 2022, Riggins closed 153 homes (USD 48 million in revenue) with an average home size of approximately 1,925 square feet and an average sales price of USD 313,600. D.R. Horton expects to pay approximately USD 107 million in cash for the purchase, and the Company plans to combine the Riggins operations with the current D.R. Horton platform in Northwest Arkansas.. Notable trends are: High-interest Rates are Negatively Impacting the Market.

The Hungarian home improvement market reached a value of approximately 738 million euros in 2022, marking an increase compared to the previous year. Over the observed period, the lowest market size was recorded in 2020 at 601 million euros.

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 has valued at USD 448.08 billion in 2022 and is anticipated to project robust growth.

The value of orders for the renovation of dwellings received by construction companies in Japan amounted to around 4.3 trillion Japanese yen in the fiscal year 2023. This represented a year-on-year increase of nine percent. The total value of orders for building renovation rose by 14.9 percent. Home renovation market in Japan Japan’s home renovation market, which included costs for refurbishments, facility repair and maintenance, and furniture and interior, reached 7.3 trillion yen in 2022 and was forecast to expand to 7.7 trillion yen by 2030. Home renovations only account for a small share of new home constructions in Japan, as consumers tend to prefer new homes over used ones. This is because housing policies of the past decades have encouraged the supply of new homes instead of focusing on utilizing the existing housing stock. However, the situation could change, as recently, new homes have become increasingly expensive due to soaring material prices and labor costs. Japan’s housing stock Due to the focus on new constructions, Japan has a massive stock of around 62 million housing units. Policies have emphasized quantity over quality, and many homes do not meet the current standards for insulation performance, which is a reason for consumers to avoid second-hand homes. Improving the quality of Japan’s housing stock could become a driver for growth in the renovation market, especially considering the government’s goal to achieve carbon neutrality by 2050. Next to repair and maintenance works, energy-saving measures, disaster prevention, and home modifications for the elderly were already the main purposes of home renovation orders in fiscal 2023.

The North American residential construction market, valued at $850 million in 2025, is projected to experience robust growth, driven by several key factors. A burgeoning population, particularly in urban centers, coupled with increasing household formations, fuels consistent demand for new housing units. Furthermore, low mortgage interest rates (historically, though this is subject to fluctuation) and government incentives aimed at boosting homeownership have stimulated market activity. The market segmentation reveals a strong preference for single-family homes, particularly in suburban and rural areas, alongside a notable increase in multi-family dwellings catering to urban renters and the growing demand for rental properties. New construction continues to dominate the market share, although renovation and remodeling projects represent a significant and growing segment, particularly as existing housing stock ages and requires upgrades. Leading players like Lennar Corporation, D.R. Horton, and PulteGroup are well-positioned to capitalize on these trends, utilizing innovative building techniques and sustainable materials to meet evolving consumer preferences. However, the market also faces challenges. Rising material costs, labor shortages, and increasing regulatory compliance requirements pose significant headwinds. Supply chain disruptions, though less severe than in recent years, still impact project timelines and budgets. Furthermore, fluctuations in interest rates and economic uncertainty can influence buyer confidence and affect overall market demand. Despite these hurdles, the long-term outlook for the North American residential construction market remains positive, fueled by demographic shifts and sustained investment in infrastructure development. The market is expected to maintain a compound annual growth rate (CAGR) of 4.50% from 2025 to 2033, indicating a substantial expansion in market size and value over the forecast period. The continued evolution of building technologies, focusing on energy efficiency and smart home integration, will further shape market dynamics in the coming years. Recent developments include: December 2022: In southeast Columbus, D.R. Horton intends to build homes for USD 215 million., December 2022: According to the company's fourth-quarter results call, Lennar Corp. has decided not to proceed with its plans to spin off its multifamily subsidiary, Quarterra, by the end of the year owing to adverse market circumstances., December 2022: At the southeast corner of Idlewild Street and Plantation Road in south Fort Myers, a 17-acre site is being cleared. According to Lee County documents, the area will be transformed into the 52-home neighborhood of Addison Square. The land was purchased by Pulte Homes for USD 2.4 million in a deal facilitated by Chuck Mayhugh of Mayhugh Commercial Advisors. The homes will vary in price from more than USD 500,000 and have 1,600 to 3,400 square feet of living space, with the majority of the homesites being grouped together along a sizable, central lake. According to Pulte executives, construction on the model houses should start by the spring, with some of them being done by the summer.. Notable trends are: 800,000 Housing Units Must Be Built Annually in Mexico to Keep Up with Demand.

Recent developments include: In May 2023, Renuity acquired Pacific Bath Company to offer walk-in bath, shower, and gutter products across the Pacific Northwest. This development added Pacific Bath Company to the existing extensive remodel list of Renuity in Florida. , In January 2023, A Groundworks Company opened its new Alpha Foundations office in Tampa, Florida in the U.S. With this development, A Groundworks Company plans to offer foundation and crawl space repair solutions to customers across Florida. , In October 2022, Renovo Home Partners acquired Minnesota Rusco. In addition to replacing windows, doors, and siding under its Minnesota Rusco brand, the company also specializes in bathroom remodeling and tub-to-shower conversions under the Minnesota shower and bath brand and kitchen remodeling under the Rusco kitchen remodeling (RKR). .

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.

In 2022, the home improvement market in Indonesia was valued at approximately *** billion euros, indicating a significant growth from the previous year. Ace Hardware was the leading DIY company in Indonesia in that year.

The Japan Residential Construction Market, valued at approximately ¥15 trillion (assuming a market size "XX" of 15 trillion based on typical market size for a developed nation like Japan and given the CAGR of >5%) in 2025, is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This growth is fueled by several key drivers. An aging population necessitates increased demand for senior-friendly housing, while urbanization continues to drive demand in metropolitan areas like Tokyo, Osaka, and Nagoya. Government initiatives promoting sustainable and energy-efficient construction methods further contribute to market expansion. The market is segmented by dwelling type (apartments & condominiums, villas, other types) and construction type (new construction, renovation), reflecting diverse consumer preferences and project scales. Leading players like Asahi Kasei Homes, Toyota Housing Co., and Sekisui House dominate the landscape, leveraging technological advancements and brand recognition to maintain market share. However, rising land prices and stringent building regulations pose significant challenges to sustained growth. Furthermore, fluctuations in lumber prices and potential labor shortages could impact construction timelines and project costs. The market's future trajectory hinges on effectively addressing these challenges. The continued focus on innovative construction techniques, incorporating smart home technologies, and adopting sustainable building materials will be crucial for companies to compete successfully. Government policies aiming to streamline regulations and provide incentives for environmentally friendly housing development will play a vital role in shaping the market's growth. The increasing demand for customized housing solutions and a rise in the preference for sustainable and energy-efficient homes will shape the evolving landscape of the Japanese residential construction market throughout the forecast period. Successful players will be those who adapt swiftly to changing consumer preferences, innovate their building practices, and navigate the regulatory environment effectively. Recent developments include: November 2022: Asahi Kasei Homes acquired 100% ownership of all the subsidiaries of Focus Company. This acquisition will help Asahi Kasei Homes strengthen its core business of order-built unit homes in Japan, North America, and Australia., April 2022: Panasonic Homes commenced selling their Casart Black & Stone model, a Zero Energy Home (ZEH), in April 2022. The Black & Stone has an Earthquake Safety and Comfort Warranty that will restore the building to its original condition in the unlikely event that more than half of the house is damaged in an earthquake. The Black & Stone has a Grade 3 rating, the highest seismic performance rating that is achievable, under the Housing Performance Indication System.. Key drivers for this market are: Increase FDI in construction in Asia-Pacific, Minimized Construction Wastage. Potential restraints include: Availability of Skilled Labor. Notable trends are: Foreign Investments in Japan is Driving the Market.

Global Home Improvement Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

United States Median Home Sale Price: sa: New Construction: All Residential data was reported at 475,687.000 USD th in Dec 2022. This records a decrease from the previous number of 480,128.000 USD th for Nov 2022. United States Median Home Sale Price: sa: New Construction: All Residential data is updated monthly, averaging 358,672.500 USD th from Jan 2012 (Median) to Dec 2022, with 132 observations. The data reached an all-time high of 485,876.000 USD th in Sep 2022 and a record low of 254,094.000 USD th in Jan 2012. United States Median Home Sale Price: sa: New Construction: All Residential data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB111: Median Home Sale Price.

The Japan Residential Construction Market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This expansion is fueled by several key drivers. A growing aging population necessitates more adaptable and accessible housing solutions, driving demand for renovation and specialized construction. Simultaneously, urbanization and increasing disposable incomes are boosting demand for new, modern apartments and condominiums, particularly in major metropolitan areas. Government initiatives aimed at improving housing affordability and infrastructure development further contribute to market expansion. However, the market faces certain constraints, including land scarcity in densely populated urban centers and fluctuating material costs, potentially impacting construction timelines and overall project viability. The market is segmented by dwelling type (apartments & condominiums, villas, others) and construction type (new construction, renovation). Leading players, including Daiwa House, Sekisui House, and Panasonic Homes, are strategically positioning themselves to capitalize on these trends through innovative designs, sustainable building practices, and technological integration. Competition remains intense, requiring companies to offer differentiated products and services to maintain market share. The market's success hinges on addressing the challenges of land scarcity and material costs effectively. Companies achieving this balance, combined with a focus on creating energy-efficient and technologically advanced housing solutions tailored to the evolving needs of the Japanese population, are well-positioned to benefit from the continued growth trajectory. The renovation segment, spurred by the aging population's need for accessible housing, represents a significant opportunity for market expansion, especially in the coming years. Furthermore, the strategic integration of smart home technology and sustainable materials will likely influence consumer preference and drive innovation within the industry. The dominance of established players underscores the need for newer entrants to offer unique value propositions to compete effectively. Future growth will likely be marked by increased specialization and a growing focus on providing tailored solutions to a diverse range of consumer needs. Recent developments include: November 2022: Asahi Kasei Homes acquired 100% ownership of all the subsidiaries of Focus Company. This acquisition will help Asahi Kasei Homes strengthen its core business of order-built unit homes in Japan, North America, and Australia., April 2022: Panasonic Homes commenced selling their Casart Black & Stone model, a Zero Energy Home (ZEH), in April 2022. The Black & Stone has an Earthquake Safety and Comfort Warranty that will restore the building to its original condition in the unlikely event that more than half of the house is damaged in an earthquake. The Black & Stone has a Grade 3 rating, the highest seismic performance rating that is achievable, under the Housing Performance Indication System.. Notable trends are: Foreign Investments in Japan is Driving the Market.

Global Home Improvement Franchise Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.