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.

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.

Japan Home Improvement Stores Sales: YoY: Toyama data was reported at -0.500 JPY bn in Jan 2020. This records an increase from the previous number of -8.600 JPY bn for Dec 2019. Japan Home Improvement Stores Sales: YoY: Toyama data is updated monthly, averaging -1.600 JPY bn from Jan 2015 (Median) to Jan 2020, with 61 observations. The data reached an all-time high of 17.500 JPY bn in Sep 2019 and a record low of -24.000 JPY bn in Mar 2015. Japan Home Improvement Stores Sales: YoY: Toyama data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.H015: Home Improvement Stores: Sales.

This dataset provides information on 11,847 in India as of March, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

Japan Home Improvement Stores Sales: Yamaguchi data was reported at 2.247 JPY bn in Jan 2020. This records a decrease from the previous number of 3.179 JPY bn for Dec 2019. Japan Home Improvement Stores Sales: Yamaguchi data is updated monthly, averaging 3.083 JPY bn from May 2014 (Median) to Jan 2020, with 69 observations. The data reached an all-time high of 3.776 JPY bn in Dec 2014 and a record low of 2.229 JPY bn in Feb 2019. Japan Home Improvement Stores Sales: Yamaguchi data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.H015: Home Improvement Stores: Sales.

Home Improvement Stores Sales: YoY: Mie data was reported at -4.400 JPY bn in Jan 2020. This records an increase from the previous number of -5.000 JPY bn for Dec 2019. Home Improvement Stores Sales: YoY: Mie data is updated monthly, averaging -1.300 JPY bn from Jan 2015 (Median) to Jan 2020, with 61 observations. The data reached an all-time high of 11.400 JPY bn in Aug 2015 and a record low of -25.100 JPY bn in Mar 2015. Home Improvement Stores Sales: YoY: Mie data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.H015: Home Improvement Stores: Sales.

This statistic shows a ranking of the estimated real total consumer spending on furnishings, household equipment and routine maintenance of the house in 2020 in Latin America and the Caribbean, differentiated by country. Consumer spending here refers to the domestic demand of private households and non-profit institutions serving households (NPISHs) in the selected region. Spending by corporations or the state is not included. Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.The shown forecast is adjusted for the expected impact of the COVID-19 pandemic on the local economy. The impact has been estimated by considering both direct (e.g. because of restrictions on personal movement) and indirect (e.g. because of weakened purchasing power) effects. The impact assessment is subject to periodic review as more data becomes available.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

Home Improvement Stores Sales: YoY: Aichi data was reported at -1.000 JPY bn in Jan 2020. This records an increase from the previous number of -4.200 JPY bn for Dec 2019. Home Improvement Stores Sales: YoY: Aichi data is updated monthly, averaging 0.400 JPY bn from Jan 2015 (Median) to Jan 2020, with 61 observations. The data reached an all-time high of 17.900 JPY bn in Oct 2015 and a record low of -19.200 JPY bn in Mar 2015. Home Improvement Stores Sales: YoY: Aichi data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.H015: Home Improvement Stores: Sales.

The real total consumer spending on household upkeep in Ecuador was forecast to continuously increase between 2024 and 2029 by in total 398.8 million U.S. dollars (+13.86 percent). After the ninth consecutive increasing year, the real spending on household upkeep is estimated to reach 3.3 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real total consumer spending on household upkeep in countries like Peru and Bolivia.

Japan Home Improvement Stores Sales: YoY: Saitama data was reported at -1.300 JPY bn in Jan 2020. This records an increase from the previous number of -3.700 JPY bn for Dec 2019. Japan Home Improvement Stores Sales: YoY: Saitama data is updated monthly, averaging -1.000 JPY bn from Jan 2015 (Median) to Jan 2020, with 61 observations. The data reached an all-time high of 23.900 JPY bn in Sep 2019 and a record low of -27.700 JPY bn in Mar 2015. Japan Home Improvement Stores Sales: YoY: Saitama data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.H015: Home Improvement Stores: Sales.

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Home Decor Market Size 2025-2029

The home decor market size is forecast to increase by USD 470.5 million at a CAGR of 9.5% between 2024 and 2029.

The market is experiencing significant growth, driven by rising disposable income among consumers in North America. This trend is leading to increased demand for various home decor items such as furniture, flooring, lighting, glass, rubber, and textiles made of cotton, plastic, and polyurethane foam. Eco-friendly home decor is also gaining popularity, with consumers showing a preference for handicrafts and sustainable materials. However, the market faces challenges such as volatile raw material prices and transportation costs.
Online furniture and home decor sales are surging, with consumers turning to e-commerce platforms for convenience and access to a wider range of products. Smart home technology, including LED lighting and smartphones, is also influencing home decor trends, with consumers seeking to integrate technology into their living spaces. Construction and real estate industries are also major consumers of home decor items, driving demand for cabinets, containers, and other home decor solutions. Overall, the market is dynamic and evolving, with trends and challenges shaping its growth trajectory.

What will be the Size of the Home Decor Market During the Forecast Period?

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The market encompasses a wide range of products including furniture, textiles, and floor coverings. This market experiences consistent growth driven by rising living standards and increasing consumer interest in improving the aesthetics and functionality of their home possessions. Skilled labor and infrastructure facilities are essential for manufacturing and producing these items, while transportation plays a crucial role in their distribution. Physical retail stores remain a significant channel for sales, offering customers the ability to touch and feel products before purchasing. However, the rise of online retail outlets has disrupted traditional sales models, providing consumers with greater convenience and access to a wider selection of items.
Disposable incomes continue to influence consumer spending, with many prioritizing lifestyle improvement through home decor. Consumer preferences for eco-friendly and sustainable items have gained traction, leading to an increased demand for environmentally friendly raw materials such as timber flooring. Additionally, housing starts and new construction projects contribute to market growth. Customer service and personalized offerings are key differentiators for retailers, ensuring a positive shopping experience and repeat business. Overall, the market is a dynamic and evolving industry, driven by consumer lifestyle trends and a growing focus on home improvement.

How is the Home Decor Industry segmented and which is the largest segment?

The 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.

Product

  Furniture
  Floor coverings
  Others


Distribution Channel

  Offline
  Online


Price

  Mass
  Premium


Application

  Indoor
  Outdoor


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  South America



  Middle East and Africa

By Product Insights

The furniture segment is estimated to witness significant growth during the forecast period. The markets continue to expand as consumers prioritize improving their living standards and expressing personal style through furniture and textiles. This sector encompasses various products, including furniture, bath textiles, bedroom textiles, carpets and rugs, dining textiles, and decorative items. Middle- and high-income demographics, particularly the Generation X population, are increasingly drawn to high-quality, long-lasting materials like wood, leather, and glass for their homes. Additionally, eco-friendly items made from raw materials such as pinewood, vinyl & rubber, and textiles are gaining popularity.
Multi-purpose furniture, modular wardrobes, and compact solutions cater to small spaces and urban lifestyles. Convenience and customer service are essential factors driving sales, with consumers favoring easy access to products through online retail outlets and physical stores. The infrastructure facilities for housing starts and transportation enable the availability of these products. Changing consumer preferences and lifestyles influence new launches and trends, with social media platforms and home decor magazines serving as key sources of inspiration.

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The Furniture segment was valued at USD 362.90 mil

NOTE: This dataset reflects data as of 7/21/2023. The Department of Consumer and Worker Protection (DCWP) is working on an updated version of this dataset. A list of all home improvement business and tow truck industry trust fund invasions, which are used to cover certain unpaid consumer restitution awards or fines.

The real total consumer spending on household upkeep in Peru was forecast to continuously increase between 2024 and 2029 by in total 2.2 billion U.S. dollars (+13.7 percent). After the ninth consecutive increasing year, the real spending on household upkeep is estimated to reach 18.6 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real total consumer spending on household upkeep in countries like Ecuador and Bolivia.

Japan Home Improvement Stores Sales: Toyama data was reported at 1.761 JPY bn in Jan 2020. This records a decrease from the previous number of 2.582 JPY bn for Dec 2019. Japan Home Improvement Stores Sales: Toyama data is updated monthly, averaging 2.366 JPY bn from May 2014 (Median) to Jan 2020, with 69 observations. The data reached an all-time high of 3.103 JPY bn in Dec 2014 and a record low of 1.539 JPY bn in Feb 2019. Japan Home Improvement Stores Sales: Toyama data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.H015: Home Improvement Stores: Sales.

The real total consumer spending on household upkeep in Colombia was forecast to decrease between 2024 and 2029 by in total 829.5 million U.S. dollars (-6.48 percent). This overall decrease does not happen continuously, notably not in 2029. The real spending on household upkeep is estimated to amount to 12 billion U.S. dollars in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.

This data set contains Help to Buy: Equity Loan statistics at local authority level and includes total equity loans and equity loans to first time buyers . For data released from 5 March 2015 onwards, the Homes and Community Agency (HCA) have revised the completion date for the entire Help to Buy Equity Loan time series. The HCA have stopped counting payment date (when the money out is paid out by the HCA) and now report on the expected actual completion date. It is more accurate and is closer to the live situation, especially when HCA now recognise an asset based on a completion, rather than exchange and approved claim. As a result (and due to reinstating accounts) HCA have seen movement of actual completions dates. There should not be this level of difference moving forward, it was a one off activity.

Japan Home Improvement Stores Sales: Hokkaido data was reported at 8.188 JPY bn in Jan 2020. This records a decrease from the previous number of 12.845 JPY bn for Dec 2019. Japan Home Improvement Stores Sales: Hokkaido data is updated monthly, averaging 11.250 JPY bn from May 2014 (Median) to Jan 2020, with 69 observations. The data reached an all-time high of 14.076 JPY bn in Dec 2014 and a record low of 6.967 JPY bn in Feb 2015. Japan Home Improvement Stores Sales: Hokkaido data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.H015: Home Improvement Stores: Sales.

This is a NorthernSTAR renovation project for Urban Homeworks incorporating installation of a combination space and water heater, Overcoat insulation retrofit on the roof, and Excavationless foundation insulation retrofit. STRUCTURE - 1401 North 16th Ave Minneapolis, MN 55411 Various groups from the affordable housing industry have consulted with the University of Minnesota's Cold Climate Housing Program to solve persistent energy and health-related problems such as ice dams, high energy bills, and mold/moisture issues-especially in complicated house types such as 1.5-story homes in cold climates. The NorthernSTAR Building America Partnership has completed multiple research projects on high-performance measures applied during renovation of single-family homes that could help the affordable housing industry address performance concerns. This demonstration project is an example of three high-performance measures applied to one house in Minneapolis, Minnesota. The selected vacant home was completely renovated by Urban Homeworks (UHW), which is a nonprofit housing partner, with the intent of selling the home to a low-income family. The renovation included the addition of the three advanced-performance technologies that were applied to the overall scope of the project. Single-family homes in urban areas that are available for renovation by nonprofit developers are often in need of repair. Budgeting has historically focused on improving homes to meet basic housing standards. A rising interest in the long-term impact of homeownership has introduced the need to balance basic needs with home performance. The goal of this demonstration project was to help UHW and other nonprofit developers become familiar with three U.S. Department of Energy Building America performance measures-including the installation processes, impacts, and benefits of each. To maximize efficiency of application and to address budget issues, the NorthernSTAR team worked with UHW to identify ways to use volunteers and construction training programs to install the measures. An open invitation to visit the job site was provided to other nonprofit developers and support teams to encourage dialog about the systems during live installation.

WFS service of the city of Emmendingen’s “BP Special Area Construction and Home Improvement Market – Area Ambs” development plan, which was transformed after INSPIRE, based on an XPlanung dataset in version 5.0.

The real total consumer spending on household upkeep in El Salvador was forecast to continuously increase between 2024 and 2029 by in total 147.4 million U.S. dollars (+15.11 percent). After the ninth consecutive increasing year, the real spending on household upkeep is estimated to reach 1.1 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real total consumer spending on household upkeep in countries like Panama and Guatemala.