Residential Remodelers Global Market Report 2024

The residential remodelers market size has grown steadily in recent years. It will grow from $825.71 billion in 2023 to $845.03 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth observed in the historical period can be attributed to factors such as economic conditions and home equity, changing lifestyle trends, the aging housing stock, dynamics in the real estate market, and homeownership rates.

The residential remodelers market size is expected to see steady growth in the next few years. It will grow to $926.83 billion in 2028 at a compound annual growth rate (CAGR) of 2.3%. The anticipated growth in the forecast period can be attributed to factors such as the aging population and increased focus on accessibility, a demand for sustainable and energy-efficient upgrades, the growing integration of technology in homes, trends in home offices and remote work, and the impact of the COVID-19 pandemic. Major trends expected in the forecast period include the adoption of technology-driven project management, the creation of multigenerational living spaces, the incorporation of resilient and disaster-resistant design principles, an emphasis on energy-efficient upgrades, and an increased focus on online presence and marketing in the residential remodeling industry.

The anticipated growth in the construction sector is expected to drive the expansion of the residential remodelers market. The construction industry, encompassing the construction, alteration, and repair of structures such as houses, industries, highways, and bridges, plays a pivotal role in influencing the demand for residential remodeling services. An upswing in construction activities, as illustrated by recent statistics from the United States Census Bureau in March 2023, where total construction spending increased from $1.54 trillion in November 2020 to $1.84 trillion in November 2022, reflecting a 16.3% surge, is a key factor contributing to the growth of the residential remodelers market.

The increasing disposable income of homeowners is poised to be a driving force behind the growth of the residential remodelers market. Disposable income, representing the money households have available after deducting income taxes, influences homeowners' decisions to invest in home improvement projects. The rise in disposable income encourages homeowners to undertake projects enhancing the aesthetic appeal of their living spaces, increasing property value, and improving overall quality of life. Notably, as reported by Statistics Iceland in March 2023, household gross disposable income increased by 9.2% from 2021 to 2022, and disposable income per capita rose by 6.5%, reaching $0.35 million (4.9 million ISK) in 2022. Hence, the escalating disposable income of homeowners is a key driver of the residential remodelers market.

Technological advancements emerge as a prominent trend in the residential remodelers market, with major companies focusing on innovative solutions to bolster their market positions. A case in point is Eyrus Inc., a US-based software business, which introduced Eyrus Evolved in December 2022, offering an end-to-end solution for general contractors to make informed decisions regarding progress, risk, and safety. Leveraging non-intrusive technology, Eyrus Evolved provides real-time workforce data and analytics through a Consolidated Workforce Database, enabling project teams to proactively adapt to dynamic project settings and positively impact schedule, safety, and cost. This platform reduces project administrative overhead by 25% by automating essential operations with the integration of Construction IoT (Internet of Things) technology.

Major companies in the residential remodelers market are also integrating cutting-edge technologies such as LiDAR into next-gen solutions to gain a competitive edge. West Shore Home, a US-based home renovation and remodeling company, introduced Hawkeye in October 2023, a proprietary iOS application utilizing LiDAR technology for rapid 3-D scans of remodeling projects. This innovative application ensures pinpoint accuracy, facilitating advanced 3D scanning, modeling, and measurements for home remodeling and renovation projects. The incorporation of LiDAR technology enhances precision and efficiency in the remodeling process.

In June 2022, Corporate Contractors Inc., a US-based construction contracting firm, acquired Lowell Custom Houses (Lowell Management Services Inc.) along with various properties. This strategic acquisition broadens the service offerings of Corporate Contractors Inc., encompassing custom house building services alongside commercial and industrial construction capabilities. Lowell Custom Homes, a US-based architecture and residential building firm specializing in custom luxury homes, adds expertise in creating houses, exterior and interior design, kitchen and bath renovations, and overall space transformations.

Major companies operating in the residential remodelers market report are Andersen Corporation, Dow Inc., Jeld-Wen Holdings Inc., Kajaria Ceramics Limited, Kohler Co., Pella Corporation, Seven Group Holdings Limited, Industrie Cotto Possagno S.p.A, Lutron Electronics Inc., Mohawk Industries Inc., Masco Corporation, Ferguson Enterprises Inc., Case Design/Remodeling Inc., Trex Company Inc., Henkel Construction Company, D.R. Horton Inc., Lennar Corporation, PulteGroup Inc., Greystar Real Estate Partners LLC, Alliance Residential Company LLC, NVR Inc., Taylor Morrison Home Corporation, KB Home Inc., Meritage Homes Corporation, Clayton Properties Group Inc., Century Communities Inc., LGI Homes Inc., Mill Creek Residential Trust LLC, Wood Partners LLC, Trammell Crow Residential, DHI Communities Inc., Bridge Investment Group, The Related Group, The NRP Group LLC, Continental Properties Company Inc., Anywhere Remodeling, Power Home Remodeling Group, Dreamstyle Remodeling Inc., Reborn Cabinets Inc., Kitchen Magic Inc.

North America was the largest region in the residential remodelers market in 2023. The regions covered in the residential remodelers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the residential remodelers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of glass and glass products include tempered glass, laminated glass, basic float glass, and insulating glass. Tempered glass undergoes strengthening through thermal or chemical treatments and is utilized in a diverse range of applications, such as shower doors, automobile windows, phone screens, and architectural elements such as skylights and balustrades. These glass products are distributed through various channels, including B2B, specialized stores, supermarkets/hypermarkets, e-commerce, and others. They find applications in packaging, construction, transportation, electrical & electronics, telecommunications, and aerospace, among others.

The residential remodelers market research report is one of a series of new reports that provides residential remodelers market statistics, including residential remodelers industry global market size, regional shares, competitors with a residential remodelers market share, detailed residential remodelers market segments, market trends, and opportunities, and any further data you may need to thrive in the residential remodelers industry. This residential remodelers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.