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Global Home Improvement Market, By Project, By End Use, By Region, Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • ID: 5585193
  • Report
  • April 2022
  • Region: Global
  • 191 Pages
  • Blueweave Consulting & Research Pvt Ltd

Home Improvement Market to be Worth over USD 500 Billion by 2028


The global home improvement market is growing at a high CAGR because of the rising disposable income along with rapid urbanization coupled with changing trends and increasing inclination of younger consumers to transform their homes that match their aesthetics and boost their living comfort.

This recent study revealed that the global home improvement market was worth USD 333.7 billion in the year 2021. The market is forecast to grow at a CAGR of 6.40%, with revenues reaching around USD 514.9 billion by the end of 2028. The global home improvement market is gaining significant traction owing to the rising disposable income along with rapid urbanization. Furthermore, changing trends and increasing the inclination of younger consumers to transform their homes that match their aesthetics and boost their living comfort is also playing a crucial role in propelling the growth of the global home improvement market.

Growing Popularity of Online Channels is Driving Global Home Improvement Market


The increasing popularity of online channels for acquiring home improvement tools and materials is presenting lucrative growth opportunities for the market. The online shops are now partnering with the home improvement components and service providing companies to offer attractive services such as same-day delivery. Furthermore, the consumers can now access a wide range of components that are not available or produced locally. Furthermore, the increasing popularity of mobile wallets and online payment methods is also anticipated to flourish the global home improvement market.

Rising Integration of Advanced Technologies is Propelling Global Home Improvement Market


The rising integration of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), etc., is further propelling the demand for home improvement services. The installation of IoT sensors and smart devices in homes requires services such as maintenance and repair, and interior changes that are offered by home improvement services. With the increasing popularity of smart homes among consumers additional security is anticipated to boost the growth of the global home improvement market.

Global Home Improvement Market - By End-Use


Based on end-use, the global home improvement market is segmented into kitchen improvement & additions, bath improvement & additions, system upgrades, exterior replacements, interior replacements, property improvements, disaster repairs, and other room additions & alterations. The exterior replacements segment accounts for the largest market share. The exterior of the home is constantly exposed to harsh environments and therefore is more prone to damage compared to other parts. Therefore, the consumers significantly invest in maintenance and repair of the exterior, driving this segment growth.

Global Home Improvement Market - Regional Insights


Geographically, the global home improvement market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Europe dominates the global home improvement market owing to the high disposable income of the customers in this region. The presence of Tier I countries such as the United Kingdom, France, Germany, Spain, etc., and the availability of advanced home improvement services in these countries also plays a crucial role in propelling the growth of the global home improvement market. Following Europe, North America also covers a substantial market share.

Impact of COVID-19 on Global Home Improvement Market


The global home improvement market was negatively impacted by the unprecedented COVID-19 pandemic outbreak. Several countries faced economic recession of certain levels due to restrictions on economic activities, which directly impacted the disposable income and purchasing power of the consumers. As a result, a large percentage of consumers postponed their plans of investing in home improvements, due to which the industry players had to bear huge losses. Furthermore, the restrictions on the supply chains and social distancing norms also affected the market growth.

Competitive Landscape


The leading market players of the global home improvement market are Sherwin-Williams Company, Power Home Remodeling Group, The Home Depot, Kingfisher, Ferguson Enterprises, Owens Construction, Andersen Corporation, State-wide Remodeling, DuPont de Nemours, Harvey Building Products, Watsco, Inc., Boral Building Products, Beacon Roofing Supply, APCO Industries, Pella Corporation, Robert Bowden, Kohler, Keller Supply Company, Dreamstyle Remodeling, Lutron Electronics, and other prominent players. The market is fragmented with the presence of several global and regional industry players. The companies constantly launch new designs and methods of home improvement to attract customers and bring innovations into their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, joint ventures, etc., is also prominent in this market.

Don’t miss the business opportunity of the global home improvement market. Consult the report to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global home improvement market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global home improvement market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


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1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Home Improvement Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Advancement/Recent Development
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Global Home Improvement Market Overview
5.1. Market Size & Forecast by Value, 2018-2028
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Type
5.2.1.1. Kitchen Improvement & Additions
5.2.1.2. Bath Improvement & Additions
5.2.1.3. System Upgrades
5.2.1.4. Exterior Replacements
5.2.1.5. Interior Replacements
5.2.1.6. Property Improvements
5.2.1.7. Disaster Repairs
5.2.1.8. Other Room Additions & Alterations
5.2.2. By Project
5.2.2.1. DIY
5.2.2.2. DIFM
5.2.3. By Source
5.2.3.1. Homeware Stores
5.2.3.2. Franchised Stores
5.2.3.3. Specialty Stores
5.2.3.4. Online Sales Channel
5.2.3.5. Others {Direct Sellers, General Merchandised Retailers, etc.}
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. The Asia Pacific
5.2.4.4. Latin America
5.2.4.5. The Middle East and Africa
6. North America Home Improvement Market
6.1. Market Size & Forecast by Value, 2018-2028
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Project
6.2.3. By Source
6.2.4. By Country
6.2.4.1. United States
6.2.4.2. Canada
7. Europe Home Improvement Market
7.1. Market Size & Forecast by Value, 2018-2028
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Project
7.2.3. By Source
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. United Kingdom
7.2.4.3. Italy
7.2.4.4. France
7.2.4.5. Spain
7.2.4.6. Rest of Europe
8. Asia Pacific Home Improvement Market
8.1. Market Size & Forecast by Value, 2018-2028
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Project
8.2.3. By Source
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. South Korea
8.2.4.5. Rest of Asia Pacific
9. Latin America Home Improvement Market
9.1. Market Size & Forecast by Value, 2018-2028
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Project
9.2.3. By Source
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Rest of Latin America
10. Middle East & Africa Home Improvement Market
10.1. Market Size & Forecast by Value, 2018-2028
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Project
10.2.3. By Source
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of Covid-19 on Global Home Improvement Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
13.1. The Home Depot U.S.A., Inc.
13.2. Lowe's Companies, Inc.
13.3. Groupe Adeo SA
13.4. Wesfarmers Limited (Bunnings Warehouse)
13.5. Kingfisher Plc, Menards, Inc.
13.6. Ace Hardware Corporation
13.7. OBI Group Holding SE & Co.KGaA
13.8. Hornbach Holding AG & Co. KGaA Group
13.9. 3M Company
13.10. Other prominent players
14. Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Global Home Improvement Market Segmentation
Figure 2 Global Home Improvement Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global Home Improvement Market Size, By Value (USD Million), 2018-2028
Figure 5 Global Home Improvement Market Share, By Type, By Value, 2018-2028
Figure 6 Global Home Improvement Market Share, By Project, By Value, 2018-2028
Figure 7 Global Home Improvement Market Share, By Source, By Value, 2018-2028
Figure 8 Global Home Improvement Market Share, By Region, By Value, 2018-2028
Figure 9 North America Home Improvement Market Size, By Value (USD Million), 2018-2028
Figure 10 North America Home Improvement Market Share, By Type, By Value, 2018-2028
Figure 11 North America Home Improvement Market Share, By Project, By Value, 2018-2028
Figure 12 North America Home Improvement Market Share, By Source, By Value, 2018-2028
Figure 13 North America Home Improvement Market Share, By Country, By Value, 2018-2028
Figure 14 Europe Home Improvement Market Size, By Value (USD Million), 2018-2028
Figure 15 Europe Home Improvement Market Share, By Type, By Value, 2018-2028
Figure 16 Europe Home Improvement Market Share, By Project, By Value, 2018-2028
Figure 17 Europe Home Improvement Market Share, By Source, By Value, 2018-2028
Figure 18 Europe Home Improvement Market Share, By Country, By Value, 2018-2028
Figure 19 Asia-Pacific Home Improvement Market Size, By Value (USD Million), 2018-2028
Figure 20 Asia-Pacific Home Improvement Market Share, By Type, By Value, 2018-2028
Figure 21 Asia-Pacific Home Improvement Market Share, By Project, By Value, 2018-2028
Figure 22 Asia-Pacific Home Improvement Market Share, By Source, By Value, 2018-2028
Figure 23 Asia-Pacific Home Improvement Market Share, By Country, By Value, 2018-2028
Figure 24 Latin America Home Improvement Market Size, By Value (USD Million), 2018-2028
Figure 25 Latin America Home Improvement Market Share, By Type, By Value, 2018-2028
Figure 26 Latin America Home Improvement Market Share, By Project, By Value, 2018-2028
Figure 27 Latin America Home Improvement Market Share, By Source, By Value, 2018-2028
Figure 28 Latin America Home Improvement Market Share, By Country, By Value, 2018-2028
Figure 29 Middle East & Africa Home Improvement Market Size, By Value (USD Million), 2018-2028
Figure 30 Middle East & Africa Home Improvement Market Share, By Type, By Value, 2018-2028
Figure 31 Middle East & Africa Home Improvement Market Share, By Project, By Value, 2018-2028
Figure 32 Middle East & Africa Home Improvement Market Share, By Source, By Value, 2018-2028
Figure 33 Middle East & Africa Home Improvement Market Share, By Country, By Value, 2018-2028
List of Tables
Table 1 Global Home Improvement Market Size, By Type, By Value, 2018-2028
Table 2 Global Home Improvement Market Size, By Project, By Value, 2018-2028
Table 3 Global Home Improvement Market Size, By Source, By Value, 2018-2028
Table 4 Global Home Improvement Market Size, By Region, By Value, 2018-2028
Table 5 North America Home Improvement Market Size, By Type, By Value, 2018-2028
Table 6 North America Home Improvement Market Size, By Project, By Value, 2018-2028
Table 7 North America Home Improvement Market Size, By Source, By Value, 2018-2028
Table 8 North America Home Improvement Market Size, By Country, By Value, 2018-2028
Table 9 Europe Home Improvement Market Size, By Type, By Value, 2018-2028
Table 10 Europe Home Improvement Market Size, By Project, By Value, 2018-2028
Table 11 Europe Home Improvement Market Size, By Source, By Value, 2018-2028
Table 12 Europe Home Improvement Market Size, By Country, By Value, 2018-2028
Table 13 Asia-Pacific Home Improvement Market Size, By Type, By Value, 2018-2028
Table 14 Asia-Pacific Home Improvement Market Size, By Project, By Value, 2018-2028
Table 15 Asia-Pacific Home Improvement Market Size, By Source, By Value, 2018-2028
Table 16 Asia-Pacific Home Improvement Market Size, By Country, By Value, 2018-2028
Table 17 Latin America Home Improvement Market Size, By Type, By Value, 2018-2028
Table 18 Latin America Home Improvement Market Size, By Project, By Value, 2018-2028
Table 19 Latin America Home Improvement Market Size, By Source, By Value, 2018-2028
Table 20 Latin America Home Improvement Market Size, By Country, By Value, 2018-2028
Table 21 Middle East & Africa Home Improvement Market Size, By Type, By Value, 2018-2028
Table 22 Middle East & Africa Home Improvement Market Size, By Project, By Value, 2018-2028
Table 23 Middle East & Africa Home Improvement Market Size, By Source, By Value, 2018-2028
Table 24 Middle East & Africa Home Improvement Market Size, By Country, By Value, 2018-2028
Table 25 The Home Depot U.S.A., Inc. Company Overview
Table 26 The Home Depot U.S.A., Inc. Financial Overview
Table 27 Lowe's Companies, Inc. Company Overview
Table 28 Lowe's Companies, Inc. Financial Overview
Table 29 Wesfarmers Limited (Bunnings Warehouse) Company Overview
Table 30 Wesfarmers Limited (Bunnings Warehouse) Financial Overview
Table 31 Kingfisher Plc, Menards, Inc. Company Overview
Table 32 Kingfisher Plc, Menards, Inc. Financial Overview
Table 33 Ace Hardware Corporation Company Overview
Table 34 Ace Hardware Corporation Financial Overview
Table 35 3M Company Overview
Table 36 3M Company Financial Overview
Table 37 OBI Group Holding SE & Co.KGaA Company Overview
Table 38 OBI Group Holding SE & Co.KGaA Financial Overview
Table 39 Hornbach Holding AG & Co. KGaA Company Overview
Table 40 Hornbach Holding AG & Co. KGaA Financial Overview
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