Global home improvement market revenue is set to witness robust growth in the coming years

The home improvement market is expected to see steady growth, driven by rising spending to upgrade aging home infrastructure. Advanced material technologies such as 3D printed structures, self-healing concrete cracks and kinetic paving are fueling demand for DIY projects. There is greater acceptance among builders, architects, home decorators, interior designers and DIY enthusiasts for improved materials for renovation projects. Beneficial properties such as enhanced property protection, customizability and energy efficiency are expected to drive demand for such materials.

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3D printing technology has given customers the opportunity to customize their homes with extraordinary decorative items. The technology has been adopted in the fields of architecture and interior design, making it easier to create bespoke home products such as curtain walls, moldings and wallpaper with a specific feel and style. The benefits of 3D printing include the integration of architectural features such as rapid remodeling capabilities, curved walls, and total design freedom, increasing its popularity with homeowners and builders.

Global Market Insights, Inc. predicts that the home improvement market could grow to over $1,009.9 billion by 2027. Several companies work with architects to develop cost-effective and efficient home renovation designs and home improvement ideas to meet customers’ needs. In 2021, Kohler, a major player in the industry, unveiled the new home improvement store in its first virtual symposium.

In terms of end-use, exterior spare parts accounted for a notable share of more than 18.6% in 2020 and is expected to dominate the industry. External replacement activities add unique value to the appearance of the case, as well as durability and better performance. Home remodeling products that require little maintenance, are aesthetically pleasing and offer high energy efficiency are in demand. While renovation projects related to the external environment could improve a home’s safety features.

Real estate improvement end-use space is expected to reach $152.6 billion over the forecast period, driven by consumer preference for convenient living and changing lifestyles. Building improvement structures consist of garages, porches, and other outbuildings, while non-structural improvements include bike lanes, gates, driveways, walkways, and fences. It is estimated that the increase in the number of nuclear families is driving the growth of individual dwellings, group companies and apartments.

Geographically, the Middle East and Africa home improvement market is likely to register a CAGR of 3.6% due to rising property prices in emerging markets like the UAE, Saudi Arabia and Turkey. Improving home decor is gaining popularity in the region. The construction sector in the UAE is mainly driven by robust investment in residential construction.

Meanwhile, the Latin American home improvement market is expected to reach a CAGR of 5.2%, driven by the growing importance of coordinated sanitaryware, faucets and accessories, and concept washrooms. There is a growing number of experienced retail parks where customers can virtually see the post-renovation version of their bathroom.

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On a global scale, the home improvement market includes companies such as Henkel Corporation, Robert Bowden, Pella Corporation, Masco Corporation, American Exteriors, Kohler, Harvey Building Products, Owens Construction, Lutron Electronics, APCO Industries, Neil Kelly Company, Keller Supply Company, and Boral Building Products , among other things. These companies work on partnerships, product innovations, technological advances and geographic expansions.

Table of contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 First data exploration

1.1.2 Statistical Model and Forecast

1.1.3 Industry Insights and Validation

1.1.4 Definitions & Forecast Parameters

1.1.5 Assumptions, forecast parameters and considerations

1.2 Base estimates and works

1.2.1 North America

1.2.2 Europe

1.2.3 APAC

1.2.4 LATAM

1.2.5 MEA

1.3 Forecast Parameters

1.3.1 COVID-19 Impact Calculations on Industry Forecasts

1.2 Data Sources

1.2.1 Secondary

1.2.2 Primary

Chapter 2 Summary of Home Improvement Market

2.1 Home improvement industry 3600 Synopsis, 2017 – 2027

2.1.1 Business Development

2.1.2 Project Trends

2.1.3 End Use Trends

2.1.4 Regional trends

Chapter 3 Home Improvement Market Insights

3.1 Industry Segmentation

3.2 Industry Landscape, 2017 – 2027

3.2.1 Impact of COVID-19 on the industry landscape

3.3 Industry Ecosystem Analysis

3.3.1 Supply Chain

3.3.2 Raw Materials SCM practices of raw material suppliers

3.3.3 Distribution Channel Analysis Online Sales Channel Resellers Wholesale DIY stores DIFM Merchant

3.3.4 Profit Margin Analysis

3.3.5 Vendor Matrix

3.3.6 Analysis of Value Chain Disruption (Impact of COVID-19)

3.4 Technology Landscape

3.4.1 Smart Windows

3.4.2 Contactless Security Cards

3.4.3 3D printing

3.4.4 Integrated Home Systems (IHS)

3.5 Raw Materials Analysis

3.5.1 Impact of COVID-19 on raw material supply

3.6 Overview of the Global Residential Construction Market

3.7 Regulatory Landscape

3.7.1 North America

3.7.2 Europe European Construction Observatory European Commission Implementing Decree 364/2012 implementing Law 555/2005 Law No. 150/2013 on the State Housing Fund (Section 6(1)(c) of the Law

3.7.3 Asia Pacific China

3.7.4 Latin America Mexico

3.7.5 Middle East and Africa Saudi Arabia South Africa

3.8 Industry best practices and key purchasing criteria

3.9 Impact Forces of Industry

3.9.1 Growth Drivers Increase in the price of new houses and increasing ownership transfers North America Asia Pacific Europe LATAM Middle East and Africa Supporting energy efficiency programs and financing options Increasing spending by baby boomers to modernize aging infrastructure

3.9.2 Industry pitfalls and challenges Limited availability of skilled labor to meet fluctuating consumer demand Increasing costs and need to improve supply chain transparency and efficiency

3.10 Innovation and Sustainability

3.11 Growth Potential Analysis, 2020

3.12 Competitive landscape, 2020

3.12.1 Company Performance Analysis, 2020

3.12.2 Market Share Analysis, 2020

3.12.3 Key Stakeholders

3.12.4 Strategy Dashboard

3.13 Regional price development

3.13.1 Impact of COVID-19 on Pricing

3.14 Porter’s analysis

3.15 PESTLE Analysis

3.15 Impact of COVID-19 on Home Improvement Demand by Application

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