Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Residential Remodelers Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The global residential remodelers market is on an upward trajectory and is expected to reach new heights by 2024, as detailed in a new comprehensive market research report. This expansion is fueled by key drivers such as increasing disposable income, an aging demographic seeking accessibility in housing, and technological advancements within the industry.
According to the report, the market which stood at $825.71 billion in 2023, is poised to grow to $845.03 billion in 2024, marking a Compound Annual Growth Rate (CAGR) of 2.3%. North America leads the charge as the largest regional player in the field, with a robust infrastructure accommodating this significant growth.
The report highlights that the rise in construction activities and the increasing homeowners' disposable income are significant contributors to this growth. Such financial freedom is allowing homeowners to invest in renovations that not only elevate the aesthetics of their household but also enhance property value and living standards.
Technological advancements are also shaping the future of residential remodeling. Innovations like real-time workforce data analytics, project management software solutions, and advanced 3D scanning technology are redefining the efficiency and effectiveness of the residential remodeling process.
Noteworthy trends anticipated to impact the market include:
- The integration of smart home technology
- Design adjustments catering to a growing remote workforce
- Implementations focusing on energy conservation and sustainable living
Strategic acquisitions within the industry are also highlighted as a pattern, with companies broadening their service offerings to cater to a more diverse client base.
In-depth analysis within the report provides insights into the competitive landscape, where significant industry players with innovative solutions are at the forefront of the remodeling boom. The utilization of modern technologies such as LiDAR and the Internet of Things (IoT) by major companies underscores a market that is increasingly inclined towards modernization and precision.
The report unpacks an array of segments within the residential remodelers market, detailing specific types of glass and glass products such as tempered, laminated, and insulating glass that find applications across industries from construction to aerospace.
A selection of companies mentioned in this report includes
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/rxtkr5
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