Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The "Home Improvement Products - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Home Improvement Products is estimated at US$801.5 Billion in 2023 and is projected to reach US$1.0 Trillion by 2030, growing at a CAGR of 3.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the home improvement market is driven by several factors, highlighting the diverse and evolving nature of this sector. Economic recovery and rising home equity have empowered more homeowners to invest in renovations and upgrades. Technological advancements have also played a crucial role, with the integration of smart home technology and eco-friendly products meeting consumer demands for convenience and sustainability. Additionally, demographic shifts, such as the aging population and the tendency of millennials to purchase older homes that require renovations, have contributed to market expansion.
The influence of social media and home improvement television shows cannot be overlooked, as they continue to inspire DIY projects and renovations. Moreover, the increased prevalence of remote work arrangements has prompted many to adapt their living spaces to accommodate home offices, further stimulating the market. These factors, combined with the heightened desire for personalized living spaces, drive continuous growth in the home improvement industry, making it a dynamic and ever-evolving field.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Home Improvement Products Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Home Improvement Products Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions
Key Insights:
- Market Growth: Understand the significant growth trajectory of the DIY Home Improvement Products segment, which is expected to reach US$456.8 Billion by 2030 with a CAGR of a 4.9%. The DIFM Home Improvement Products segment is also set to grow at 3.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $216.7 Billion in 2023, and China, forecasted to grow at an impressive 6.7% CAGR to reach $218.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3M Company, ABC Supply Co., Inc., Anderson Corp., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Home Improvement Products - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Focus on Home Aesthetics Propels Growth in Home Improvement Market
- DIY Culture and Home Renovation Shows Expand Market Opportunity for Home Improvement Products
- Shift Towards Energy Efficiency in Residential Spaces Strengthens Demand for Green Products
- Aging Population and Mobility Trends Drive Market for Home Safety and Accessibility Products
- Consumer Trends Towards Personalization and Customization in Home Decor
- Economic Recovery and Increased Home Ownership Rates Propel Home Improvement Industry
- Growing Influence of Social Media on DIY and Home Renovation Trends
FOCUS ON SELECT PLAYERS (Total 164 Featured)
- 3M Company
- ABC Supply Co., Inc.
- Anderson Corp.
- Builders FirstSource, Inc
- E. I. du Pont De Nemours and Company
- Ferguson Enterprises, Inc.
- Fortune Brands Home & Security, Inc.
- GAF
- Hanley Wood LLC
- Home Depot Inc.
- Jeld-Wen, Inc.
- Kohler Co.
For more information about this report visit https://www.researchandmarkets.com/r/xftqcd
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