Press Release

United States Home Improvement Market to Grow at a CAGR of 4.47% in the Forecast Period

United States Home Improvement Market is being propelled by Rising demand for smart home products and the growing popularity of outdoor living spaces.


According to TechSci Research report, “United States Home Improvement Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the United States Home Improvement Market stood at USD 448.08 billion in 2022 and is anticipated to grow with a CAGR of 4.51% in the forecast period, 2024-2028. The United States home improvement sector is a robust and diverse industry encompassing a wide spectrum of products and services aimed at enhancing residential properties. Homeowners invest in renovations, repairs, and upgrades to create more comfortable, functional, and visually appealing living spaces. The industry's vitality is influenced by factors like economic conditions, housing market trends, and the aging housing stock. Sustainability, energy efficiency, and technological advancements are key drivers shaping the sector. Challenges include labor shortages, supply chain disruptions, regulatory compliance, and intense competition. Notable trends include a growing emphasis on sustainability, smart home integration, aging-in-place renovations, and the popularity of DIY projects. Online sales have surged, transforming the shopping experience for consumers.

The economic health of the United States is intricately linked with the home improvement industry. Economic conditions, such as GDP growth, employment rates, and consumer confidence, significantly influence the industry's performance. During times of economic prosperity and high consumer confidence, homeowners are more likely to invest in home improvement projects. These projects can range from basic repairs and maintenance to more ambitious undertakings like remodeling entire rooms or expanding living spaces.

The housing market also plays a substantial role in driving the home improvement industry. During periods of robust housing activity, with rising property values, homeowners frequently engage in renovations and upgrades to increase the value of their homes. Low-interest rates and favorable lending conditions can further stimulate homeowners to invest in home improvements.

Conversely, during a housing market downturn, homeowners may postpone or scale back their renovation plans as they prioritize essential repairs over discretionary projects. The cyclical nature of the housing market, characterized by periods of growth followed by corrections, greatly impacts the pace and scale of home improvement projects.

In recent years, the U.S. housing market has experienced these fluctuations, impacting the level of activity in the home improvement industry. As the economy and housing market continue to evolve, the industry must adapt its strategies to align with changing consumer behavior and market conditions.

The growing emphasis on sustainability and energy efficiency is a driving force in the U.S. home improvement industry. Homeowners increasingly prioritize eco-friendly and energy-saving solutions, not only to reduce their environmental footprint but also to lower utility bills and enhance property value.


Browse over XX market data Figures spread through 83 Pages and an in-depth TOC on "United States Home Improvement Market.”


This trend is evident in the adoption of green building practices and the installation of energy-efficient appliances, insulation, windows, and HVAC systems. Solar panels and smart home technologies, which help homeowners manage energy consumption, are also on the rise.

Government incentives and regulations further bolster the focus on sustainability. Federal and state incentives, tax credits, and rebates are often available to encourage homeowners to invest in energy-efficient upgrades. Building codes and standards are evolving to incorporate eco-friendly practices, making it necessary for home improvement companies to stay current with these regulations.

For home improvement businesses, embracing sustainability and energy efficiency can be a competitive advantage. Offering green building materials, providing expertise on energy-efficient solutions, and helping homeowners access available incentives can set companies apart in a market increasingly focused on environmental and energy-conscious practices.

United States Home Improvement market is segmented into product, project, sales channel, and region.

Based on the project, the market is segmented into DIFM, DIY.

DIY (Do-It-Yourself) has emerged as a rapidly growing segment in the United States home improvement industry. Driven by the desire for personalization and cost savings, more homeowners are taking on home improvement projects themselves. This trend is fueled by easy access to online tutorials, a wealth of DIY-focused content on social media platforms, and the availability of affordable tools and materials. The DIY culture empowers individuals to tackle a wide range of projects, from minor repairs to complex renovations. It not only fosters a sense of accomplishment but also aligns with changing consumer preferences for hands-on involvement in home improvement. This trend has led to a surge in sales of DIY-friendly products and materials.


Major companies operating in United States Home Improvement market are:

  • The Home Depot U.S.A., Inc.
  • Lowe’s Companies Inc.
  • Menard Inc.
  • ACE Hardware Corpoartion
  • True Value Company
  • 84 Lumber
  • Floor & Decor Holdings Inc.
  • 3M Company
  • Kohler Company
  • ABC Supply Co., Inc.


Download Free Sample Report

Customers can also request for 10% free customization on this report.


The United States home improvement industry is a diverse and dynamic sector encompassing a wide range of products and services aimed at enhancing and renovating residential properties. It plays a vital role in the pursuit of comfortable, functional, and aesthetically pleasing living spaces. Key drivers include economic conditions, an aging housing stock, sustainability trends, and technological advancements. Challenges include labor shortages, supply chain disruptions, regulatory compliance, and intense competition. Prominent trends include a focus on sustainability, integration of smart home technology, aging-in-place renovations, and the rise of DIY culture. Online sales have surged, providing convenience and a wide product selection.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

United States Home Improvement Market By Product (Building & Remodeling, Home Décor, Outdoor Living, Tools & Hardware), By Project (DIFM, DIY), By Sales Channel (Homeware Stores, Franchised Stores, Specialty Stores, Online, Others (Direct Sellers, General Merchandised Retailers, etc.)) By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of United States Home Improvement market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Home Improvement market.



Mr. Ken Mathews

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170                   

Tel: +13322586602

Email: [email protected]


Relevant News