Home Improvement Market Size, Trends, Opportunity, Forecast, 2026

Summary

Report Description

Global home improvement market is anticipated to grow at a CAGR of 5.23% on account of increasing disposable income and changing consumer preferences, etc. Rapidly increasing urbanization and technological advancements are also driving the growth of the global home improvement market in the upcoming five years.

The process of upgrading or adding things to one's home that are linked to home décor, gardening, or other similar hobbies is known as home improvement. The house renovation industry entails efforts to improve the interior, exterior, or other aspects of an existing home. Maintenance, repair, and basic servicing are also part of the home improvement business.

Due to the spread of the COVID-19 pandemic, several governments around the world temporarily ceased all activities, forcing restaurants, workplaces, and other businesses to close. Customers were stranded at home as a result of the lockdown. People focused on renovating and refurbishing their homes as they spent more time at home. With restaurants closing and no other places to go for entertainment, several homeowners spruced up their decks and patios to make their homes more appealing. Many homeowners installed more extensive and high-end lighting equipment to make areas more appealing, particularly area lighting and floodlights.

The COVID-19 pandemic had a huge influence on the transportation, logistics, and shipping industries, as well as manufacturing supply chains, resulting in a considerable drop during the lockdown period. Reduced workforce, increased strain on equipment availability, congestion at specific ports, cost-related challenges, and surcharges on a few services all caused problems for the logistics business.

Growing D-I-Y (Do it Yourself) Concept Drives the Market Growth

During the COVID-19 pandemic, the do-it-yourself home improvement industry grew dramatically. Due to the changes brought on by COVID-19, many customers embarked on home improvements. For example, construction of home offices and gyms, landscape, or just redecorating the living area. The majority of consumers are changing their preferences toward DIY because it saves money and allows them to tailor their home upgrades and remodeling to meet their own requirements. In addition, rising labor costs in the construction and installation industries are a major driver of the do-it-yourself trend.

Rising Demand for Smart Kitchens Fueling the Market Growth

The introduction of high-end, smart equipment, particularly in kitchen has supported the home improvement industry's rise in recent years. The growing need for simple add-ons like one-touch chillers, self-regulating dispensers, and motion-sensing water faucets, among other things, has spurred the acceptance of smart kitchens in home restorations and remodeling.

Changing Tastes and Preferences of Consumers Aids Market Growth

Consumer preferences are shifting towards better and more convenient amenities, which is driving the demand for the home improvement market globally. The generation today is more willing to spend and experiment with new brands and services than previous generations. Also, consumers are more willing to choose advanced home technology and security measures, followed by a slew of convenient components like weather control appliances, smart lighting, and so on, further enhancing their home improvement requirements. Moreover, the rising urban population has given immense opportunities to the market players to cater to the growing demand for home improvement services across the world.

Rising Awareness Pertaining to Sustainability to Fuel the Market

The rising consumer awareness regarding sustainability is prompting market players to require efficient steps towards sustainability so as to expand their consumer base. For example, in 2020, Home Depot reported a decrease in store's electricity usage by 44% within the last years in the US. Thanks to the installation of LED lighting, the usage of building-automation systems, and therefore the inclusion of energy-efficient heating, air conditioning, and ventilation systems, electricity use among the US retailers declined by 14% in 2020. The corporation is additionally making headway towards its objective of eliminating expanded polystyrene (EPS) foam and PVC film from private-label packaging by 2023 in favor of the latest recyclable alternatives.

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Market Segmentation

The global home improvement market is segmented based on product, project, sourcing, region, and competitional landscape. Based on product, the market is further fragmented into building and remodeling, home décor, tools and hardware, and outdoor living. In terms of project, the market is segmented into DIFM (Do-it-for-me) and DIY (Do-it-yourself). Based on sourcing, the market is segmented into homeware stores, franchised stores, specialty stores, online sales channel and others (direct sellers, general merchandised retailers, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, Middle East & Africa and South America. In terms of country, the United States home improvement market is forecast to grow at a faster rate and is expected to reach around USD530.68 billion during the forecast period 2026.

Company Profiles

The Home Depot U.S.A., Inc., Lowe's Companies, Inc., Groupe Adeo SA, Wesfarmers Limited (Bunnings Warehouse), Kingfisher Plc, Menards, Inc., Ace Hardware Corporation, OBI Group Holding SE & Co.KGaA, Hornbach Holding AG & Co. KGaA Group, 3M Company, etc., are among the major market players in the global platform that lead the market growth of the global home improvement market.

Attribute	Details
Market Size Value in 2020	USD1416 Billion
Revenue Forecast in 2026	USD1928 Billion
US Revenue Forecast in 2026	USD530 Billion
Growth Rate	5.23%
Base Year	2020
Historical Years	2016 – 2020
Estimated Year	2021
Forecast Period	2022 – 2026
Quantitative Units	Revenue in USD Billion and CAGR for 2016-2020 and 2021-2026
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Product · Project · Sourcing · Region · Company
Regional Scope	North America, Europe, Asia-Pacific, Middle East & Africa and South America
Country Scope	United States; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; China; Japan; South Korea; Australia; India; Saudi Arabia; UAE, Egypt, South Africa; Brazil; Argentina; Chile
Key Companies Profiled	The Home Depot U.S.A., Inc., Lowe's Companies, Inc., Groupe Adeo SA, Wesfarmers Limited (Bunnings Warehouse), Kingfisher Plc, Menards, Inc., Ace Hardware Corporation, OBI Group Holding SE & Co.KGaA, Hornbach Holding AG & Co. KGaA Group, 3M Company, etc.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, global home improvement market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Home Improvement Market, By Product:

Building and Remodeling
Home Décor
Tools and Hardware
Outdoor Living

Global Home Improvement Market, By Project:

DIFM
DIY

Global Home Improvement Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
United Kingdom
France
Italy
Spain

Asia-Pacific

China
Japan
South Korea
Australia
India

Middle East & Africa

Saudi Arabia
UAE
Egypt
South Africa

South America

Brazil
Argentina
Chile

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global home improvement market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Home Improvement Market

4. Executive Summary

5. Voice of Customer

5.1. Factors Affecting Purchase Decision

5.2. Challenges Faced

5.3. Service Satisfaction Level

5.4. Sources of Information

6. Global Home Improvement Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product (Building and Remodeling, Home Décor, Tools and Hardware and Outdoor Living)

6.2.2. By Project (DIFM & DIY)

6.2.3. By Sourcing (Homeware Stores, Franchised Stores, Specialty Stores, Online Sales Channel and Others {Direct Sellers, General Merchandised Retailers, etc.}))

6.2.4. By Region

6.2.5. By Company (2020)

6.3. Market Map (By Product, By Region)

7. North America Home Improvement Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product

7.2.2. By Project

7.2.3. By Sourcing

7.2.4. By Country

7.3. North America: Country Analysis

7.3.1. United States Home Improvement Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product

7.3.1.2.2. By Project

7.3.1.2.3. By Sourcing

7.3.2. Canada Home Improvement Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product

7.3.2.2.2. By Project

7.3.2.2.3. By Sourcing

7.3.3. Mexico Home Improvement Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product

7.3.3.2.2. By Project

7.3.3.2.3. By Sourcing

8. Europe Home Improvement Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product

8.2.2. By Project

8.2.3. By Sourcing

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Home Improvement Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product

8.3.1.2.2. By Project

8.3.1.2.3. By Sourcing

8.3.2. United Kingdom Home Improvement Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product

8.3.2.2.2. By Project

8.3.2.2.3. By Sourcing

8.3.3. France Home Improvement Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product

8.3.3.2.2. By Project

8.3.3.2.3. By Sourcing

8.3.4. Italy Home Improvement Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product

8.3.4.2.2. By Project

8.3.4.2.3. By Sourcing

8.3.5. Spain Home Improvement Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product

8.3.5.2.2. By Project

8.3.5.2.3. By Sourcing

9. Asia-Pacific Home Improvement Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product

9.2.2. By Project

9.2.3. By Sourcing

9.2.4. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Home Improvement Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product

9.3.1.2.2. By Project

9.3.1.2.3. By Sourcing

9.3.2. Japan Home Improvement Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product

9.3.2.2.2. By Project

9.3.2.2.3. By Sourcing

9.3.3. South Korea Home Improvement Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product

9.3.3.2.2. By Project

9.3.3.2.3. By Sourcing

9.3.4. Australia Home Improvement Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Product

9.3.4.2.2. By Project

9.3.4.2.3. By Sourcing

9.3.5. India Home Improvement Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Product

9.3.5.2.2. By Project

9.3.5.2.3. By Sourcing

10. Middle East & Africa Home Improvement Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product

10.2.2. By Project

10.2.3. By Sourcing

10.2.4. By Country

10.3. Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia Home Improvement Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product

10.3.1.2.2. By Project

10.3.1.2.3. By Sourcing

10.3.2. UAE Home Improvement Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product

10.3.2.2.2. By Project

10.3.2.2.3. By Sourcing

10.3.3. Egypt Home Improvement Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product

10.3.3.2.2. By Project

10.3.3.2.3. By Sourcing

10.3.4. South Africa Home Improvement Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Product

10.3.4.2.2. By Project

10.3.4.2.3. By Sourcing

11. South America Home Improvement Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product

11.2.2. By Project

11.2.3. By Sourcing

11.2.4. By Country

11.3. South America: Country Analysis

11.3.1. Brazil Home Improvement Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Product

11.3.1.2.2. By Project

11.3.1.2.3. By Sourcing

11.3.2. Argentina Home Improvement Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Product

11.3.2.2.2. By Project

11.3.2.2.3. By Sourcing

11.3.3. Chile Home Improvement Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Product

11.3.3.2.2. By Project

11.3.3.2.3. By Sourcing

12. Market Dynamics

12.1.Drivers

12.2.Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. The Home Depot U.S.A., Inc.

14.2. Lowe's Companies, Inc.

14.3. Groupe Adeo SA

14.4. Wesfarmers Limited (Bunnings Warehouse)

14.5. Kingfisher Plc

14.6. Menards, Inc.

14.7. Ace Hardware Corporation

14.8. OBI Group Holding SE & Co.KGaA

14.9. Hornbach Holding AG & Co. KGaA Group

14.10. 3M Company

15. Strategic Recommendations

Figures and Tables

Figure 1: Global Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 2: Global Population (Billion), 2015-2020

Figure 3: Global Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 4: Global Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 5: Global Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 6: Global Home Improvement Market Share, By Region, By Value, 2016-2026F

Figure 7: Global Home Improvement Market Share, By Company, By Value, 2020

Figure 8: Global Home Improvement Market Map, By Product, Market Size (USD Billion) & Growth Rate (%), 2020

Figure 9: Global Home Improvement Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2020

Figure 10: North America Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 11: North America Country-wise Population (Million), 2020

Figure 12: North America Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 13: North America Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 14: North America Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 15: North America Home Improvement Market Share, By Country, By Value, 2016-2026F

Figure 16: United States Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 17: United States GDP at Current Price (USD Billion), 2015-2020

Figure 18: United States Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 19: United States Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 20: United States Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 21: Canada Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 22: Canada GDP at Current Price (USD Billion), 2015-2020

Figure 23: Canada Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 24: Canada Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 25: Canada Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 26: Mexico Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 27: Mexico GDP at Current Price (USD Billion), 2015-2020

Figure 28: Mexico Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 29: Mexico Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 30: Mexico Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 31: Europe Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 32: Europe Country-wise Population (Million), 2020

Figure 33: Europe Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 34: Europe Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 35: Europe Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 36: Europe Home Improvement Market Share, By Country, By Value, 2016-2026F

Figure 37: Germany Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 38: Germany GDP at Current Price (USD Billion), 2015-2020

Figure 39: Germany Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 40: Germany Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 41: Germany Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 42: United Kingdom Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 43: United Kingdom GDP at Current Price (USD Billion), 2015-2020

Figure 44: United Kingdom Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 45: United Kingdom Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 46: United Kingdom Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 47: France Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 48: France GDP at Current Price (USD Billion), 2015-2020

Figure 49: France Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 50: France Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 51: France Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 52: Italy Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 53: Italy GDP at Current Price (USD Billion), 2015-2020

Figure 54: Italy Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 55: Italy Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 56: Italy Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 57: Spain Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 58: Spain GDP at Current Price (USD Billion), 2015-2020

Figure 59: Spain Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 60: Spain Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 61: Spain Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 62: Asia-Pacific Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 63: Asia-Pacific Country-wise Population (Million), 2020

Figure 64: Asia-Pacific Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 65: Asia-Pacific Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 66: Asia-Pacific Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 67: Asia-Pacific Home Improvement Market Share, By Country, By Value, 2016-2026F

Figure 68: China Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 69: China GDP at Current Price (USD Billion), 2015-2020

Figure 70: China Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 71: China Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 72: China Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 73: Japan Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 74: Japan GDP at Current Price (USD Billion), 2015-2020

Figure 75: Japan Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 76: Japan Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 77: Japan Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 78: South Korea Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 79: South Korea GDP at Current Price (USD Billion), 2015-2020

Figure 80: South Korea Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 81: South Korea Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 82: South Korea Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 83: Australia Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 84: Australia GDP at Current Price (USD Billion), 2015-2020

Figure 85: Australia Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 86: Australia Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 87: Australia Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 88: India Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 89: India GDP at Current Price (USD Billion), 2015-2020

Figure 90: India Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 91: India Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 92: India Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 93: Middle East & Africa Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 94: Middle East & Africa Country-wise Population (sMillion), 2020

Figure 95: Middle East & Africa Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 96: Middle East & Africa Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 97: Middle East & Africa Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 98: Middle East & Africa Home Improvement Market Share, By Country, By Value, 2016-2026F

Figure 99: Saudi Arabia Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 100: Saudi Arabia GDP at Current Price (USD Billion), 2015-2020

Figure 101: Saudi Arabia Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 102: Saudi Arabia Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 103: Saudi Arabia Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 104: UAE Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 105: UAE GDP at Current Price (USD Billion), 2015-2020

Figure 106: UAE Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 107: UAE Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 108: UAE Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 109: Egypt Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 110: Egypt GDP at Current Price (USD Billion), 2015-2020

Figure 111: Egypt Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 112: Egypt Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 113: Egypt Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 114: South Africa Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 115: South Africa GDP at Current Price (USD Billion), 2015-2020

Figure 116: South Africa Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 117: South Africa Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 118: South Africa Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 119: South America Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 120: South America Country-wise Population (Million), 2020

Figure 121: South America Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 122: South America Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 123: South America Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 124: South America Home Improvement Market Share, By Country, By Value, 2016-2026F

Figure 125: Brazil Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 126: Brazil GDP at Current Price (USD Billion), 2015-2020

Figure 127: Brazil Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 128: Brazil Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 129: Brazil Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 130: Argentina Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 131: Argentina GDP at Current Price (USD Billion), 2015-2020

Figure 132: Argentina Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 133: Argentina Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 134: Argentina Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Figure 135: Chile Home Improvement Market Size, By Value (USD Billion), 2016-2026F

Figure 136: Chile GDP at Current Price (USD Billion), 2015-2020

Figure 137: Chile Home Improvement Market Share, By Product, By Value, 2016-2026F

Figure 138: Chile Home Improvement Market Share, By Project, By Value, 2016-2026F

Figure 139: Chile Home Improvement Market Share, By Sourcing, By Value, 2016-2026F

Frequently asked questions

Which region has dominated the global home improvement market?

In terms of region, the global home improvement market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America. Among all, the North America region has dominated the global home improvement market with a market share of around 40% and will continue to dominate the market in the forecast period on account of rising population, growing preferences of consumers for luxurious and energy-efficient living spaces, rapid urbanization and increasing purchasing power of the consumers.

Which project segment is the fastest growing in the global home improvement market?

In terms of project, the market is segmented into DIFM and DIY. Among which, the DIY segment is the fastest growing segment in the global home improvement market with a CAGR of 5.79% on account of growing relevance of DIY products among consumers, as well as an expansion of product portfolio by the companies which can be easily put in place by customers in their homes. Consumers are shifting towards DIY as it is a cost-effective method than hiring a professional.

Who are the top 10 players in the global home improvement market?

The Home Depot U.S.A., Inc., Lowe's Companies, Inc., Groupe Adeo SA, Wesfarmers Limited (Bunnings Warehouse), Kingfisher Plc, Menards, Inc., Ace Hardware Corporation, OBI Group Holding SE & Co.KGaA, Hornbach Holding AG & Co. KGaA Group and 3M Company are among the top 10 players operating in the home improvement market globally.

What are the trends in the global home improvement market?

Technological advancements, growing marketing and distribution channels, innovative offerings to target customers, awareness pertaining to sustainability, are some of the market trends in the global home improvement market.

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Parvati Sharma

Account Manager BD

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Press Release

Home Improvement Market to Reach USD1928.42 Billion by 2026

Feb, 2022

Growing disposable income and increasing trend of house parties and home renovation to drive the demand for global home improvement market for the forecast period.

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