U.S. Home Remodeling Market Recent Trends,Market Growth,Top Manufacturers Analysis,Business Opportunities and Demand
Category: #business  By Rahul Varpe  Date: 2022-07-22
  • share
  • Twitter
  • Facebook
  • LinkedIn
U.S. Home Remodeling Market Recent Trends,Market Growth,Top Manufacturers Analysis,Business Opportunities and Demand

The U.S. home remodeling market is projected to witness substantial growth by 2027 owing to mounting demand for renovation activities by homeowners.

The work-from-home norm, which is a result of the ongoing COVID-19 outbreak, has prompted homeowners to revamp their workstations in order to accommodate proper lighting and ergonomic furniture for improved efficiency. Moreover, surging demand for touchless faucets and bidets in view of growing emphasis on hygiene and sustainability has driven market adoption in recent years.

Furthermore, major industry participants are implementing strategic initiatives to gain a competitive edge in the rapidly evolving global market, which has positively impacted the overall business dynamics. For instance, in November 2020, Ferguson plc, a leading distributor of HVAC equipment, plumbing supplies, and fabrication products, among others, announced the acquisition of Atlantic Construction Fabrics, Inc., a geotextile enterprise, and Old Dominion, Inc., a major wholesale supplier of HVAC parts. The acquisition enabled Ferguson to diversify and expand its market reach across the U.S.

The U.S. home remodeling market has been segmented based on distribution, project, wholesale, and end-use. In terms of project, the market has further been divided into DIFM and DIY. The DIY sub-segment is anticipated to attain a significant market share of more than 37.59% by 2027. DIY projects allow consumers the creative liberty to develop attractive improvement projects by themselves without any professional help, which is set to contribute to segmental growth over the following years.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/4459

In terms of distribution, the market has been categorized into direct selling to consumer, direct selling through online, wholesalers selling online, wholesale to retailer, and wholesale to consumer. The direct selling to consumer sub-segment is slated to amass considerable gains by 2027, progressing at over 3.3% CAGR through the estimated timeline.

From the wholesale perspective, the market has been segregated into residential showroom, residential trade, and B2C. The U.S. home remodeling market from the residential trade sub-segment is projected to expand at a CAGR of about 3.9% over the assessment period to reach a sizable revenue by the end of 2027.

With respect to end-use, the market has been bifurcated into landscaping, roofing, HVAC, windows & doors, electrical construction, kitchen additions & improvements, flooring, bathroom additions & improvements, pools/hot tubs, and other room additions & alterations. The windows & doors sub-segment is anticipated to exhibit robust growth at a CAGR of approximately 4% over the study period due to increasing home improvement activities to control the indoor heat environment.

Make Inquiry about this report @ https://www.decresearch.com/inquiry-before-buying/4459

The roofing sub-segment held a notable revenue share of above 14.91% in 2020 and is predicted to showcase steady growth over 2021-2027. Meanwhile, the electrical construction sub-segment is speculated to reach a substantial valuation of around USD 18.23 billion by the end of 2027. Rising trends of installing technology-enabled, energy-efficient, and decorative lights is likely to boost segmental expansion in the coming years.

Table Of Content

Chapter 1   Methodology and Scope

1.1    Market definitions

1.2    Base estimations & workings

1.1.1    U.S.

1.3    Forecast calculations

1.3.1    COVID-19 impact calculations on industry forecast

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    U.S. home improvement market 3600 synopsis, 2017 – 2027

2.1.1    Business trends

2.1.2    Project trends

2.1.3    Distribution channel trends

2.1.4    Wholesale trends

2.1.5    Application trends

2.1.6    TOP 5 player for each wholesaler segments in U.S.

Browse more reports -

Aerogel Insulation Market - https://www.marketwatch.com/press-release/aerogel-insulation-market-share-forecasts-regional-trends-growth-drivers-2022-07-21

Concrete Densification & Polishing Material Market - https://www.marketwatch.com/press-release/concrete-densification-polishing-material-market-outlook-2019---growth-drivers-opportunities-and-forecast-analysis-to-2025-2022-07-21

Polymeric Sand Market - https://www.marketwatch.com/press-release/polymeric-sand-market-latest-trends-development-growth-analysis-and-forecast-by-2025-2022-07-21

Smoke Pressure System Market - https://www.marketwatch.com/press-release/smoke-pressure-system-market-research-report-analysis-by-competition-sales-revenue-market-size-2022-07-21

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
By Rahul Varpe

The construction site preparation equipment market is expected to grow substantially by 2028 on account of rising number of public infrastructure development projects worldwide. In addition, increasing investments towards R&D activities from manu...

Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
By Rahul Varpe

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw ...

Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
By Rahul Varpe

The stand tile saw market is poised to expand substantially by 2028 on account of burgeoning number of construction activities around the globe. In addition, rapid urbanization and rising consumer spending across key regions are likely to further pro...