DUBLIN–(BUSINESS WIRE)–The “Global Home Improvement Market, By Product (Building and Remodeling, Home Decor, Tools and Hardware and Outdoor Living), By Project (DIFM and DIY), By Sourcing and By Region, Competition Forecast and Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offering.
The Global Home Improvement Market was valued at USD 1,415.98 billion in 2021 and is expected to grow at a CAGR of 5.23% in the forecast period, 2022-2026. Increasing demand for customized interior designing by consumers, rapid urbanization, and the surge in popularity of the D-I-Y (Do it Yourself) concept are the primary factors driving the demand of the Global Home Improvement Market in the next five years.
The increase in demand for products providing enhanced comfort and convenience due to a shift in consumer preference for better home amenities influences the market demand. The rise in the number of market players introducing advanced home technology and safety products and growing investments in research and development activities to find innovative offerings is expected to create lucrative opportunities for the market growth.
High internet penetration in developing countries and rapid adoption of online sales channels by the market players are expanding the consumers base and brand’s visibility to every corner of the world. Also, the availability of D-I-Y (Do it Yourself) products in the market to allow consumers to personalize the home improvement and remodeling based on their requirements is expected to bolster the Global Home Improvement Market growth in the next five years.
The Global Home Improvement Market is segmented into product, project, sourcing, region, and company. Based on product, the market is divided into building and remodeling, home decor, tools and hardware, and outdoor living. Building and remodeling dominated the market in 2021 by holding a market share of 39.62% and is expected to maintain its dominance throughout the forecast period. The surge in expenditure capacity of consumers and growing awareness about the benefits of upgrading the kitchen, bathroom, and other essential utilities are the major factors that are expected to influence the demand for home improvement products for building and remodeling.
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 the major market players operating in the Global Home Improvement Market.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study
- To analyze the historical growth in the market size of the Global Home Improvement Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Home Improvement Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Home Improvement Market based on product, project, sourcing, region, and company.
- To identify the dominant region or segment in the Global Home Improvement Market.
- To identify drivers and challenges for the Global Home Improvement Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Home Improvement Market.
- To identify and analyze the profiles of leading players operating in the Global Home Improvement Market.
- To identify key sustainable strategies adopted by the market players in the Global Home Improvement Market.
Key Topics Covered
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 Decor, 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
8. Europe Home Improvement Market Outlook
9. Asia-Pacific Home Improvement Market Outlook
10. Middle East & Africa Home Improvement Market Outlook
11. South America Home Improvement Market Outlook
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
For more information about this report visit https://www.researchandmarkets.com/r/kltoet