Global Home Improvement Market is valued at USD 887.53 Billion in 2020 and expected to reach USD 1207.80 Billion by 2027 with the CAGR of 4.50% over the forecast period.
The Global Home Improvement Market Research Forecast 2021 – 2026 provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of the global industry. It provides an in-depth study of the Home Improvement market by using SWOT analysis. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report
Scope of Global Home Improvement Market Report-
The home improvement referred as the process of renovating or making additions to one’s home. It is also known as remodeling or renovation. It can consist of activities which upgrade existing home interior, exterior or other improvements to the property. This is because home improvement is also a great opportunity to improve the comfort, safety and energy performance of house or apartment by adding or raise insulation. While home improvement often refers to building projects that change the structure of an existing home, it can also include improvements to lawns, gardens and outdoor structures, such as gazebos and garages. It also includes maintenance, repair, and general servicing tasks. Global home improvement industry is expected to show a significant growth in the coming few years. According to the Joint Center for Housing Studies of Harvard University; Boomers are expected to account for 56% of all residential remodeling spending by 2025, up from 31% in 2005. That gives remodelers plenty of opportunity to address the growing need for aging-in-place renovations.
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The report enhances the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage.
Demand Side and Supply Side Perspective and analysis
Company/Players/Manufacturers/Vendors/Service Providers Market Share
Competitive Landscape, Competition Matrix, and Player Positioning Analysis
Market Dynamics, Trends, Factors affecting market growth during upcoming year
Key Buyers and End-User Analysis
Value Chain & Supply Chain Analysis including Distribution and Sales Channels as well as Forward and Backward Integration scenarios
Manufacturing Cost Structure Analysis
Key Raw Materials Analysis
Key Pricing Strategies adopted in the market
Key Marketing Strategies adopted in the market
Porters Five Forces Analysis
Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Post-Consumer Home Improvement Market.
Key Benefits for Home Improvement Market Reports
The analysis provides an exhaustive investigation of the global Post-Consumer Home Improvement market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer Home Improvement market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer Home Improvement market. This is done with an aim of helping companies in
Final Report will add the analysis of the impact of COVID-19 on this industry.
Key players profiled in the report includes
Home Depot , Lowe’s, Inside Tweedy and Popp Hardware, Ace Hardware, Rona, Canadian Tire, Homebase, Wickes, Bauhaus, Bricostore, Praxis, Alibaba, Ebay, Amazon, Bunnings Warehouse and others.
By Type: Door Hardware, Building Materials, Kitchen And Toilet Product, Others
By Application: Online Marketing, Offline Marketing
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Lowe’s Commits To Keeping Home Improvement Pros Working
June 1st, 2020; In an effort to help keep Pros working, Lowe’s unveils the first step in its previously announced USD 25 million commitment to support small businesses with the launch of Lowe’s for Pros JobSIGHT powered by Streem, an augmented video chat service that allows Pros to conduct virtual home visits with customers. With more people staying at home, the need to keep homes running safely has never been more important. This new offering allows Pros the ability to interact with homeowners and clients without entering their homes, which expands their work opportunities.
Rapid Urbanization Accompanied by Increasing Disposable Income in Developing Economies is one of the Major Factors Driving the Growth of Global Home Improvement Industry.
Rapid urbanization accompanied by increasing disposable income in developing economies is propelling the growth of global home improvement market. Increase in socialization including house parties and family gatherings are also supporting the demand for home improvement services. The industry observes increasing design & product innovations with multiple colors & finishing options to cater the growing home improvement demand. According to Home Renovation Statistics and Trends, the average spend of USD 15, 000 was on all kinds of home improvements including decorating, renovating and repairing. Of the three activities, the most popular is decorating at 65% followed by renovations at 58% and lastly repairs at 52%. This growing urbanization has meant that cities have become the principal drivers of economic growth in the United States. According to World in data, United Nation estimates that 54 percent of people in the world lived in urban areas in 2016. Using UN Urbanization Prospects projections, in 2018 this is estimated to be just over 55 percent of the world. By 2050 more than two-thirds of the world’s population is projected to be living in urban areas, according to United Nations Development Programme. In order to accommodate this rapid expansion in urban house, experts estimate that USD 57 trillion in global infrastructure investment is required by 2030 alone. More than 1 billion people live in housing that is below minimum standards of comfort and sanitation and new houses will have to be built for 3 billion people by 2030.
Increasing patch management solutions vulnerabilities is driving the growth of the market
Rising need of up to date software will propel the market growth
Growing third party application deployment is a driver for the market
Government regulations for promoting patch management may boost the growth of the market
Low vulnerability priority reduction is restraining the growth of the market
Lack of awareness for cyber security will hamper the market growth
Patch testing and compatibility issues may also restrict the growth of the market
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There are 15 Chapters to display the Global Home Improvement market.
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Global Home Improvement market, Applications, Market Segment by Types
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Home Improvement Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation[North America (Covered in Chapter 6 and 13), United States, Canada, Mexico, Europe (Covered in Chapter 7 and 13), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 8 and 13), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 9 and 13), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 10 and 13), Brazil, Argentina, Columbia, Chile & Others ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Global Home Improvement Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels
Chapter 13 and 14, about vendor landscape (classification and Market Ranking)
Chapter 15, deals with Global Home Improvement Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia or Oceania [Australia and New Zealand].