The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The expansion of the construction industry is likely to drive innovation in house remodelling manufacturing, propelling the market during the forecast period.

The global home remodeling market is expected to grow from $881.15 billion in 2022 to $925.00 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The global home remodeling market size is expected to reach $1,105.48 billion in 2027 at a CAGR of 4.6%.

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Global Home Remodeling Market Segments Include:

• By Type: Do-It-Yourself (DIY), Do-It-For-Me (DIFM)
• By Distribution Channel: Online, Offline
• By Application: Windows And Doors, Kitchen And Bathroom, Floor And Roof, Walls, Other Applications
• By End-Use: Residential, Commercial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global home remodeling market in 2021.

Major Market Players in the home remodeling market include Andersen Corporation, JELD-WEN Holdings Inc., Kohler Co., Pella Corporation, The Home Depot, Dow Inc., Kajaria Ceramics Limited, Lurton Electronics, Mohawk Industries Inc.

Technological developments are a major trend that is gaining traction in the house remodelling sector. Companies in the home remodelling sector are embracing new technology in order to maintain their market position. For example, as part of smart home innovation, Lennox International Inc., a US-based provider of climate control solutions, unveiled the Lennox S40 Smart Thermostat, as well as the Lennox Smart Air Quality Monitor and the Lennox Smart Room Sensor, in January 2023. The Lennox S40 Smart Thermostat is in charge of a one-of-a-kind, completely communicative system that works together to keep tuned and give consistently ideal, healthy air. The S40 Smart Thermostat and linked devices work as efficiently as possible thanks to Schedule IQ Technology, Smart Away geo-fencing capabilities, and one-touch Away Mode. This includes preserving comfort when the home is occupied and conserving energy when it is not. The S40 Smart Thermostat monitors sensors throughout the home while providing a seamless user experience that is enhanced by a number of automation capabilities.

The Home Remodeling Global Market Report 2023  provides a home remodeling market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The home remodeling market forecast analyzes home remodeling market size, home remodeling market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The process of improving or modifying an existing residential structure that is in disrepair, outmoded, or no longer serves the demands of the homeowner is known as home remodelling. It entails making something fresh.

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