Global Residential Remodelers Market

Residential Remodelers Market Overview: Market Size, Major Drivers And Trends

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and
forecasted to 2033

Overview of Market Growth:

  • The residential remodelers market has seen consistent growth, expanding from $825.71 billion in 2023 to $845.03 billion in 2024.
  • This growth is projected to continue, reaching $926.83 billion by 2028, with a compound annual growth rate (CAGR) of 2.3%.

Factors Driving Growth:

  • Economic conditions and home equity
  • Changing lifestyle trends
  • Aging housing stock
  • Real estate market dynamics
  • Homeownership rates

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Technological Advancements Drive Innovation In The Residential Remodeler Market

Adoption of Technology:

  • Companies are integrating technological advancements to innovate and enhance their services.
  • Example: Eyrus Inc. introduced Eyrus Evolved, offering real-time workforce data and analytics for better decision-making.

Impact of IoT:

  • Construction IoT technology is automating operations, reducing administrative overhead by 25%.

Corporate Contractors Inc. Expands Capabilities With Acquisition Of Lowell Custom Homes

Strategic Acquisition:

  • Corporate Contractors Inc. acquired Lowell Custom Homes, enhancing its construction capabilities.
  • This acquisition enables the provision of custom luxury home services alongside commercial and industrial construction.

Focus on Craftsmanship:

  • Lowell Custom Homes specializes in creating high-quality, custom-designed houses and renovations.

Market Segmentation

By Project:

  • DIY (Do It Yourself)
  • Professional

By Distribution Channel:

  • Online
  • Offline

By Application:

  • Flooring
  • Walls
  • Ceilings
  • Porches
  • Gardens
  • Garages
  • System And Equipment
  • Disaster Repair
  • Other Applications

Regional Analysis

North America Dominates:

  • North America held the largest share of the residential remodelers market in 2023.

In summary, the residential remodelers market is witnessing significant growth, driven by various factors such as technological advancements, strategic acquisitions, and regional dominance. With the construction sector expanding and a focus on innovation, the market is poised for further development in the coming years.

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The Residential Remodelers Global Market Report 2024  provides an overview of the residential remodelers market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The residential remodelers market forecast analyzes residential remodelers market size, residential remodelers market share, leading competitor and their market positions.

The Table Of Content For The Residential Remodelers Market Include:

1. Residential Remodelers Market Executive Summary
2. Residential Remodelers Market Segments
3. Residential Remodelers Market Size And Residential Remodelers Market Growth Rate
4. Key Residential Remodelers Market Trends
5. Major Residential Remodelers Market Drivers
25. Key Mergers And Acquisitions In The Residential Remodelers Market
26. Top Residential Remodelers Companies
27. Residential Remodelers Market Opportunities And Strategies
28. Residential Remodelers Market, Conclusions And Recommendations
29. Appendix

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