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.
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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.
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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.
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