Remodeling Market Forecast Highlights Growth Outlook and CAGR Trends Over 2025–2029
| Grab 20% Off With Code ONLINE20 On Global market Reports – Evaluate Global Trends, Market Risks, and Competitive Intelligence How Does the Market Size of the Recycled Asphalt Market in 2029 Compare With That of 2025? The remodeling market size has grown steadily in recent years. It will grow from $934.01 billion in 2024 to $973.37 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to aging housing stock, rising homeownership rates, energy efficiency awareness, increasing disposable income, and growing urbanization. The remodeling market size is expected to see steady growth in the next few years. It will grow to $1182.77 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to a growing sustainability focus, smart home adoption, supportive government policies, rising renovation loans, and aging population needs. Major trends in the forecast period include increasing use of sustainable materials, integration of smart home technology, growing demand for energy-efficient homes, rise in DIY remodeling projects, and advancements in 3D printing for construction. Get your free report sample today: https://www.thebusinessresearchcompany.com/sample.aspx?id=23830&type=smp Which Market Forces Are Stimulating Growth in the Remodeling Market? The rising popularity of do-it-yourself projects is expected to propel the growth of the remodeling market going forward. Do-it-yourself (DIY) projects are tasks or creations completed by individuals without professional help, often using available materials and tools, which include home repairs, crafts, furniture building, or artistic activities. The rise in DIY projects is fueled by the growing demand for affordable, personalized solutions and easy access to online guides and tutorials. Remodeling supports do-it-yourself projects by providing opportunities to repurpose materials and experiment with new skills in real settings and encourages long-term involvement through ongoing maintenance and upgrades. For instance, in November 2024, according to Frontdoor, a US-based appliance repair and maintenance company, 74% of Americans plan to begin another DIY project in 2025, an increase of 12% compared to 2024. Therefore, the rising popularity of do-it-yourself projects is driving the growth of the remodeling market. What Are the Emerging Segments Driving Growth in the Remodeling Market? The remodeling market covered in this report is segmented – 1) By Type: Interior Remodeling, Exterior Remodeling, Structural Remodeling 2) By Project Types: Do It Yourself, Professional 3) By Distribution Channel: Direct Selling Online, Direct Selling To The Consumer, Wholesale To Retailer, Wholesale To Consumer, Wholesalers Selling Online 4) By End-Use: Residential, Commercial, Industrial Subsegments: 1) By Interior Remodeling: Kitchen Remodeling, Bathroom Remodeling, Basement Remodeling, Attic Conversion, Flooring Replacement, Interior Painting, Cabinet And Countertop Installation 2) By Exterior Remodeling: Roof Replacement Or Repair, Siding Replacement, Window And Door Replacement, Exterior Painting, Porch And Deck Renovation, Gutter Installation, Landscaping And Hardscaping 3) By Structural Remodeling: Foundation Repair, Load-Bearing Wall Removal, Room Additions, Garage Conversion, Staircase Renovation, Structural Beam Reinforcement, Crawl Space Encapsulation What Are the Current Trends Influencing the Remodeling Market? Major companies operating in the remodeling market are focusing on developing advanced solutions such as three-dimensional (3D) bathroom design technology to improve design accuracy and streamline the remodeling process. 3D bathroom design technology is a digital tool that enables users to plan and visualize bathroom layouts in a realistic, interactive virtual space. It allows homeowners, designers, and contractors to experiment with various designs and materials before construction, ensuring accuracy and informed decision-making. For instance, in February 2025, West Shore Home, a US-based technology-enabled home remodeling services provider, launched Evoke, an advanced 3D bathroom design technology. It is revolutionizing the home remodeling experience by allowing homeowners to visualize and customize their bathroom designs in real time through an intuitive web-based platform. This advanced tool enhances customer satisfaction by enabling experimentation with various design elements and direct collaboration with design consultants, eliminating guesswork and streamlining the remodeling process. Which Companies Are Expanding Their Presence in the Remodeling Market? Major companies operating in the remodeling market are The Home Depot Inc., Lowe's Companies Inc., Kohler Co., VELUX A/S, Mr. Handyman International LLC, Livspace, Statewide Remodeling Inc., Tundraland, Neil Kelly Inc., Granite Transformations LLC, Sun Design Remodeling Specialists Inc., Decormyplace, Krafted Homes Inc., TLC Remodeling, Dreamstyle Remodeling LLC, Rennovate, Indecor.Co, CivilLane, Apex Remodeling & Design, Paam Construction Get the detailed remodeling market report today https://www.thebusinessresearchcompany.com/report/remodeling-global-market-report Which Regional Markets Offer the Most Promising Growth Opportunities for the Remodeling Market? Europe was the largest region in the remodeling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the remodeling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Contact Us: The Business Research Company https://thebusinessresearchcompany.com/ Americas +1 310-496-7795 Asia +44 7882 955267 & +91 8897263534 Europe +44 7882 955267 Email: info@tbrc.info Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company |
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