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Remodeling Market Share
The remodeling industry is fragmented, with several regional companies operating on a global scale. In 2023, Masco Corporation, Lowe's Companies, Inc., The Home Depot, Inc., Andersen Corporation, and Saint-Gobain S.A. led the market. These corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions to expand their customer base, broaden their product portfolio, and establish a stronger foothold in the market. They also leverage their vast distribution networks and resources to explore new markets.
Remodeling Market Companies
Major players operating in the remodeling industry are:
- Andersen Corporation
- CertainTeed Corporation
- CRH plc
- Fletcher Building Limited
- James Hardie Industries
- Jeld-Wen Holding, Inc.
- Kohler Co.
- Lowe's Companies, Inc.
- Masco Corporation
- MasterBrand Cabinets, Inc.
- Owens Corning
- Pella Corporation
- Saint-Gobain S.A.
- The Home Depot, Inc.
- Velux Group
Why is the demand for remodeling rising in the residential sector?
The residential end-use segment in the remodeling industry is projected to hold 73% remodeling market share in 2023, owing to the growing need to make homes safer and more accessible for the seniors.
What factors are driving growth in the remodeling industry in North America?
North America remodeling industry amassed 37% revenue share in 2023, on account of the growing need to preserve and increase the value of homes in the U.S. as the median age of these structures is more than forty years.
How big is the remodeling market?
Remodeling industry size was worth USD 4 trillion in 2023 and is projected to expand at 4.2% CAGR from 2024 to 2032, led by the rising need for renovation services to modernize infrastructure.
Why is the appeal for interior remodeling higher?
The interior remodeling type segment in the remodeling industry accounted for USD 2.1 trillion in 2023 due to the growing desire for flexible and open living areas.