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U.S. Home Remodeling Market Analysis

Report ID: GMI4459
Published Date: Jun 2024
Report Format: PDF

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U.S. Home Remodeling Market Analysis

U.S. Home Remodeling Market Size, By Project, 2021 - 2032 (USD Million)

Based on project, the U DIY projects are expected to register growth rate of over of 4.9% from 2024 to 2032. DIY projects enable individuals and homeowners to complete various tasks by themselves by using a variety of tools, equipment, and appliances, and is also cost effective. These can be leveraged by price-conscious customers looking for budget-friendly yet aesthetic appealing home space. These projects exclusively focus on end consumers, excluding any third-party members.

U.S. Home Remodeling Market Revenue Share, By Wholesale, (2023)

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Based on wholesale, the residential trade segment dominated the 39.3% of the market share in 2023 and is expected to grow at a CAGR of 4.6% through 2032.

U.S. Home Remodeling Market Size, 2021 - 2032 (USD Billion)

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California accounted for about 11% share of the U.S. home remodeling market in 2023. The state's rising building and property rates have spurred demand for residential remodeling and renovation as a less expensive option to purchasing a new home. Furthermore, California is one of the major states in the US economy in terms of GDP, construction activity, and per capita income, which is driving demand for residential renovation in California.

U.S. Home Remodeling Market Share

U.S. Home Remodeling Market Market Share Analysis, 2023

The U.S. Home Remodeling industry is moderately fragmented in nature due to the presence of local and global players across the globe. In 2023, the market players, such as Ferguson Enterprises, ABC Supply, Beacon Roofing Supply, HD Supply, US LBM, Watsco Inc., and others, collectively held around 15%-20% market share.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of U.S. home remodeling was reached USD 432 billion in 2023 and is expected to register 4.8% CAGR from 2024 to 2032, owing to increasing disposable incomes of homeowners and changing preferences, leading to a rise in demand for attractive housing interiors and exteriors in the country.

U.S. home remodeling industry from the DIY projects segment is expected to register 4.9% CAGR from 2024 to 2032, due to enabling individuals and homeowners to complete various tasks by themselves.

California home remodeling industry captured 11% revenue share in 2023 due to rising building and property rates, spurring demand for residential remodeling and renovation as a less expensive option to purchasing a new home in the state.

ABC Supply, Harvey Building Products, JELD-WEN, Kohler Co., LU Kitchen & Bath, Masco Corporation, National Wholesale Supply, Pella Corporation, Robert Bowden, Inc., The Home Depot, and The Sherwin-Williams Company, are some of the major home remodeling companies in the U.S.