Home Remodeling

Global Home Remodeling Market to Reach US$30.5 Billion by 2030

The global market for Home Remodeling estimated at US$25.8 Billion in the year 2024, is expected to reach US$30.5 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2024-2030. DIY Project, one of the segments analyzed in the report, is expected to record a 2.2% CAGR and reach US$20.6 Billion by the end of the analysis period. Growth in the Professional Project segment is estimated at 4.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.0 Billion While China is Forecast to Grow at 5.3% CAGR

The Home Remodeling market in the U.S. is estimated at US$7.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2030 trailing a CAGR of 5.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 2.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global Home Remodeling Market - Key Trends & Drivers Summarized

Why Is Residential Remodeling Becoming More Widespread Among Homeowners?

Home remodeling is witnessing rising popularity across diverse housing segments, driven by changing lifestyle preferences, property value enhancement goals, and the need for functional upgrades. Many homeowners are choosing to renovate rather than relocate, especially in urban areas where real estate prices and relocation costs remain high. Remodeling is increasingly being viewed as a strategic investment that improves living comfort while enhancing resale potential. Functional enhancements such as expanded kitchens, additional bathrooms, and improved insulation are among the most common priorities.

The impact of remote work and hybrid living models is reshaping the way interiors are designed. Homeowners are converting underused spaces into workstations, hobby zones, and study rooms. There is growing demand for customized layouts that offer better space utilization, noise control, and lighting. These functional adaptations are influencing structural redesigns, particularly in older homes that were not built with modern multipurpose living needs in mind. The remodeling trend is extending beyond primary residences to include rental properties, vacation homes, and inherited family homes.

How Are Aesthetic Trends and Sustainability Goals Influencing Renovation Choices?

Aesthetic preferences continue to influence remodeling decisions, with contemporary design trends driving choices in flooring, wall finishes, lighting, and furniture integration. Minimalist interiors with neutral tones, natural textures, and open layouts are preferred by younger homeowners, while mid-century and rustic styles remain popular in suburban remodels. Homeowners are placing greater emphasis on cohesion between architectural elements and interior décor, resulting in demand for professionally curated renovation solutions that balance style with durability.

Sustainability considerations are increasingly shaping renovation strategies. Energy-efficient windows, smart lighting systems, solar panel integration, and water-saving fixtures are being included in both minor upgrades and large-scale remodels. Use of reclaimed wood, low-VOC paints, and recycled flooring materials is gaining traction among environmentally conscious homeowners. Green certification standards and government incentives for eco-friendly retrofits are influencing remodeling budgets and timelines. These trends are encouraging a long-term value mindset, where homeowners prioritize performance and efficiency alongside visual improvements.

What Role Does Technology Play in Modernizing the Remodeling Process?

Technology is transforming how remodeling projects are planned, executed, and managed. Virtual design tools, 3D visualization software, and augmented reality applications are allowing homeowners to preview changes before construction begins. These tools improve decision-making and reduce design errors. Digital platforms also enable remote consultations with architects, contractors, and interior designers, helping streamline workflows and reduce project delays. Project management apps are being used to track budgets, materials, and contractor schedules in real time.

Smart home integration is becoming a central feature of many remodels. Homeowners are installing centralized control systems for lighting, security, HVAC, and entertainment. Retrofitting older homes with smart devices is no longer limited to luxury projects. Affordable options are now available that integrate seamlessly into upgraded wiring and appliance setups. Prefabricated modules and panel systems are being used to speed up installations in kitchens and bathrooms, while noise-reducing materials and moisture-resistant finishes improve functionality in multi-use spaces. These innovations are making remodeling projects more accessible and efficient for a wider range of property types.

What Are the Main Drivers Supporting Market Growth in Home Remodeling?

Growth in the home remodeling market is driven by several factors including rising property age in developed regions, increased spending on home improvement, and evolving lifestyle patterns. As a large portion of housing stock in North America and Europe exceeds 30 years in age, structural repairs and modern upgrades become essential. Homeowners are allocating higher portions of disposable income to renovate kitchens, bathrooms, and external facades to ensure safety, functionality, and appeal. Financial products such as home equity loans and remodeling grants are further supporting these investments.

Technology adoption is enhancing renovation quality and speed, encouraging more homeowners to undertake large-scale upgrades. End-use demand from rental property owners, co-living spaces, and short-term stay operators is also contributing to remodeling activities, particularly in competitive urban markets. Growth is supported by increased homeownership in emerging economies, where middle-class consumers are upgrading interiors to reflect modern standards and comfort expectations. Expanding online platforms for design planning, contractor discovery, and material sourcing are making home remodeling more accessible, organized, and cost-efficient across segments.

SCOPE OF STUDY:

The report analyzes the Home Remodeling market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Project Type (DIY Project, Professional Project); Distribution Channel (Online Distribution Channel, Offline Distribution Channel); Application (Windows & Doors Application, Kitchen & Bathroom Application, Floor & Roof Application, Walls Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 48 Featured) -

• ABC Supply Co., Inc.
• Andersen Corporation
• AZEK Building Products Inc.
• Beacon Roofing Supply, Inc.
• Builders FirstSource, Inc.
• CRH plc
• Ferguson Enterprises LLC
• Harvey Building Products
• Home Depot, Inc.
• James Hardie Industries plc
• JELD-WEN Holding, Inc.
• Kohler Co.
• Lowe’s Companies, Inc.
• Masco Corporation
• MasterBrand Cabinets, Inc.
• Owens Corning
• Pella Corporation
• Power Home Remodeling Group
• Saint-Gobain S.A.
• The Sherwin-Williams Company
• Velux Group

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