Remodeling in the US - Industry Market Research Report
Remodeling in the US
Remodelers renovate the interiors and exteriors of residential buildings. Industry activities include additions, alterations, reconstruction, maintenance and repair work. The Remodeling industry is inextricably tied to consumers' disposable income levels and propensity toward discretionary spending. A decline in consumer confidence amid uncertain economic conditions and rising mortgage rates has caused the industry to contract. Remodeling revenue has been declining at a CAGR of 0.5% to $110.8 billion over the past five years, including a projected skid of 3.4% in 2023 alone, as profit is expected to stabilize at 7.2%.
Operators in this industry remodel and renovate the interiors and exteriors of residential buildings (i.e. single-family homes and multifamily apartment building units). Remodeling includes additions, alterations, reconstruction, maintenance and repair work. This industry is composed of general contractors, operative remodelers, remodeling design-build companies and remodeling project construction management companies. This industry does not include commercial remodeling.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance