Global Home Improvement Market, By Product (Building and Remodeling, Home Décor, Tools and Hardware and Outdoor Living), By Project (DIFM and DIY), By Sourcing (Homeware Stores, Franchised Stores, Specialty Stores, Online Sales Channel and Others {Direct

Global Home Improvement Market, By Product (Building and Remodeling, Home Décor, Tools and Hardware and Outdoor Living), By Project (DIFM and DIY), By Sourcing (Homeware Stores, Franchised Stores, Specialty Stores, Online Sales Channel and Others {Direct Sellers, General Merchandised Retailers, etc.}) and By Region, Competition Forecast and Opportunities, 2026

The global home improvement market was valued at USD1415.98 billion in 2021 and is expected to grow at a CAGR of 5.23% in the forecast period, 2022-2026. Increasing demand for customized interior designing by consumers, rapid urbanization, and the surge in popularity of the D-I-Y (Do it Yourself) concept are the primary factors driving the demand of the global home improvement market in the next five years.

The increase in demand for products providing enhanced comfort and convenience due to a shift in consumer preference for better home amenities influences the market demand. The rise in the number of market players introducing advanced home technology and safety products and growing investments in research and development activities to find innovative offerings is expected to create lucrative opportunities for market growth.

High internet penetration in developing countries and rapid adoption of online sales channels by the market players are expanding the consumers base and brand's visibility to every corner of the world. Also, the availability of D-I-Y (Do it Yourself) products in the market to allow consumers to personalize the home improvement and remodeling based on their requirements is expected to bolster the global home improvement market growth in the next five years.

The global home improvement market is segmented into product, project, sourcing, region, and company. Based on product, the market is divided into building and remodeling, home décor, tools and hardware, and outdoor living. Building and remodeling dominated the market in 2021 by holding a market share of 39.62% and is expected to maintain its dominance throughout the forecast period. The surge in expenditure capacity of consumers and growing awareness about the benefits of upgrading the kitchen, bathroom, and other essential utilities are the major factors that are expected to influence the demand for home improvement products for building and remodeling.

The Home Depot U.S.A., Inc., Lowe's Companies, Inc., Groupe Adeo SA, Wesfarmers Limited (Bunnings Warehouse), Kingfisher Plc, Menards, Inc., Ace Hardware Corporation, OBI Group Holding SE & Co.KGaA, Hornbach Holding AG & Co. KGaA Group, and 3M Company are the major market players operating in the global home improvement market.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

  • To analyze the historical growth in the market size of the global home improvement market from 2016 to 2020.
  • To estimate and forecast the market size of global home improvement market from 2021 to 2026 and growth rate until 2026.
  • To classify and forecast the global home improvement market based on product, project, sourcing, region, and company.
  • To identify the dominant region or segment in the global home improvement market.
  • To identify drivers and challenges for the global home improvement market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global home improvement market.
  • To identify and analyze the profiles of leading players operating in the global home improvement market.
  • To identify key sustainable strategies adopted by market players in the global home improvement market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of the global home improvement market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:
  • Home Improvement products manufacturers, distributors, and end-users
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policymakers
  • Organizations, forums, and alliances related to home improvement market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global home improvement market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Global Home Improvement Market, By Product:
  • Building and Remodeling
  • Home Décor
  • Tools and Hardware
  • Outdoor Living
  • Global Home Improvement Market, By Project:
  • DIFM
  • DIY
  • Global Home Improvement Market, By Region:
  • North America
United States

Canada

Mexico
  • Europe
Germany

United Kingdom

France

Italy

Spain
  • Asia-Pacific
China

Japan

South Korea

Australia

India
  • Middle East & Africa
Saudi Arabia

UAE

Egypt

South Africa
  • South America
Brazil

Argentina

Chile

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global home improvement market.

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Home Improvement Market
4. Executive Summary
5. Voice of Customer
5.1. Factors Affecting Purchase Decision
5.2. Challenges Faced
5.3. Service Satisfaction Level
5.4. Sources of Information
6. Global Home Improvement Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product (Building and Remodeling, Home Décor, Tools and Hardware and Outdoor Living)
6.2.2. By Project (DIFM & DIY)
6.2.3. By Sourcing (Homeware Stores, Franchised Stores, Specialty Stores, Online Sales Channel and Others {Direct Sellers, General Merchandised Retailers, etc.}))
6.2.4. By Region
6.2.5. By Company (2020)
6.3. Market Map (By Product, By Region)
7. North America Home Improvement Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product
7.2.2. By Project
7.2.3. By Sourcing
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Home Improvement Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product
7.3.1.2.2. By Project
7.3.1.2.3. By Sourcing
7.3.2. Canada Home Improvement Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product
7.3.2.2.2. By Project
7.3.2.2.3. By Sourcing
7.3.3. Mexico Home Improvement Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product
7.3.3.2.2. By Project
7.3.3.2.3. By Sourcing
8. Europe Home Improvement Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product
8.2.2. By Project
8.2.3. By Sourcing
8.2.4. By Country
8.3. Europe: Country Analysis
8.3.1. Germany Home Improvement Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product
8.3.1.2.2. By Project
8.3.1.2.3. By Sourcing
8.3.2. United Kingdom Home Improvement Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product
8.3.2.2.2. By Project
8.3.2.2.3. By Sourcing
8.3.3. France Home Improvement Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product
8.3.3.2.2. By Project
8.3.3.2.3. By Sourcing
8.3.4. Italy Home Improvement Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product
8.3.4.2.2. By Project
8.3.4.2.3. By Sourcing
8.3.5. Spain Home Improvement Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Product
8.3.5.2.2. By Project
8.3.5.2.3. By Sourcing
9. Asia-Pacific Home Improvement Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product
9.2.2. By Project
9.2.3. By Sourcing
9.2.4. By Country
9.3. Asia-Pacific: Country Analysis
9.3.1. China Home Improvement Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product
9.3.1.2.2. By Project
9.3.1.2.3. By Sourcing
9.3.2. Japan Home Improvement Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product
9.3.2.2.2. By Project
9.3.2.2.3. By Sourcing
9.3.3. South Korea Home Improvement Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product
9.3.3.2.2. By Project
9.3.3.2.3. By Sourcing
9.3.4. Australia Home Improvement Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Product
9.3.4.2.2. By Project
9.3.4.2.3. By Sourcing
9.3.5. India Home Improvement Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Product
9.3.5.2.2. By Project
9.3.5.2.3. By Sourcing
10. Middle East & Africa Home Improvement Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product
10.2.2. By Project
10.2.3. By Sourcing
10.2.4. By Country
10.3. Middle East & Africa: Country Analysis
10.3.1. Saudi Arabia Home Improvement Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product
10.3.1.2.2. By Project
10.3.1.2.3. By Sourcing
10.3.2. UAE Home Improvement Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product
10.3.2.2.2. By Project
10.3.2.2.3. By Sourcing
10.3.3. Egypt Home Improvement Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product
10.3.3.2.2. By Project
10.3.3.2.3. By Sourcing
10.3.4. South Africa Home Improvement Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Product
10.3.4.2.2. By Project
10.3.4.2.3. By Sourcing
11. South America Home Improvement Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Product
11.2.2. By Project
11.2.3. By Sourcing
11.2.4. By Country
11.3. South America: Country Analysis
11.3.1. Brazil Home Improvement Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Product
11.3.1.2.2. By Project
11.3.1.2.3. By Sourcing
11.3.2. Argentina Home Improvement Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Product
11.3.2.2.2. By Project
11.3.2.2.3. By Sourcing
11.3.3. Chile Home Improvement Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Product
11.3.3.2.2. By Project
11.3.3.2.3. By Sourcing
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. The Home Depot U.S.A., Inc.
14.2. Lowe's Companies, Inc.
14.3. Groupe Adeo SA
14.4. Wesfarmers Limited (Bunnings Warehouse)
14.5. Kingfisher Plc
14.6. Menards, Inc.
14.7. Ace Hardware Corporation
14.8. OBI Group Holding SE & Co.KGaA
14.9. Hornbach Holding AG & Co. KGaA Group
14.10. 3M Company
15. Strategic Recommendations

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