Precision Business Insights has published a report on the global home improvement market, estimating its value at USD 919.7 Million in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/home-improvement-market

Market Definition:

Although the term "home improvement" frequently describes construction projects that modify an existing home's structure, it can also apply to upgrades made to gardens, lawns, and outdoor structures like garages and gazebos. It also includes general service, repair, and maintenance.

Drivers:

1)      Rapid Urbanisation

2)      Changing consumer preferences for luxury living spaces

The global home improvement market segmentation:
1) By Type: Kitchen Renovation & Addition, Bathroom Renovation & Addition, Exterior & Interior Replacements, System Upgrades and Others.
2) By Buyers Age: Under 35, 35-54, 55-64 and Above 65.
3) By City Type: Metro Cities and Other Non-Metro Cities & Towns.

Based on its Type Renovation, sometimes known as remodelling, is the process of repairing old, dilapidated, or damaged buildings. Usually, either residential or commercial structures undergo renovations. Furthermore, refurbishment can apply in social contexts and mean creating something new or revitalizing something that already exists. For instance, if a community is revitalized and reinforced, it can be renovated.

Regional Overview:
The report also examines the current concerns and their Future Effects on the home improvement market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the home improvement market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The key players profiled in the global home improvement market report are Sherwin-Williams Company, DuPont de Nemours, Watsco Inc., Robert Bowden, ABC Supply Co., Neil Kelly Company, Henkel Corporation, Andersen Corporation, The Home Depot, American Exteriors.

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