Home Improvement Market
By Project;
DIY and DIFMBy Application;
Online Marketing and Offline MarketingBy End-Use;
Kitchen Improvement & Additions, Bath Improvement & Additions, Exterior Replacements and Interior ReplacementsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Home Improvement Market Overview
Home Improvement Market (USD Million)
Home Improvement Market was valued at USD 1,667,579.22 million in the year 2024. The size of this market is expected to increase to USD 2,441,933.88 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.
Home Improvement Market
*Market size in USD million
CAGR 5.6 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 5.6 % | 
| Market Size (2024) | USD 1,667,579.22 Million | 
| Market Size (2031) | USD 2,441,933.88 Million | 
| Market Concentration | Medium | 
| Report Pages | 388 | 
Major Players
- Lowe's Companies, Inc.
- The Home Depot
- Masco Corporation
- Lumber Liquidators Services LLC
- Stanley Black & Decker, Inc.
- D.R. Horton
- Sherwin-Williams
- Fortune Brands Home & Hardware Inc
- Valspar
- Trane Technologies
- Whirlpool Corporation
- Owens Corning
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Home Improvement Market
Fragmented - Highly competitive market without dominant players
The Home Improvement Market is gaining strong traction as homeowners increasingly prioritize comfort, aesthetics, and functionality. Around 45% of consumers now invest in remodeling projects to enhance living spaces, reflecting rising lifestyle preferences. Growing interest in modern design and smart upgrades has elevated the market’s position as a key segment in consumer spending.
Key Drivers Accelerating Growth
Rising focus on energy-efficient solutions, eco-friendly materials, and sustainable renovations is shaping market expansion. Approximately 38% of homeowners are incorporating green upgrades such as insulation, solar panels, and smart lighting, reflecting a shift toward sustainable living. These initiatives significantly contribute to long-term savings and environmental responsibility.
Technological Advancements Reshaping Demand
The integration of smart home technologies and digital platforms is driving rapid adoption. Nearly 42% of renovation projects include automation systems like voice-controlled appliances and connected security solutions. The fusion of technology with traditional improvement projects is streamlining operations and enhancing convenience.
Strategies Strengthening Market Presence
Leading players are focusing on collaborations, mergers, and product innovations to capture evolving demand. About 30% of companies are expanding through partnerships to introduce advanced product lines, while others are leveraging digital channels for customer engagement. These strategies are reshaping competition and broadening consumer accessibility.
Home Improvement Market Key Takeaways
-  The Home Improvement Market continues to grow due to rising investments in home renovation, remodeling, repair services, energy-efficient upgrades, and enhanced living spaces. 
-  Key project categories include kitchen & bathroom remodeling, flooring, roofing, HVAC upgrades, painting, landscaping, smart home installations, and interior décor improvements. 
-  Growth is driven by increasing urbanization, home ownership trends, DIY culture, real estate value enhancement, and demand for modern, functional, and sustainable homes. 
-  Popular trends include smart home systems, eco-friendly materials, energy-efficient renovations, modular furniture, and luxury home upgrades such as spa bathrooms and open-plan kitchens. 
-  North America leads due to high renovation spending, while Europe grows with regulatory emphasis on energy efficiency and Asia-Pacific expands with rising middle-class housing upgrades. 
-  Challenges include fluctuating raw material prices, labor shortages, supply chain constraints, and rising costs of high-quality home improvement products. 
-  Future opportunities lie in smart renovation tools, AR/VR-based design platforms, sustainable building materials, prefabricated home solutions, and professional home improvement services. 
Home Improvement Market Recent Developments
-  April 2025: Lowe’s completed the acquisition of Artisan Design Group to strengthen its position in the professional contractor market. 
-  March 2025: James Hardie Industries announced the purchase of Azek Company to expand its home-exterior improvement portfolio. 
Home Improvement Market Segment Analysis
In this report, the Home Improvement Market has been segmented by Project, Application, End-Use and Geography.
Home Improvement Market, Segmentation by Project
The Home Improvement Market by project is primarily divided into DIY (Do It Yourself) and DIFM (Do It For Me). These two project types cater to different consumer groups—those driven by cost-effectiveness and personal engagement versus those prioritizing convenience and professional finish. The growth in DIY projects is supported by increasing digital tutorials and social media influences, while DIFM projects benefit from rising disposable incomes and the demand for skilled craftsmanship in home renovation activities.
DIY
The DIY segment is expanding due to growing consumer interest in self-managed renovation tasks. The availability of online guides, affordable tools, and home improvement kits has boosted participation. Additionally, rising urbanization and smaller household structures have encouraged cost-conscious homeowners to engage in minor renovations themselves, fostering strong market penetration in North America and Europe.
DIFM
The DIFM segment appeals to homeowners who prefer professional assistance for quality and time efficiency. This category benefits from an increasing number of specialized contractors, strong service networks, and the integration of smart home technologies. Furthermore, the DIFM model is gaining traction in developing regions due to urban lifestyle shifts and the emergence of organized renovation service providers.
Home Improvement Market, Segmentation by Application
Based on Application, the market is segmented into Online Marketing and Offline Marketing. With evolving consumer behavior and the rise of digital commerce, companies are diversifying their strategies to enhance visibility and consumer engagement. The balance between digital and in-store marketing continues to define competitiveness within this industry.
Online Marketing
The Online Marketing segment has witnessed robust expansion due to increasing internet penetration and e-commerce adoption. Social media campaigns, influencer collaborations, and interactive visual tools have transformed customer outreach. Companies are leveraging analytics to target specific demographics, with over 60% of DIY buyers now initiating purchase research online before finalizing purchases.
Offline Marketing
The Offline Marketing segment remains significant, especially for consumers who prefer in-person evaluation of materials and consultation services. Physical retail stores and exhibitions play a critical role in brand recognition, particularly for large-scale projects. Integration of digital tools within offline environments, such as AR-based design visualization, is enhancing the hybrid shopping experience.
Home Improvement Market, Segmentation by End-Use
By End-Use, the market includes Kitchen Improvement & Additions, Bath Improvement & Additions, Exterior Replacements, and Interior Replacements. Each category reflects evolving lifestyle trends, sustainability goals, and increased focus on aesthetic and functional home upgrades.
Kitchen Improvement & Additions
The Kitchen Improvement & Additions segment dominates due to rising preferences for modular designs and energy-efficient appliances. Smart kitchen systems, water-saving fixtures, and ergonomic layouts are driving demand. Furthermore, sustainability-oriented consumers are opting for eco-friendly materials, contributing to steady global market share growth.
Bath Improvement & Additions
The Bath Improvement & Additions segment shows high growth potential, driven by wellness-focused renovation trends and luxury bathroom remodeling. Consumers are investing in smart fixtures, minimalistic designs, and water-efficient systems. Increased adoption of touchless technologies post-pandemic has further accelerated innovation in this category.
Exterior Replacements
The Exterior Replacements segment is fueled by rising investment in roofing, siding, and outdoor space enhancement. Weather-resistant materials, energy-efficient windows, and aesthetic exteriors are key growth areas. Manufacturers are focusing on recyclable and durable products to align with green building regulations.
Interior Replacements
The Interior Replacements segment remains essential in modernization projects, emphasizing flooring, insulation, and lighting upgrades. Growth is supported by the adoption of sustainable materials and improved acoustic performance products. Homeowners are increasingly integrating smart lighting and climate control systems to enhance comfort and efficiency.
Home Improvement Market, Segmentation by Geography
In this report, the Home Improvement Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America leads the global home improvement market, driven by high consumer spending on renovation and modernization projects. The U.S. and Canada show strong trends in smart home installations and sustainable upgrades. DIY culture remains robust, supported by established retail networks and high digital engagement levels.
Europe
In Europe, stringent energy efficiency regulations and growing sustainability initiatives shape market growth. Countries like Germany, France, and the U.K. are emphasizing green remodeling and energy-saving insulation systems. The region’s focus on eco-certifications is encouraging innovation in low-emission materials and smart renovation solutions.
Asia Pacific
Asia Pacific exhibits rapid expansion due to increasing urbanization, rising middle-class incomes, and the surge in housing modernization. China, India, and Japan are key contributors, with an expanding consumer base investing in affordable smart solutions. Government-backed infrastructure programs further enhance the renovation ecosystem in the region.
Middle East & Africa
The Middle East & Africa region is gradually adopting advanced renovation practices, supported by new housing projects and urban redevelopment. High-income economies like the UAE and Saudi Arabia focus on luxury interiors, while African nations emphasize affordable and durable home solutions to meet growing residential demands.
Latin America
In Latin America, Brazil and Mexico are driving the home improvement sector through expanding retail channels and consumer awareness. Increasing investment in residential renovation and eco-friendly materials adoption supports moderate but steady growth. Online retail platforms are gradually shaping the market dynamics in this region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Home Improvement Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Renovation
- Remodeling
- DIY (Do-It-Yourself)
-  Home maintenance: Home maintenance plays a vital role in the Global Home Improvement Market, ensuring the longevity and functionality of residential properties. It encompasses a range of activities aimed at preserving and enhancing the condition of homes, both inside and out. From routine tasks like cleaning and repairs to more extensive renovations and upgrades, home maintenance activities contribute to the overall value and appeal of properties. Homeowners invest in maintenance to protect their investment, improve comfort and livability, and uphold aesthetic appeal. Key aspects of home maintenance within the Global Home Improvement Market include interior and exterior upkeep, system maintenance, and preventative measures. Interior maintenance involves tasks such as cleaning, painting, and repairing walls, floors, and fixtures to maintain a fresh and inviting living environment. Exterior maintenance focuses on preserving the structural integrity and curb appeal of homes through activities like landscaping, exterior painting, and repairing or replacing siding and roofing. System maintenance includes servicing and repairing HVAC systems, plumbing, electrical systems, and appliances to ensure efficient operation and prevent costly breakdowns. Additionally, preventative measures such as weatherproofing, pest control, and fire safety measures are integral parts of home maintenance efforts. The demand for home maintenance services and products is driven by factors such as homeownership rates, aging housing stock, and changing consumer preferences. As homeowners seek to protect and enhance the value of their properties, they rely on a variety of home maintenance solutions and professionals, including contractors, handymen, cleaning services, and home improvement retailers. Moreover, advancements in technology have facilitated the development of innovative home maintenance products and tools, making it easier and more convenient for homeowners to tackle maintenance tasks themselves. Overall, home maintenance plays a crucial role in the Global Home Improvement Market, providing opportunities for growth and innovation in the industry. 
Restraints:
- Economic Uncertainty
- High Material Costs
- Labor Shortages
-  Regulatory Challenges: The Global Home Improvement Market faces several regulatory challenges that impact its operations and growth potential. One key challenge involves compliance with building codes, zoning regulations, and safety standards imposed by local and national governments. These regulations dictate the types of materials, construction methods, and safety features that must be adhered to during home renovation and remodeling projects. Ensuring compliance with these regulations can be complex and time-consuming for both homeowners and industry professionals, potentially leading to delays and increased costs. Environmental regulations and sustainability standards present challenges for the home improvement market. As governments around the world increasingly prioritize environmental protection and sustainability, there is a growing emphasis on using eco-friendly materials, reducing carbon emissions, and minimizing waste in construction and renovation projects. Meeting these regulations requires home improvement retailers, manufacturers, and contractors to adopt sustainable practices, invest in green technologies, and source environmentally-friendly products, which can pose logistical and financial challenges. Trade regulations and tariffs can impact the global supply chain of home improvement products and materials. Trade disputes, import/export restrictions, and tariffs imposed on certain goods can disrupt the flow of materials and increase costs for industry players. Uncertainty surrounding trade policies and geopolitical tensions can also create volatility in the market, affecting investment decisions and business strategies. Navigating these regulatory challenges requires careful planning, risk management, and adaptation to changing trade dynamics. 
Opportunities:
- Sustainable materials
- Energy-efficient appliances
- Smart home technology
-  DIY trends: In the Global Home Improvement Market, Do-It-Yourself (DIY) trends play a significant role in shaping consumer behavior and market dynamics. DIY home improvement projects have gained popularity worldwide, driven by factors such as cost savings, creativity, and a desire for hands-on involvement in home renovation and remodeling. One notable DIY trend is the increasing preference for personalized and customized home improvement solutions. Consumers are increasingly seeking unique and innovative ways to enhance their living spaces, whether through creative painting techniques, custom furniture designs, or DIY décor projects. This trend reflects a growing desire for self-expression and individuality in home design and renovation. Another key DIY trend in the Global Home Improvement Market is the rise of eco-friendly and sustainable DIY practices. With growing awareness of environmental issues, consumers are seeking eco-conscious alternatives for their home improvement projects. This includes the use of environmentally friendly materials, energy-efficient appliances, and sustainable building practices. DIY enthusiasts are exploring DIY recycling and upcycling projects, repurposing old furniture and materials to create new, eco-friendly home décor and furnishings. Sustainability-focused DIY trends align with broader societal shifts towards greener living and responsible consumption. Technology has revolutionized DIY practices in the home improvement market, giving rise to trends such as smart home DIY projects and online DIY communities. DIY enthusiasts are leveraging smart home technology to automate and enhance various aspects of their living spaces, from lighting and temperature control to security and entertainment systems. Online platforms and social media channels provide DIY enthusiasts with a wealth of resources, tutorials, and inspiration for their projects, fostering a vibrant and collaborative DIY community. The accessibility of information and resources online has democratized DIY practices, empowering homeowners to tackle increasingly complex and ambitious home improvement projects with confidence. 
Home Improvement Market Competitive Landscape Analysis
Home Improvement Market is expanding steadily as homeowners invest in renovation, remodeling, and energy-efficient solutions. Leading retailers and suppliers focus on collaboration, distribution partnerships, and selective merger activities to enhance service portfolios. Nearly 63% of the market share is concentrated among established chains, while smaller firms drive innovation and growth through niche and customized offerings.
Market Structure and Concentration
The market demonstrates medium concentration, with about 66% share dominated by large retailers and home improvement brands. Smaller companies pursue targeted strategies in eco-friendly products, smart home solutions, and regional customization. Strong collaboration with contractors and suppliers sustains competitiveness, while expansion into online retail platforms reinforces growth across global markets.
Brand and Channel Strategies
Brand positioning emphasizes affordability, reliability, and convenience, with nearly 57% of distribution driven by retail stores and e-commerce platforms. Companies apply strategies to strengthen partnerships with manufacturers and service providers. Marketing highlights innovation in digital shopping, DIY solutions, and personalized offerings, ensuring continuous growth and customer engagement in a competitive landscape.
Innovation Drivers and Technological Advancements
Around 61% of recent development emphasizes technological advancements such as smart tools, AR-based design visualization, and energy-efficient materials. Industry players pursue R&D innovation to align with consumer demand for sustainability and digital convenience. Increased collaboration with tech firms fosters partnerships that drive growth in connected home solutions and next-generation renovation tools.
Regional Momentum and Expansion
North America accounts for nearly 42% of the market, supported by renovation-focused strategies and strong DIY culture. Europe represents about 34% share, emphasizing sustainability-driven innovation in energy upgrades. Asia-Pacific shows rapid double-digit growth through urbanization and home expansion. Regional collaboration and localized partnerships continue to strengthen adoption across diverse consumer segments.
Future Outlook
The future outlook highlights steady growth as sustainability, smart homes, and digital retail accelerate sector transformation. Nearly 49% of companies are planning expansion into eco-friendly building products and integrated service platforms. Strong partnerships, consumer-driven innovation, and continuous technological advancements will shape long-term competitiveness, ensuring resilience in the home improvement market.
Key players in Home Improvement Market include:
- The Home Depot, Inc.
- Lowe’s Companies, Inc.
- Kingfisher plc
- Groupe ADEO SA
- Bunnings Warehouse
- Masco Corporation
- Stanley Black & Decker, Inc.
- Sherwin-Williams Company
- Fortune Brands Home & Security Inc.
- Lumber Liquidators Services, LLC (LL Flooring)
- Ace Hardware Corporation (Ace Group Intl.)
- Husqvarna Group (Home & Garden segment)
- Trebia Group (DIY/Home improvement – UK/Europe)*
- S.A.C.I. Falabella (Home Improvement segment)**
- Masisa S.A. (Home improvement materials – Latin America)***
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction - Research Objectives and Assumptions
- Research Methodology
- Abbreviations
 
- Market Definition & Study Scope
- Executive Summary - Market Snapshot, By Project
- Market Snapshot, By Application
- Market Snapshot, By End-Use
- Market Snapshot, By Region
 
- Home Improvement Market Dynamics - Drivers, Restraints and Opportunities - Drivers - Renovation
- Remodeling
- DIY (Do-It-Yourself)
- Home maintenance
 
- Restraints - Economic Uncertainty
- High Material Costs
- Labor Shortages
- Regulatory Challenges
 
- Opportunities - Sustainable materials
- Energy-efficient appliances
- Smart home technology
- DIY trends
 
 
- Drivers 
- PEST Analysis - Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
 
- Porter's Analysis - Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
 
 
- Drivers, Restraints and Opportunities 
- Market Segmentation - Home Improvement Market, By Project, 2021 - 2031 (USD Million) - DIY
- DIFM
 
- Home Improvement Market, By Application, 2021 - 2031 (USD Million) - Online Marketing
- Offline Marketing
 
- Home Improvement Market, By End-Use, 2021 - 2031 (USD Million) - Kitchen Improvement & Additions
- Bath Improvement & Additions
- Exterior Replacements
- Interior Replacements
 
- Home Improvement Market, By Geography, 2021 - 2031 (USD Million) - North America - United States
- Canada
 
- Europe - Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
 
- Asia Pacific - Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN(Association of South East Asian Countries)
- Rest of Asia Pacific
 
- Middle East & Africa - GCC
- Israel
- South Africa
- Rest of Middle East & Africa
 
- Latin America - Brazil
- Mexico
- Argentina
- Rest of Latin America
 
 
- North America 
 
- Home Improvement Market, By Project, 2021 - 2031 (USD Million) 
- Competitive Landscape - Company Profiles - The Home Depot, Inc.
- Lowe’s Companies, Inc.
- Kingfisher plc
- Groupe ADEO SA
- Bunnings Warehouse
- Masco Corporation
- Stanley Black & Decker, Inc.
- Sherwin-Williams Company
- Fortune Brands Home & Security Inc.
- Lumber Liquidators Services, LLC (LL Flooring)
- Ace Hardware Corporation (Ace Group Intl.)
- Husqvarna Group (Home & Garden segment)
- Trebia Group (DIY/Home improvement – UK/Europe)*
- S.A.C.I. Falabella (Home Improvement segment)**
- Masisa S.A. (Home improvement materials – Latin America)***
 
 
- Company Profiles 
- Analyst Views
- Future Outlook of the Market


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