Home Improvement Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)

By Project;

DIY and DIFM

By Application;

Online Marketing and Offline Marketing

By End-Use;

Kitchen Improvement & Additions, Bath Improvement & Additions, Exterior Replacements and Interior Replacements

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn288575680 Published Date: December, 2025 Updated Date: February, 2026

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 Period2026 - 2032
Base Year2025
CAGR (%)5.6 %
Market Size (2025)USD 1,667,579.22 Million
Market Size (2032)USD 2,441,933.88 Million
Market ConcentrationMedium
Report Pages388
1,667,579.22
2025
2,441,933.88
2032

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
*Competitors List Not Exhaustive

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Home Improvement Market

Fragmented - Highly competitive market without dominant players


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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Project
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Home Improvement Market Forces
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Renovation
        2. Remodeling
        3. DIY (Do-It-Yourself)
        4. Home maintenance
      2. Restraints
        1. Economic Uncertainty
        2. High Material Costs
        3. Labor Shortages
        4. Regulatory Challenges
      3. Opportunities
        1. Sustainable materials
        2. Energy-efficient appliances
        3. Smart home technology
        4. DIY trends
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Home Improvement Market, By Project, 2021 - 2031 (USD Million)
      1. DIY
      2. DIFM
    2. Home Improvement Market, By Application, 2021 - 2031 (USD Million)
      1. Online Marketing
      2. Offline Marketing
    3. Home Improvement Market, By End-Use, 2021 - 2031 (USD Million)
      1. Kitchen Improvement & Additions
      2. Bath Improvement & Additions
      3. Exterior Replacements
      4. Interior Replacements
    4. Home Improvement Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. The Home Depot, Inc.
      2. Lowe’s Companies, Inc.
      3. Kingfisher plc
      4. Groupe ADEO SA
      5. Bunnings Warehouse
      6. Masco Corporation
      7. Stanley Black & Decker, Inc.
      8. Sherwin-Williams Company
      9. Fortune Brands Home & Security Inc.
      10. Lumber Liquidators Services, LLC
      11. Ace Hardware Corporation
      12. Husqvarna Group
      13. Trebia Group
      14. S.A.C.I. Falabella
      15. Masisa S.A.
  7. Analyst Views
  8. Future Outlook of the Market