Code: IMR0974 | Manufacturing & Const | Oct-2021 | 230 Pages |
In
2021, the Global Home Improvement Market’s size was valued at USD 763.91 billion and is estimated to reach USD 1,010.93
billion by 2028 and is expected to be growing at a CAGR of 4.8 % throughout the
forecast period. In this report, 2021 has been taken as the base year while
2020 is the historical year. The forecast year for the report is 2028 to
approximate the size of the market for Home Improvement.
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Market Research’s report on Home Improvement studies the past and current
opportunities of growth and trends to get a clear picture of the growth
indicators of the market for the forecast period 2021 to 2028. The report also
offers the revenue generated by the Home Improvement market considering 2020 as
the historical year, 2021 as the base year, and 2028 as the forecast year. The
report also consists of the compound annual growth rate (CAGR) for the Home
Improvement market over the forecast period.
Methodology
The
methods used for collecting information for the report involve 4 main
activities. These activities help in estimating the current size of the Home
Improvement market. Thorough secondary research was conducted to collect
information on the Home Improvement market, such as new technologies coming
into the market, and components connected with this market. Then the collected
information was validated with experts from the Manufacturing and Construction industry
across all the value chains through primary researches. Both top-down and
bottom-up approaches were used for estimating the market size.
The
secondary research includes collecting data from sources such as government
publications such as country-level Manufacturing and Construction associations
and organizations, World Bank, Eurostat, Organization for Economic Co-operation
and Development (OECD), and CDC; regulatory and corporate filings such as SEC
filings, annual reports, investor presentations, and business magazines,
financial statements, press releases, and research journals, free and paid manufacturing
and construction databases and trade, business, and professional associations.
The secondary data collected was then analyzed to predict the overall size of
the market which was later validated with primary research.
Thorough
primary research was done after getting a clear picture of the Home Improvement
market through secondary research. Many market experts were interviewed for the
primary research from both the supply-side players and demand-side players and
across four major regions, namely, Europe, North America, Asia Oceania, and the
Rest of the World. Apart from the interviews, primary data was collected
through mails, questionnaires, and telephonic interviews.
Overview of Report
The Home Improvement market report
provides information and statistics on market shares, size, restraining
factors, and driving factors for the forecast period 2021 to 2028. It also
mentions the role of main market players in the manufacturing and construction industry. The report on Home Improvement market evaluates
the value of the market report, keeping in mind the application and regional
segments, market share, and size while forecasting the market for each product
type and application of the Home Improvement market in different segments of
the report. The research report also mentions some sections of the Home
Improvement market including opportunities, growth, trend, size, demand, and
technology used by prominent players of the market. Then, it gives detailed
profiles of the key players as a part of the competitive landscape of the Home
Improvement market.
The
study of the report divides it into several sub-segments and represents the
whole manufacturing and construction industry. An estimation of the revenue
generated by the entire manufacturing and construction industry and its
sub-segments are also provided in the report. It decides the factors that
affect the demand of the manufacturing and construction industry rapidly,
including methods of development, growth networks, and the product model. The
report also points out the greatest prospects for the growth of the manufacturing
and construction market such as forecasting the growth of the market, the launch
of new goods, and analysis of the product demand, purchase decisions, several
economic factors that are important to determine the trend of Home Improvement
market, and the attractiveness of the market. The report on the Home
Improvement market will help in assisting the stakeholders in identifying
high-potential customers, such as distributors and manufacturers.
Growth Mapping
The
main aim of the Home Improvement report is to give the map of the growth for
the Home Improvement market that will help in providing the clients with the
required information for the formulation strategies to meet their respective
business goals. The report also provides deep knowledge of the Home Improvement
for the previous year as well as for the forecast years and what the CAGR level
of the market is going to be. This report is a synopsis of what the market
conditions are going to be while also giving information regarding the market’s
definition, classifications, applications, and engagements are. This report
also aims to analyze the Home Improvement market’s developments including the
market improvement, market position, and others which are usually done by the
prominent players and brands of the manufacturing and construction industry.
This report also consists of all the market drivers and restraints which are
obtained through SWOT analysis. The report also has the CAGR values of the Home
Improvement market for the base years 2021, the historic year 2020, and
forecast years 2021-2028.
Regional Analysis
The Home Improvement market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For
the forecast year 2021-2028, it has been estimated that China/ United states
will the dominating market for Home Improvement. This region is expected to see growth in the manufacturing
and construction industry
because of the increasing population, increase in per capita income, and
improvement in living standards. There has been an increase in demand for
comfort features and accelerates the growth of the Home Improvement market.
The construction is the process of constructing while manufacturing is the action
of the verb to manufacture. The other factors which are driving the growth of
the Home Improvement market include the development of marketing analytics
tools and firmly established existing players in the market. In addition to
this, government agencies, companies, third-party administrators, etc. are
channelizing their efforts to make customer-centric manufacturing and
construction products which will also contribute to the growth of the Home
Improvement market in this region. Rising demand for barns and agricultural or
industrial buildings and even bridges, increased investment by the government,
new and advanced technology, and machinery, along with the improved marketing
tactics will likely cause the Home Improvement market to grow substantially.
The Asia Pacific market is estimated to
grow at the highest CAGR during the forecast period (2021-2028). This growth is
driven by the increasing research activities, growing demand for manufacturing
and construction, and an
increasing number of initiatives by market players for expanding their presence
in the APAC, and higher adoption of Home Improvement in several APAC countries.
Improvements in GDP per capita and infrastructure development have
urbanized the region to a greater extent turning rural areas into urban areas.
The sudden surge in the demand has caused the cities to fall into unsustainable
consumption models. The top key players in the Home Improvement market are
located in the region. China
and India are expected to offer significant growth opportunities for players
operating in the Home Improvement market, owing to the growing support from
government bodies, increasing demand for new manufacturing and
construction technology with
special features, and the presence of less-stringent regulations and data
requirements (as compared to developed countries) in their respective
healthcare systems.
Competitive Landscape
The
report provides a competitive landscape on both the quantitative as well as
qualitative research of Home Improvement market. The report also provides
detailed insights on the development methods used by the key market players.
The report offers deep research on the key market players and details on the
competitiveness of these players. The main business strategies used by these
players such as mergers and acquisitions (M&A), collaborations,
affiliations, and contracts are also and analyzed in the report. For each
competitor, the report studies their global presence, service offerings,
competitors, and specification. The main players covered by the study on the
global Home Improvement market are: Sherwin-Williams Company, The Home
Depot, Ferguson Enterprises, Andersen Corporation, DuPont de Nemours, Watsco,
Inc., Beacon Roofing Supply, Pella Corporation, Kohler, ABC Supply Co., Neil
Kelly Company, Henkel Corporation, American Exteriors, Lutron Electronics,
Dreamstyle Remodeling, Steves and Sons Roxul, Builders FirstSource, Masco
Corporation, Keller Supply Company, Case Design/Remodeling, Robert Bowden, APCO
Industries, Boral Building Products, Harvey Building Products, State-wide
Remodeling, Owens Construction, M S International, Kingfisher, Power Home
Remodeling Group, etc.
The Report Provides Insights on The
Following Pointers:
● It gives a forecast analysis of factors
that are driving or restraining the development of the Home Improvement market.
● The report gives a seven-year forecast
value evaluated on the basis of the current market performance of the
manufacturing and construction industry.
● It helps in understanding the main
segments of the products and their future.
● The report gives a deep analysis of
changing competition in the market which keeps you ahead of your competitors.
● The
report gives the market definition of the Home Improvement market along with
the analysis of different factors influencing the market such as drivers,
opportunities, and restraints.
The
Report Answers Questions Such As:
● What
is the potential opportunity for the Home Improvement market?
● What
are the major drivers, restraints, and opportunities of the Home Improvement
market?
● What
is the market share of the leading segments and sub-segments of the Home
Improvement market in the forecast period (2021-2028)?
● How
did the Home Improvement market evolve?
● How
each segment of the Home Improvement market is expected to grow during the
forecast period?
● What
is the expected revenue to be generated by each of the segments by the end of
2028?
● What
are the key development strategies implemented by the key players to stand out
in this Home Improvement market?
● What
is the preferred business model used for building Home Improvement?
● Which
area of application is expected to be the highest revenue generator in the Home
Improvement market during the forecast period?
● Which
end-user segment is expected to be the highest revenue generator in this
industry during the forecast period?
● What
is the potential of Home Improvement market in the emerging countries during
the forecast period?
Sherwin-Williams Company
The Home Depot
Ferguson Enterprises
Andersen Corporation
DuPont de Nemours
Watsco, Inc.
Beacon Roofing Supply
Pella Corporation
Kohler
ABC Supply Co.
Neil Kelly Company
Henkel Corporation
American Exteriors
Lutron Electronics