[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Home Improvement Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 143 pages | ID: HF62C6C3023AEN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global home improvement services market size reached US$ 341.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 426.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.56% during 2023-2028.

Home improvement services refer to the activities that involve remodeling, refurbishing and renovation of residential buildings. They include repairing, altering, remodeling, improving, modifying and demolishing parts of residential or non-commercial properties. Kitchen and bathroom renovation and addition, floor replacement, room addition, system upgrades and exterior and interior replacements are some commonly used home improvement services. They are widely used to enhance the overall appearance, privacy, safety and comfort and protect the unit from weather-related damage. Home improvement services also aid in improving energy efficiency, optimizing space utilization and improving the functionalities of the house.

Home Improvement Services Industry Trends and Drivers:

Rapid urbanization, along with the increasing demand for remodeling homes, is one of the key factors driving the growth of the market. Home improvement services are widely adopted to remodel newly bought homes or upgrading existing residential complexes as per the preference and requirements of the consumers. Additionally, the rising requirement for energy-efficient and luxurious living spaces with efficient storage cabinets and trendy floorings is favoring the market growth. Moreover, various technological advancements, such as the launch of the Internet of Things (IoT)-integrated home control systems embedded with single touch screen panels, are providing a thrust to the market growth. These solutions provide convenient access and enhanced safety and convenience to users. In line with this, service providers are also integrating artificial intelligence-enabled cameras, lighting, audio and door access systems for providing remote access to the users, which is positively impacting the market growth. Other factors, including the implementation of various government initiatives to promote the construction of green buildings, along with the increasing expenditure capacities of the consumers, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global home improvement services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, buyers age and city type.

Breakup by Type:

Kitchen Renovation and Addition
Bathroom Renovation and Addition
Exterior and Interior Replacements
System Upgrades
Others
 

Breakup by Buyers Age:

Under 35
35-54
55-64
Above 65
 

Breakup by City Type:

Metro Cities
Non-metro Cities and Towns
 

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa
 

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Belfor, Coit Cleaners, Crane Renovation Group, DKI Ventures LLC, FirstService Corporation, Mr. Handyman International LLC, Power Home Remodeling Group, Rainbow International LLC, Servpro and Venturi Restoration.

Key Questions Answered in This Report:

What was the size of the global home improvement services market in 2022?
What is the expected growth rate of the global home improvement services market during 2023-2028?
What are the key factors driving the global home improvement services market?
What has been the impact of COVID-19 on the global home improvement services market?
What is the breakup of the global home improvement services market based on the type?
What is the breakup of the global home improvement services market based on the city type?
What are the key regions in the global home improvement services market?
Who are the key players/companies in the global home improvement services market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL HOME IMPROVEMENT SERVICES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Kitchen Renovation and Addition
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Bathroom Renovation and Addition
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Exterior and Interior Replacements
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 System Upgrades
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY BUYERS AGE

7.1 Under
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 35-54
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 55-64
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Above
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY CITY TYPE

8.1 Metro Cities
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Non-metro Cities and Towns
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Belfor
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Coit Cleaners
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Crane Renovation Group
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 DKI Ventures LLC
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 FirstService Corporation
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
  14.3.6 Mr. Handyman International LLC
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Power Home Remodeling Group
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Rainbow International LLC
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Servpro
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Venturi Restoration
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Home Improvement Services Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Home Improvement Services Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Home Improvement Services Market Forecast: Breakup by Buyers Age (in Million US$), 2023-2028
Table 4: Global: Home Improvement Services Market Forecast: Breakup by City Type (in Million US$), 2023-2028
Table 5: Global: Home Improvement Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Home Improvement Services Market: Competitive Structure
Table 7: Global: Home Improvement Services Market: Key Players


LIST OF FIGURES

Figure 1: Global: Home Improvement Services Market: Major Drivers and Challenges
Figure 2: Global: Home Improvement Services Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Home Improvement Services Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Home Improvement Services Market: Breakup by Type (in %), 2022
Figure 5: Global: Home Improvement Services Market: Breakup by Buyers Age (in %), 2022
Figure 6: Global: Home Improvement Services Market: Breakup by City Type (in %), 2022
Figure 7: Global: Home Improvement Services Market: Breakup by Region (in %), 2022
Figure 8: Global: Home Improvement Services (Kitchen Renovation and Addition) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Home Improvement Services (Kitchen Renovation and Addition) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Home Improvement Services (Bathroom Renovation and Addition) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Home Improvement Services (Bathroom Renovation and Addition) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Home Improvement Services (Exterior and Interior Replacements) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Home Improvement Services (Exterior and Interior Replacements) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Home Improvement Services (System Upgrades) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Home Improvement Services (System Upgrades) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Home Improvement Services (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Home Improvement Services (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Home Improvement Services (Under 35) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Home Improvement Services (Under 35) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Home Improvement Services (35-54) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Home Improvement Services (35-54) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Home Improvement Services (55-64) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Home Improvement Services (55-64) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Home Improvement Services (Above 65) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Home Improvement Services (Above 65) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Home Improvement Services (Metro Cities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Home Improvement Services (Metro Cities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Home Improvement Services (Non-metro Cities and Towns) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Home Improvement Services (Non-metro Cities and Towns) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Home Improvement Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Home Improvement Services Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Home Improvement Services Industry: SWOT Analysis
Figure 80: Global: Home Improvement Services Industry: Value Chain Analysis
Figure 81: Global: Home Improvement Services Industry: Porter's Five Forces Analysis


More Publications