Home Improvement Services Market 2023

PRESS RELEASE

Published October 4, 2023

 How Big is the Home Improvement Services Market ?

IMARC Group’s latest report, titled “Home Improvement Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, 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.

What are Home Improvement Services ?

Home
improvement services encompass the provision of expert assistance and labor for
residential property renovation, repair, and remodeling. They comprise various
aspects of renovation, repair, and remodeling, and they play a crucial role in
maintaining and upgrading homes. They also include services, such as plumbing,
electrical work, and roof repair, to maintain the structural integrity of a
house, preventing costly damage. They address diverse aspects of a home,
from structural improvements to aesthetic upgrades, catering to the needs of
homeowners for enhanced living spaces. They assist in creating functional
spaces, such as adding rooms, converting basements, or remodeling kitchens and
bathrooms.

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Who are the key Players Operating in the Industry ? :

  • Belfor
  • Coit Cleaners
  • Crane Renovation Group
  • DKI Ventures LLC
  • FirstService Corporation
  • Mr. Handyman International LLC
  • Power Home Remodeling Group
  • Rainbow International LLC
  • Servpro
  • Venturi Restoration

What are the Growth Prospects and Trends in the Home Improvement Services Industry ? :

At present,
the increasing demand for home improvement services for insulation installation
and window replacement to improve energy efficiency and reduce utility bills
represents one of the vital factors impelling the growth of the market.

Besides
this, the rising popularity of home improvement services, as they boost the
value of houses and make them more attractive to potential buyers, is
contributing to the growth of the market. In addition, the growing emphasis on
environmentally friendly materials, energy-efficient solutions, and sustainable
construction practices is offering a favorable market outlook.

Apart from
this, the increasing demand for contemporary and minimalist designs that
promote simplicity and functionality is bolstering the growth of the market.

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Key Market Segmentation:

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, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report: 

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape 

About Us: 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us:

IMARC Group

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Email: [email protected]

Tel No:(D) +91 120 433 0800

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