by Rapid urbanization, inflating income levels, and changing living standards are strengthening the home improvement services market growth around the world.
IMARC Group, a leading market research company, has recently releases report titled “Home Improvement Services Market Report by Type (Kitchen Renovation and Addition, Bathroom Renovation and Addition, Exterior and Interior Replacements, System Upgrades, and Others), Buyers Age (Under 35, 35-54, 55-64, Above 65), City Type (Metro Cities, Non-metro Cities and Towns), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the market.
How Big is the Home Improvement Services Market?
The global home improvement services market size reached US$ 356.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 512.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
Industry Overview of Home Improvement Services
Home improvement services are delivered by professionals, such as contractors, tradespeople, or specialized experts, who possess the necessary skills and knowledge to undertake various home improvement projects. The primary aim of home improvement services is to restore or enhance the functionality of different aspects of a house, which involves tasks like repairing plumbing leaks, fixing roofs, and replacing faulty electrical wiring. Additionally, these services encompass the installation or upgrading of home security systems, including alarm systems, surveillance cameras, smart locks, and access control systems, in order to augment property safety and security. Home improvement services cater to the specific customization requirements of homeowners, such as constructing custom cabinets, installing home theaters, establishing home offices, creating additional rooms or extensions, or transforming underutilized spaces.
For an in-depth analysis, you can refer sample copy of the report: www.imarcgroup.com/home-im…uestsample
What are the growth prospects and trends in the home improvement services industry?
The need for home improvement services is driven by the increasing necessity for remodeling and upgrading homes worldwide. Besides this, the market is positively influenced by the growing adoption of smart homes and the installation of smart devices like smart thermostats, speakers, lighting solutions, washing machines, ovens, refrigerators, and vacuum cleaners.
Moreover, the demand for energy-efficient and luxurious living spaces with efficient storage cabinets and trendy flooring options further drives the home improvement services market. Additionally, the market benefits from the increasing requirement for energy management systems, allowing homeowners to monitor and control energy usage, optimize efficiency, and integrate renewable energy sources such as solar panels.
The demand for home improvement services for repair and maintenance also rises due to the occurrence of natural disasters like floods, wildfires, or hurricanes, causing home damage.
Leading Companies Operating in the Global Home Improvement Services 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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: www.imarcgroup.com/request…amp;flag=C
Home Improvement Services Market Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Kitchen Renovation and Addition
- Bathroom Renovation and Addition
- Exterior and Interior Replacements
- System Upgrades
- Others
Buyers Age Insights:
- Under 35
- 35-54
- 55-64
- Above 65
City Type Insights:
- 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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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Category: Industry Reports & Market Analysis Profile: IMARC is a leading market research company that provides market and business research intelligence across the globe. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.We make an effort to fulfill specific and niche requirements of the industry while balancing the quantum of quality with stipulated time and trace major trends at both the domestic and global levels. The …
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