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Home Improvement Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global home improvement services market reached a value of US$ 321.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 411.3 Billion by 2027, exhibiting at a CAGR of 3.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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 Market Trends:

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Buyers Age, City Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global home improvement services market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global home improvement services market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the buyers age?
  • What is the breakup of the market based on the city type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global home improvement services market and who are the key players?
  • What is the degree of competition in the industry?

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 35
        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 65
        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 Figures

Figure 1: Global: Home Improvement Services Market: Major Drivers and Challenges
Figure 2: Global: Home Improvement Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Home Improvement Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Home Improvement Services Market: Breakup by Type (in %), 2021
Figure 5: Global: Home Improvement Services Market: Breakup by Buyers Age (in %), 2021
Figure 6: Global: Home Improvement Services Market: Breakup by City Type (in %), 2021
Figure 7: Global: Home Improvement Services Market: Breakup by Region (in %), 2021
Figure 8: Global: Home Improvement Services (Kitchen Renovation and Addition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Home Improvement Services (Kitchen Renovation and Addition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Home Improvement Services (Bathroom Renovation and Addition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Home Improvement Services (Bathroom Renovation and Addition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Home Improvement Services (Exterior and Interior Replacements) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Home Improvement Services (Exterior and Interior Replacements) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Home Improvement Services (System Upgrades) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Home Improvement Services (System Upgrades) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Home Improvement Services (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Home Improvement Services (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Home Improvement Services (Under 35) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Home Improvement Services (Under 35) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Home Improvement Services (35-54) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Home Improvement Services (35-54) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Home Improvement Services (55-64) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Home Improvement Services (55-64) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Home Improvement Services (Above 65) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Home Improvement Services (Above 65) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Home Improvement Services (Metro Cities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Home Improvement Services (Metro Cities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Home Improvement Services (Non-metro Cities and Towns) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Home Improvement Services (Non-metro Cities and Towns) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Home Improvement Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Home Improvement Services Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Home Improvement Services Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Home Improvement Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Home Improvement Services Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Home Improvement Services Market Forecast: Breakup by Buyers Age (in Million US$), 2022-2027
Table 4: Global: Home Improvement Services Market Forecast: Breakup by City Type (in Million US$), 2022-2027
Table 5: Global: Home Improvement Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Home Improvement Services Market: Competitive Structure
Table 7: Global: Home Improvement Services Market: Key Players

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