Remodeling Market - Growth, Rising Trends and Revenue Analysis to 2024
Date: 2020-03-11   Author: Rahul Varpe  Category: #news

Remodeling Market - Growth, Rising Trends and Revenue Analysis to 2024

North America remodeling market revenue was registered over 800 billion in 2017. Design innovations along with large disposable incomes & highest consumer spending are primary drivers for the expanding services demand in the region. Extreme climatic variations accompanied by frequent disasters support the market development in the region. Increasing necessity to improve the employee productivity and reduce energy expenses will propel the services adoption in the commercial segment.

Remodeling Market share was valued at USD 3 Trillion in the year 2017 and is projected to surpass a revenue of USD 5 Trillion by the year 2024.

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The worldwide Remodeling Market to register a CAGR of 4% over the period of 2018–2024. Analysis of the report based on competitive landscape, evolving technologies, current business trends, key industry players, growth pattern, and demand projections by the year 2024. The report also includes an in-depth analysis of the market based on its segments and sub-segments.

Lower lending rates along with design innovations will primarily drive the global remodeling market growth. Increasing private infrastructural investments along with favorable government conditions offering tax concessions on home loans will enhance the services demand. Expanding tourism sector along with technological innovations particularly in Asia Pacific and Europe will boost the business advancement.

Know about Market growth in New Research and its Top growing factors by Key Companies like

ABC Supply, Andersen Corporation, Builders FirstSource, Dow Building Solutions, Ferguson Enterprises, Hanley Wood, LLC, The Home Depot, JELD-WEN, Kohler Co., Lutron Electronics, Masco Corporation, Pella Corporation, The Sherwin-Williams Company, AARP American Exteriors, LLC, Case Design/Remodeling Inc., Dreamstyle Remodeling, DuPont Building Innovations, Harvey Building Products, Henkel Corporation, Neil Kelly Company, Owens Construction, Power Home Remodeling Group, Rebuilding Together, Inc., Robert Bowden, Inc., Roxul Inc., SGC Horizon, Statewide Remodeling, Steves and Sons, Inc., Synchrony Financial, The Tapco Group

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Market by Applications:

  1. Residential
  2. Commercial

Residential remodeling market is expected to witness a CAGR of over 4% during the forecast period 2018 to 2024. Higher count of house gatherings along with rising consumer spending in developing economies will enhance the application market. Technological advancements providing better energy efficiency, enhanced designs, and highly durable materials along with need to increase the house security will drive the business growth globally. Increasing real estate prices in highly populated cities accompanied by the need for improved house space and design will support the services penetration.

Commercial remodeling is expected to account for over USD 2 trillion by 2024. Necessity to reduce the fixed costs particularly electricity expenses along with providing a better environment to work in corporate offices will surge the business expansion. Trend towards transforming the office into eco-friendly to improve employee health, working conditions along with the benefit of social marketing for the company.

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Key Reasons to Purchase the Market Report

  1. The report elaborates on an in-depth evaluation of the market with respect to the product type segment, end-use segment, regional segment, and market opportunities till 2024
  2. A detailed data review alongside the meta-analysis of the market – with respect to the global vendors as well as regions – until 2024
  3. An in-depth understanding of the driving factors that will influence the market demand and preventive strengths in the market
  4. The report helps identify the latent growth opportunities of the market along with the CAGR forecast till 2024.
  5. The report will also help identify basic problems, solutions, and product developments to manipulate the progress threat.


About Author


Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for algosonline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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