U.S. Home Remodeling Market is Booming Worldwide | Growth Forecast to 2026
Date: 2020-03-03   Author: Rahul Varpe  Category: #news

U.S. Home Remodeling Market is Booming Worldwide | Growth Forecast to 2026

As per the latest research report, the global U.S. Home Remodeling Market is anticipated to depict a CAGR of 4.5% through 2026, having recorded a valuation of $374.66 billion in 2018.

By 2026, the U.S. Home Remodeling Market is expected to hit a remuneration of $507.5 billion. An extremely definite evaluation of the global market in terms of qualitative as well as quantitative analysis has been covered in this report. The myriad aspects of this industry, having considered its historical and forecast data have been enlisted in the study.

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Growth Drivers –

  1. Elevating prices of new homes and increasing transfer of ownership
  2. Supportive energy efficiency programs and financing options

U.S. home remodeling market has emerged as one of the most lucrative avenues of investment in recent years. The industry is now set to observe a remunerative growth trend in the coming years. This development can be accounted for growing customer expenditure on homes. In addition, a rapidly growing real estate sector would likely further outline the market expansion through 2026.

Apart from the growing real estate, surging inclination of homeowners towards luxurious and energy-efficient living spaces would majorly contribute to the development of overall market outlook. In fact, people with homes in major states of the U.S. like Florida, Texas and California spend heavily on home renovation.

Apart from the end-use segment, increased growth in the sales of existing homes in the region would majorly drive the market share. Expenditure on home improvements is growing due to rising cost of material and labor, further adding up to the market expansion. Additionally, increased spending of homeowners will also possibly drive the growth of U.S. home remodeling market.

The U.S. Home Remodeling Market report also contains information pertaining to the anticipated CAGR of the global business through the forecast period. In addition, many technological developments and innovations that may possibly boost the industry outlook over the anticipated period are also mentioned in the study.

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Top Companies

Andersen Corporation, ABC Supply Co., Inc., Builders FirstSource Inc., Ferguson Enterprises, Franklin Building Supply, JELD-WEN, Kohler, Masco Corporation, Pella Corporation, The Sherwin - Williams Company, Harvey Building Products, BMC Stock Holdings, National Wholesale Supply, Lu Kitchen & Bath, Enterprise Wholesale, Webb Concrete & building materials,  APCO Industries, United Wholesale Supply, Mayer Electric Supply Company, Woodhill Supply, Beacon Roofing Supply, HD Supply Holdings, Watsco, M S International, F. W. Webb Company, Keller Supply, T & A Supply Company, Mac Arthur, Pacific Coast Supply, R.E. Michel Company

Split by application, the market is divided into

  1. Windows & Doors
  2. Kitchen Additions & Improvements
  3. Bathroom Additions & Improvements
  4. Landscaping
  5. Flooring
  6. Roofing
  7. HVAC
  8. Pools/Hot Tubs
  9. Electrical Construction
  10. Other Room Additions & Alterations

This study is inclusive of in-depth information with respect to the consumption of the product as well as application segment market share, in tandem with the growth rate likely to be registered by every application segment.

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What are the key highlights of this report?

  1. A systematic pricing analysis has been done on the sources of the product, application, as well as regional categories
  2. A detailed analysis of the vendor matrix, important companies that will help better understand the competitive situation of the global business
  3. Important, insightful data on the regulatory status of the market, as well as the investment scenario – for instance, how many stakeholders have invested in the market and so on
  4. A deep-dive understanding of the various aspects propelling the overall market growth graph, as well as their influence on the worldwide market projections and dynamics
  5. A systematic roadmap depicting the numerous growth opportunities in the worldwide market coupled with the identification of vital factors
  6. An extensive evaluation of the various trends prevailing in the global industry that would help identify the various developments in the market from a global perspective

Related News: https://medium.com/@shinde.vinayak/air-compressor-market-research-report-to-2024-atlas-copco-sullair-llc-gardner-denver-af00dd7745c2



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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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