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DUBLIN--(BUSINESS WIRE)--Oct 26, 2022--
The "Home Remodeling Market By Project Type, By Distribution Channel, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global home remodeling market size was valued at $852.1 billion in 2020, and is projected to reach $1,317.5 billion by 2030, registering a CAGR of 4.3% from 2021 to 2030.
Home remodeling is the process of making alterations to the existing residential unit, in order to improve is serviceability and aesthetical appearance. The alterations typically include repairing structures or fixtures, expanding the existing space, and other changes intended toward improving safety of the buildings.
Home remodeling solutions are available for a wide range of applications such as doors, windows, lighting systems, flooring solutions, and others. Furthermore, home remodeling is a great solution when it comes to achieving most out of the existing building. In addition, the new look that can be achieved in the existing old structure; through home remodeling, is also one of the reasons that drive the demand in the home remodeling market.
The surge in investments on the maintenance of ever-increasing number of old buildings drives the demand in the home remodeling market. In addition to this, the high cost of constructing a completely new house, encourages the homeowners to remodel their existing old houses instead of buying a new one.
This further adds to the demand in home remodeling market. However, high labor cost is one of the constraints to the market growth. Furthermore, advancement in the computer-based technologies such as visualization apps, 3D rendering software, and others, has enabled the homeowners to visualize the remodeled house on a computer screen, providing lucrative opportunities for the growth of the market.
Key Benefits For Stakeholders
Key Market Segments
By Project Type
By Distribution Channel
By Application
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/mvjtpb
View source version on businesswire.com:https://www.businesswire.com/news/home/20221026005980/en/
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KEYWORD:
INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE TECHNOLOGY CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/26/2022 03:03 PM/DISC: 10/26/2022 03:03 PM
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