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U.S. Home Remodeling Market Size - By Project (DIY, DIFM), By Wholesale (Residential Trade, Residential Showroom, B2C), Application, Distribution Channel, Growth Potential, Competitive Landscape & Forecast, 2021 - 2027

  • Report ID: GMI4459
  • Published Date: Sep 2021
  • Report Format: PDF

U.S. Home Remodeling Market Size

U.S. Home Remodeling Market size exceeded USD 340 billion in 2020 and is expected to grow at over 4.1% CAGR between 2021 and 2027. Increase in spending on home improvement activities by rental property owners owing to surge in rental demand will foster the industry growth.

Shifting consumer trend toward advanced home technologies as well as security features followed by several convenient components including weather control appliances, smart lighting, etc., which is likely to cater to the market expansion.

U.S. Home Remodeling Market

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The U.S. housing industry is experiencing a considerable growth in recent years due to low-interest rates coupled with increased spending time at home. The surging demand for better and convenient amenities among interior designers, homeowners, and builders will propel the home improvement materials demand across the U.S. Tech-savvy millennials are becoming familiar and more inclined toward the short-term plans when it comes to housing investments. Increasing number of private rented houses in the U.S. has significantly supported several innovations and new & improved techniques for home improvement activities. Approximately 65% of people below 35 age group are living in rented houses in the country, sustaining the market growth.

Installation of advanced systems and control techniques for improving air-exchange rate will considerably propel the industry statistics. Old age people are mostly staying at homes, and indoor air quality has significantly impacted their health and comfort. The situation can be addressed effectively by improving building design and operations as well as air filtration techniques. Furthermore, to control the flow of heat and moisture, the demand for sustainable and green building materials is likely to grow in the coming years. Homeowners from major states including California, Texas, and Florida are significantly investing in home improvement projects to increase the property value.

Increasing inflation rate and lack of trained labors may constrain home remodeling market demand. Moreover, the COVID-19 pandemic has adversely affected the building and construction industry members including owners, developers, realtors, and supply chain vendors impelled by project cancellation, shortages of labor, and frequent supply chain disruptions. Economic downturn across the U.S. further declined the industry. However, a speedy recovery has been observed since the last quarter of 2020 led by surging usage for interior decoration, additions, and alteration projects.

U.S. Home Remodeling Market Analysis

U.S. Home Remodeling Market, By Project

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Do it yourself (DIY) projects are forecast to register a growth rate of over 4.3% through 2027. Millennials are getting interested in do-it-yourself projects and shifting their preference toward eco-friendly and energy-efficient projects with advanced features. These DIY projects are cost-effective to end consumers as there is no inclusion of third-party members. Homeowners and rental property owners can consult with top architects to invest in prominent energy-efficient upgrades and also visualize & implement their vibrant and out of the box ideas for executing the projects.

Wholesalers play a pivotal role in the distributing channel by collaborating with manufacturers, retailers, and consumers. The wholesale to retailer segment registered the highest revenue of around USD 140 billion in 2020 and is poised to see a constant pace up to 2027. Wholesalers can improve the demand supply stability by providing customer’s feedback directly to the manufacturers.

Rapidly growing ecommerce business enables wholesalers or manufacturers to offer numerous options for home improvement products or materials to the customers at an affordable cost. Additionally, real-time tracking and comparable pricing options can influence consumers toward digital platform, eventually boosting the home remodeling market size in the U.S.

Residential showroom segment is set to cross USD 80 billion by 2027. Residential showrooms enable consumers to observe and inspect the product before making purchase. They give sense of personal touch and make consumers more confident about the purchase. However, residential showrooms carry greater inventory options and provide a wide range of products to customers. 

U.S. Home Remodeling Market, By End-use

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The kitchen improvement & additions segment is anticipated to witness highest gain of above 5% through 2027. Increasing adoption of smart kitchens in high income states owing to its energy-efficient and water-efficient applications such as motion sensing water faucets and lights, auto dispensing washing liquid, and Bluetooth or Wi-Fi-enabled appliances is spurring the segment demand. An upsurge in the popularity of attractive colors and designs among cabinet structures coupled with maximum storage capacity and fire-proof cooking countertops will stimulate the U.S. home remodeling market share.

U.S. Home Remodeling Market Share

The regional industry is dominated by several international and domestic players. Market leaders are continuously engaging themselves in R&D activities along with several other strategic investments for delivering innovative and effective products and materials to their customers. The key companies in the industry are :

  • Andersen Corporation
  • APCO Industries
  • Ferguson Enterprises
  • ABC Supply
  • The Sherwin-Williams Co
  • Masco Corp
  • Kohler Co
  • Pella Corporation

This market research report on the United States home remodeling includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2017 to 2027, for the following segments:

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Market, By Project

  • DIY
  • DIFM

Market, By Distribution channel

  • Direct selling through online
  • Direct selling to consumer
  • Wholesale to retailer
  • Wholesale to consumer
  • Wholesalers selling online

Market, By Wholesale

  • Residential trade
  • Residential Showroom
  • B2C

Market, By application

  • Windows & doors
  • Kitchen additions & improvements
  • Bathroom additions & improvements
  • Landscaping
  • Flooring
  • Roofing
  • HVAC
  • Pools/hot tubs
  • Electrical construction
  • Other Room Additions & Alterations

Market, By Region

  • Northeast U.S.
    • Pennsylvania
    • New York
    • Vermont
    • New Hampshire
    • Massachusetts
    • Maine
    • Rhode Island
    • Connecticut
    • New Jersey
    • Delaware
    • Maryland
  • Southeast U.S.
    • Arkansas
    • Louisiana
    • Mississippi
    • Alabama
    • Georgia
    • Florida
    • South Carolina
    • Tennessee
    • North Carolina
    • Virginia
    • West Virginia
    • Kentucky
  • Midwest U.S.
    • North Dakota
    • South Dakota
    • Nebraska
    • Kansas
    • Minnesota
    • Iowa
    • Missouri
    • Wisconsin
    • Illinois
    • Michigan
    • Indiana
    • Ohio
  • Northwest U.S.
    • Washington
    • Oregon
    • California
    • Nevada
    • Idaho
    • Montana
    • Wyoming
    • Alaska
    • Utah
    • Colorado
  • Southwest U.S.
    • Arizona
    • New Mexico
    • Texas
    • Hawaii
    • Oklahoma


Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

U.S. home remodeling industry revenue was recorded at over USD 340 billion in 2020 and will grow at a CAGR of more than 4.1%.

The market size from do-it-yourself projects will grow at a 4.3% rate up to 2027 with the rising inclination of millennials towards energy-efficient and eco-friendly.

The industry share from residential showrooms in the U.S. will surpass a valuation of USD 80 billion through 2027 as the customers can inspect and observe the products before purchasing them in these settings.

The wholesalers segment accounted for about USD 140 billion in revenue in 2020 and will grow as the wholesalers can provide direct feedback of the customers to the manufacturers and enhance the demand-supply stability.

U.S. Home Remodeling Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 30
  • Tables & Figures: 246
  • Countries covered: 1
  • Pages: 650
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