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PUBLISHER: IMARC | PRODUCT CODE: 1722595
PUBLISHER: IMARC | PRODUCT CODE: 1722595
Home Improvement Services Market Report by Type, Buyers Age, City Type, and Region 2025-2033
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PAGES: 144 Pages
DELIVERY TIME: 2-3 business days
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The global home improvement services market size reached USD 371.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 529.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.82% during 2025-2033. The increasing need for remodeling of homes, rising adoption of smart homes, and the growing requirement for energy-efficient living spaces represent some of the key factors driving the market.
Increasing Homeownership Rates Augmenting Market Growth
Rapid urbanization, inflating income levels, and changing living standards are strengthening the home improvement services market growth around the world. Homeownership instills a sense of pride and responsibility in homeowners, which motivates them to enhance their properties. Homeowners invest in home improvement projects to beautify their homes, which makes them more comfortable and appealing. They understand that undertaking home improvement projects can increase the value of their properties, which allows them to build equity and potentially command higher prices in the future.
What are Home Improvement Services?
Home improvement services enhance, renovate, or maintain residential properties. These services are provided by contractors, tradespeople, or specialized professionals with the expertise and experience to handle various home improvement projects. Home improvement services generally involve repairing or replacing components of a house to restore or improve their functionality, such as fixing plumbing leaks, repairing damaged roofs, and replacing faulty electrical wiring. They also involve installing or upgrading home security systems, such as alarm systems, surveillance cameras, smart locks, and access control systems, to enhance the safety and security of a property. They also cater to unique customization requests of consumers, including building custom cabinets, installing home theatres, creating home offices, constructing additional rooms or extensions, or transforming underutilized spaces.
Home Improvement Services Market Trends:
The increasing need for remodeling and upgradation activities of homes represents one of the major factors driving the demand for home improvement services around the world. These activities can be adopted to remodel newly bought homes or upgrade existing residential complexes as per the preferences and requirements of people. Moreover, the rising adoption of smart homes and the growing installation of smart devices, such as smart thermostats, speakers, smart lighting solutions, washing machines, ovens, refrigerators, and vacuum cleaners, is influencing the market positively. Furthermore, these smart devices are integrated with advanced technologies, such as artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and the internet of things (IoT), which enable homeowners to visualize home improvement projects before implementation. They also incorporate features like video surveillance, motion sensors, door or window sensors, and smart locks, which enhance home safety and provide peace of mind. This, in turn, is propelling the growth of the market. In addition, the increasing requirement for energy-efficient and luxurious living spaces with efficient storage cabinets and trendy floorings is contributing to the home improvement services market growth. Apart from this, the rising need for home improvement services, such as the installation of energy management systems, to help homeowners monitor and control energy usage, optimize energy efficiency, and integrate renewable energy sources like solar panels is favoring the market growth. Additionally, the growing instances of natural disasters, including hurricanes, floods, or wildfires, which cause damage to homes, are catalyzing the demand for home improvement services for repair and maintenance.
Key Market Segmentation:
Type Insights:
- Kitchen Renovation and Addition
- Bathroom Renovation and Addition
- Exterior and Interior Replacements
- System Upgrades
- Others
- Kitchen renovation and addition is a type of home improvement service that allows homeowners to optimize the layout and design of their kitchen space by reconfiguring the layout, adding storage solutions, or expanding the kitchen area. They also enable the incorporation of smart storage solutions and organization systems.
- As per the home improvement services market analysis, bathroom renovation and addition is a type of home improvement services that helps optimize the functionality and layout of bathroom space by reconfiguring the layout, adding storage solutions, or expanding the bathroom area.
- Other types of home improvement services, include system upgrades, such as heating, ventilation, and air conditioning (HVAC), insulation, and windows to improve energy efficiency, which reduce the energy consumption and lower utility bills.
Buyers Age Insights:
- Under 35
- 35-54
- 55-64
- Above 65
- According to the home improvement services market, buyers under 35 often want to customize their homes as per their preferences and lifestyle. Home improvement services allow them to create spaces that reflect their individuality and taste.
- Buyers between 35-54 have growing families or teenagers. Home improvement services can cater to their changing needs by providing additional bedrooms, play areas, or functional spaces for their children.
- Buyers between 55-64 aim to age in place and want to make their homes more accessible and functional for their changing needs. Home improvement services can include modifications like grab bars, walk-in tubs, or ramps to improve safety and mobility.
- Other types of buyers include above 65 require modifications to their homes to ensure they can safely and comfortably live in them for as long as possible. Home improvement services can include features like bathroom grab bars, wheelchair accessibility, or non-slip flooring.
City Type Insights:
- Metro Cities
- Non-metro Cities and Towns
- Homeowners in non-metro cities and towns prioritize customization and personalization of their homes. Home improvement services allow them to create unique spaces that reflect their individual tastes and preferences. Home improvement services in non-metro areas often involve maintenance and repairs to older homes, such as roof repairs, plumbing upgrades, or structural improvements to ensure the longevity and safety of the property.
Regional Insights:
- 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
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for home improvement services. The increasing remodeling and renovation activities of homes represents one of the major factors driving the demand for North America home improvement services market. Moreover, the rising awareness about energy efficiency and sustainability is catalyzing the demand for home improvement services in the region. Besides this, the growing adoption of smart homes and the surging need for energy-efficient homes is influencing the market positively in the region.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global home improvement services market. Some of the companies covered in the report include:
- Belfor
- Coit Cleaners
- Crane Renovation Group
- DKI Ventures LLC
- FirstService Corporation
- Mr. Handyman International LLC
- Power Home Remodeling Group
- Rainbow International LLC
- Servpro
- Venturi Restoration
Key Questions Answered in This Report
- 1.What was the size of the global home improvement services market in 2024?
- 2.What is the expected growth rate of the global home improvement services market during 2025-2033?
- 3.What are the key factors driving the global home improvement services market?
- 4.What has been the impact of COVID-19 on the global home improvement services market?
- 5.What is the breakup of the global home improvement services market based on the type?
- 6.What is the breakup of the global home improvement services market based on the city type?
- 7.What are the key regions in the global home improvement services market?
- 8.Who are the key players/companies in the global home improvement services market?
Product Code: SR112025A4950
Table of Contents
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Belfor
Product Code: SR112025A4950
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 USD), 2019-2024
- Figure 3: Global: Home Improvement Services Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Home Improvement Services Market: Breakup by Type (in %), 2024
- Figure 5: Global: Home Improvement Services Market: Breakup by Buyers Age (in %), 2024
- Figure 6: Global: Home Improvement Services Market: Breakup by City Type (in %), 2024
- Figure 7: Global: Home Improvement Services Market: Breakup by Region (in %), 2024
- Figure 8: Global: Home Improvement Services (Kitchen Renovation and Addition) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Home Improvement Services (Kitchen Renovation and Addition) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Home Improvement Services (Bathroom Renovation and Addition) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Home Improvement Services (Bathroom Renovation and Addition) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Home Improvement Services (Exterior and Interior Replacements) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Home Improvement Services (Exterior and Interior Replacements) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Home Improvement Services (System Upgrades) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Home Improvement Services (System Upgrades) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Home Improvement Services (Other Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Home Improvement Services (Other Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Home Improvement Services (Under 35) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Home Improvement Services (Under 35) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Home Improvement Services (35-54) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Home Improvement Services (35-54) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Home Improvement Services (55-64) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Home Improvement Services (55-64) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Home Improvement Services (Above 65) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Home Improvement Services (Above 65) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Home Improvement Services (Metro Cities) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Home Improvement Services (Metro Cities) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Home Improvement Services (Non-metro Cities and Towns) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Home Improvement Services (Non-metro Cities and Towns) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: North America: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: North America: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: United States: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: United States: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Canada: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Canada: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Asia-Pacific: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Asia-Pacific: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: China: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: China: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Japan: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Japan: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: India: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: India: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: South Korea: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: South Korea: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Australia: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Australia: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Indonesia: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Indonesia: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Others: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Others: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Europe: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Europe: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Germany: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Germany: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: France: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: France: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: United Kingdom: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: United Kingdom: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Italy: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Italy: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Spain: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Spain: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Russia: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Russia: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Others: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Others: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Latin America: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Latin America: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Brazil: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Brazil: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Mexico: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Mexico: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Others: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Others: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Middle East and Africa: Home Improvement Services Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Middle East and Africa: Home Improvement Services Market: Breakup by Country (in %), 2024
- Figure 78: Middle East and Africa: Home Improvement Services Market Forecast: Sales Value (in Million USD), 2025-2033
- 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, 2024 and 2033
- Table 2: Global: Home Improvement Services Market Forecast: Breakup by Type (in Million USD), 2025-2033
- Table 3: Global: Home Improvement Services Market Forecast: Breakup by Buyers Age (in Million USD), 2025-2033
- Table 4: Global: Home Improvement Services Market Forecast: Breakup by City Type (in Million USD), 2025-2033
- Table 5: Global: Home Improvement Services Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Home Improvement Services Market: Competitive Structure
- Table 7: Global: Home Improvement Services Market: Key Players
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