PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424094
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424094
U.S. Residential Remodeling Market Share, Size, Trends, Industry Analysis Report, By End-Use (Residential Trade, Residential Showroom, and B2C); By Distribution Channel; By Project Types; By Application; By Region; Segment Forecast, 2024 - 2032
The U.S. Residential Remodeling market size is expected to reach USD 754.75 million by 2032, according to a new study by Polaris Market Research. The report "U.S. Residential Remodeling Market Share, Size, Trends, Industry Analysis Report, By End-Use (Residential Trade, Residential Showroom, and B2C); By Distribution Channel; By Project Types; By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising disposable income of people in the US as well as due to shifting homeowner preferences, there has been an increase in demand for aesthetically beautiful home exteriors and interiors in recent years. This has resulted in shifting trends in the materials and products utilized for residential construction and interior design, that has risen the demand for residential remodeling products which is propelling the market growth over the forecast period.
The potential presented by modern living standards is for the building and construction sector to meet the increasing demand from consumers. The state's increased building expenditures and expanding construction industry are a direct effect of rising disposable income.
For instance, as per the analysis conducted by the U.S. Bureau of Economic Analysis, the Federal Reserve Bank of St. Louis reports that the state's per capita personal income climbed from USD 56,063 in 2022 to 61,047 in 2023. According to the data, there has been a significant increase in income levels, which has raised living standards and increased demand for residential renovation in the US.
However, home renovation spending usually declines in recessions, but the COVID-19 recession turned out to be a unique event. One important factor is that lower-wage workers, those who were less likely to own homes, were more severely impacted by the epidemic in its early phases. Besides., higher-income homeowners were spared the same degree of job losses and pay cuts, but they did profit from lower spending on items like dining out and vacation, which freed up money for other needs.
Many of these homeowners were ready to establish home gyms, workplaces, and backyard oasis with pools, rooftops, and outdoor kitchens since they had been spending a greater amount of time at home. Therefore, this factor has increased the demand for residential remodeling which has created the US residential remodeling growth opportunities.
Although, the US residential remodeling market's expansion is being attributed to increased inspection by regulators in the US. This is due to there are questions about how renovations and refurbishments may affect the structure of residential buildings. Rules and laws make sure the structure can endure the modifications that the occupants intend to make.
Governments and regulatory agencies around the nation are enforcing safety standards for residential renovation to decrease worries about construction and improve home safety. There aren't many direct service alternatives available that can replace home remodeling. Nevertheless, a number of methods, including paints and varnishes, modernizing and upgrading hardware, and adding premium trim or crown molding, can produce results that are comparable to remolding a structure.
U.S. Residential Remodeling Market Report Highlights
Residential showroom segment is anticipated to grow at the highest CAGR owing to its benefits such as consumers have right to observe and inspect.
DIY sector is expected to hold a significant market share owing to the rising concerns for renovation in home with low cost and energy efficient projects.
Key players include Andersen Corporation, ATI Restoration, Dahua Technology, Signify Holding, and GREAT DAY IMPROVEMENTS
Polaris Market Research has segmented the U.S. Residential Remodeling market report based on end-use, distribution channel, project types, application, and region:
U.S. Residential Remodeling, End-Use Outlook (Revenue - USD Million, 2019 - 2032)
- Residential Trade
- Residential Showroom
- B2C
U.S. Residential Remodeling, Distribution Channel Outlook (Revenue - USD Million, 2019 - 2032)
- Direct selling online
- Direct selling to the consumer
- Wholesale to retailer
- Wholesale to consumer
- Wholesalers selling online
U.S. Residential Remodeling, Project Types Outlook (Revenue - USD Million, 2019 - 2032)
- DIY
- DIFM
U.S. Residential Remodeling, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Flooring
- Walls
- Ceilings
- Porch, Garden and Garage
- System & Equipment
- Disaster Repair
- Others
U.S. Residential Remodeling, Region Outlook (Revenue - USD Million, 2019 - 2032)
- Texas
- California
- Illinois
- Ohio
- Florida
- Others
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. U.S. Residential Remodeling Market Insights
- 4.1. U.S. Residential Remodeling Market - Industry Snapshot
- 4.2. U.S. Residential Remodeling Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising awareness towards advanced construction industry and more energy-efficient construction
- 4.2.1.2. Increase in advanced technology adoption for home improvement
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Rising Raw material prices are likely to impede the market growth
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. U.S. Residential Remodeling Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. U.S. Residential Remodeling Market, by Project Types
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Residential Remodeling, by Project Types, 2019-2032 (USD Million)
- 5.3. DIY
- 5.3.1. U.S. Residential Remodeling Market, by DIY, 2019-2032 (USD Million)
- 5.4. DIFM
- 5.4.1. U.S. Residential Remodeling Market, by DIFM, 2019-2032 (USD Million)
6. U.S. Residential Remodeling Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Residential Remodeling Market, by Application, 2019-2032 (USD Million)
- 6.3. Flooring
- 6.3.1. U.S. Residential Remodeling Market, by Flooring, 2019-2032 (USD Million)
- 6.4. Walls
- 6.4.1. U.S. Residential Remodeling Market, by Walls, 2019-2032 (USD Million)
- 6.5. Ceilings
- 6.5.1. U.S. Residential Remodeling Market, by Ceilings, 2019-2032 (USD Million)
- 6.6. Porch, Garden and Garage
- 6.6.1. U.S. Residential Remodeling Market, by Porch, Garden and Garage, 2019-2032 (USD Million)
- 6.7. System & Equipment
- 6.7.1. U.S. Residential Remodeling Market, by System & Equipment, 2019-2032 (USD Million)
- 6.8. Disaster Repair
- 6.8.1. U.S. Residential Remodeling Market, by Disaster Repair, 2019-2032 (USD Million)
- 6.9. Others
- 6.9.1. U.S. Residential Remodeling Market, by Others, 2019-2032 (USD Million)
7. U.S. Residential Remodeling Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. U.S. Residential Remodeling Market, by End-Use, 2019-2032 (USD Million)
- 7.3. Residential trade
- 7.3.1. U.S. Residential Remodeling Market, by Residential trade, 2019-2032 (USD Million)
- 7.4. Residential Showroom
- 7.4.1. U.S. Residential Remodeling Market, by Residential Showroom, 2019-2032 (USD Million)
- 7.5. B2C
- 7.5.1. U.S. Residential Remodeling Market, by B2C, 2019-2032 (USD Million)
8. U.S. Residential Remodeling Market, by Distribution Channel
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. U.S. Residential Remodeling Market, by Platform, 2019-2032 (USD Million)
- 8.3. Direct Selling Online
- 8.3.1. U.S. Residential Remodeling Market, by Direct Selling Online, 2019-2032 (USD Million)
- 8.4. Direct selling to the consumer
- 8.4.1. U.S. Residential Remodeling Market, by Direct selling to the consumer, 2019-2032 (USD Million)
- 8.5. Wholesale to retailer
- 8.5.1. U.S. Residential Remodeling Market, by Wholesale to retailer, 2019-2032 (USD Million)
- 8.6. Wholesale to consumer
- 8.6.1. U.S. Residential Remodeling Market, by Wholesale to consumer, 2019-2032 (USD Million)
- 8.7. Wholesalers selling online
- 8.7.1. U.S. Residential Remodeling Market, by Wholesalers selling online, 2019-2032 (USD Million)
9. U.S. Residential Remodeling Market, by State
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. U.S. Residential Remodeling Market Assessment, By State, 2018-2030 (USD Million)
- 9.2.2. U.S. Residential Remodeling Market - Texas
- 9.2.2.1. Texas: U.S. Residential Remodeling Market, by Application, 2018-2030 (USD Million)
- 9.2.2.2. Texas: U.S. Residential Remodeling Market, by Project Types, 2018-2030 (USD Million)
- 9.2.2.3. Texas: U.S. Residential Remodeling Market, by Distribution Channel, 2018-2030 (USD Million)
- 9.2.2.4. Texas: U.S. Residential Remodeling Market, by End-Use, 2018-2030 (USD Million)
- 9.2.3. U.S. Residential Remodeling Market - California
- 9.2.3.1. California.: U.S. Residential Remodeling Market, by Application, 2018-2030 (USD Million)
- 9.2.3.2. California.: U.S. Residential Remodeling Market, by Project Types, 2018-2030 (USD Million)
- 9.2.3.3. California.: U.S. Residential Remodeling Market, by Distribution Channel, 2018-2030 (USD Million)
- 9.2.3.4. California.: U.S. Residential Remodeling Market, by End-Use, 2018-2030 (USD Million)
- 9.2.4. U.S. Residential Remodeling Market - Illinois
- 9.2.4.1. Illinois: U.S. Residential Remodeling Market, by Application, 2018-2030 (USD Million)
- 9.2.4.2. Illinois: U.S. Residential Remodeling Market, by Project Types, 2018-2030 (USD Million)
- 9.2.4.3. Illinois: U.S. Residential Remodeling Market, by Distribution Channel, 2018-2030 (USD Million)
- 9.2.4.4. Illinois: U.S. Residential Remodeling Market, by End-Use, 2018-2030 (USD Million)
- 9.2.5. U.S. Residential Remodeling Market - Ohio
- 9.2.5.1. Ohio: U.S. Residential Remodeling Market, by Application, 2018-2030 (USD Million)
- 9.2.5.2. Ohio: U.S. Residential Remodeling Market, by Project Types, 2018-2030 (USD Million)
- 9.2.5.3. Ohio: U.S. Residential Remodeling Market, by Distribution Channel, 2018-2030 (USD Million)
- 9.2.5.4. Ohio: U.S. Residential Remodeling Market, by End-Use, 2018-2030 (USD Million)
- 9.2.6. U.S. Residential Remodeling Market - Florida
- 9.2.6.1. Florida: U.S. Residential Remodeling Market, by Application, 2018-2030 (USD Million)
- 9.2.6.2. Florida: U.S. Residential Remodeling Market, by Project Types, 2018-2030 (USD Million)
- 9.2.6.3. Florida: U.S. Residential Remodeling Market, by Distribution Channel, 2018-2030 (USD Million)
- 9.2.6.4. Florida: U.S. Residential Remodeling Market, by End-Use, 2018-2030 (USD Million)
- 9.2.7. U.S. Residential Remodeling Market - Others
- 9.2.7.1. Others: U.S. Residential Remodeling Market, by Application, 2018-2030 (USD Million)
- 9.2.7.2. Others: U.S. Residential Remodeling Market, by Project Types, 2018-2030 (USD Million)
- 9.2.7.3. Others: U.S. Residential Remodeling Market, by Distribution Channel, 2018-2030 (USD Million)
- 9.2.7.4. Others: U.S. Residential Remodeling Market, by End-Use, 2018-2030 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. ATI Restoration, LLC (California)
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Project Types Benchmarking
- 11.1.4. Recent Development
- 11.2. Andersen Corporation (Minnesota)
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Project Types Benchmarking
- 11.2.4. Recent Development
- 11.3. A Groundworks Company (Virginia Beach, US)
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Project Types Benchmarking
- 11.3.4. Recent Development
- 11.4. BELFOR (Michigan, USA)
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Project Types Benchmarking
- 11.4.4. Recent Development
- 11.5. DaBella (Oregon)
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Project Types Benchmarking
- 11.5.4. Recent Development
- 11.6. Dahua Technology USA Inc. (US)
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Project Types Benchmarking
- 11.6.4. Recent Development
- 11.7. Erie Home (Ohio)
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Project Types Benchmarking
- 11.7.4. Recent Development
- 11.8. GREAT DAY IMPROVEMENTS, LLC (Ohio)
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Project Types Benchmarking
- 11.8.4. Recent Development
- 11.9. Renuity (Florida)
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Project Types Benchmarking
- 11.9.4. Recent Development
- 11.10. Renovo Home Partners (Texas)
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Project Types Benchmarking
- 11.10.4. Recent Development
- 11.11. ReBath, LLC (Arizona)
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Project Types Benchmarking
- 11.11.4. Recent Development
- 11.12. Signify Holding, Inc. (Netherlands) (Philip Hue-US)
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Project Types Benchmarking
- 11.12.4. Recent Development
- 11.13. Thompson Creek (Maryland)
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Project Types Benchmarking
- 11.13.4. Recent Development
- 11.14. Window World, Inc. (North Carolina)
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Project Types Benchmarking
- 11.14.4. Recent Development
- 11.15. Window Nation (New Jersey)
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Project Types Benchmarking
- 11.15.4. Recent Development
- 11.16. Window Depot USA (Ohio)
- 11.16.1. Company Overview
- 11.16.2. Financial Performance
- 11.16.3. Project Types Benchmarking
- 11.16.4. Recent Development
List of Tables
- Table 1 U.S. Residential Remodeling Market, by Project Types, 2019-2032 (USD Million)
- Table 2 U.S. Residential Remodeling Market, by Distribution Channel, 2019-2032 (USD Million)
- Table 3 U.S. Residential Remodeling Market, by Application, 2019-2032 (USD Million)
- Table 4 U.S. Residential Remodeling Market, by End-Use, 2019-2032 (USD Million)
List of Figures
- Figure 1 U.S. Residential Remodeling Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by State
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 U.S. Residential Remodeling Market, by Application, 2021 & 2030 (USD Million)
- Figure 8 Market by Project Types
- Figure 9 U.S. Residential Remodeling Market, by Project Types, 2021 & 2030 (USD Million)
- Figure 10 Market by End-Use
- Figure 11 U.S. Residential Remodeling Market, by End-Use, 2021 & 2030 (USD Million)
- Figure 11 Market by Distribution Channel
- Figure 12 U.S. Residential Remodeling Market, by Distribution Channel, 2021 & 2030 (USD Million)
- Figure 13 U.S. Residential Remodeling Market Assessment, By State, 2019-2032 (USD Million)
- Figure 14 Strategic Analysis - U.S. Residential Remodeling Market
