Revitalizing Spaces: Residential Remodelers Market 2024 | Trends, Analysis, and Outlook

The residential remodelers market size has grown steadily in recent years. It will grow from $825.71 billion in 2023 to $845.03 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to economic conditions and home equity, changing lifestyle trends, aging housing stock, real estate market dynamics, homeownership rates..

The residential remodelers market size is expected to see steady growth in the next few years. It will grow to $926.83 billion in 2028 at a compound annual growth rate (CAGR) of 2.3%. The growth in the forecast period can be attributed to aging population and accessibility, sustainable and energy-efficient upgrades, growing technological integration in homes, home office and remote work trends, covid-19 pandemic impact.. Major trends in the forecast period include technology-driven project management, multigenerational living spaces, resilient and disaster-resistant design, energy-efficient upgrades, online presence and marketing..

Market Overview -
Residential remodelers are specialists who make adjustments or upgrades to existing homes or residential properties. These alterations can be aesthetic or functional, and may involve upgrading old features, building new rooms or expansions, boosting energy efficiency, or improving the property's overall visual appeal.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=9683&type=smp

Construction Sector Growth Propels Residential Remodelers Market Expansion
The rise in the construction sector is expected to propel the growth of the residential remodelers market going forward. The construction industry is concerned with the construction, alteration, and repair of structures such as houses, industries, highways, bridges, and other infrastructure. Growth in the building industry may have a favorable influence on the residential remodelling market since it leads to an increase in the number of new houses being built, which creates a demand for remodelling services. For instance, in March 2023, according to a recent statistical report published by the United States Census Bureau, a US-based agency of the Federal Statistical System, total construction spending in the United States was $1.54 trillion in November 2020, and it grew to $1.84 trillion in November 2022, reflecting a 16.3% rise. Therefore, the rise in the construction sector is driving the residential remodelers market.

Competitive Landscape -
Major companies operating in the residential remodelers market report are Andersen Corporation, Dow Inc., Jeld-Wen Holdings Inc., Kajaria Ceramics Limited, Kohler Co., Pella Corporation, Seven Group Holdings Limited, Industrie Cotto Possagno S.p.A, Lutron Electronics Inc., Mohawk Industries Inc., Masco Corporation, Ferguson Enterprises Inc., Case Design/Remodeling Inc., Trex Company Inc., Henkel Construction Company, D.R. Horton Inc., Lennar Corporation, PulteGroup Inc., Greystar Real Estate Partners LLC, Alliance Residential Company LLC, NVR Inc., Taylor Morrison Home Corporation, KB Home Inc., Meritage Homes Corporation, Clayton Properties Group Inc., Century Communities Inc., LGI Homes Inc., Mill Creek Residential Trust LLC, Wood Partners LLC, Trammell Crow Residential, DHI Communities Inc., Bridge Investment Group, The Related Group, The NRP Group LLC, Continental Properties Company Inc., Anywhere Remodeling, Power Home Remodeling Group, Dreamstyle Remodeling Inc., Reborn Cabinets Inc., Kitchen Magic Inc. .

Technological Advancements Drive Innovation In The Residential Remodeler Market
Technological advancements are a key trend gaining popularity in the residential remodeler market. Major companies operating in the residential remodeler market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2022, Eyrus Inc., a US-based software business, announced substantial platform enhancements with the launch of Eyrus Evolved, a full, end-to-end solution to assist general contractors make better decisions about progress, risk, and safety. The new technology features an easy-to-use, non-intrusive system that offers full workforce data and analytics in real-time via a Consolidated Workforce Database. Eyrus enables project teams to proactively adapt in dynamic project settings to favorably affect schedule, safety, and cost. The Eyrus platform decreases project administrative overhead by 25% by automating essential operations such as worker on boarding, project time keeping, and compliance reporting by integrating Construction IoT (Internet of Things) technology.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/residential-remodelers-global-market-report

Key Segments -
The residential remodelers market covered in this report is segmented -
1) By Project: DIY (Do It Yourself), Professional
2) By Distribution Channel: Online, Offline
3) By Application: Flooring, Walls, Ceilings, Porches, Gardens, Garages, System And Equipment, Disaster Repair, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.