Press release
Home Improvement Services Market Witnessing Stunning Growth to Reach $585.3 Billion by 2030
Home Improvement Services Market
Home improvement services encompass a spectrum of activities such as renovating, remodeling, and refurbishing older homes according to the preferences of the client. The revenue generated from fees charged for designing, construction, and installing new infrastructure in existing homes contributes to the home improvement services market.
A primary driving force behind the home improvement services market is the renovation of newly purchased older homes before occupancy. This serves to imbue the residence with a sense of freshness akin to moving into a new space, while also addressing any existing issues or outdated aesthetics. Moreover, the escalation of interest rates on properties and housing costs has inclined individuals towards investing in home renovations rather than incurring substantial expenses on acquiring new residences.
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Market Outlook:
The burgeoning do-it-yourself (DIY) culture worldwide presents a direct challenge to the home improvement services market. As more individuals opt to undertake renovation projects independently, rather than seeking professional assistance, this trend negatively impacts the demand for professional home improvement services.
Renovating homes to make them energy-efficient and equip them with automation, smart gadgets, & equipment is a major opportunity for the home improvement services market growth during the forecast period.
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Segmentation Based On:
By Type -
Kitchen Renovation & Addition
Bathroom Renovation & Addition
Exterior & Interior Replacements
System Upgrades
Others
By Buyers Age -
Under 35
35-54
55-64
Above 65
By City Type -
Metro Cities
Other Non-metro Cities & Towns
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Top Players:
The major players profiled in the home improvement services market include Belfor, Coit Services, Inc., Crane Renovation Group, DKI Ventures, LLC, FirstService Corporation, Mr. Handyman, Power Home Remodeling Group, LLC, Rainbow Restoration, Servpro, and Venturi Restoration.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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