U.S. Home Remodeling Market Size - By Project (DIY, DIFM), By Wholesale (Residential Trade, Residential Showroom, B2C), By End Use, By Distribution, By Region, Forecast 2024 - 2032

U.S. Home Remodeling Market Size - By Project (DIY, DIFM), By Wholesale (Residential Trade, Residential Showroom, B2C), By End Use, By Distribution, By Region, Forecast 2024 - 2032

U.S. Home Remodeling Market size is expected to record 4.8% CAGR between 2024 and 2032, driven by the increasing acquisitions and partnerships among businesses.

Companies across the country are acquiring smaller firms to expand their service offerings and enhance capabilities in home renovation. Additionally, strategic partnerships are providing integrated solutions to streamline the remodeling process. Lastly, ongoing acquisitions and partnerships are driving growth in home remodeling, leading to more diverse and efficient solutions for homeowners. For instance, in June 2024, U.S.-based Home Love Construction acquired Evans Design to propel innovations and service excellence in home remodeling. This acquisition helped in enhancing design capabilities to offer more advanced solutions for residential renovation projects.

The U.S. home remodeling industry is segmented based on project, wholesales, end use, distribution, and zone.

The market share from the DIFM project segment is expected to witness substantial growth through 2032, backed by the ability for providing comprehensive services to handle every aspect of renovation. Homeowners are opting for DIFM solutions, where professionals are working on managing design, planning, and execution to ensure a streamlined process. DIFM approach also helps to simplify home remodeling by removing the complexities and time commitments typically associated with DIY projects.

In terms of wholesales, the home remodeling market value from the B2C segment is slated to generate notable revenue by 2032, driven by increasing need for offering direct access to a wide range of products and materials for consumers. Homeowners are purchasing remodeling supplies directly from wholesalers while benefiting from reduced costs and a broader selection. B2C approach also simplifies the renovation process by eliminating intermediaries and offering more competitive pricing.

Northwest U.S. remodeling industry size is likely to record a notable CAGR through 2032, fueled by lifestyle changes and increasing home ownership. The rise in home ownership is driving the demand for renovations as new homeowners are seeking to personalize and upgrade their properties. The ongoing changes in lifestyles and home ownership patterns will also lead to the regional market growth with innovations in design and technology for enhancing remodeling solutions in the region.