How big is the Home Improvement Market | Size, Segments & Insights 2025

Q: What is the current size of the home improvement market?

The home improvement market was valued at USD 375 billion in 2024 and is projected to reach USD 538.46 billion by 2031.

Q: What is the growth rate of the home improvement market?

The market is expected to grow at a CAGR of 5.50% during 2025–2031.

Q: Which industries use home improvement the most?

Residential housing, DIY retail, construction, renovation services, and real estate.

Q: What technologies are shaping the home improvement market?

AR visualization tools, smart materials, IoT, AI estimators, and mobile-based renovation planning.

Q: What is driving demand in the home improvement market?

Growing DIY trends, smart and sustainable upgrades, and rising investments in residential enhancement.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6206

Publication Date: Jul 2025

How big is the Home Improvement Market?

According to 6Wresearch internal database and industry insights, the Global Home Improvement Market was valued at USD 375 Billion in 2024 and is expected to reach USD 538.46 Billion by 2031, growing at a compound annual growth rate of 5.50% during the forecast period (2025-2031).

The market is expanding due to rising renovation activities, increasing homeownership, and growing consumer interest in DIY projects, smart upgrades, and energy-efficient solutions.

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Key Growth Drivers of the Home Improvement Market

Rising real estate investments and home renovation trends
Growth in DIY culture and home enhancement awareness
Increasing demand for energy-saving and smart home upgrades
Expansion of e-commerce and availability of renovation tools
Government incentives for green buildings and retrofits

Home Improvement Market Trends

The home improvement market is witnessing strong demand for kitchen and bathroom remodeling, flooring upgrades, and sustainable materials. DIY kits and modular renovation solutions are gaining popularity. Smart home integration is fueling upgrades in lighting, insulation, and HVAC systems. Eco-friendly paints, low-flow fixtures, and solar panel installations are trending. Augmented reality apps are helping homeowners visualize projects before purchase. Influencer marketing and tutorial content are driving consumer participation.

Emerging Developments in the Home Improvement Market

Technology-enabled tools for virtual remodeling and 3D room planning are being developed. Smart building materials with thermal regulation and noise control are emerging. AI-driven home project estimators and planning apps are gaining adoption. Platforms offering subscription-based maintenance and improvement services are growing. Retailers are expanding eco-certified and locally sourced product lines. Voice-controlled and app-synced tools are enhancing user convenience during renovations.