1 / 6

Remodeling Market Regional Analysis and Forecast during 2020 – 2026

According to a research report by Global Market Insights Inc., the global remodeling market is likely to surpass a valuation of $4.76 trillion by the end of 2026.

vinayakshinde
Download Presentation

Remodeling Market Regional Analysis and Forecast during 2020 – 2026

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Remodeling Market Development Trends and Growth Drivers Analysis by 2026 • The global remodeling market is projected to foresee a period of respectable growth over the coming years owing to the mounting investments towards infrastructural development across a number of global economies. Additionally, changing consumer demographics are also slated to make major contributions towards the market outlook. The emerging trend of upgrading existing home HVAC, electrical systems, and other major appliances to work with smart automation to cut down energy consumption would further fuel industry revenues through remodeling activities. • According to a research report by Global Market Insights Inc., the global remodeling market is likely to surpass a valuation of $4.76 trillion by the end of 2026. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Additionally, increasing expenditure on house repairs and home improvements on owner-occupied properties would positively influence market growth. In fact, according to the Harvard University LIRA (Leading Indicator of Remodeling Activity), the U.S. will observe a 1.5% rise in home remodeling expenditures percent in 2020. The market is witnessing this growth despite the global pandemic, which has caused many industries to go into an economic slump. In fact, in spite of the slowdown, homeowner repair as well as improvement expenditures are still expected to grow in 2020 to over $330 billion. • With respect to end-use, the commercial sector is projected to register a healthy CAGR of 3.8% through the forecast timeframe. Commercial infrastructure is a crucial for attaining high economic growth for any country. Which is why government bodies frequently promote innovation within the commercial sector, which results in numerous mega projects across the globe. Office space renovation leads to modernization, enhanced safety and health, better company image, as well as an improved infrastructural layout. Moreover, renovation also helps decrease the technical and operational barriers faced by employees, which would positively influence the overall market expansion. • Market players are increasingly using various growth strategies such as acquisitions, partnerships, and attractive discount offers to customers to bring in more business. Likewise, over the past years it was also observed that industry players were focusing on expanding their regional footprints by opening new facilities. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/237 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • On the regional front, the Latin America remodeling market is projected to observe a CAGR of 4.3% over the analysis period. Increasing changes in the outlook for commodity rates, stronger exports, rising business confidence, and elevated consumption across several areas of the region are some of the prominent factors that are outlining regional market size. In addition, steady growth trend in the tourism industry along with rapid expansion of regional population and increasing economic stability should further stimulate the LATAM market expansion. • Competitive Analysis • The competitive landscape of the remodeling industry is inclusive of players such as State-wide remodeling, ROCKWOOL International, Power Home Remodeling Group, Pella Corporation, Owens Construction, Neil Kelly Company, Henkel Construction, Harvey Building Products, Dreamstyle Remodeling, Case Design/Remodeling, The Sherwin -Williams Company, Lutron Electronics, Kohler, The Home Depot JELD-WEN, Masco Corporation, Dow Building Solutions, and Andersen Corporation among others. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Remodeling Market @ https://www.gminsights.com/industry-analysis/remodeling-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/237 Request for customization: https://www.gminsights.com/roc/237 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

More Related