Schedule a Meeting
Download Brochure
Table of Content
April 2025
The global Remodeling market size accounted for USD 3.55 trillion in 2024 and is predicted to increase from USD 3.69 trillion in 2025 to approximately USD 5.18 trillion by 2034, expanding at a CAGR of 3.85% from 2025 to 2034.The demand for remodeling is increasing due to the growing number of aging homes requiring upgrades and repairs.
Remodeling refers to the steps and initiatives taken towards making changes in the structure, layout of a building from its original construction. The process includes upgrades to the commercial and residential constructions to improve the functionalities that help in managing the property efficiently. The remodeling market is expanding rapidly due to the rising property value in urban areas, where companies are providing special home renovation services in the urban areas due to the higher demand.
The rising real estate prices are one of the major drivers which is creating a business base for the remodeling companies due to the higher moving costs in the new residential and commercial properties. The remodeling market is expanding rapidly due to rapid urbanization, where the property sizes are reducing and the prices are increasing rapidly. This is limiting the inventory in the new homes, which is often leading towards increasing investments in old home remodeling. Additionally, the increasing urban population is also expected to impact the commercial properties, which are often leading towards increasing investments in existing office spaces for better occupancy and functionality.
| Report Attributes | Details |
| Market Size in 2025 | USD 3.69 Trillion |
| Expected Size in 2034 | USD 5.18 Trillion |
| Growth Rate | CAGR of 3.85% from 2025 to 2034 |
| Base Year of Estimation | 2024 |
| Forecast Period | 2025-2034 |
| High Impact Region | North America |
| Segment Covered | By Type, By End Use, By Region |
| Key Companies Profiled | Andersen Corporation,CertainTeed Corporation,CRH plc,Fletcher Building Limited,James Hardie Industries,Jeld-Wen Holding, Inc.,Kohler Co., Lowe's Companies, Inc.,Masco Corporation,MasterBrand Cabinets, Inc.,Owens Corning,Pella Corporation,Saint-Gobain S.A.,The Home Depot, Inc., Velux Group |
The rapid technological advancements are playing a major role in home upgrades, especially in urban areas. The rising disposable incomes in these economies are leading towards the adoption of automated systems in the houses.
The remodeling market is anticipated to grow rapidly, where individuals are rapidly investing in smart appliances in their kitchen and living spaces. The changing regulations are also leading towards the adoption of energy-efficient systems, which can help in utilizing the resources carefully.
Additionally, the growth of remote work trends in the past few years is leading towards renovations and smart integration in houses. The rising influence of social media platforms is anticipated to play a crucial role in the upcoming years.
The remodeling industry has been excelling rapidly in the developed economies, but there are still some concerns which tend to affect the market growth. The materials used for remodeling include lumber, steel, cement, paint and others, which have been experiencing higher demand, leading towards higher costs.
The remodeling market may face certain challenges due to global supply chain disruptions, as geopolitical tensions are also increasing. These factors impact the expenditure limits of the middle-class population, which may act as a market restraint.
North America dominated the global remodeling market by generating the highest revenue share in 2024. The dominance of the region is attributed to the higher aging population in countries like the United States and Canada. Additionally, the rising disposable income in the developed economies is influencing significant advancements in their households.
The United States stands as a prominent player in the region’s growth, as the US government is taking significant initiatives towards energy-efficient homes that promote sustainability. Additionally, the companies in the US market also have technological infrastructure, which is anticipated to boost the growth more efficiently.
| By Region | Revenue Share 2024 (%) |
| North America | 35.11% |
| Europe | 25.19% |
| Asia Pacific | 17.85% |
| Latin America | 12.32% |
| Middle East and Affrica | 9.53% |
Europe marked its growth by contributing to the second-largest revenue share in 2024. The major reason behind the growth of the region is the sustainability focus of the organizations in the region. The remodeling market is growing rapidly due to the rising old and historic buildings in European countries, which are raising the requirements for upgradation.
Germany stands out to be a major country in the European market as the individuals are matching the EU Green Deal initiative to meet the regularity requirements. The companies in the country are also gaining popularity as the aging residential and commercial properties are switching towards smart upgradations.
Asia Pacific is anticipated to grow at the highest CAGR during the forecast period of 2025 to 2034. The growth of the region is attributed to the rapid urbanization in countries like China, Japan and India. The remodeling market is anticipated to excel more widely in the upcoming years as the rising disposable incomes are leading towards renovations. Additionally, this urbanization is also boosting the real estate prices, which is often expected to play a game-changing role in the future.
China dominates the Asia Pacific market due to the rising disposable incomes in the region, which is marking significant upgrades in the residential properties. Additionally, the country has a dominant manufacturing base, which is promoting business for the remodeling firms.
The interior remodeling segment marked its dominance by generating the highest revenue share in 2024. The segment deals with the remodeling and upgrades inside the buildings, like the kitchen, bathroom, flooring, basement, room and many more. The remodeling market is growing rapidly due to the rising consumer preferences for convenient living spaces that give them a smooth experience.
The changing lifestyle patterns are also leading towards a more aesthetic living approach, where the technologies are helping in attracting a wider consumer base. Additionally, these spaces are occupied daily, which often leads to more expenditure in these spaces that help the individuals in the long run. The companies are investing in innovating products that match the requirements for energy-efficient homes.
The exterior remodeling segment is anticipated to grow at the highest revenue share in 2024. The segment deals with the improvements of the roofing, siding, fencing and many more. The remodeling market is anticipated to grow more rapidly as the changing climate conditions are raising the demand for strong roofs and outdoor structures.
The individuals are also investing in outdoor upgrades for a more aesthetic house appeal. Additionally, the growth of commercial spaces is anticipated to play a crucial role in the upcoming years as it becomes a major factor in their businesses. The rising government focus towards sustainability is anticipated to create a business base for eco-friendly materials.
The residential segment stood the dominant one as it contributed to the highest revenue share in 2024. The dominance of the segment is attributed to the higher consumer base of the properties in the developing economies, which are more likely to spend on home upgrades like kitchen, bathroom, automated systems and many more.
| By End Use | Revenue Share 2024 (%) |
| Residential | 50.11% |
| Commercial | 39.55% |
| Industrial | 10.34% |
The rising property valuation is also playing an influential factor as it promotes home upgrades to manage the functionalities. Some of the governments are also providing rebates to adopt energy-efficient solutions in their residential properties. The remodeling companies and firms are going digital, which will also help them grow more rapidly in future.
The commercial segment is anticipated to grow at the highest CAGR during the forecast period of 2025 to 2034. The growth of the segment is attributed to the rapid growth in the corporate sector, which is marking improvements in its buildings. The remodeling market is anticipated to grow rapidly due to the changing regulatory guidelines for commercial spaces that will attract these firms in the upcoming years.
The growing hospitality sector is also marking significant demand for upgrades in hotels and restaurants due to the rising market competitiveness. For instance, in April 2025, Green Street's Commercial Property Price Index® rose 0.3% in March, marking a 4.9% increase over the past year.
April 2025
April 2025
April 2025
April 2025
Annual Access, Limitless Research! Unlock all market research reports with our annual subscription. Stay on top of market trends and crucial insights year-round!
2500+
Client Queries in 20235000+
Insights Published40+
Consulting Projects Per Year25+
Analysts