North America Remodeling Market to accrue substantial gains over 2018-2024, Global Market Insights, Inc. - Industry News 360


Wednesday, 8 August 2018

North America Remodeling Market to accrue substantial gains over 2018-2024, Global Market Insights, Inc.

Global Market Insights, Inc. announces the launch of its latest report on Global Remodeling Market featuring the key industry trends across the end-use and regional landscape. The company forecasts the global remodeling market share to surpass USD 5 trillion by 2024.

The growing costs of land leading to a surge in the prices of homes has necessitated the requirement of renovated construction, driving remodeling market trends. Areas prone to fluctuating weather-related disasters will hold immense potential for remodeling market owing to frequent renovation arising as a result of damage to roofs and other construction elements.

Remodeling market share from the commercial sector will be pegged at USD 2.2 trillion by 2024. The expanding tourism industry and the subsequently rising demand for an enhanced ambience will lead to the requirement of remodeling services in hotels and restaurants, driving remodeling market size from the commercial sector.

North America covered a substantial share of the global remodeling market in 2017. The continent falls among the largest economies and boasts of heavy consumer spending on account of extensive lifestyle changes, design innovations, and technological developments. The region also houses a slew of areas prone to heavy snowfall and other weather-induced disasters that necessitate the requirement of snow removal services, consequently augmenting the regional remodeling market size.

The key players profiled in the report are ABC Supply Co., Inc., Dreamstyle Remodeling, Andersen Corporation, DuPont Building Innovations, Builders FirstSource, Inc., Harvey Industries, Inc., Dow Building Solutions, Henkel AG & Company, Ferguson Enterprises, Inc., Neil Kelly, Hanley Wood LLC, Power Home Remodeling Group, The Home Depot Inc., Owens Construction, Rebuilding Together, Jeld-Wen, Kohler Co., Robert Bowden, Inc., Tapco International Corporation, Lutron Electronics Company, Roxul Inc., Masco Corporation, SGC Horizon LLC, The Pella Corporation, Statewide Remodeling, Sherwin-Williams Company, Steves & Sons, Inc., Case Design/Remodeling, Inc., and Synchrony Financial. The companies have been profiled in terms of their SWOT assessment, product portfolio, and strategic outlook.

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