The global Home Improvement Spending Market is prophesied to carry the influence of demographic trends where both millennials and baby boomers are giving shape to its future. Millennials could significantly contribute to the growth of the global home improvement spending market as they opt for home personalization and integrated technology. The rising trend of smart homes is another factor drawing large investments in home improvement. On the other hand, baby boomers are increasing the demand for home renovation, thus causing a surge in the growth of the global home improvement spending market. High demand for accessibility in residential spaces is increasing the number of home upgrades in the recent time.
The global home improvement spending market is projected to see expansion as it witnesses sustained growth with continued increase in home prices. There could be a whole lot of investment in house remodeling in the near future. This is also expected to augur well for the global home improvement spending market. With refinancing gaining the center stage because of low mortgage rates and increasing home equity, a potential pull out of cash could be on the cards. Considering homeowners’ growing interest in house remodeling, the new trend of “nesting is investing” is forecast to work in the favor of the global home improvement spending market.
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Vendors operating in the global home improvement spending market could take advantage of the increase in home repair and renovation activities supported by the elevation in purchase power of homeowners in emerging and developed countries. While millennials are focusing on personalization and integrated technology in today’s homes, baby boomers are more interested in accessibility and other home upgrades. This could lay a robust platform for the growth of the global home improvement spending market.
The global home improvement spending market is anticipated to testify a surge in growth as the growing millennial generation shapes its future. However, slower homeownership and house remodeling rates shown by younger households could take their toll on the global home improvement spending market. Nevertheless, baby boomers are predicted to save the ship for the global home improvement spending market as they continue to invest in home upgrades. On the whole, the global home improvement spending market is expected to enjoy a bright future.
This report is a comprehensive assessment of the global home improvement spending market that takes into account all possible factors affecting growth both in the negative and positive manner. Readers are expected to gain solid knowledge about the global home improvement spending market and how it could shape during the forecast period 2017-2022. The report offers detailed analysis of key regions of the global home improvement spending market and their contribution in terms of growth and demand. It also sheds light on the nature of the vendor landscape and how different players are performing in the global home improvement spending market.
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Home improvement spending involves the process of making intelligent investments in house renovation or refurbishment. Most homeowners may want to take advice from house remodelers and home upgrade specialists before committing to home improvement spending. However, some homeowners could rely on DIY activities for home improvement. There are some professional home remodelers that educate homeowners on renovation activities and how to take informed decisions on home improvement spending.
Additional Questions Answered
The authors of the report answer critical questions about the global home improvement spending market, including the following ones:
Which distribution channel will contribute the most to the global home improvement spending market?
Which product will stay dominant in the global home improvement spending market in terms of revenue growth?
How will Europe take a leading position in the global home improvement spending market?
What will be the dynamics of the global home improvement spending market?
The global home improvement spending market marks the presence of leading players such as Masco Corporation, Kohler Co. Inc., Hitachi Ltd., BASF SE, and Robert Bosch GmbH.
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