GITNUX MARKETDATA REPORT 2024

Home Improvement Industry Statistics [Fresh Research]

Statistic 1

"The average return on investment (ROI) for home improvement projects is about 60-70%."

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Statistic 2

"Kitchen and bathroom remodels are the most popular home improvement projects, accounting for 80% of the entire industry."

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Statistic 3

"Online sales of home improvement products surged by 79% in 2020."

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Statistic 4

"Around 30% of homeowners plan to invest in a home office renovation."

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Statistic 5

"DIY home improvement projects save homeowners an estimated $3,000 per project."

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Statistic 6

"The exterior home improvements segment is expected to grow by 6% annually."

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Statistic 7

"The home improvement industry in the U.S. was valued at approximately $420 billion in 2020."

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Statistic 8

"Millennials represent more than 50% of home improvement spending."

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Statistic 9

"The home improvement market is expected to grow at a CAGR of 4.5% from 2020 to 2027."

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Statistic 10

"Homeowners spend an average of $7,560 on home improvement projects each year."

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Statistic 11

"The DIY segment accounts for nearly half of the home improvement market."

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Statistic 12

"Energy-efficient home improvements can reduce utility costs by up to 30%."

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Statistic 13

"The global home improvement market size is anticipated to reach USD 1,120.47 billion by 2025."

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Statistic 14

"70% of homeowners opt for professional contractors for significant renovations."

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Statistic 15

"45% of homeowners plan to renovate in the next five years."

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Statistic 16

"The pandemic led to a 58% increase in home improvement projects."

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Statistic 17

"Smart home technology installations are projected to grow by 20% annually."

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Statistic 18

"Wall paint and coatings constitute 30% of total home improvement sales."

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Statistic 19

"Home improvement retail sales in the U.S. grew by 12.2% in 2020."

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Statistic 20

"New homeowner improvements spending increases by 12% within the first year of purchase."

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