European Home Improvement Market size is predicted to surpass USD 305 billion by 2027, according to a latest forecast report by Graphical Research. The rapidly evolving consumer preferences for DIY projects are expected to drive the market growth.
Europe held a share of around 30% in the global home improvement industry in 2020. The growing preference for environmental-friendly products and growing young population who are becoming environment conscious along with supportive government policies will drive the market revenue. The younger generation is spending heavily on property improvement and focusing on improving the aesthetic appeal of homes. The growing options to customize home improvement projects that can better suit the changing lifestyles will further generate opportunities for industry growth. The generation constantly focusing on improving the living spaces in more economical & sustainable ways will create more opportunities for the industry growth. Moreover, the ageing housing & infrastructure issues are growing in the European region, which require time to time maintenance and upgrades, propelling the market expansion.
The COVID-19 pandemic had a negative impact on industry growth due to supply chain disruptions and production halts across the European region. However, the market has started to stabilize and the demand for home improvement has started picking up due to the easing of restrictions & lifting of lockdowns, positively impacting the market size.
Browse detailed statistical insights from the report, “Europe Home Improvement Market Forecast 2027 By Project (DIY, DIFM), By End-use (Kitchen Improvement & Additions, Bath Improvement & Additions, System Upgrades, Exterior Replacements, Interior Replacements, Property Improvements, Disaster Repairs, Other Room Additions & Alterations), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The (Do-It-For-Me) DIFM projects segment will witness over 4.6% CAGR between 2021 and 2027. DIFM projects help customers to navigate through the projects as per their requirements, which are worked on by various professionals who have a certain level of expertise that is difficult to match when the projects are done by homeowners themselves. Moreover, the complex designs & patterns desired by homeowners can easily be completed by DIFM projects.
The kitchen improvements & additions segment to exceed USD 44 billion by 2027. Various customers are focusing on developing new & more efficient kitchens that are not only limited to cooking but also for recreational activities. The demand for modular kitchens is also growing owing to its aesthetic appeal. Developing and renovating kitchens that are more sustainable and eco-friendlier will create more opportunities for the market.
Countries including Germany, the UK, and France are taking the lead on developing more sustainable solutions for home improvement. This can be in material selection or working on efficient design and managing spaces efficiently. The growing home improvement on account of the ageing residential infrastructure is expected to drive the market outlook.
The home improvement in European market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2016 to 2027 for the following segments:
Europe Market, By Project
Europe Market, By End-use
- Kitchen improvement & additions
- Bath improvement & additions
- System upgrades
- Exterior replacements
- Interior replacements
- Property improvements
- Disaster repairs
- Other room additions & alterations
The above information has been provided for the following countries: