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Remodeling in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Remodeling Market Research Report | NAICS 23611d | Jan 2015

Touched up: Housing market growth will provide a boost to industry demand

IBISWorld’s Remodeling market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$50bn
Annual Growth 10-15
3.5%
Annual Growth 15-20
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Profit
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Employment
766,708
Businesses
95,797
Industry Analysis & Industry Trends

The Remodeling industry's foundation shook as the housing bubble burst, with several factors contributing to discourage consumers from spending on home improvements. During the five years to 2019, industry recovery will be driven by improvements in employment and per capita disposable income. Home prices are expected to continue rising, facilitating growth in demand for industry services because homeowners often leverage the value of their homes through loans to fund remodeling projects... purchase to read more

Industry Report - Starting a New Business Chapter

Few barriers to entry exist in the industry other than the need to obtain state-based licenses and registration. The capital equipment requirements for this industry are rudimentary and formal skill requirements are seldom enforceable. Therefore, the barriers to new entrants are generally low.

In addition, in 2008, the Environmental Protection Agency (EPA) enacted the Renovation, Repair and Painting Rule. According to this legislation, remodelers working on pre-1978 homes with lead-based paint must be certified by the EPA and use EPA-trained and certified renovators. This is to reduce the risk of harmful debris caused by remodeling activities such as sanding and demolition... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Remodeling Industry?

Operators in this industry remodel and renovate the interiors and exterior of residential buildings (i.e. single-family homes and multifamily apartment building units). Remodeling includes additions, alterations, reconstruction, maintenance and repair work. This industry is composed of general contractors, operative remodelers, remodeling design-build firms and remodeling project construction management firms. This industry does not include commercial remodeling.

Industry Products
Kitchen remodelingBathroom remodelingRoom additions and other interior alterationsOutside additionsSystems and equipmentDisaster repairs
 
Industry Activities
Residential additions, alterations and renovations Construction management for residential remodelingFire and flood restorationHome improvementPorch constructionSunroom additionsKitchen and bathroom upgradesOther remodeling projects


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