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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 | Apr 2017

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

IBISWorld’s Remodeling market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • Rising residential construction activity and growth in disposable income will drive demand
  • Remodelers have been in high demand for those trying to flip homes
  • The industry’s primary market will grow as homeownership rises
  • ... purchase to read more

Industry Analysis & Industry Trends

Over the five years to 2017, the Remodeling industry has continued its upward trend, as several factors have encouraged consumers to increase spending on home improvements. Over the five years to 2022, industry recovery will be driven by improvements in employment and per capita disposable income. Additionally, housing prices are expected to continue rising, bolstering demand for industry services. Despite tightening monetary policy, interest rates are expected to grow slowly. As a result, the homeownership rate is anticipated to only slightly decrease over the five years to 2022. Consequently, industry revenue is forecast to increase, albeit at a slightly slower rate than during the previous five-year period... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Remodeling industry has a low level of concentration. The top three largest operators account for less than 5.0% of industry revenue in 2017. Only 0.1% of operators employ more than 100 workers; most industry operators are smaller operators that specialize in specific regions or industries; 83.1% of enterprises have fewer than five employees.

Over the five years to 2017, many operators re-entered the industry due to the strong rebound in the housing market. Early in the time period, homeowners either postponed remodeling projects or participated in do-it-yourself (DIY) projects, reducing demand for industry services. Since smaller players are typically most sensitive to changes in demand, they were the first to exit when operating conditions suffered. Add.. ... purchase to read more

Additional Insights for the Remodeling Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Remodeling Industry are

  • Having a high prior success rate (including completed prior contracts)
  • Access to multiskilled and flexible workforce
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Private spending on home improvements and House price index in the Remodeling industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Remodeling Industry?

    Operators in this industry remodel and renovate the interior and exteriors 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 companies and remodeling project construction management companies. 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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Private spending on home improvements
  • House price index
  • Households earning more than $100,000
  • Homeownership rate
  • Prime rate
  • Current Performance
  • Demand constraints
  • Market rebound
  • Industry structure
  • Chart: Revenue Growth
  • Industry Outlook
  • Growth prospects
  • Price competition eases
  • Innovation and trends
  • Table: Remodeling Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Remodeling Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Apartment Rental
  • Educational Services
  • Public Administration
  • Consumers
  • Key Selling Industries
  • Cement Manufacturing
  • Clay Brick & Product Manufacturing
  • Construction
  • Lumber Wholesaling
  • Ready-Mix Concrete Manufacturing
  • Roofing, Siding & Insulation Wholesaling
  • Sawmills & Wood Production
  • Stone, Concrete & Clay Wholesaling
  • Products & Services
  • Outside additions
  • Systems and equipment
  • Room additions and other interior alterations
  • Other
  • Kitchen remodeling
  • Bathroom remodeling
  • Disaster repairs
  • Chart: Remodeling Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Single family houses (detached)
  • Apartment buildings
  • Single family houses (attached)
  • Other
  • Stores, restaurants other commercial buildings
  • Office buildings
  • Hotels, motels, and tourist cabins
  • Chart: Major Market Segmentation for the Remodeling Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Remodeling
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Remodeling Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Remodeling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Remodeling Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private spending on home improvements (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    General Contractor
  • An individual or company that manages the construction of a building or structure for a property owner or developer. A GC may retain its own labor force or use subcontractors for projects.
  • Green Remodeling
  • Remodeling which increases a home's energy efficiency as well as reduces a building's impact on human health and the environment, through better design, construction, operation and maintenance.
  • Gypsum Wallboard
  • Also known as drywall, it is a panel used in interior construction to form a wall or ceiling.
  • Weatherization Assistance Program
  • Federal program to enable low-income families to reduce energy expenses by funding remodeling or repair projects to improve a home's energy efficiency

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Remodeling:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Remodeling market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Remodeling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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