Escalating repairing and renovation demand for bathroom and kitchen might positively impact the industry growth. As home prices are continuously rising, the demand for industry service is also expected to rise. House owners are likely to leverage their house remodelling projects through loans. Introduction of online home services are expected to boost the industry over the next few years. For instance, the major companies such as Porch, Amazon home services, Zillow and Pro.com offers online remodeling services. Home remodelling is usually done to fulfil various purposes such as comfort upgrades, repair, home additions, safety and Interior design for added beauty.
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Global remodeling market data encapsulates various professionals for getting work done successfully. It includes the general contractor, the designer, the architect and the design or build contractor. General contractors are the ideal choice for the remodelling or home improvement projects that do not require any professional design. These kinds of projects are best handled by the remodelling contractors. The companies are expected to offer better quality in designs and in construction work as well. They carry out the project keeping engineering, design and budget in mind. Factors such as volatile business cycles, difficulty attracting capital and low barriers to entry might pose challenges in attaining scale economies in the industry.
Architects are mainly consulted for the major projects that require construction drawings for procuring permits as well as defining the contract. Since remodelling projects are likely to present various challenges, it is preferred to work with an architect. The substitute of an architect for obtaining the drawings is a certified or a licensed designer. They usually own expertise in particular areas such as interiors, kitchens, space design and baths among others. These factors are likely to establish a superior alternative for specific remodelling projects. Design or build contractor are the ultimate choice for the home owners who prefer to hire only one firm for both designing as well as construction work.
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Remodeling furnishes with numerous advantages such as improvising home storage, decrease clutter and generating an energy efficient home. Bigger homes are likely to add extra cabinets and storage spaces to avoid clutter in the living area. For instance, customers are utilizing bathroom in order to place dryers and washers which results in reducing the usage space. Ample storage space facilitates in clearing off the counter tops and thus allows better management of the stuff. According to Environmental Protection Agency (EPA), a bathroom equipped with energy efficient fixtures is estimated to save significant benefits on energy conservation. In addition, it also helps in increasing the value of the house.
This latest Remodeling Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Remodeling industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Remodeling Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” in detail along with the table of contents:
Key Insights in this Report
- Global Remodeling Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Remodeling Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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