Posted on September 21, 2020 by iwano@_84
The MarketWatch News Department was not involved in the creation of this content.
Sep 08, 2020 (AB Digital via COMTEX) —
Home Improvement Market is valued at USD 819.53 Billion in 2018 and expected to reach USD 1137.57 Billion by 2025 with the CAGR of 4.8% over the forecast period.
Increasing development of the construction industry, increasing population, reducing living space, adoption of innovative interior & exterior like garden, smart kitchens etc. are some key impacting factors deriving the growth of the global DIY home improvement market.
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DIY home improvement is a service refers to building projects that alter the structure of an existing home. It is used in renovation including improvements to lawns, gardens and outdoor structures such as gazebos and garages. It also incorporates maintenance, repair and general servicing tasks. End use of DIY home improvement is in residential and nonresidential buildings. Do-It-Yourself