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This question is about home improvement industry statistics.
How big is the home improvement industry?
The global home improvement industry is worth $763 billion, and the U.S. home improvement industry is worth $537.9 billion. These numbers are from 2020 and 2021, respectively, so they can't be directly compared, but it is still clear that the U.S. home improvement industry is a significant player in the global industry.
Worldwide, the home improvement industry is expected to see a CAGR of 4% from 2020 to 2027, which would result in a value of more than $1 trillion by 2027.
In the U.S., the home improvement market has seen a steady growth from 2009 on, but its value jumped dramatically by over $90 billion from 2019 to 2020. This took it from a value of $406.6 billion in 2019 to $497.1 billion in 2020.
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