2023-2027 Market Watch: Trends in Kitchen Remodeling Activities [INFOGRAPHIC]

Among con­sumers, many of the pri­ma­ry mar­kets per­tain­ing to kitchen remod­el­ing projects are expect­ed to have decline in 2023 and 2024, with growth rebound­ing in 2025 through 2027.

Pros are expect­ed to con­tribute to ongo­ing growth in the paint and paint sup­plies, floor­ing, and plumb­ing sup­plies mar­kets due to con­tin­ued mar­ket demand for repair and replace projects as home­own­ers update the aging hous­ing stock.

Here are fur­ther mar­ket trends to note:

Mem­bers have access to the full reports and raw data sets used to com­pile the infor­ma­tion in this info­graph­ic includ­ing the

1. U.S. Size of Home Improve­ment Prod­ucts Mar­ket — as of June 2023
2. Quar­ter­ly Home Improve­ment Activ­i­ty Track­er as of Q2 2023
3. Prod­uct Pur­chase Track­ing Study — Kitchen and Bath Cat­e­gories — as of 2022
4. Prod­uct Pur­chase Track­ing Study — Plumb­ing Cat­e­gories — as of 2022
5. Prod­uct Pur­chase Track­ing Study — Paint & Sun­dries — as of 2022
6. Prod­uct Pur­chase Track­ing Study — Major House­hold Appli­ances — as of 2022
7. Prod­uct Deci­sion Study — Kitchen Remod­el — as of 2021
   
   

HIRI mem­bers gain access to the raw data behind info­graph­ics like this one, to slice-and-dice the raw data to suit the needs of their own cus­tomer insights teams and answer cross-depart­­­men­­­tal ques­tions about how to take home improve­ment prod­ucts to market.

Join the ranks of the top man­u­fac­tur­ers and retail­ers in the home improve­ment space. Book your mem­ber­ship con­sul­ta­tion to learn more about what kinds of mem­ber-exclu­­­sive infor­ma­tion your team would have access to.