As cited by the business intelligence report titled ‘North America Remodeling Market Size, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, North America remodeling market is expected to register a healthy growth rate over 2020-2026, subsequently exceeding a valuation of USD 1,013 billion mark by the end of the forecast period.
 

According to industry experts, escalating demand for energy-efficient systems coupled with increasing integration of IoT (internet of things) technologies in various constructions are augmenting North America remodeling market size.
 

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Additionally, rising trend of remodeling and redeveloping old building constructions, rapid urbanization, and favorable government initiatives aimed at promoting energy saving solutions are adding considerable traction to the industry expansion.
 

Speaking of latest developments, imposition of stringent lockdown measures by governments amid the Covid-19 pandemic have led to shutdown of major construction projects and restricted movement of goods, consequently plummeting North America remodeling market remuneration.
 

With regards to end-user terrain, among commercial and residential, the latter segment is expected to emerge as a major growth avenue for the market during the analysis timeframe. Surging demand for aesthetically appealing interiors as well as exteriors in residential establishments, along with rapid urbanization are accelerating the segmental expansion.
 

Moving on to regional scope, the U.S. captured 80% of North America remodeling market share in 2019 and is touted to grow tremendously through 2026. The regional market growth can largely be attributed to high concentration of prominent remodeling service providers and growing urban population in the nation.
 

Elaborating on the competitive landscape, Power Home Remodeling Group, Masco Corp., Owens Construction, Inc., The Sherwin-Williams Co., Case Design/Remodeling, Inc., Rockwool International A/S, Pella Corp., Dow Building Solutions, Dreamstyle Remodeling, Inc., Ferguson Enterprises, LLC, Lutron Electronics Co., Kohler Co., Harvey Industries, Inc., Neil Kelly, Inc., Henkel Construction Co., Statewide Remodeling, Inc., Steves & Sons, Inc., American Exteriors, LLC, Robert Bowden, Inc., The Home Depot, Inc., Andersen Corp., Jeld-Wen, Inc., and Builders FirstSource, Inc. are the top companies influencing North America remodeling market trends.