Leading Home Improvement Product Sales

Home Improvement Category Leaders

Which products are leading sales in the consumer and professional markets?

Consumer home improvement product sales represent two-thirds of a rapidly growing overall market. Professional home improvement products sales — which make up just under a third of the overall market — have also experienced significant growth but are expected to slow in 2019.

The Home Improvement Research Institute’s (HIRI) Size of Market Study offers the most in-depth research on home improvement products dating back nearly three decades. As the home improvement industry’s only product-focused size of market study, this research includes five-year forecasts for the consumer and professional markets.

Study Highlights

  • Lumber and building materials have seen the most growth in the consumer market, contributing to the overall growth of 4.1% in the market from 2017 to 2018.
  • After reaching $274.8 billion in 2018, the consumer home improvement product industry is expected to grow at a rate of 5.3% in 2019 and continue to grow at an average rate of 3.5% through 2023.
  • In the professional market, home improvement product sales grew an impressive 11.1% from 2017 to 2018 but are expected to slow to an average growth rate of about 6% over the next five years.

Learn more about product forecasts and the home improvement industry’s economic outlook when you sign up to join HIRI. As a member, you’ll have unlimited access to this study and other in-depth, exclusive research as well as peer-to-peer networking, event registration discounts for the upcoming HIRI Insights Summit and other perks. JOIN NOW

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