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Millennials’ Interest in Integrated Technology for Homes to Push Market
Vendors operating in the global home improvement spending market could take advantage of the increase in home repair and renovation activities supported by the elevation in purchase power of homeowners in emerging and developed countries. While millennials are focusing on personalization and integrated technology in today’s homes, baby boomers are more interested in accessibility and other home upgrades. This could lay a robust platform for the growth of the global home improvement spending market.
The global home improvement spending market is anticipated to testify a surge in growth as the growing millennial generation shapes its future. However, slower homeownership and house remodeling rates shown by younger households could take their toll on the global home improvement spending market. Nevertheless, baby boomers are predicted to save the ship for the global home improvement spending market as they continue to invest in home upgrades. On the whole, the global home improvement spending market is expected to enjoy a bright future.
FactMR's study on Market is comprehensive - 170 pages, 185 tables, and 69 figures - https://www.factmr.com/report/242/home-improvement-spending-market
About the Report
This report is a comprehensive assessment of the global home improvement spending market that takes into account all possible factors affecting growth both in the negative and positive manner. Readers are expected to gain solid knowledge about the global home improvement spending market and how it could shape during the forecast period 2017-2022. The report offers detailed analysis of key regions of the global home improvement spending market and their contribution in terms of growth and demand. It also sheds light on the nature of the vendor landscape and how different players are performing in the global home improvement spending market.
Home improvement spending involves the process of making intelligent investments in house renovation or refurbishment. Most homeowners may want to take advice from house remodelers and home upgrade specialists before committing to home improvement spending. However, some homeowners could rely on DIY activities for home improvement. There are some professional home remodelers that educate homeowners on renovation activities and how to take informed decisions on home improvement spending.
Additional Questions Answered
The authors of the report answer critical questions about the global home improvement spending market, including the following ones:
- Which distribution channel will contribute the most to the global home improvement spending market?
- Which product will stay dominant in the global home improvement spending market in terms of revenue growth?
- How will Europe take a leading position in the global home improvement spending market?
- What will be the dynamics of the global home improvement spending market?
The global home improvement spending market marks the presence of leading players such as Masco Corporation, Kohler Co. Inc., Hitachi Ltd., BASF SE, and Robert Bosch GmbH.
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