Hardware Retailing The Industry's Source for Insights and Information
The Home Improvement Research Institute (HIRI) U.S. Size of the Home Improvement Market Report is a monthly benchmark for how the industry is faring. See four fast facts from the study:
Consumer Spending Drives the Market
The home improvement market is expected to reach $688 billion by 2029, with the market mainly driven by consumers.
Growth Comes From Disposable Income
Real disposable income per household increased by approximately 2.7% in 2024, with a more modest 1.6% increase projected for 2025 and slightly higher growth in disposable income projected from 2026 to 2029.
Growth Exceeds Expectations
In 2026, the consumer segment of the home improvement market is forecasted to grow by 3.9%, outpacing the professional segment, which is projected to grow by 2.7%.
Looking Ahead
The home improvement market grew 3.7% in 2024 and is projected to grow 3.4% in 2025, despite economic uncertainties.
