Home Improvement Industry Stats and Trends
House Doctors Is a Franchise Growing in Demand
House Doctors is part of the thriving home improvement franchise industry. As the demand for quality home improvement services continues to rise, so does the potential for growth and success in this market.
Our home improvement franchise helps entrepreneurs tap into this booming industry and turn their passion for renovation, repair, and maintenance into a profitable business venture. Our owners aren't swinging hammers or cutting wood themselves—they're using their business, management, and communication skills to lead the team that does.
How Big Is the Home Improvement Industry?
The home improvement industry encompasses various products and services tailored to enhance or maintain residential spaces. This includes retail sales and professional services that bring homeowners' visions to life.
The industry has experienced remarkable growth in recent years, reflecting its essential role in modern living. Worth $522.25 billion in 2023, the U.S. home improvement market is expected to grow steadily and hit $615.58 billion by 2029, with an annual growth rate of 2.78%.
This consistent growth illustrates a robust market driven by homeowners seeking long-lasting home value, improved functionality, and enhanced aesthetics in their living spaces.
It's an industry worth investing in. To get started, request more information about our home improvement franchise opportunity!
-
Dedicated Support TeamWith tailored support and hands-on training, you’ll never be alone.
-
Quality Handyman ServiceEnsure your community’s projects are done right—and they keep coming back!
-
The Right Tools for the JobOur tried-and-true business systems help you run a better business.
-
Deliver Unmatched ResultsWe tackle to-do lists and make customers happy—do the same for your neighbors.
Other Industries House Doctors Taps Into
Within the home improvement industry, there are niche markets that our franchise owners can specialize in. Some of these include:
- Handyman Services: At our core, we offer handyman services. The handyman service market in the U.S. is currently valued at $273 billion and is projected to continue to grow year after year. This market targets both residential consumers and commercial clients.
- Remodeling: A big part of home improvement services focuses on remodeling. Homeowners update their spaces for functionality or resale value, relying on professional contractors to make it happen. The remodeling industry is valued at $120 billion and continues to grow.
With the added growth of other industries, such as aging-in-place, smart home technology, energy-efficient upgrades, and more, the potential for success in the home improvement industry is endless.