As per the research report titled ‘Europe Home Improvement Market Forecast 2027 By Project, By End-use, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe home improvement industry is projected to cross the valuation of USD 305 billion by 2027.

The evolving customer preferences for eco-friendly and sustainable materials for refurbishment projects, and the improvement in consumers buying power are boosting the development of Europe home improvement industry.

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Moreover, the outbreak of COVID-19 resulted in an increasing number of individuals working from home leading to a spike in demand for house remodeling. The necessity of having different setting within the home premises stimulated the market outlook.

Classifying the Europe home improvement market by project type, the segmentation includes DIFM and DIY. Among these, the DIY (do it yourself) sector is predicted to generate USD 117 billion by 2027, owing to rising labor cost which compels the individuals to do repair & maintenance duties themselves, as well as the youth's rising interest in crafts-based activities.

Based on the end-use, the market is bifurcated into disaster repairs, interior replacements, system upgrades, kitchen improvement & additions, property improvements, exterior replacements, bath improvement & additions, and other room additions & alterations. Herein, the kitchen improvements & additions segment share is anticipated to reach a valuation of USD 44 billion over 2021-2027, as an outcome of the immense popularity of the modular kitchens with more efficiency, creativity, and aesthetic appeal.

Simultaneously, the market share from the property improvements segment is predicted to expand at a CAGR of 5.5% through 2027, owing to the steady increase in home renovation projects for enhancing its artistic merit, sustainability, and technological upgradation.

Moving onto the regional spectrum, the United Kingdom market is estimated to gain significant returns during 2021-2027, because of upsurge in online sales, and rising popularity of online instructional videos and YouTube tutorials.

The topmost companies in Europe home improvement market include Kesko Corporation, Groupe ADEO, OBI Group Holding SE & Co. KGaA, DuPont Building Innovations, Dow Building Solutions, Bauhaus AG, ITM Entreprises SA, and EUROBAUSTOFF handelsgesellschaft mbH & Co. KG.