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Asia Pacific Remodeling Market

Asia Pacific Remodeling Market

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Asia Pacific Remodeling Market

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  1. Asia Pacific Remodeling Market Revenue to Exceed USD 1,604 Billion by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Asia Pacific remodeling market is witnessing accelerated growth owing to rising need to construct energy-efficient structures coupled with high number of aging infrastructures. This has further given rise to growing need to remodel or renovate these buildings. The market growth is also driven by the expanding construction sector due to the increasing investments and high expenditure needed for construction of new projects. Subsequently, the rising implementation of new and up-to-date technologies in construction is also presenting the sector with evolutionary opportunities. New technologies such as IoT (internet of things), smart materials, building, information modeling as well as other collaborative platforms are offering ample of growth opportunities for the APAC remodeling industry. Moreover, APAC is largely contributing towards the overall size of the construction market. The rising number of aging buildings across the region are playing a very important role in the growth of the remodeling businesses. The increasing demand for energy, developing economy and high population growth are further favoring the market growth. Favorable government initiatives to promote the use of renewable energy in line with increasing adoption of energy-saving approaches are fostering the remodeling industry size in APAC, which is expected to reach USD 1,604 billion in value by 2026. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “Asia Pacific Remodeling Market” along with the table of contents (ToC) @https://bit.ly/3eFCplc Get sample copy of this research report @ https://www.graphicalresearch.com/request/1674/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. The availability of a wide range of customizable designs for both commercial and residential structures is set to enhance the business landscape. Likewise, the strong demand by property owners for aesthetic designer interiors is adding up to the remodeling popularity. In fact, the residential construction across APAC is showing tremendous growth, which is driven by the aesthetic value necessitated by customers. Donnellan Constructions, Indian Mason, Renofix Building Group, Sumitomo Mitsui Construction Co., Ltd., Tokyu Construction, Aghapy Constructions Pty Ltd., International Construction Co., Housejoy, Easy Reno, Hometyme.in, and Toymoku Corporation among many others are some of the prominent remodeling product and service companies in the Asia Pacific market. In terms of end-user, the residential segment will witness a considerable growth on account of robust demand for aesthetically pleasing exteriors and interiors designs for residential buildings. The rise of new tech companies coupled with the implementation of up-to-date technologies in the construction remodeling sector will surge the remodeling demand, further augmenting the market growth. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. In the residential remodeling market, in 2019, interior addition & alterations segment accounted for around 41% market share and is expected to showcase a promising growth rate over the study time period. The segmental growth is attributed to the rising demand for aesthetic value in residential construction. Increase in the quantity of projects for renovation of bath & kitchen will further drive the demand for interior alterations. With respect to commercial remodeling market, the retail space renovation segment, in 2019, held the major share of around 44% and is anticipated to witness a respectable CAGR of around 4.5% up to 2026. The demand is primarily attributed to the renovation of restaurant and office spaces along across Asia Pacific. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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