News | Home improvement product spend

Back

USA: 13 per cent growth in 2020 and 2021

The home improvement product spend in the USA reached USD 456.364 bn (EUR 393.475 bn) in 2020. Source: Home Improvement Research Institute (Hiri)

The home improvement product spend in the USA reached USD 456.364 bn (EUR 393.475 bn) in 2020. Source: Home Improvement Research Institute (Hiri)

Last year, Americans spent USD 456.364 bn (EUR 393.475 bn) on home improvement products, 13.3 per cent more than in 2019. For the current year also, the Home Improvement Research Institute (Hiri) expects another increase of 13.0 per cent. The growth in 2020 was spurred in particular by the DIY home project activity of consumers; in 2021, however, the surge has been led by professional contractors. Growth in the home improvement product spend of trade customers has risen this year by 18.2 per cent, as compared with 10.8 per cent for consumers.

According to Hiri, overall growth in the current year is unusually uniform across all regions of the USA, with growth rates all between 12.1 and 13.9 per cent. As a comparison, the spread between 2016 and 2020 was 5.8 to 8.2 per cent.

|29 October 2021 | 12:03


Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

The pandemic has turned the French into better DIYers

Due to the pandemic, living and the home have become more important to the French. In the past two years, they have taken on more improvement View news...

“I just love trade fairs”: John Herbert talks with Gerald Böse

The fact that the international home improvement and gardening industry hopes to be able to visit trade fairs again next year was made clear once View news...

How do I get on page 1 of the Amazon search?

How to work successfully as a supplier with the data-driven business model of e-commerce market leader Amazon was the subject of another online View news...

German home improvement sales in 2021 significantly short of previous year

This year, home improvement stores in Germany are set to experience a 9.1 per cent downturn in sales compared with the record year of 2020. This View news...