North America Building Repair and Renovation Service Market was valued at USD 45 Billion in 2022 and is projected to reach USD 60 Billion by 2030, growing at a CAGR of 3.7% from 2024 to 2030.
The North American building repair and renovation service market is experiencing significant growth, driven by the rising demand for property upgrades, repairs, and modernizations across both residential and commercial sectors. With an increasing number of aging buildings, the market is seeing a surge in the need for building renovation services to maintain structural integrity, improve aesthetic appeal, and incorporate new technologies. The demand for renovation services spans various industries, including residential properties, commercial real estate, hospitality, and retail spaces.
The construction industry in North America has been under pressure to meet high standards for energy efficiency, sustainability, and compliance with modern building codes. This has led to the growing need for specialized services in building repair and renovation. For example, energy-efficient installations, eco-friendly building materials, and smart technologies are in demand. Industry players are adapting by incorporating these innovations into their renovation offerings, ensuring that buildings are not only visually upgraded but also environmentally sustainable.
Increased demand for eco-friendly and energy-efficient renovations
Focus on modernizing aging infrastructure to enhance safety and efficiency
Growth in commercial property renovation due to evolving business needs
Rising interest in smart technologies, such as automation and energy-saving systems
Furthermore, a strong emphasis on safety and compliance with local codes is driving the renovation market. With stringent safety regulations and increasing concerns about environmental impact, both residential and commercial property owners are seeking professional renovation services to bring their buildings up to current standards. The integration of technology in construction, such as the use of augmented reality (AR) in project planning and execution, is also becoming more prevalent.
The North America Building Repair and Renovation Service Market is set to continue expanding, with demand coming from various sectors aiming to improve their properties and meet modern standards.
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Advon Corporation
Kashiwabara Corporation
Coakley Realty
Nippon Air Conditioning Services
Renovation Home
Empower Works
CAMPI'S Building Group
Hoover Building Specialists
Scenic Ridge
Class A Service
Total Renovation Services
RoofCare
Photos Credit of Kashiwaya Or
My Repairbuild
F&R Builders
John Williams & Company
Shakespeare Home Renovation Services
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Building Repair and Renovation Service Market
Residential
Commercial Building
Based on Types the Market is categorized into Below types that held the largest Building Repair and Renovation Service market share In 2023.
Interior Maintenance and Renovation
Outdoor Maintenance and Renovation
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Building Repair and Renovation Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Building Repair and Renovation Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Building Repair and Renovation Service Market, By Type
6. North America Building Repair and Renovation Service Market, By Application
7. North America Building Repair and Renovation Service Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Building Repair and Renovation Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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