Europe Remodeling Market to hit $1,702 Bn By 2026

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Europe Remodeling Market to hit 1,702 Bn By
2026 Graphical Research
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Europe Remodeling Market Size is to exceed 1,702
Bn by 2026. The growing need for energy-efficient
buildings, rising adoption of IoT in the sector,
and growing concerns over energy in urban
regions, to drive the European remodeling market
size. The growing need to remodel aging
buildings majorly to improve energy efficiency is
a key trend that can be observed in Europe in
recent years. To build energy-efficient
buildings, the measures that are taken into
consideration include thermal insulation for
roofs, walls, ad floors, which is utilized both
in residential and commercial construction
sectors. Moreover, with Europe being a pioneer in
the initiatives for renewable energy sources and
energy-saving methods, the growing participation
of government authorities is acting as a major
driving force to increase the Europe remodeling
market size. Furthermore, integration of the
construction sector with digitalization is
embracing it with transformative technologies,
such as the internet of things (IoT), smart
materials, building information modeling (BIM),
data, and collaborative platforms apps in order
to build affordable, energy-efficient, and
sustainable infrastructure. Government
restrictions severely affected the supply chain
and major construction projects had to observe a
period of shutdown. The imposed restraint on the
movement of goods in the region had a huge toll
on the European market in 2020. The market
players operating in the region observed a period
of decreased growth as the construction sector
witnessed a major dip in the first quarter of
2020. However, upon relaxation on lockdown, the
market is expected to revive in the region. The
growing recovery trend in the construction
industry is significantly contributing to the
revenue generation of the Europe Remodeling
market.  
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Among the end-user segments, the residential
sector is estimated to show the maximum growth
potential and capability to revive its previous
growth trend. Aesthetically appealing exteriors
and interiors coupled with the adoption of smart
technologies to improve energy efficiency in
residential buildings will propel the market size
during the forecast period. The growth is further
fueled by European construction tech startups
that are allowing homeowners to build their homes
based on various algorithms provided by
them.   Based on the commercial segment, in 2019,
the German remodeling market held the largest
share among all countries. The growth is
attributable to the existence of a massive urban
population and new remodeling companies emerging
in the country along with the presence of already
existing major players.   Some of the key
manufacturers involved in the Europe Remodeling
market include House Renovation London, APT
Renovation Ltd., Walker Construction (UK) Ltd.,
BollingerGrohmann GmbH, Sherwin-Williams
Company, Dow Building Solutions, Brymor Group,
Kier Group plc, Vinci Construction, Renosud, and
Glen Malton.  
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• Segmentation of Europe Remodeling Market
• Europe Remodeling Market, By End-use
• Commercial
• Retail space renovation
• Office space renovation
• Hotel remodeling
• Snow removal
• Residential
• Exterior addition and alterations
• Interior addition alterations
• Others
• The above information is available for the
  following countries
• Europe
• Germany
• UK

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