DIY Home Renovation Apps Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

DIY Home Renovation Apps Industry Prospective:

The global DIY home renovation apps market size was worth around USD 364.30 billion in 2023 and is predicted to grow to around USD 643.19 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.52% between 2024 and 2032.

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DIY Home Renovation Apps Market: Overview

Do-it-yourself (DIY) home renovation applications are digital tools designed to assist individuals in home renovation activities without relying on professional designers. These applications provide extensive home renovation solutions to people interested in designing their living spaces on their own. The growing DIY trend across the world is one of the leading growth propellers for the industry.

However, the applications can also be used by professional interior decorators for project purposes. The main features of DIY home renovation applications include options to make measurements related to housing decor.

Additionally, accurate floor plans can be drafted with exact measurements along with several ideas on the exact layout of the floor. One of the key attributes of do-it-yourself home remodeling applications is the option to digitally visualize several aspects of home decor before making a final decision.

The demand for DIY home renovation apps is expected to register significant growth over the forecast period due to increased home remodeling expenditure across the globe. However, competition from traditional forms of home renovation may impact market growth trends.

Key Insights:

• As per the analysis shared by our research analyst, the global DIY home renovation apps market is estimated to grow annually at a CAGR of around 6.52% over the forecast period (2024-2032)
• In terms of revenue, the global DIY home renovation apps market size was valued at around USD 364.30 billion in 2023 and is projected to reach USD 643.19 billion by 2032.
• The DIY home renovation apps market is projected to grow at a significant rate due to the rising investments in home remodeling events.
• Based on the end-user, the professional designers segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the product type, the design & visualization applications segment is anticipated to command the largest market share
• Based on region, Europe is projected to dominate the global market during the forecast period.

DIY Home Renovation Apps Market: Growth Drivers

Rising investments in home remodeling events will drive the market demand rate

The global DIY home renovation apps market is expected to grow due to rising home remodeling investments across the globe. After COVID-19, several official statistics indicate that the total expenses associated with home renovation activities worldwide have registered a sharp rise. One of the key driving factors is the evolving needs of modern homeowners. For instance, the growing work-from-home culture has influenced several employees around the world to create a dedicated working space.

Additionally, a large portion of the working population is investing in personal gyms curated by remodeling a certain segment of the available space in the house itself. Urbanization has led to a migration of people from rural areas to urban cities due to better living conditions or job & education opportunities. This, in turn, has influenced the demand for rental housing spaces, especially among affordable housing groups. In such cases, residents tend to invest in home renovation using DIY techniques since it is economically viable and allows the users to use their creativity.

Increasing the use  of consumer electronics and digital solutions will facilitate the market adoption rate

In the last decade, consumer electronic companies have registered record sales. According to market research, Samsung, one of the leading producers of affordable and high-end phones, sold more than 257 million phones in 2022. Similarly, other consumer electronic companies have found demand among a growing consumer base.

As per official statistics, more than 70% of Americans within the age bracket of 18 to 30 years regularly use lapping. Digital literacy has grown rapidly over the last few years. In addition, access to affordable internet, along with investment in 5G connectivity, is likely to promote the demand for products available in the global DIY home renovation apps market.

DIY Home Renovation Apps Market: Restraints

Competition from traditional forms of home renovation will limit the industry’s expansion rate

The global industry for DIY home renovation apps is expected to be restricted by the technical limitations of the solutions. For instance, DIY apps may be unable to meet consumer expectations due to the use of outdated images or suggestions.

Moreover, professional interior decorators and designers are more creative and can customize the project deliverables as per customer’s preference while suggesting novel ideas. However, measurements taken through DIY home renovation apps have been reported to be inaccurate in certain cases, thus limiting product adoption rates.

DIY Home Renovation Apps Market: Opportunities

Integration of Artificial Intelligence (AI) and other cutting-edge technologies with applications will generate growth opportunities

The global DIY home renovation apps market is expected to generate growth opportunities due to the rising integration of AI with the applications. In September 2024, Remodel AI, a leading contributor to the industry for DIY home renovation digital solutions, announced the extension of its product portfolio with the launch of Paint AI - Color Visualization. It is a cutting-edge digital tool that is designed to change the process of color selection for exterior as well as interior spaces.

The company is targeting professionals as well as DIY enthusiasts with the introduction of Paint AI, which leverages Artificial Intelligence to deliver an immersive and intuitive way of color visualization. In October 2023, a new DIY home renovation application called Abe launched in the commercial market.

Furthermore, the increasing innovation in the field of Augmented Reality (AR) and its implementation in improving consumer experience with DIY home renovation apps will also be critical to determining the industry growth rate in the coming years.

DIY Home Renovation Apps Market: Challenges

Cost limitations of paid versions to challenge market expansion trajectory

The most significant challenge faced by the global DIY home renovation apps industry players is the cost-related barrier. The current volatility surrounding the global economy may restrict the use of paid versions of most tools. The expenses associated with the use of 3D and AR technology provided by home renovation apps are considerably high. The intensifying competition in the industry further inhibits the market’s growth trajectory.

DIY Home Renovation Apps Market: Segmentation

The global DIY home renovation apps market is segmented based on end-user, product type, and region.

Based on the end-user, the global market segments are professional designers & DIY enthusiasts. In 2023, the highest growth was witnessed in the professional designers segment. The primary reason for higher segmental growth is the use of paid versions by professionals in the field of home renovation.

Most applications offer subscription-based models that allow access to advanced features such as 3D modeling, improved measurement accuracy, and AI integration for improved results. For instance, the Ultimate Plan of Population app Houzz Pro is currently close to USD 400 per month.

Based on the product type, the DIY home renovation apps industry segments are project management & planning applications, measurement & estimation applications, and design & visualization applications.

In 2023, the design & visualization applications segment generated the highest revenue. DIY enthusiasts use the tool for visualizing color patterns and change their preferences depending on what best suits their requirements. These features allow users to make informed decisions before making any financial investment. According to official data, Houzz is currently used by more than 64.9 million users every month.

DIY Home Renovation Apps Market: Report Scope

DIY Home Renovation Apps Market: Regional Analysis

Europe is expected to drive the market demand rate during the projection period

The global DIY home renovation apps market is expected to be led by Europe during the projection period. The growing number of DIY enthusiasts and rising home redevelopment projects will be crucial for the market players in Europe over the projection duration.

Most homes in European territories date back multiple decades. The changing resident requirements from housing facilities are fueling the demand for home remodeling. Moreover, the rising investments in the regional real-estate sector due to a surge in international and domestic tourism are further impacting the use of DIY home renovation apps in Europe.

North America will emerge as the second-highest revenue generator in the DIY home renovation apps industry, fueled by the presence of key players in regions such as the US and Canada.

For instance, Houzz, a leading contributor to regional revenue, is located in the US. The application has millions of users, including professionals and homeowners, leveraging the tool for important decisions related to home renovation.

Moreover, the ongoing investments in advancing AI, AR, and other cutting-edge technologies, along with their end-user applications, will fuel regional market growth trends during the forecast period.

DIY Home Renovation Apps Market: Competitive Analysis

The global DIY home renovation apps market is led by players like:

• Homestyler
• Home Depot
• Build.com
• Houzz
• RoomScan Pro
• Magicplan
• TapPainter
• Thumbtack
• IKEA Place
• Smith Home Remodel
• Lowe's
• Wayfair
• Planner 5D
• Wikihow
• Roomle

The global DIY home renovation apps market is segmented as follows:

 By End-User

•  Professional Designers
•  DIY Enthusiasts

 By Product Type

•  Project Management & Planning Applications
•  Measurement & Estimation Applications
•  Design & Visualization Applications

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa