Irving, TX (PRWEB) May 25, 2012
Despite many challenges and pressures in the market, the environment for home improvement retailers is encouraging, and the global home improvement retail market is expected to reach an estimated $1,959 billion in 2017 with a CAGR of 3% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global home improvement retail industry and presents its findings in “Global Home Improvement Retail Industry 2012-2017: Trend, Profit and Forecast Analysis.”
The home improvement retail industry is a highly diversified sector and consists of furniture and home furnishings retail stores such as building materials, garden equipment, supplies dealers, floor coverings, window treatment, and other home furnishing stores.
The home improvement market holds immense potential as most of the countries are still not penetrated. Despite challenges, population growth, mall culture, urbanization, an increase in middle class population, and an increase in double income families are expected to drive growth to new horizons.
APAC depicts the best growth prospects for retailers in forth coming years with increasing population and consumer demand. Europe is a small market but with increase an in GDP there is growth potential.
This study provides an overview of the global home improvement retail industry. The report tracks market size for four geographic regions of this market, and is a segment of the global retail industry.
This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market’s potential. This report will save Lucintel clients hundreds of hours in personal research time on a global market and it offers significant benefits in expanding business opportunities throughout the global home improvement retail industry.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.