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The global home improvement market is expected to reach $1207.80 billion by 2027, growing at a 4.5% CAGR from $887.53 billion in 2020. The rapid pace of urbanization, coupled with rising disposable income, is also expected to bolster the industry’s growth.
Because the demand for home improvement goods and services is increasing across all households, home improvement companies The Home Depot Inc. (NYSE:HD), Lowe’s Company, Inc. (LOW), and The Sherwin-Williams Company (NYSE:SHW) are expected to thrive this year and beyond. So, we think it could be wise to bet on these stocks now.
