Home Improvement

COVID-19 had a significant adverse impact on home improvement during 2020 as restrictions on movement temporarily halted professional renovation and redecoration projects. Even after the measures were eased, some local consumers remained reluctant to…

Given interest rate hikes and inflationary pressures, Malaysians became increasingly cost-conscious in 2022. Nevertheless, the increased appetite among Malaysians to renovate their homes was still prevalent, often spiking during festivities, as…

The post-pandemic era has seen booming demand for home paint as the experiences of social distancing, home seclusion and, in particular, working from home at the peak of the pandemic during 2020 has led many Indonesians to the conclusion that they…

Although wallpaper continued to record positive growth in 2022, growth at constant 2022 prices slowed compared to a year earlier and sales were still below pre-pandemic levels, given the size of the decline seen in 2020. The inflation rates in the…

Home improvement in South Korea saw marginal current value growth in 2022 compared with the previous year, despite falling value sales at constant 2022 prices. Nevertheless, sales remained higher than the pre-pandemic (2019) level by both measures.…

In 2022, home improvement saw a second year of decline in both current value terms and in value terms at constant 2022 prices. Nevertheless, sales remained higher by both measures compared with the pre-pandemic period in 2019, owing to the increased…

Home improvement was characterised by a growing demand for more sustainable, low-maintenance options in 2023. Of particular note was the ongoing decline in sales of carpets (in constant value terms), thanks to a growing consumer awareness of the…

As many local consumers spent a prolonged amount of time in their homes during the pandemic, including 2022, it created greater demand for products that could create a comfortable and cosy environment. Carpets provide a soft and warm surface to walk…

Within home improvement, home paint witnessed growth in current value terms in India during the pandemic and into 2022. As COVID-19 led people to spend more time at home, they began to notice the need for home repairs and renovation. This resulted in…

Current value sales of home improvement in Hong Kong declined in 2022, driven largely by the poor performance of the housing market. Transactions regarding both new constructions and existing homes were down in 2022, drastically reducing the number…

Overall, home improvement recorded a notable slowdown in current value growth in 2022 compared to the previous year. This was because many local consumers had mostly completed their home improvement projects during the pandemic. This mainly refers to…