Home improvement looks set to see total current value sales rise at robust rates throughout the forecast period. Overall demand is anticipated to remain strong thanks to steady growth in residential construction activity and the willingness of consumers to renovate existing dwellings as they spend more time at home due to changing lifestyle and working habits.
The increasing embrace of various digital technologies by manufacturers, specialist retailers and consumers will continue to have a positive influence on the performance of home improvement over the forecast period. For example, planning and visualisation tools that incorporate AI and AR can give homeowners greater confidence about undertaking renovation projects and provide them with design ideas tailored to their specific needs and preferences.
Increasing concerns about environmental issues in Taiwan will continue to boost sales of home improvement products with stronger sustainability credentials over the forecast period. For instance, low-VOC and formaldehyde-free options look set to become more popular and widely available in home paint.
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Understand the latest market trends and future growth opportunities for the Home Improvement industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Improvement industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Improvement
Includes: products purchased by consumers through retail channels.Excludes: commercial sales to professional builders / tradesmen / contractors etc. Home improvement refers to bathroom and sanitaryware, decorating sundries, floor covering, hand tools, hardware, home paint, kitchen sinks, power tools, wall covering and other home improvement.
See all of our definitionsThis report originates from Passport, our Home Improvement research and analysis database.
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