Future Opportunities

摘要

The Home Improvement Research Institute has updated its 2020 Size of Home Improvement Products Market Study, which provides a five-year outlook on key home improvement product categories, including paint and sundries. Overall, HIRI projects the home improvement products market to contract by roughly 9.2 percent as COVID-19 brings sweeping economic and cultural shifts to U.S. shoppers' lives. DIY purchases could fall by nearly 7 percent for the industry, with contractor purchases dropping nearly 15 percent this year.