How big is China's home improvement market

According to data from the China Decoration Industry Association, from 2015 to 2019, the market size of our national installation industry continued to grow, with a compound annual growth rate of 8.46%, and in 2019, the market size of our national installation industry reached 2.74 trillion yuan. Affected by the epidemic in 2020, the market size of our national installation industry fell for the first time. In 2020, the market size was 2.61 trillion yuan, a year -on -year decrease of 4.74%. Prospective predicts that as residents' consumption enthusiasm will increase, the home installation industry market will usher in a compensation rebound in 2021.
The first decline of the market in the market in the homeland industry in 2015. According to data from the China Decoration Industry Association, from 2015 to 2019, the market size of our country's installation industry continued to grow, and the annual compound growth rate of CAGR reached 8.46%. In 2019, my country The market size of the home improvement industry reached 2.74 trillion yuan.
The market size of our country's installation industry fell for the first time in 2020. The market size in 2020 was 2.61 trillion yuan, a year -on -year decrease of 4.74%. Prospective predicts that as residents' consumption enthusiasm will increase, the home installation industry market will usher in a compensation rebound in 2021.
The growth trend of active users of Internet home improvement

2016-2020, my country's Internet home improvement annual user active scale has steadily increased. Essence
The Internet home improvement participation company increase
In recent years, the proportion of home improvement companies participating in digital transformation has steadily increased, from 10.1%in 2017 to 19.2%in the first quarter of 2021, an increase of 9.1 percentage points. The proportion of digital transformation home improvement companies and Internet home improvement platforms has also increased from 34.5%in 2018 to 47.1%. In the future, more enterprises will lay out the field of Internet home improvement.
2025 The integrated scale of the connected home improvement market is expected to reach 888 billion yuan
in recent years, the scale of the Internet home improvement market has generally risen. In 2019, the Internet home improvement market scale is about 386.17 billion yuan. Affected by the epidemic in 2020, the progress of offline construction has been affected to a certain extent, but the consumption of the home improvement market has a strong attribute. Instead, the epidemic has accelerated the online consumption habits of home improvement users. It is expected that the size of the Internet home improvement market in 2020 will reach 40507 billion In the long run, the size of the Internet home improvement market in 2025 is expected to reach 888.09 billion yuan.
In more data, please refer to the Foresight Industry Research Institute's "China Home Instance (Home Decoration) Industry Market Prospective and Investment Strategic Planning Analysis Report".