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The Home Improvement Research Institute (HIRI) partners with IHS Markit to develop an annual U.S. Size of Market Report. The current report is based on the most recent IHS economics forecast of the U.S. economy and looks at what to expect in the market through 2025.

Having data on home improvement and insights on customer behavior can help professionals navigate a shifting and unpredictable economy.

HIRI's Size of the Home Improvement Products Market is the home improvement industry’s only product focused size of market study providing data back to 1992 with 5 year forecasts for the consumer and professional markets.

Economic expansion is expected to continue through 2020, but clear negative forces have the potential to dampen this growth.

Whether you’re on a first-name basis with Siri, Alexa or Google, you’ve likely spoken to at least one smart home assistant device in your home or office. According to the 2019 State of the Smart Home report, the United States smart home devices market was worth $10.4 billion in 2018 and is forecasted to exceed $33 billion in 2022.

The U.S. Size of Market report, released by the Home Improvement Research Institute (HIRI) in September, is the home improvement industry’s only product-focused market size study.

The Home Improvement Research Institute (HIRI) partnered with IHS Markit to develop the Canadian Size of the Market Estimates & Forecasts study focused on highlighting the country’s economic outlook and its effect on the home improvement products market.

Consumer home improvement product sales represent two-thirds of a rapidly growing overall market. Professional home improvement products sales — which make up just under a third of the overall market — have also experienced significant growth but are expected to slow in 2019.

Total home improvement products sales are expected to increase 5.5% in 2018 to $420 billion in total sales.