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Long View Ent LLC is focusing on residential markets of Camden County,NJ , with residential being about 100% of the overall volume of the company.
The global home remodeling market size was valued at $852.10 billion in 2020, and is projected to reach $1,317.50 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030. Home remodeling refers to the changes made in a residential structure in order to enhance the functionality of the structure. Home remodeling typically includes home renovation activities such as repairing broken structures or fixtures, adding more space to a building, aesthetic changes inside or outside the building, changes intended toward enhancing the building’s safety, and adding other features or improvements to the building.
The home remodeling market is segmented into By Project Type, By Distribution Channel and Application.
In recent decades, the disposable income of home owners has increased significantly, especially in developing nations such as India, China, and others. This has led to increased demand in the home remodeling market for the purpose of increasing the standard of life of the residents. Furthermore, the home remodeling market is a very large market, due to the availability of a wide range of home remodeling solutions and options such as lighting systems, new flooring, walls, doors & windows, and others. Such factors drive the growth of the market. Furthermore, the advancement in computer-based technologies such as visualization apps and 3D rendering software has enabled the homeowners to precisely visualize the changes that they want to make.
Major players in the industry have focused on launching of innovative home remodeling products such as windows and doors that can open and close smoothly with little to no efforts by resident. For instance, in December 2020, Pella Corporation, a window & door designer and manufacturer, launched the new ‘Easy-Slide Operator’. This new innovative way to open and close casement and awning windows enables homeowners to easily slide the operator up to open and down to close the window, while keeping the operations smooth throughout. Furthermore, companies all over the world aim at developing products for a sustainable future.
For instance, in November2021, Dow Inc. a producer of chemical products for the building construction & renovations, launched new PAS 2060-verified carbon-neutral silicones. It is made to decrease the environmental impact of buildings and also help to achieve regional and global targets for CO2 reduction. This silicon is specifically used in the building for the structural glazing, insulating glass, and weather sealing. In addition, home remodeling is significantly more economical than new home construction. These factors have driven the home remodeling market growth.
The novel coronavirus has rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic has halted the production of many components used for home remodeling due to lockdowns. The economic slowdown initially resulted in reduced spending on the home remodeling from home owners. Furthermore, the number of COVID-19 cases is expected to reduce in the near future as the vaccine for COVID-19 is introduced in the market. This has led to the reopening of home remodeling products manufacturing companies at their full-scale capacities. In addition, the home remodeling market in many developed countries witnessed a significant boost after initial restrictions were lifted. After COVID-19 infection cases begin to decline, home remodeling product manufacturers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
Furthermore, the increased number of the old buildings requires maintenance, renovation, and remodeling. This is one of the most important factors that drive the demand in the home remodeling market. Furthermore, since it is an easier and cheaper option to remodel the house instead of buying a new one, it is also a reason people demand for home remodeling. In addition, rise in construction sector has positively influenced the home remodeling industry, as new construction keeps on bringing the new trends in the society.
The home remodeling market is segmented on the basis of type, application, distribution channel, and region. By project type, the market is bifurcated into DIY and contractors. On the basis of distribution channel, the market is categorized into online and offline. And on the basis of application, it is fragmented into windows & doors, kitchen & bathroom, floor & roof, walls, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2020, accounting for the highest share, and is anticipated to maintain this trend throughout the home remodeling market forecast. This is attributed to increase the share of DIY projects in home remodeling market share.
Long View Ent LLC was founded in 2022 as a sole proprietorship registered in Camden, NJ, owned and operated by Daison Long. It was originally a consulting business.
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