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StockNews.com
StockNews.com
Business
Nidhi Agarwal

Steelcase Inc. (SCS) vs. La-Z-Boy Incorporated (LZB): Which Home Improvement Stock Is a Smarter Buy?

LZB SCs Steelcase Inc United States

Rapid urbanization and the growing demand for modern, smart homes are key drivers of the home improvement market. As cities grow and the standard of living improves, there is a greater demand for homes incorporating cutting-edge technology and modern design. The home improvement market is poised to grow at a CAGR of 6.7% by 2032.

Additionally, in the home improvement market, the wave in interest for DIY projects has been noteworthy. Homeowners are increasingly focusing on personalizing their living spaces through DIY initiatives. The U.S. DIY home improvement market is forecast to grow at a CAGR of 3.7% by 2029.

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