The global do-it-yourself (DIY) home improvement retailing market size was US$ 848.20 billion in 2021. The global do-it-yourself (DIY) home improvement retailing market size is forecast to reach US$ 1,278.00 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.37% during the forecast period from 2022 to 2030.
DIY refers to the practice of constructing, changing, or repairing objects without the direct assistance of professionals or qualified experts. The rise in home purchases and the arrival of home improvement TV shows were among the trends that spurred the DIY movement.
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Factors Influencing Market Growth
The increasing popularity of DIY products among consumers and the substantial rise in retail suppliers’ adoption of innovative technologies drive the global market.
The limited availability of professional workers to produce DIY products may slow down the overall market growth.
The growing demand for do-it-yourself (DIY) home improvement and decoration of interior projects for customized designing boost the global market growth.
The rise in the number of people adopting the zero-waste lifestyle, which is an effective way to reduce plastic waste is forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market. Since most people were under COVID-19 lockdown, DIYers in both developed and developing nations were spending time finishing home improvement projects. In order to enhance their clients’ living environments and keep them occupied during the lockdown, the vast majority of DIYers are engaged in gardening. In the midst of COVID-19, such elements are fueling the market for DIY items.
Regional Analysis
The Asia Pacific region accounted for a substantial market share in 2021 and is forecast to have a considerable growth rate during the forecast period. As a result of the rising cutting-edge DIY product innovation and technological improvement. In addition, the growing urbanization in Asian countries such as China and India. According to a UN (United Nations) study, in comparison to China, which has 255 million urban dwellers, India has 416 million people living in urban areas. Additionally, the growing business development and private-public strategic partnerships. Thus, these factors drive the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global do-it-yourself (DIY) home improvement retailing market are:
The Home Depot, Inc.
Lowe’s
Kesko corporation
Groupe Adeo SA
Wesfarmers Limited
Kingfisher Plc
Menards, Inc
Walmart
Ace Hardware Corporation
Amazon
Other Prominent Players
Scope of the Report
The global do-it-yourself (DIY) home improvement retailing market segmentation focuses on Type, Distribution Channel, and Region.
Segmentation based on Type
Building Materials
Decor and Indoor Garden
Lighting
Electrical Work Materials
Tools and Hardware
Painting
Wallpaper and Supplies
Plumbing Materials and Equipment
Flooring Repair and Replacement Materials
Outdoor
Segmentation based on Distribution Channel
Offline
Online
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Do-It-Yourself (DIY) Home Improvement Retailing Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Do-It-Yourself (DIY) Home Improvement Retailing market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Do-It-Yourself (DIY) Home Improvement Retailing Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Do-It-Yourself (DIY) Home Improvement Retailing market Size Forecast (2023-2031).
Continue….
Key questions answered in the Market are:
What is the consumer buying behaviors and preferences in the market?
What are the key success factors and critical considerations for market entry or expansion?
What are the potential risks and challenges for market participants?
What are the investment opportunities and potential returns in the market?
What are the market segmentation strategies and target market identification?
What are the marketing and advertising strategies employed by successful market players?
What are the market entry barriers and competitive intensity?
What are the market forecasts and projections for the future?
What are the recommended strategies for market participants to achieve success?
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