DUBLIN, Oct. 29, 2024 (Globe Newswire) — The “Do-It-Yourself (DIY) Home Improvement Retail Industry – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global DIY (DIY) home improvement market was estimated at USD 791.3 billion in 2023 and is projected to reach USD 959.1 billion by 2030, growing at a CAGR of 2.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.
The growth of the DIY home improvement retail market is driven by several factors. Rising homeownership trends and the desire to personalize living spaces are key drivers, with more people looking to invest in and improve their homes. Economic factors, such as rising costs for professional labor and materials, are causing more individuals to take on projects themselves to save money. The proliferation of home improvement shows and online tutorials has also played an important role, inspiring and educating consumers on how to tackle different projects.
Advances in technology that improve the shopping experience and provide access to a wider range of products are further driving market growth. Additionally, the COVID-19 pandemic has led to a surge in DIY activities as people spend more time at home and seek productive and fulfilling ways to improve their living environments. Collectively, these factors ensure robust growth of the DIY home improvement retail market, catering to the evolving needs and preferences of a diverse consumer base.
Key insights:
Market Growth: Understand the significant growth trajectory of the timber and landscape management products segment expected to reach USD 225.6 billion by 2030, at a CAGR of 2.8%. The tools and hardware products segment is also expected to grow at a CAGR of 3.5% during the analysis period. Regional Analysis: Gain insight into the US market, estimated at $215.6 billion in 2023, and the China market, expected to grow at an impressive CAGR of 5.4% by 2023. See growth trends in other key regions such as Japan, Canada, Germany, and Asia Pacific.
Report features:
Comprehensive market data: Independent analysis of annual sales and market forecasts (USD million) from 2023 to 2030. Detailed regional analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, and Latin. America, Middle East, Africa. Company Profile: Covers major companies such as Ace Hardware Corporation, ADEO, and Amazon.com, Inc. Free updates: Receive 1 year of free report updates to stay informed. Market development.
Answers to key questions:
How is the global do-it-yourself (DIY) home improvement retail market expected to evolve by 2030? What are the key drivers and restraints impacting the market? Market segments to grow the most during the forecast period What will happen to the market share? Different regions and segments will change by 2030. Who are the key players in the market and what are their prospects?
Key attributes:
Report attribute details No. Number of pages 295 Forecast period 2023 to 2030 Estimated market value in 2023 (USD) $791.3 billion Estimated market value by 2030 (USD) $959.1 billion Average annual growth rate 2.8% Target region Worldwide
Main topics covered:
Market overview
Influencer Market Insights Global Market Trajectory Global Economic Updates Do-It-Yourself (DIY) Home Improvement Retail – Market Share of Key Global Competitors in 2024 (E) Competitive Market Presence – in 2024 Powerful/Active/Niche/Mediocre (E) for players around the world
Market trends and drivers
Rising popularity of DIY culture and home improvement projects is driving market growth Innovation in DIY tools and materials strengthens the business case Increasing adoption of online tutorials and how-to guides is driving market expansion E-commerce platforms and online retailers Expansion expands addressable market opportunities Reshaping market dynamics Increasing focus on home improvement and home renovations Impact of COVID-19 on home-based activities accelerates market shift Social media and influencer marketing strategies Growth in DIY workshops and community events supports market growth Innovations in smart home technology and automation strengthen market Increase in disposable income and consumer spending Housing projects drive market adoption Demographics and growth in DIY workshops and community events drive market adoption Impact of changing housing trends on DIY preferences stimulates market
Focus on carefully selected players (86 players in total)
Ace Hardware CorporationADEOAmazon.com, Inc.BayWa Bau- & GartenmArkte GmbH & Co.KGFlipkart Internet Pvt LtdGrafton Group PLChagebau connect GmbH & Co. KGHome Depot Inc.HORNBACH Holding AG and Co. KGaAIntergamma BVKesko CorporationLowe`s Companies, Inc.Walmart, Inc .Wesfarmers Ltd.Wickes Group Plc
For more information on this report, please visit https://www.researchandmarkets.com/r/2ci8vg.
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Global do-it-yourself (DIY) home center retail market
