DUBLIN, Oct. 29, 2024 (Globe Newswire) — The “Do-It-Yourself (DIY) Home Improvement Retailing – Global Strategic Business Report” report has been added. ResearchAndMarkets.com Offerings.
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 to be worth $215.6 billion in 2023, and the China market, expected to grow at a phenomenal CAGR of 5.4% and reach $192.6 billion by 2030. You can. You can see growth trends in other major regions such as Japan, Canada, and Germany. , and Asia Pacific.
Report features:
- Comprehensive market data: Independent analysis of annual sales and market forecasts in million USD from 2023 to 2030.
- Detailed regional analysis: Detailed insights into key markets such as the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
- Company Overview: Covers major companies such as Ace Hardware Corporation, ADEO, and Amazon.com, Inc.
- Free Updates: Receive 1 year of free report updates to stay on top of the latest market trends.
Answers to key questions:
- How is the global do-it-yourself (DIY) home improvement retail market expected to develop by 2030?
- What are the key drivers and constraints impacting the market?
- Which market segment will grow the most during the forecast period?
- How will the market share of different regions and segments change by 2030?
- Who are the key players in the market and what is its future?
Key attributes:
| report attributes | detail |
| Number of pages | 295 |
| Forecast period | 2023-2030 |
| Estimated market value in 2023 (USD) | $791.3 billion |
| Projected market value to 2030 (USD) | $959.1 billion |
| compound annual growth rate | 2.8% |
| Target area | global |
Main topics covered:
Market overview
- Insights into the influencer market
- Global market trajectory
- Latest information on the world economy
- Do-It-Yourself (DIY) Home Improvement Retail Industry – Market Share Percentage of Global Major Competitors in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2024
Market trends and drivers
- Rising popularity of DIY culture and home improvement projects drive market growth
- Innovations in DIY tools and materials strengthen business case
- Popularization of online tutorials and how-to guides drives market expansion
- Expansion of e-commerce platforms and online retailers expands addressable market opportunities
- Increasing focus on home renovation and remodeling accelerates market dynamics
- Market changes are accelerating due to the impact of the new coronavirus on home-based activities
- Increased use of social media and influencer marketing strategies drives market adoption
- Growth in DIY workshops and community events supports market growth
- Innovations in smart home technology and automation expand market
- Increase in disposable income and consumer spending on housing projects boosts market
- Impact of changing demographics and housing trends on DIY preferences stimulates market
Focus on carefully selected players (86 posts in total)
- Ace Hardware Co., Ltd.
- Adeo
- Amazon.com Inc.
- BayWa Bau-&GartenmArkte GmbH & Co.KG
- Flipkart Internet Pvt Ltd
- Grafton Group PLC
- hagebau connect GmbH & Co. KG
- Home Depot Co., Ltd.
- HORNBACH Holding AG and Co. KGaA
- Intergamma BV
- Kesco Co., Ltd.
- Lowe’s Companies, Inc.
- Walmart Co., Ltd.
- Wesfarmers Ltd.
- Wickes Group Plc
For more information on this report, please visit https://www.researchandmarkets.com/r/2ci8vg.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
-
Global do-it-yourself (DIY) home center retail market
