DIY Home Improvement Retail Market Size Grows $186.33 Million From 2022 To 2027, Parent Market Assessment, Five Forces Analysis, Market Dynamics And Segmentation

DIY Home Improvement Retail Market Size Grows $186.33 Million From 2022 To 2027, Parent Market Assessment, Five Forces Analysis, Market Dynamics And Segmentation

New YorkAnd the November 21, 2022 /PRNewswire/ – File The global retail marketplace for DIY home improvement Share is set to increase by 186.33 million US dollars From 2022 to 2027. Moreover, the market growth momentum will accelerate at A compound annual growth rate 4.41% According to the latest market outlook report from Technavio. The market will also register 3.66% on an annual basis growth rate during the forecast period. To learn more about historical market size- Request a free sample report!

Technavio Announces Latest Market Research Report Global Do-it-Yourself Home Improvement Market Retailing Market 2023-2027

The global retail marketplace for DIY home improvement Origin market analysis

Technavio ranks the global home improvement (DIY) do-it-yourself retail market as part of Global Internet and Direct Marketing Retail Market in the global retail market. Its parent market, the Global Internet and Direct Marketing Retail Market, covers revenue generated by companies that provide retail services primarily on the Internet through door-to-door, mail-order, and TV-home shopping retailers. It also includes companies that provide online marketplaces for consumer products and services.

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The global retail marketplace for DIY home improvement Characteristics of the five forces-

The Global Do-It-Yourself Home Improvement Retail Market Is Segmented, Technavio’s Five Forces Analysis Gives Accurate Insight –

  • The bargaining power of buyers

  • Threat of newcomers

  • The threat of competition

  • The bargaining power of suppliers

  • For information on the impact of the five forces analysis- Click now!

The global home improvement do-it-yourself retail market is a customer landscape

  • Outage threats are strategic in nature, and operational risks have been identified for suppliers based on their negative business impact and likelihood of occurrence.

  • Customer landscape capabilities will be available with Technavio reports – Buy now!

The global retail marketplace for DIY home improvementPartition evaluation

Geography sector overview

Technavio’s market research report includes detailed information on regional in-store opportunities for sellers, which will help in generating sales revenue. The global retail marketplace for DIY home improvement It is classified according to geography North AmaricaAnd the Europeasia pacific, South americaand the The Middle East And the Africa. The report provides an accurate forecast of the contribution of all regions to the growth of the global Do-It-Yourself Home Improvement Retail market size and actionable market understandings.

Regional highlights

  • North Amarica It is the fastest growing region of the global do-it-yourself home improvement retail market compared to other regions. 43% Most of the market growth will come from the region. United States and Canada Is the nation’s leader in DIY home improvement projects North Amarica. In 2020, the United States had the highest share due to social media promotion and awareness by DIY knowledge centers.

Write an overview of the segment

  • The global DIY home improvement retail market is segmented according to the division of distribution channel into offline and online.

  • income-generating segment – The do-it-yourself home improvement retail market share growth with a large offline segment will be significant over the forecast period. DIY home improvement products are primarily offered through the offline distribution channel, which includes retail formats such as supermarkets, specialty stores, department stores, and warehouse clubs. With the number of independent retailers on the rise worldwide, sales of home improvement products through this channel are expected to grow over the forecast period.

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The global retail marketplace for DIY home improvement Market dynamics

A major driver boosting the market

  • A heavy focus on DIY home improvement projects for personal interior design is driving the growth of the global DIY home improvement retail market.

  • Changes in lifestyles have led to an interest in DIY interior design. Next, the adoption of DIY home improvement products is on the rise.

  • DIY is a popular concept in countries with high labor costs. DIY products reduce long-term costs.

  • The above factors will enhance the growth of the market during the forecast period.

Major trends affecting market growth

  • The absorption of augmented reality applications for home improvement projects is a major trend in the market.

  • Moreover, advanced technologies are being implemented in DIY home improvement projects as well. For example, in 2014, retailer Kingfisher upgraded its first in-store mobile technology. The company has also launched a new mobile application that provides an improved in-store map and provides access to the live chat feature. The catalog uses augmented reality to provide a virtual preview of various DIY products

  • Therefore, the emergence of augmented reality is expected to drive the growth of the market.

The main challenges facing the growth of the market

  • Changing consumer preference for Do It Me (DIFM) is challenging the growth of the global home improvement (DIY) retail market.

  • In more mature markets, buyers prefer DFIM’s services and hire professionals.

  • As a result, DIY retailers are seeing stagnant sales, which is negatively affecting the market.

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Technavio proposes three forecast scenarios (optimistic, likely and pessimistic) keeping in mind the impact of COVID-19. Technavio’s in-depth research contains direct and indirect market research reports impacted by COVID-19.

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Do It Yourself Home Improvement Retail Market 2023-2027: Key Points

  • The compound annual growth rate of the market during the forecast period 2023-2027

  • Detailed information on the do-it-yourself factors that will grow the home improvement retail market over the next five years

  • Estimate the size of the do-it-yourself home improvement retail market and its contribution to the parent market

  • Forecasts of upcoming trends and changes in consumer behaviour

  • The growth of the ‘do-it-yourself’ home improvement retail market

  • Market competitive landscape analysis and detailed information on vendors

  • Comprehensive detailing the factors that will challenge the growth of the do-it-yourself home improvement retail market

related reports

  • The Study of the US DIY home improvement market It is expected to grow by $121.47 billion over the forecast period of 2021 to 2026. The market is segmented by distribution channels (offline and online) and product type (lawn and garden, tools and hardware, plumbing, bathroom and kitchen, and others).

  • The hand tool market It is expected to grow by $2.11 billion at a CAGR of 3.96% over the forecast period of 2021 to 2026. The market is segmented by application (general purpose, metal cutting, and others), end user (industrial and domestic), and geography (North AmaricaAnd the Europeasia pacific, South americaAnd the The Middle East And the Africa).

Do-it-yourself home improvement retail market scope

report coverage

details

page number

120

base year

2022

Historic year

2017-2021

forecast period

2023-2027

Growth momentum and compound annual growth rate

Acceleration at a compound annual growth rate of 4.41%

Market growth 2023-2027

186.33 million US dollars

Market structure, market structure

Fragmented

Annual growth (%)

3.66

Regional analysis

North America, Europe, Asia Pacific, South America, Middle East and Africa

market share performance

North America by 43%

major consuming countries

United States, China, Germany, France and the United Kingdom

Competitive scene

Leading companies, competitive strategies, scope of consumer participation

Profile of the main companies

BAUHAUS E Business Gesellschaft fur Bau und Hausbedarf mbH & Co. KG, BayWa Bau & Gartenmarkte GmbH & Co. KG, GLOBUS Markthallen Holding GmbH & Co. KG, Grafton Group plc, Groupe Adeo, hagebau connect GmbH & Co. KG, Hornbach Baumarkt AG, Improvement Inc., Kingfisher Plc, Lowes Companies Inc., Menard Inc., MR.DIY Group M Berhad, OBI Group Holding SE & Co. KGaA, Otto GmbH & Co. KG, REWE Group, Stark Group AS, The Home Depot Inc. and Travis Perkins Plc and Wesfarmers Ltd. and Wickes Group Plc

Market dynamics

Key market analysis, market growth instigators and obstacles, fast-growing and slow-growing segments analysis, analysis of the impact of COVID-19, recovery and future consumer dynamics, and market situation analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

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table of contents

1. Executive summary

2 market view

3 Market Sizing

4 Historical market size

5 Five Forces Analysis

6 Market segmentation by distribution channel

7 Market segmentation by product

8 Customer perspective

9 geographical landscape

10 drivers, challenges and trends

11 landscape vendor

12 Vendor Analysis

13 Appendix

information about us

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Global DIY Home Improvement Retail Market 2023-2027

Global DIY Home Improvement Retail Market 2023-2027

Cision

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