NEW YORK, Nov. 21, 2022 /PRNewswire/ — The Global Do-It-Yourself Home Improvement Retailing Market share is set to increase by USD 186.33 million from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 4.41% as per the latest market forecast report by Technavio. The market will also record a 3.66% Y-O-Y growth rate during the forecast period. To know more about the historic market size– Request a Free Sample Report!

Technavio has announced its latest market research report titled Global Do-it-Yourself Home Improvement Retailing Market 2023-2027

Global Do-It-Yourself Home Improvement Retailing Market – Parent Market Analysis

Technavio categorizes the global do-it-yourself (DIY) home improvement retailing market as a part of the global Internet and direct marketing retail market within the global retailing market. The parent market, the global Internet and direct marketing retail market, covers the revenue generated by companies providing retail services primarily on the Internet through door-to-door retailers, mail orders, and TV home shopping retailers. It also includes companies providing online marketplaces for consumer products and services.

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Global Do-It-Yourself Home Improvement Retailing Market Characteristics with Five Forces–

The Global Do-It-Yourself Home Improvement Retailing Market is fragmented, and the five forces analysis by Technavio gives the accurate vision –

  • Bargaining Power of Buyers

  • The threat of New Entrants

  • Threat of Rivalry

  • Bargaining Power of Suppliers

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Global Do-It-Yourself Home Improvement Retailing Market – Customer Landscape

  • The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence.

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Global Do-It-Yourself Home Improvement Retailing Market – Segmentation Assessment

Geography Segment Overview

Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Do-It-Yourself Home Improvement Retailing Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Do-It-Yourself Home Improvement Retailing Market size and actionable market understandings.

Regional Highlights

  • North America is the fastest-growing region in the global do-it-yourself home improvement retailing market compared to other regions. 43% of the market’s growth will originate from the region. The US and Canada are leading countries for DIY home improvement projects in North America. In 2020, the US accounted for the highest share due to social media promotions and awareness by DIY knowledge centers.

Type Segment Overview

  • The Global Do-It-Yourself Home Improvement Retailing Market as per distribution channel segmentation is categorized into Offline and Online.

  • Revenue Generating Segment – The do-it-yourself home improvement retailing market share growth by the large offline segment will be significant during the forecast period. DIY home improvement products are primarily offered through the offline distribution channel, which includes retail formats such as hypermarkets, specialty stores, department stores, and warehouse clubs. With the rise in the number of independent retailers worldwide, sales of DIY home improvement products through this channel are expected to grow during the forecast period.

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Global Do-It-Yourself Home Improvement Retailing Market – Market Dynamics

Major Driver Boosting the Market

  • The high emphasis on DIY home improvement projects for personalized interior designing is driving the global DIY home improvement retailing market growth.

  • Changes in lifestyles have led to an interest in DIY interior designing. Subsequently, the adoption of DIY home improvement products is growing.

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

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

Major Trends Influencing the Growth of the Market

  • The uptake of AR applications for home improvement projects is a key trend in the market.

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

  • Therefore, the advent of AR is expected to support the growth of the market.

Major Challenges Interrupting the Market Growth

  • The shifting consumer preference for do-it-for-me (DIFM) is challenging the global DIY home improvement retailing market growth.

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

  • As a result, DIY retailers are witnessing stagnation in sales, which is having a negative impact on the market.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19-impacted market research reports.

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Do-It-Yourself Home Improvement Retailing Market 2023-2027: Key Highlights

  • CAGR of the market during the forecast period 2023-2027

  • Detailed information on factors that will do-it-yourself home improvement retailing market growth during the next five years

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

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the do-it-yourself home improvement retailing market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of do-it-yourself home improvement retailing market vendors

Related Reports

  • The DIY home improvement market study in the US is projected to grow by USD 121.47 billion during the forecast period 2021 to 2026. The market is segmented by distribution channel (offline and online) and product type (lawn and garden, tools and hardware, plumbing, bathroom and kitchens, and others).

  • The hand tools market is projected to grow by USD 2.11 billion with a CAGR of 3.96% during the forecast period 2021 to 2026. The market is segmented by application (general-purpose, metal cutting, and others), end-user (industrial and household), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Do-it-Yourself Home Improvement Retailing Market Scope

Report Coverage

Details

Page number

120

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.41%

Market growth 2023-2027

USD 186.33 million

Market structure

Fragmented

YoY growth (%)

3.66

Regional analysis

North America, Europe, APAC, South America, and the Middle East and Africa

Performing market contribution

North America at 43%

Key consumer countries

US, China, Germany, France, and UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

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, Improve Inc., Kingfisher Plc, Lowes Companies Inc., Menard Inc., MR.D.I.Y. Group M Berhad, OBI Group Holding SE & Co. KGaA, Otto GmbH & Co. KG, REWE Group, Stark Group AS, The Home Depot Inc., Travis Perkins Plc, Wesfarmers Ltd., and Wickes Group Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Global Do-it-Yourself Home Improvement Retailing Market 2023-2027

Global Do-it-Yourself Home Improvement Retailing Market 2023-2027

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