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DIY Home Improvement Retailing Market to Grow by USD 154.76 Bn | Greater Emphasis on DIY Home Improvement Projects for Personalized Interior Designing to Boost Market Growth | 17,000+ Technavio Research Reports | State

NEW YORK, Feb. 10, 2022 /PRNewswire/ — The “Do-It-Yourself (DIY) Home Improvement Retailing Market by Product (Lumber and landscape management, Tools and hardware, Kitchen, and Others) and Geography (North America, Europe, APAC, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offerings. With ISO 9001:2015 certification, Technavio has been proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the DIY home improvement retailing market between 2020 and 2025 is USD 154.76 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver
  • Market Challenges

Greater emphasis on DIY home improvement projects for personalized interior designing is expected to drive the growth of the market. Changes in lifestyles have created an interest in DIY interior designing. In developing countries, the growing population of working women and their participation in the decision-making process for home decoration are driving the sales of products required for such projects. The use of DIY products lowers the long-term costs of work outsourced to expensive labor, which will be a significant factor in driving the demand for DIY home improvement products during the forecast period.

Shifting consumer preference for DIFM from DIY culture will challenge the growth of the market. Buyers of DIY products opt for DIFM, especially in more mature markets, and hire professionals to do the work rather than doing it themselves. Some of the key drivers for the growing DIFM market are aging consumers in Western Europe and North America, growing employment levels and wage growth, and high complications in logistics and supply chain operations.

To learn about additional key drivers, trends, and challenges available with TechnavioRead our FREE Sample Report right now!

The DIY home improvement retailing market report is segmented by product (lumber and landscape management, tools and hardware, kitchen, and others) and geography (North America, Europe, APAC, South America, and MEA). North America will be the leading region with 49% of the market’s growth during the forecast period. The US is a key country for the DIY home improvement retailing market in North America.

View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Some Companies Mentioned with their Offerings

    • ADEO – The company offers wide range of do it yourself and professional solutions that covers plumbing, lighting, heating, electricity, sanitation, security, cooking, gardening and much more.
    • BAUHAUS AG – The company offers products for home improvement, gardening, and workshop.
    • BAUVISTA GmbH and Co. KG – The company deals with the requirements of hardware stores as well as building material dealers and building material wholesalers.
    • Home Depot Inc. – The company offers wide range of do it yourself and professional solutions such as home decor ideas, bathroom projects and ideas, kitchen projects, and much more.
    • Kesko Corp. – The company offers grocery trade, the building, technical trade and the car trade related material.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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DIY Home Improvement Retailing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.66%

Market growth 2021-2025

USD 154.76 billion

Market structure

Fragmented

YoY growth (%)

4.08

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 49%

Key consumer countries

US, Germany, France, UK, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ADEO, BAUHAUS AG, BAUVISTA GmbH and Co. KG, Home Depot Inc., Kesko Corp., Kingfisher Plc, Lowes Companies Inc., Travis Perkins Plc, Walmart Inc., and Wesfarmers Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, 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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Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • 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 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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