DIY Retail Market Trends and Forecast
The future of the global DIY retail market looks promising with opportunities in the online sale and offline sale markets. The global DIY retail market is expected to grow with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are growing interest in home renovation & personalization, rising demand for eco-friendly & sustainable DIY products, and increased home improvement projects.
• Lucintel forecasts that decoration & indoor garden is expected to witness the highest growth over the forecast period.
• Within this market, online sale is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Home Depot announced a $1 billion investment to enhance employee wages and improve supply chain logistics.
Germany: Hornbach launched a new online platform aiming to streamline the customer shopping experience and expand digital services.
United Kingdom: KingfisherÄX%$%Xs B&Q implemented a sustainability initiative, targeting a 50% reduction in carbon emissions by 2030.
Australia: Bunnings Warehouse introduced a nationwide recycling program for power tools and batteries, promoting environmental responsibility.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
DIY Retail by Segment
The study includes a forecast for the global DIY retail by type, application, and region.
DIY Retail Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Decoration & Indoor Garden
• Painting & Wallpaper
• Tools & Hardware
• Building Materials
• Lighting
• Plumbing & Equipment
DIY Retail Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Online Sales
• Offline Sales
DIY Retail Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of DIY Retail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies DIY retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the DIY retail companies profiled in this report include-
• Home Depot
• LoweÄX%$%Xs
• Menards
• Ace Hardware
• Rona
• Homebase
• Sherwin-Williams
• Kingfisher
• ADEO
• HORNBACH Group
Recent Development in the DIY Retail Market
Home Depot: Announced a strategic investment of $1 billion to enhance employee wages and streamline supply chain logistics. This initiative aims to improve customer service and operational efficiency amid rising demand for home improvement products.
LoweÄX%$%Xs: Plans to open 50 new stores by 2025, targeting rural and suburban areas to capitalize on the growing DIY trend. The expansion is part of LoweÄX%$%Xs strategy to increase its market presence and cater to the heightened interest in home renovation projects.
Obi: Launched a new mobile app to enhance customer experience and introduced a comprehensive range of eco-friendly products. This move aligns with GermanyÄX%$%Xs broader green initiatives, promoting sustainable shopping options for DIY enthusiasts.
Kingfisher (B&Q): Implemented a sustainability initiative targeting a 50% reduction in carbon emissions by 2030. The company is investing in renewable energy sources and energy-efficient store designs to meet its environmental goals and appeal to eco-conscious consumers.
Bunnings Warehouse: Introduced a nationwide recycling program for power tools and batteries, promoting environmental responsibility. Additionally, the company launched DIY solar panel kits, supporting AustraliaÄX%$%Xs renewable energy targets and encouraging sustainable living practices among customers.
Features of the Global DIY Retail Market
Market Size Estimates: DIY retail market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: DIY retail market size by type, application, and region in terms of value ($B).
Regional Analysis: DIY retail market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the DIY retail market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the DIY retail market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for DIY retail market?
Answer: The global DIY retail market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the DIY retail market?
Answer: The major drivers for this market are growing interest in home renovation & personalization, rising demand for eco-friendly & sustainable DIY products, and increased home improvement projects.
Q3. What are the major segments for DIY retail market?
Answer: The future of the DIY retail market looks promising with opportunities in the online sale and offline sale markets.
Q4. Who are the key DIY retail market companies?
Answer: Some of the key DIY retail companies are as follows:
• Home Depot
• LoweÄX%$%Xs
• Menards
• Ace Hardware
• Rona
• Homebase
• Sherwin-Williams
• Kingfisher
• ADEO
• HORNBACH Group
Q5. Which DIY retail market segment will be the largest in future?
Answer: Lucintel forecasts that decoration & indoor garden is expected to witness the highest growth over the forecast period.
Q6. In DIY retail market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the DIY retail market by type (decoration & indoor garden, painting & wallpaper, tools & hardware, building materials, lighting, and plumbing & equipment), application (online sales and offline sales), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to DIY Retail Market Market, DIY Retail Market Market Size, DIY Retail Market Market Growth, DIY Retail Market Market Analysis, DIY Retail Market Market Report, DIY Retail Market Market Share, DIY Retail Market Market Trends, DIY Retail Market Market Forecast, DIY Retail Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.