49% of Growth to Originate from North America for DIY Home Improvement Retailing Market | Market Growth will Accelerate at a CAGR of 4.66%
NEW YORK, Jan. 10, 2022 /PRNewswire/ -- DIY Home Improvement Retailing Market Facts at a Glance-
NEW YORK, Jan. 10, 2022 /PRNewswire/ -- DIY Home Improvement Retailing Market Facts at a Glance-
Didn't Find What You Were Looking For? Customize Report-
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
According to the recent market study by Technavio, the DIY Home Improvement Retailing Market Share in Home Improvement Retail Industry is expected to increase by USD 154.76 billion from 2020 to 2025, at an accelerated CAGR of 4.66%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
North America will register the highest growth rate of 49% among the other regions. The US is the key market for DIY home improvement retailing. However, market growth in North America will be slower than the growth of the market in other regions.
Download FREE Sample: for more additional information about the key countries in North America
Vendor Insights-
The DIY home improvement retailing market is fragmented and the vendors are deploying growth strategies such as developing new products to compete in the market.
ADEO- The company offers a 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 offers wholesale distribution of home, building tools and materials for DIY projects.
Find additional highlights on the vendors and their product offerings. Download Free Sample Report
Regional Market Outlook
The DIY home improvement retailing market in North America is expected to garner significant business opportunities for the vendors during the forecast period. The US is a key market for the do-it-yourself home improvement retailing in North America.
The number of dual-income households in North America, especially the US and Canada, has increased in harmony with its economic recovery and urbanization. Consequently, the purchasing power of the individuals in the region has increased. This, in turn, has generated interest in DIY home improvement projects, resulting in the growth of the overall DIY home improvement market in North America.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers & Trends Driving the Market-
The do-it-yourself home improvement retailing industry growth is expected to accelerate over the next five years due to the greater emphasis on DIY home improvement projects for personalized interior designing. The change in lifestyles has raised the interest of individuals in DIY interior designing. In developing regions, 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 over the next five years
The advent of e-commerce, free pickup, and delivery opportunities by key competitors will fuel the growth of the DIY home improvement retailing market size. Convenient and comfortable shopping has become very important because of hectic lifestyles and work schedules. Many key competitors have opened their own online stores to offer cheap pickup and delivery services. This reduces the efforts of the consumers to get their DIY home improvement products by incurring extra costs. Home Depot Product Authority, LoweÔÇÖs, and Walmart, in their online stores, charge minimal shipping charges, pickup, and delivery charges.
Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.
Here are Some Similar Topics-
Do-it-Yourself Home Improvement Retailing Market in Europe by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025: The DIY home improvement market share in Europe is expected to increase by USD 26.42 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 3%. To get extensive research insights: Download Exclusive Free Sample Report
Home and Garden Products B2C E-commerce Market by Product and Geography - Forecast and Analysis 2021-2025: The home and garden products B2C e-commerce market has the potential to grow by USD 25.88 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 9.64%. To get extensive research insights: Download Exclusive Free Sample Report
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 |
$ 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. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article