DIY Home Improvement Market in US to record USD 121.47 Bn growth; Driven by growing popularity and adoption of RTA furniture -- Technavio

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Oct 12, 2022, 04:05 ET

NEW YORK, Oct. 12, 2022 /PRNewswire/ -- The DIY home improvement market in the US is expected to observe an incremental growth of USD 121.47 billion between 2021 and 2026. However, the growth momentum in the market is expected to decelerate at a CAGR of 6.1% during the forecast period. Technavio has considered various factors including the revenue generated by retailers, GDP growth, urbanization rate, employment rates, population at different income levels, per capita income, disposable income, and commodity price fluctuations among others to estimate the size of the market. The report provides a comprehensive analysis of the current market size, key growth drivers, the latest trends, and factors influencing market growth across various segments. Gain confidence by Downloading Sample PDF Report Now.

Technavio has announced its latest market research report titled DIY Home Improvement Market in US 2022-2026

The market is driven by the growing popularity and adoption of RTA furniture in the US. The popularity of innovatively designed ready-to-assemble (RTA) furniture is increasing in the US. The growing trend of customization has compelled key vendors to manufacture custom-designed RTA furniture for personalized interiors. This has enabled them to attract more DIY consumers, which is leading to high sales. They are also providing consumers with a range of options in colors, shades, shapes, and themes. As a result of these factors, the growth of the DIY home improvement market in the US is expected to increase over the forecast period.

In addition, the uptake of AR applications for home improvement projects will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2022-2026. Learn more about the global trends impacting the future of market research. Download A Free Sample Now

DIY Home Improvement Market In The US: Growth Challenge

Intense market competition is one of the major challenges reducing the growth potential in the market. Several major and regional vendors of DIY home improvement products in the US fall under the unorganized part of the market. They compete on various parameters including product portfolio, premiumization, differentiation, and pricing. In addition, the entry of new players and private labels has further increased the competition levels in the market. Moreover, the inability to adapt to the evolving competitive landscape is affecting the profit margins of vendors as well as the demand for their products. Hence, major players are shifting to omni-retail strategies to adapt to the changing competitive landscape. All these factors are expected to hinder the growth of the market during the forecast period.

DIY Home Improvement Market In The US: Segmentation Analysis

This market research report segments the DIY home improvement market in the US by distribution channel (offline and online) and product (lawn and garden, tools and hardware, plumbing, bathroom and kitchens, and others).

By distribution channel, the market observed significant growth in the offline segment in 2021. The segment includes DIY home improvement stores, specialty stores, furniture, and other physical stores. The high penetration of physical stores and an expansive product assortment are the key reasons driving the growth of the segment.

In terms of product, the lawn and garden segment will account for the highest market share during the forecast period. The segment includes entry doors, front doors, interior and closet doors, exterior shutters, and awnings and skylights. The increasing demand for these products is driving the growth of the segment.

Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request Sample Report Here

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario

Related Reports:

DIY Home Improvement Market In The US Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 6.1%
Market growth 2022-2026	USD 121.47 billion
Market structure	Fragmented
YoY growth (%)	6.07
Regional analysis	US
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	84 Lumber Co, ABC Supply Co. Inc., Ace Hardware Corp., Asian Paints Ltd., Dreamstyle Remodeling Inc., Floor and Decor Holdings Inc, Groupe Adeo, Harbor Freight Tools, Harvey Windows Doors, K and M Home Center, Lowes Companies Inc, Masco Corp., Menard Inc., National Home Improvement Inc, Pella Corp., Power Home Remodeling Group, The Home Depot Inc., True Value Co LLC., and Walmart Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact 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.

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Country Market Characteristics
Exhibit 04: Executive Summary – Chart on Market Segmentation by Product Type
Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary – Chart on Market Segmentation by Retail Channel
Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 11: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 12: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 13: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Chart on US: Year-over-year growth 2021-2026 (%)
Exhibit 15: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 16: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 17: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 18: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 19: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 20: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 21: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 22: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product Type

5.1 Market segments

Exhibit 23: Chart on Product Type - Market share 2021-2026 (%)
Exhibit 24: Data Table on Product Type - Market share 2021-2026 (%)

5.2 Comparison by Product Type

Exhibit 25: Chart on Comparison by Product Type
Exhibit 26: Data Table on Comparison by Product Type

5.3 Lawn and Garden - Market size and forecast 2021-2026

Exhibit 27: Chart on Lawn and Garden - Market size and forecast 2021-2026 ($ billion)
Exhibit 28: Data Table on Lawn and Garden - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Chart on Lawn and Garden - Year-over-year growth 2021-2026 (%)
Exhibit 30: Data Table on Lawn and Garden - Year-over-year growth 2021-2026 (%)

5.4 Tools and Hardware - Market size and forecast 2021-2026

Exhibit 31: Chart on Tools and Hardware - Market size and forecast 2021-2026 ($ billion)
Exhibit 32: Data Table on Tools and Hardware - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Chart on Tools and Hardware - Year-over-year growth 2021-2026 (%)
Exhibit 34: Data Table on Tools and Hardware - Year-over-year growth 2021-2026 (%)

5.5 Plumbing - Market size and forecast 2021-2026

Exhibit 35: Chart on Plumbing - Market size and forecast 2021-2026 ($ billion)
Exhibit 36: Data Table on Plumbing - Market size and forecast 2021-2026 ($ billion)
Exhibit 37: Chart on Plumbing - Year-over-year growth 2021-2026 (%)
Exhibit 38: Data Table on Plumbing - Year-over-year growth 2021-2026 (%)

5.6 Bathroom and Kitchens - Market size and forecast 2021-2026

Exhibit 39: Chart on Bathroom and Kitchens - Market size and forecast 2021-2026 ($ billion)
Exhibit 40: Data Table on Bathroom and Kitchens - Market size and forecast 2021-2026 ($ billion)
Exhibit 41: Chart on Bathroom and Kitchens - Year-over-year growth 2021-2026 (%)
Exhibit 42: Data Table on Bathroom and Kitchens - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026

Exhibit 43: Chart on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 45: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 46: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Product Type

Exhibit 47: Market opportunity by Product Type ($ billion)

6 Market Segmentation by Distribution Channel

6.1 Market segments

Exhibit 48: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 49: Data Table on Distribution Channel - Market share 2021-2026 (%)

6.2 Comparison by Distribution Channel

Exhibit 50: Chart on Comparison by Distribution Channel
Exhibit 51: Data Table on Comparison by Distribution Channel

6.3 Offline - Market size and forecast 2021-2026

Exhibit 52: Chart on Offline - Market size and forecast 2021-2026 ($ billion)
Exhibit 53: Data Table on Offline - Market size and forecast 2021-2026 ($ billion)
Exhibit 54: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 55: Data Table on Offline - Year-over-year growth 2021-2026 (%)

6.4 Oneline - Market size and forecast 2021-2026

Exhibit 56: Chart on Oneline - Market size and forecast 2021-2026 ($ billion)
Exhibit 57: Data Table on Oneline - Market size and forecast 2021-2026 ($ billion)
Exhibit 58: Chart on Oneline - Year-over-year growth 2021-2026 (%)
Exhibit 59: Data Table on Oneline - Year-over-year growth 2021-2026 (%)

6.5 Market opportunity by Distribution Channel

Exhibit 60: Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Retail Channel

7.1 Market segments

Exhibit 61: Chart on Retail Channel - Market share 2021-2026 (%)
Exhibit 62: Data Table on Retail Channel - Market share 2021-2026 (%)

7.2 Comparison by Retail Channel

Exhibit 63: Chart on Comparison by Retail Channel
Exhibit 64: Data Table on Comparison by Retail Channel

7.3 Home Improvement/DIY Retailers - Market size and forecast 2021-2026

Exhibit 65: Chart on Home Improvement/DIY Retailers - Market size and forecast 2021-2026 ($ billion)
Exhibit 66: Data Table on Home Improvement/DIY Retailers - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Chart on Home Improvement/DIY Retailers - Year-over-year growth 2021-2026 (%)
Exhibit 68: Data Table on Home Improvement/DIY Retailers - Year-over-year growth 2021-2026 (%)

7.4 Hypermarkets and Supermarkets - Market size and forecast 2021-2026

Exhibit 69: Chart on Hypermarkets and Supermarkets - Market size and forecast 2021-2026 ($ billion)
Exhibit 70: Data Table on Hypermarkets and Supermarkets - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Chart on Hypermarkets and Supermarkets - Year-over-year growth 2021-2026 (%)
Exhibit 72: Data Table on Hypermarkets and Supermarkets - Year-over-year growth 2021-2026 (%)

7.5 Hardware Stores - Market size and forecast 2021-2026

Exhibit 73: Chart on Hardware Stores - Market size and forecast 2021-2026 ($ billion)
Exhibit 74: Data Table on Hardware Stores - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Chart on Hardware Stores - Year-over-year growth 2021-2026 (%)
Exhibit 76: Data Table on Hardware Stores - Year-over-year growth 2021-2026 (%)

7.6 Market opportunity by Retail Channel

Exhibit 77: Market opportunity by Retail Channel ($ billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 79: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 80: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 81: Overview on factors of disruption

10.4 Industry risks

Exhibit 82: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 83: Vendors covered

11.2 Market positioning of vendors

Exhibit 84: Matrix on vendor position and classification

11.3 84 Lumber Co

Exhibit 85: 84 Lumber Co - Overview
Exhibit 86: 84 Lumber Co - Product / Service
Exhibit 87: 84 Lumber Co - Key offerings

11.4 ABC Supply Co. Inc.

Exhibit 88: ABC Supply Co. Inc. - Overview
Exhibit 89: ABC Supply Co. Inc. - Product / Service
Exhibit 90: ABC Supply Co. Inc. - Key offerings

11.5 Ace Hardware Corp.

Exhibit 91: Ace Hardware Corp. - Overview
Exhibit 92: Ace Hardware Corp. - Product / Service
Exhibit 93: Ace Hardware Corp. - Key offerings

11.6 Floor and Decor Holdings Inc

Exhibit 94: Floor and Decor Holdings Inc - Overview
Exhibit 95: Floor and Decor Holdings Inc - Product / Service
Exhibit 96: Floor and Decor Holdings Inc - Key offerings

11.7 Groupe Adeo

Exhibit 97: Groupe Adeo - Overview
Exhibit 98: Groupe Adeo - Product / Service
Exhibit 99: Groupe Adeo - Key offerings

11.8 Lowes Companies Inc

Exhibit 100: Lowes Companies Inc - Overview
Exhibit 101: Lowes Companies Inc - Product / Service
Exhibit 102: Lowes Companies Inc - Key offerings

11.9 Menard Inc.

Exhibit 103: Menard Inc. - Overview
Exhibit 104: Menard Inc. - Product / Service
Exhibit 105: Menard Inc. - Key offerings

11.10 The Home Depot Inc.

Exhibit 106: The Home Depot Inc. - Overview
Exhibit 107: The Home Depot Inc. - Product / Service
Exhibit 108: The Home Depot Inc. - Key offerings

11.11 True Value Co LLC.

Exhibit 109: True Value Co LLC. - Overview
Exhibit 110: True Value Co LLC. - Product / Service
Exhibit 111: True Value Co LLC. - Key offerings

11.12 Walmart Inc.

Exhibit 112: Walmart Inc. - Overview
Exhibit 113: Walmart Inc. - Business segments
Exhibit 114: Walmart Inc. - Key news
Exhibit 115: Walmart Inc. - Key offerings
Exhibit 116: Walmart Inc. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 117: Inclusions checklist
Exhibit 118: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 119: Currency conversion rates for US$

12.4 Research methodology

Exhibit 120: Research methodology
Exhibit 121: Validation techniques employed for market sizing
Exhibit 122: Information sources

12.5 List of abbreviations

Exhibit 123: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 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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