NEW YORK, March 2, 2021 /PRNewswire/ -- ADEO, BAUHAUS E-Business GmbH & Co. KG, and Home Depot Product Authority LLC will emerge as major do-it-yourself home improvement retailing market participants during 2020-2024
The do-it-yourself home improvement retailing market is expected to grow by USD 143.3 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the do-it-yourself home improvement retailing market in optimistic, probable, and pessimistic forecast scenarios.
The do-it-yourself home improvement retailing market will witness a Negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth Increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
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Major Three Do-It-Yourself Home Improvement Retailing Market Participants:
ADEO operates its business through segments such as Private individuals and Home life. The company offers DIY superstores; home and kitchen decoration accessories; repair, maintenance, and solutions; home or garden consumables; installation services for windows, heating systems, wood-burning stoves, and renewable energies; furniture lines; and light fittings.
BAUHAUS E-Business GmbH & Co. KG
BAUHAUS E-Business GmbH & Co. KG operates its business through the Products segment. The company offers various home improvement products for the garden, interior, windows, doors, bathrooms, floors, and heating, cooling & ventilation.
Home Depot Product Authority LLC
Home Depot Product Authority LLC operates its business through segments such as Building Materials, Décor, and Hardlines. The company offers DIY products for outdoors, bathrooms, kitchen upgrades, flooring upgrades, paint ideas, and others.
Do-It-Yourself Home Improvement Retailing Market 2020-2024: Segmentation
Do-it-yourself home improvement retailing market is segmented as below:
Tools And Hardware
Decor And Indoor Garden
Lumber & Landscape Management
The do-it-yourself home improvement retailing market is driven by the advent of e-commerce. In addition, other factors such as greater emphasis on DIY home improvement projects for personalized interior designing are expected to trigger the do-it-yourself home improvement retailing market toward witnessing a CAGR of over 4% during the forecast period.
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 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.