The DIY Home Improvement Market is expected to grow by $ 26.45 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period.
DIY home improvement products that are used in building maintenance, plumbing, and other home improvement purposes are considered the target products of the market. DIY home improvement products and activities allow homeowners to execute tasks by themselves with the help of DIY home improvement tools, equipment, and appliances.
Market Players in DIY home improvement market are ADEO, BAUHAUS, HORNBACH Baumarkt, Kingfisher, Travis Perkins, Bauvista, EUROBAUSTOFF, Intergamma, K-GROUP, Les Mousquetaires, The Sherwin-Williams Company and Toolstation.
BAUHAUS -The European Union’s Green Deal would set off a wave of building renovations and a chance to find a new common architecture aesthetic. At Hornbach Baumarkt AG, the largest operating subgroup (DIY retail) which operated a total of 160 DIY megastores with garden centers and online shops in nine European countries as of August 31, 2020, like-for-like sales net of currency items grew by 20.6 % to Euro 2,949.0 million in the first half (2019/20: Euro 2,444.7 million). On a like-for-like basis and net of currency items, the DIY stores with garden centers generated sales growth of 19.4 % in the first six months. Bank of America polled 1,054 Americans about their attitudes and shopping habits during coronavirus and found that more than 70% have decided to tackle home improvement projects, with more planned for 2021.
The DIY home improvement market has segmented as By Product application, Lumber and landscape management, decor and indoor garden, kitchen and paintings & wallpapers. By type, it has offline and online. Based on region it has been segmented into North America, Europe, Asia-Pacific and LAMEA. The presence of necessary skills in consumers for carrying out the home improvement work is one of the key factors propelling market growth. Additionally, manufacturers offer smart home improvement kits to assist DIY consumers. Furthermore, the presence of large DIY stores, along with the penetration of e-commerce sales channel, may create a long-term positive impact.
DIY Home Improvement market overview gives Research competitor offerings, Drivers, Maximum Countries Data, Prospects, and Potential Application. Also DIY Home Improvement Industry research report includes the future impact of major drivers and challenges and, support decision makers in manufacture cost-effective professional decisions. According to Investigator global this report focuses on the DIY Home Improvement in global market.