49% of growth will come from North America for the DIY retail market

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NEW YORK, January 10, 2022 /PRNewswire/ — Overview of DIY Retail Market Facts-

Attractive Opportunities in the DIY Retail Market by Product and Geography – Forecast and Analysis 2021-2025

  • Total Pages: 120

  • Companies: 10+ – Including 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. among others.

  • Blanket: Main Drivers, Trends and Challenges; Product information and news; Value chain analysis; Parent market analysis; Landscape of vendors; COVID Impact and Recovery Analysis

  • segments: Product (wood and landscape management, tools and hardware, kitchen and others)

  • Geographies: APAC (China), Europe (Germany, UK and France), North America (WE), South America, and MEA

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According to recent Technavio market research, the DIY retail market share in the home improvement retail industry should increase by $154.76 billion from 2020 to 2025, at an accelerated CAGR of 4.66%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

North America will register the highest growth rate of 49% among other regions. The United States is the key market for the retail sale of DIY products. However, the growth of the market in North America will be slower than market growth in other regions.

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Overview of Suppliers-

The DIY product retail market is fragmented and vendors are deploying growth strategies such as new product development to compete in the market.

ADEO- The company offers a wide range of DIY and professional solutions that cover plumbing, lighting, heating, electrical, 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 tools, building tools and materials for DIY projects.

Find additional highlights on vendors and their product offerings. Download a free sample report

Regional Market Outlook

The DIY distribution market in North America is expected to generate significant business opportunities for vendors over the forecast period. The United States is a key market for DIY retail in North America.

The number of two-income households in North America, especially in the United States and Canada, has grown in line with its economic recovery and urbanization. Consequently, the purchasing power of individuals in the region has increased. This, in turn, has sparked 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 countries mentioned above.

Latest drivers and trends driving the market-

The growth of the do-it-yourself home improvement industry is expected to accelerate over the next five years due to the emphasis on home improvement projects for custom interior design. The evolution of lifestyles has aroused the interest of individuals for DIY interior design. In developing regions, the growing population of working women and their participation in the decision-making process for home decoration is driving the sales of products needed for such projects. The use of DIY products reduces the long-term costs of outsourced work to expensive labor, which will be an important factor in driving the demand for DIY home improvement products in the over the next five years.

The advent of e-commerce, free pick-up and delivery opportunities by major competitors will fuel the growth in the size of the DIY retail market. Convenient and comfortable shopping has become very important due to hectic lifestyles and work schedules. Many key competitors have opened their own online stores to offer cheap pickup and delivery services. This reduces consumers’ efforts to obtain their home improvement products by incurring additional costs. Home Depot Product Authority, LoweÔÇÖs, and Walmart, in their online stores, charge minimal shipping, pickup, and delivery.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

Here are some similar topics-

Do-it-yourself DIY retail market in Europe by Product, Distribution Channel and Geography – Forecast and Analysis 2021-2025: The DIY market share in Europe should increase by $26.42 billion from 2021 to 2025, and the growth momentum of the market will accelerate at a CAGR of 3%. For in-depth research information: Download an exclusive free sample report

Home and Garden Products B2C E-Commerce Market by Product and Geography – Forecast and Analysis 2021-2025: The B2C e-commerce market for home and garden products has the potential to grow in $25.88 billion during the period 2021-2025, and the growth momentum of the market will accelerate at a CAGR of 9.64%. For in-depth research information: Download an exclusive free sample report

DIY Retail Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 4.66%

Market Growth 2021-2025

$154.76 billion

Market structure

Fragmented

Annual growth (%)

4.08

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 49%

Main consumer countries

United States, Germany, France, United Kingdom and China

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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