ASEAN Home Improvement Market Report 2021, with Key Players Ace Hardware Indonesia, Siam Global House Public Company, Home Product Center Public Company, Mr DIY Group and AllHome Corp

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DUBLIN, December 23, 2021 /PRNewswire/ — The “ASEAN Home Improvement Market (Indonesia, Singapore, Philippines, Thailand & Malaysia): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)” report has been added to from ResearchAndMarkets.com offer.

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The ASEAN home improvement market is expected to reach US$10.90 billion in 2025, growing at a CAGR of 9.22% over the period from 2021 to 2025.

The growth of the ASEAN home improvement market has been supported by factors such as increasing population in ASEAN countries, surging real estate prices, urbanization fast and a favorable demographic structure. Growing penetration of e-commerce and increase in home-based work and freelance jobs are likely to have a positive impact on the ASEAN home improvement market. However, market growth is expected to be hampered by labor shortage and economic downturn.

The ASEAN home improvement market can be segmented into the following regions: Indonesia, Thailand, Malaysia, Philippines and Singapore. In 2020, the dominant share of the ASEAN home improvement market was held by Indonesia, followed by Thailand.

the Singapore The home improvement market by category can be segmented into the following categories: bathroom and sanitary ware, home paint, hardware, kitchen sinks, power tools, wall coverings and hand tools. The largest market share was held by the bathroom, followed by paint and home hardware.

The ASEAN home improvement market by retail space per capita can be segmented into following regions: Indonesia, Thailand, Malaysia, Philippines and Singapore. In 2020, the dominant share of home improvement retail space per capita was held by Malaysia, followed by Thailand. Factors such as unaffordable home loans and increasing disposable income in ASEAN countries have helped drive the growth of the market.

Report scope

  • The report provides a comprehensive analysis of the ASEAN home improvement market.

  • The major regional markets (Indonesia, Thailand, Malaysia, Philippines and Singapore) were analyzed.

  • Market dynamics such as growth drivers, market trends, and challenges are analyzed in depth.

  • The competitive landscape of the market, along with the company profiles of key players (Ace Hardware Indonesia, Dairy Farm International Holding Limited, Siam Global House Public Company Limited, Home Product Center Public Company Limited, Mr DIY Group and AllHome Corp.) are also presented in detail.

Growth engines

  • Acceleration of population growth

  • Skyrocketing house prices

  • Unaffordable home loans

  • Rapid urbanization

  • Favorable demographic structure

  • Increase in disposable income

Key trends and developments

  • Growing penetration of e-commerce

  • Freelancing rising trend

  • Technologically advanced home improvement products

  • Increase in work from home

  • Popularization of Do-It-Yourself (DIY)

Challenges

  • Economic downturn

  • Labor shortage

Main topics covered:

Market overview

  • Home improvement

  • Types of Home Improvement

  • Products used in home improvement

  • Construction and renovation

  • home decoration

  • Tools and hardware

  • live outside

  • Types of Home Improvement Projects

  • DIFM Home Improvement Project

  • DIY home improvement project

  • Benefits of Home Improvement Projects

  • Disadvantages of Home Improvement Projects

Impact of COVID-19

ASEAN Market Analysis

  • ASEAN Home Improvement Market by Value

  • ASEAN Home Improvement Market Forecast by Value

  • ASEAN Home Improvement Market by Region

  • ASEAN Home Improvement Market by Expenditure Per Capita

  • ASEAN home improvement market by retail space per capita

  • ASEAN Home Improvement Market by Stores per Million People

Regional analysis

Market dynamics

Competitive landscape

  • Revenue Comparison – Key Players

  • Market Cap Comparison – Key Players

  • Product Comparison – Key Players

Company Profiles

  • Ace Hardware Indonesia

  • Dairy Farm International Holding Limited

  • Siam Global House Public Company Limited

  • Home Product Center Public Company Limited

  • Mr DIY Group

  • AllHome Corp.

For more information on this report, visit https://www.researchandmarkets.com/r/v9sya2

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