DIY Home Improvement Market Trends and Market Analysis forecasted for period 2024-2031

Market Overview and Report Coverage

DIY Home Improvement refers to the practice of making changes and renovations to one's home without the help of professionals. This can include projects such as painting, installing new fixtures, building furniture, and more. The DIY Home Improvement market is currently experiencing steady growth, with more and more people choosing to take on home improvement projects themselves. The market is expected to continue to grow at a CAGR of % during the forecasted period.

The future outlook of the DIY Home Improvement market is positive, as homeowners increasingly embrace the idea of taking on DIY projects to save money and personalize their living spaces. Additionally, the availability of online tutorials and resources has made it easier than ever for people to learn how to complete various home improvement projects.

Key market trends in the DIY Home Improvement industry include an increased focus on sustainability and eco-friendly products, as well as a growing demand for smart home technology integration in DIY projects. Overall, the DIY Home Improvement market is poised for continued growth and innovation in the coming years.

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Market Segmentation

The DIY Home Improvement Market Analysis by types is segmented into:

• Lumber & Landscape Management
• Painting & Wallpaper
• Lighting & Decor
• Other

DIY Home Improvement Market Types include Lumber & Landscape Management, which focuses on materials for building, outdoor projects, and garden maintenance. Painting & Wallpaper market offers tools and supplies for interior and exterior painting projects. Lighting & Decor market provides fixtures and accents to enhance home aesthetics. Other market types include plumbing, HVAC, flooring, and kitchen/bath renovations, offering a wide range of products for various home improvement needs. Each market type caters to specific aspects of DIY home improvement, providing necessary tools and materials for successful projects.

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The DIY Home Improvement Market Industry Research by Application is segmented into:

• Offline
• Online

The DIY home improvement market applies to both offline and online platforms. Offline markets consist of physical stores where consumers can purchase tools, materials, and supplies for their home improvement projects. Online markets offer the convenience of shopping from the comfort of one's home and provide a wide range of products and resources for DIY enthusiasts. Both platforms cater to customers looking to enhance their living spaces through do-it-yourself projects.

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In terms of Region, the DIY Home Improvement Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global DIY Home Improvement market?

The global DIY home improvement market is experiencing several emerging trends, including the rising popularity of smart home technology, environmentally-friendly and sustainable products, and the increasing use of online platforms for purchasing DIY products and accessing tutorials. Current trends in the market include the growing demand for affordable and easy-to-use solutions for home improvement projects, the focus on creating personalized and unique home spaces, and the shift towards DIY renovation and remodeling projects as a result of the COVID-19 pandemic. Additionally, there is a continued emphasis on innovation and product development to cater to the evolving needs and preferences of DIY consumers.

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Major Market Players

ADEO Group is one of the leading players in the DIY home improvement market, with popular brands such as Leroy Merlin and Bricoman under its umbrella. The company has been experiencing steady market growth, driven by an increasing trend towards DIY projects among consumers. ADEO Group also focuses on expanding its e-commerce presence to cater to the growing online shopping behavior in the home improvement sector. The company's sales revenue reached € billion in 2020.

Kingfisher is another major player in the DIY home improvement market, with well-known brands like B&Q and Screwfix in its portfolio. The company has been focusing on sustainability and digital innovation, launching initiatives such as the 'Net Positive' strategy to reduce its environmental impact. Kingfisher's market growth has been supported by a rise in renovation activities amid the COVID-19 pandemic, with sales revenue reaching £12.3 billion in 2020.

HORNBACH Baumarkt is a key competitor in the DIY home improvement market, with a strong presence in Germany and other European countries. The company has been driving growth through international expansion and a focus on offering high-quality products and services to customers. HORNBACH Baumarkt's sales revenue was reported at €5.5 billion in 2020.

In terms of market size, the DIY home improvement sector is projected to continue growing, fueled by a surge in home renovation and decoration projects. The shift towards DIY activities among consumers, combined with the increasing availability of online tools and resources, is expected to drive further market expansion. As a result, players like ADEO Group, Kingfisher, and HORNBACH Baumarkt are poised to capitalize on these trends and strengthen their positions in the competitive landscape.

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