NEW YORK, July 11, 2023 /PRNewswire/ — The do-it-yourself home improvement retailing market size is set to grow by USD 186.33 million between 2023 and 2027, and register a CAGR of 4.41%, according to Technavio’s latest market research report estimates . Some of the major vendors of the do-it-yourself home improvement retailing market include BAUHAUS E Business Gesellschaft fur Bau und Hausbedarf mbH and Co. KG, BayWa Bau and Gartenmarkte GmbH and Co. KG, GLOBUS Markthallen Holding GmbH and Co. KG, Grafton Group plc, Groupe Adeo, hagebau connect GmbH and Co. KG, Hornbach Baumarkt AG, Improve Inc., Kingfisher Plc, Lowes Companies Inc., Menard Inc., Mr D.I.Y. Group M Berhad, OBI Group Holding SE and Co. KGaA, Otto GmbH and Co. KG, REWE Group, Stark Group AS, The Home Depot Inc., Travis Perkins Plc, Wesfarmers Ltd., and Wickes Group Plc. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the do-it-yourself home improvement retailing market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report
BAUHAUS E-Business Gesellschaft fur Bau und Hausbedarf mbH and Co.: The company offers do it yourself home improvement retailing such as decorative stones, colored sand, and self adhesive mosaic.
GLOBUS Markthallen Holding GmbH and Co. KG : The company offers do it yourself home improvement retailing such as gardening tools, building materials, and flooring materials.
Grafton Group plc: The company offers do it yourself home improvement retailing under the brands such as Huws Gray Buildbase, Hirebase, and Electricbase.
The report also covers the following areas:
Do-it-Yourself Home Improvement Retailing Market 2023-2027: Segmentation
The market share growth by the offline segment will be significant during the forecast period. DIY home improvement products are mainly offered through offline distribution channels such as specialty stores, hypermarkets, department stores, and warehouse clubs. With the increase in the number of independent retailers around the globe, the sales of DIY home improvement products through this channel are expected to increase during the forecast period.
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Global competitiveness and key competitor positions
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Key Driver- The greater emphasis on DIY home improvement projects for personalized interior designing is a key factor driving the global DIY home improvement retailing market growth.
Leading Trend- The uptake of AR applications for home improvement projects is the key trend shaping the growth of the market. Technological advances extend to DIY home improvement projects. For example, Europe’s largest home improvement retailer Kingfisher upgraded its first mobile in-store technology in 2014The advanced web-enabled handheld device allows mobile checkout and offers service tool features such as checking inventory and explaining mobile features. Customers can also go online to check ratings and compare prices for various products. This application, which is supported on the Android and iPhone Operating System (iOS) platforms, enables users to get precise furniture measurements. These applications visualize multiple photorealistic 3D items to create a planned configuration of kitchens, bathrooms, and living rooms. Hence, the advent of AR is expected to fuel the growth of the market.
Significant Challenges- The shifting consumer preference towards DIFM from DIY culture is a major challenge to the global DIY home improvement retailing market growth.
Do-it-Yourself Home Improvement Retailing Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist do-it-yourself home improvement retailing market growth during the next five years
Estimation of the do-it-yourself home improvement retailing market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the do-it-yourself home improvement retailing market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of do-it-yourself home improvement retailing market vendors
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Do-it-Yourself Home Improvement Retailing Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.41%
Market growth 2023-2027
USD 186.33 million
YoY growth 2022-2023(%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 43%
US, China, Germany, France, and UK
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
BAUHAUS E Business Gesellschaft fur Bau und Hausbedarf mbH and Co. KG, BayWa Bau and Gartenmarkte GmbH and Co. KG, GLOBUS Markthallen Holding GmbH and Co. KG, Grafton Group plc, Groupe Adeo, hagebau connect GmbH and Co. KG, Hornbach Baumarkt AG, Improve Inc., Kingfisher Plc, Lowes Companies Inc., Menard Inc., Mr D.I.Y. Group M Berhad, OBI Group Holding SE and Co. KGaA, Otto GmbH and Co. KG, REWE Group, Stark Group AS, The Home Depot Inc., Travis Perkins Plc, Wesfarmers Ltd., and Wickes Group Plc
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID -19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
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Table of content
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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