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A16634 | Pages: 175 | Charts: 58 | Tables: 130 |
The global do-it-yourself (diy) home improvement retailing market was valued at $848.20 billion in 2021, and is projected to reach $1,278.00 billion by 2030, growing at a CAGR of 4.37% from 2022 to 2030.
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The do-it-yourself (diy) home improvement retailing market is segmented into Type and Distribution Channel.
DIY is an abbreviation for "do-it-yourself." It entails repairing, maintaining, and improving aspects on your own without the assistance of a professional. After WWII, do-it-yourself projects became increasingly popular. The DIY movement was fueled by developments such as an increase in home purchases and the introduction of home remodeling TV shows. Because of our hectic lifestyles and work schedules, convenient and pleasurable shopping has become critical. Many of the company's major competitors have launched their own online stores to offer low-cost pick-up and delivery. This saves consumers‐™ time and money by reducing the amount of effort required to obtain DIY home improvement supplies. For example, since implementing e-commerce, Walmart's online revenues increased by more than 20% to 25% in 2018.
The growing popularity of do-it-yourself projects among consumers will drive the market growth during the forecast period. This increase will be primarily attributed to an increase in the number of people adopting the zero-waste lifestyle, which is an effective way to reduce plastic waste. Plastic is currently a major polluter of our environment. As a result, DIY manufacturers are focusing heavily on product safety, sustainability, and efficiency, as the use of hazardous chemicals and plastic substances causes environmental pollution when dumped in the environment.
The global market is segmented on the basis of type, distribution channel, and region. By type, market has been divided into building materials, décor & indoor garden, lighting, electrical work materials, tools & hardware, painting, wallpaper & supplies, plumbing materials & equipment, flooring repair & replacement materials, and outdoor. By distribution channel, the analysis has been divided into offline and online. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  Â
The key players profiled in this report include Travis Perkins, Kesko Corporation, Lowe's Companies, Inc., Amazon.com, Inc., Walmart Inc., UBUY Inc., Toolstation, Home Depot Product Authority, LLC, Flipkart.com, UBYLD RETAIL PRIVATE LIMITED.
[TYPEGRAPH]
By type, the market has been divided into building materials, décor & indoor garden, lighting, electrical work materials, tools & hardware, painting, wallpaper & supplies, plumbing materials & equipment, flooring repair & replacement materials, and outdoor. Painting sub-segment accounted for the highest revenue share in 2021. The availability of a wide range of DIY paint products such as terrace wall proofing, self-painting kit, frost effect spray, crackle effect spray, and so on is driving the growth of the painting sub-segment. Notable paint manufacturers such as Berger Paints India Limited and Asian Paints are implementing development strategies such as product innovation to expand their global customer reach. For example, Asian Paints announced the release of 'ezyCR8', a new DIY painting spray product, in August 2020. In the forecast years, such corporate initiatives are expected to drive the sub-segment.
[DISTRIBUTIONCHANNELGRAPH]
By distribution channel, the offline sub-segment accounted for the highest revenue share in 2021. Because a large percentage of DIY assets are available on the internet, in-store display plays a major role as far as how DIY consumers gain knowledge to manage DIYs. Trying to implement such strategies has boosted revenues for big-box retailers, and that they are equally useful in small and local home renovation business owners. Smaller companies commonly outperform big box stores in terms of customer assistance and shop relationships. 70% of any and all DIYers are likely to explore goods throughout, even though the final purchase is made available on the internet, as well as millennial homeowners are much more inclined to seek out and purchase quality products in-store, particularly paint.
[REGIONGRAPH]
By region, the Asia-Pacific region's do-it-yourself (DIY) home improvement retailing market share is expected to grow the fastest during the forecast period. Increasing cutting-edge DIY product innovation, as well as technological advancement, are some of the key factors that will drive the Asian market forward. Furthermore, the increase in urbanization in Asian countries will accelerate the market. Countries such as China and India are expected to thrive as the world's urbanization accelerates. According to a UN (United Nations) study, India has 416 million urban residents compared to 255 million in China. Furthermore, business expansion and private-public strategic alliances will drive the size of the do-it-yourself (DIY) home improvement retailing market in the near future.
KEY BENEFITS FOR STAKEHOLDERS
IMPACT OF COVID-19 ON THE GLOBAL DO-IT-YOURSELF (DIY) HOME IMPROVEMENT RETAILING MARKET
Key Market Segments
Key Market Players