DIY Home Improvement Market is Booming Worldwide

DIY Home Improvement Market

HTF MI recently introduced Global DIY Home Improvement Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Home Depot, Lowe’s, IKEA, B&Q, Walmart, Target, Amazon, Menards, Ace Hardware, Wayfair, OBI, Leroy Merlin, Kingfisher, Bauhaus, Alibaba, Screwfix, TruValue, Williams-Sonoma, H&M Home, Homebase.

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According to HTF Market Intelligence, the Global DIY Home Improvement market size was valued at 800 Billion USD in 2023 and is projected to reach 1.3 Trillion USD by 2032, growing at a CAGR of 6.7%.

The DIY Home Improvement market is segmented by Types (Power Tools, Hand Tools, Paint & Decorating, Plumbing, Flooring & Tile), Application (Home Renovation, Garden & Outdoor Projects, Interior Design, DIY Furniture, Small Repairs) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).

Definition:

DIY (Do It Yourself) home improvement refers to the practice of homeowners completing renovation, repair, or decorative projects on their own rather than hiring professionals. DIY home improvement activities can range from simple tasks like painting and decorating to more complex projects such as remodeling kitchens or bathrooms, installing flooring, or building furniture. Many DIY enthusiasts are motivated by the desire to save money, personalize their living spaces, or learn new skills. DIY projects can be supported by online tutorials, instructional videos, and home improvement workshops, which have grown in popularity with platforms like YouTube and Pinterest. While DIY home improvement can offer a sense of accomplishment, it also requires knowledge of the proper tools, materials, and techniques to ensure the safety and quality of the work. When done correctly, DIY home improvement can add value to a home and provide a rewarding, hands-on experience.

Trends:

• Surge in online tutorials, virtual consultations, and e-commerce platforms for home improvement products.

Drivers:

• Rising consumer interest in home renovations, especially due to lifestyle changes (e.g., remote working).

Opportunities:

• Expansion in the online market for DIY kits, tools, and project-specific materials.

Challenges:

• Supply chain disruptions, especially in materials, and the risk of improper use or safety issues.

Dominating Region:

• North America, Europe

Fastest-Growing Region:

• Asia-Pacific, Latin America

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The titled segments and sub-section of the market are illuminated below:

In-depth analysis of DIY Home Improvement market segments by Types: Power Tools, Hand Tools, Paint & Decorating, Plumbing, Flooring & Tile

Detailed analysis of DIY Home Improvement market segments by Applications: Home Renovation, Garden & Outdoor Projects, Interior Design, DIY Furniture, Small Repairs

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

• North America (United States, Mexico & Canada)

• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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DIY Home Improvement Market Research Objectives:

– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.

– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).

– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.

– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.

– To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

• Political (Political policy and stability as well as trade, fiscal, and taxation policies)

• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)

• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)

• Technological (Changes in digital or mobile technology, automation, research, and development)

• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)

• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Points Covered in Table of Content of Global DIY Home Improvement Market:

Chapter 01 – DIY Home Improvement Executive Summary

Chapter 02 – Market Overview

Chapter 03 – Key Success Factors

Chapter 04 – Global DIY Home Improvement Market – Pricing Analysis

Chapter 05 – Global DIY Home Improvement Market Background or History

Chapter 06 – Global DIY Home Improvement Market Segmentation (e.g. Type, Application)

Chapter 07 – Key and Emerging Countries Analysis Worldwide DIY Home Improvement Market

Chapter 08 – Global DIY Home Improvement Market Structure & worth Analysis

Chapter 09 – Global DIY Home Improvement Market Competitive Analysis & Challenges

Chapter 10 – Assumptions and Acronyms

Chapter 11 – DIY Home Improvement Market Research Methodology

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.

Contact Us:

Nidhi Bhavsar (PR & Marketing Manager)

HTF Market Intelligence Consulting Private Limited

Phone: +15075562445

[email protected]

About Author:

HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

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