Do-it-Yourself (DIY) Home Improvement Retailing Market Scope
DIY is the practice of making and altering all projects yourself. One uses this technique to create a gaze project without the help of an expert. A broad term denoting the formation or transformation of innovative products such as footwear holders, letter panels, paintings, etc. DIY home improvement products used for maintenance staff, plumbing, and other home improvement purposes are considered target market products. In developing countries, surge in working female population and participation in decision-making is expected to propel the market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | The Home Depot, Inc. (United States), Lowe's (United States), Kesko Corporation (Finland), Groupe Adeo SA (France), Wesfarmers Limited (Australia), Kingfisher Plc. (United Kingdom), Menards, Inc. (United States), Walmart, Ace (United States), Hardware Corporation (United States) and Amazon (United States) |
CAGR | % |
The Do-It-Yourself (DIY) Home Improvement Retailing market is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
The Home Depot, Inc. (United States), Lowe's (United States), Kesko Corporation (Finland), Groupe Adeo SA (France), Wesfarmers Limited (Australia), Kingfisher Plc. (United Kingdom), Menards, Inc. (United States), Walmart, Ace (United States), Hardware Corporation (United States) and Amazon (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Do-it-Yourself (DIY) Home Improvement Retailing market by Type and Region with country level break-up.
On the basis of geography, the market of Do-it-Yourself (DIY) Home Improvement Retailing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Influencing Trend:
Increasing Number of People Adopting a Zero-Waste Lifestyle, Which Is an Effective Way to Reduce Plastic Waste
Market Growth Drivers:
Increase In Home Purchases and the Introduction of Home Remodelling TV Shows and Growing Popularity of DIY Projects among Consumers
Challenges:
Safety and quality concerns
Restraints:
Lack of Skilled Professionals
Opportunities:
Increasing Number of Eco-Friendly DIY Projects and Rising in Eco-friendly DIY projects.