Do-It-Yourself Home Improvement Retailing Market by Products, Distribution Channel

Description

List of Tables

The Do-It-Yourself Home Improvement Retailing Market was valued at USD 963.18 million in 2023, expected to reach USD 1,015.17 million in 2024, and is projected to grow at a CAGR of 5.88%, to USD 1,437.35 million by 2030.

The Do-It-Yourself (DIY) Home Improvement Retailing market focuses on products and services that empower consumers to undertake home renovation projects without professional assistance, ranging from basic maintenance tasks to extensive remodeling efforts. The necessity for DIY home improvement retailing stems from desires for cost savings, personalization of living spaces, and the satisfaction derived from creating one's own environment. Its applications span various domains including aesthetic enhancements, structural repairs, and energy-efficient upgrades. End-users primarily include homeowners and renters who are motivated by cost-effectiveness, empowerment, and growing access to instructional resources via digital platforms.

KEY MARKET STATISTICS
Base Year [2023]	USD 963.18 million
Estimated Year [2024]	USD 1,015.17 million
Forecast Year [2030]	USD 1,437.35 million
CAGR (%)	5.88%

Current market growth is propelled by the rising trend of DIY culture, fueled by economic factors and a growing repository of online tutorials and digital tools that make home improvement projects more accessible. Opportunities abound with the integration of smart home technologies into DIY offerings, which could enhance user satisfaction and operational efficiency. Retailers can capitalize on this by developing strategic partnerships with tech firms and expanding their smart home DIY product lines. Sustainability-focused products, including energy-efficient appliances and eco-friendly materials, also present promising prospects, driven by a rising consumer inclination towards environmentally-conscious living.

However, challenges remain, such as the potential for injury or improper execution by amateur DIYers, which can deter less confident consumers. There is notably a gap in providing sufficient guidance and aftermarket support, which could be mitigated by investing in customer service and augmented reality (AR) tools to offer real-time project assistance.

Innovation should focus on developing user-friendly digital platforms with AR capabilities and enhanced e-learning modules to improve DIY success rates. Insights into the competitive landscape reveal a fragmented market with a mix of large DIY retail chains and niche players, who must navigate fluctuating economic conditions and changing consumer preferences. Retailers can achieve business growth by pivoting toward digital transformation, curated instructional content, and aligning product offerings with sustainable trends, positioning themselves to harness emerging opportunities effectively.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Do-It-Yourself Home Improvement Retailing Market

The Do-It-Yourself Home Improvement Retailing Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Interest in home improvement and renovation activities worldwide
- Rising availability of interior & garden designing DIY products through online channels
- Popularity of utilizing sustainable materials in self-home modernization projects
Market Restraints
- Concerns associated with poor quality products and time-consuming procedure
Market Opportunities
- Emergence of social media and online streaming platforms to promote DIY home improvement
- Introduction of technologically advanced and smart DIY home designing tools
Market Challenges
- Safety hazards associated with DIY projects

Porter's Five Forces: A Strategic Tool for Navigating the Do-It-Yourself Home Improvement Retailing Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Do-It-Yourself Home Improvement Retailing Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Do-It-Yourself Home Improvement Retailing Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Do-It-Yourself Home Improvement Retailing Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Do-It-Yourself Home Improvement Retailing Market

A detailed market share analysis in the Do-It-Yourself Home Improvement Retailing Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Do-It-Yourself Home Improvement Retailing Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Do-It-Yourself Home Improvement Retailing Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Do-It-Yourself Home Improvement Retailing Market

A strategic analysis of the Do-It-Yourself Home Improvement Retailing Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Do-It-Yourself Home Improvement Retailing Market, highlighting leading vendors and their innovative profiles. These include Amazon.com, Inc., Chadwicks, Groupe ADEO, Homebase, Inter IKEA Systems B.V., Kingfisher PLC, Lowe's Companies, Inc., Maxeda DIY Group, Pepperfry Limited, The Home Depot, Inc., Travis Perkins Trading Company Limited, Walmart Inc, Wesfarmers Limited, and Woody's Home Improvement Centre.

Market Segmentation & Coverage

This research report categorizes the Do-It-Yourself Home Improvement Retailing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Products, market is studied across Building Materials, Decor & Indoor Garden, Electrical Work Material, Flooring Repair & Replacement Materials, Lighting, Painting, Plumbing Materials & Equipment, Tools & Hardware, and Wallpaper & Supplies.
Based on Distribution Channel, market is studied across Offline and Online.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-270D5048E5AA

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Interest in home improvement and renovation activities worldwide
  - 5.1.1.2. Rising availability of interior & garden designing DIY products through online channels
  - 5.1.1.3. Popularity of utilizing sustainable materials in self-home modernization projects
- 5.1.2. Restraints
  - 5.1.2.1. Concerns associated with poor quality products and time-consuming procedure
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of social media and online streaming platforms to promote DIY home improvement
  - 5.1.3.2. Introduction of technologically advanced and smart DIY home designing tools
- 5.1.4. Challenges
  - 5.1.4.1. Safety hazards associated with DIY projects
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Do-It-Yourself Home Improvement Retailing Market, by Products

6.1. Introduction
6.2. Building Materials
6.3. Decor & Indoor Garden
6.4. Electrical Work Material
6.5. Flooring Repair & Replacement Materials
6.6. Lighting
6.7. Painting
6.8. Plumbing Materials & Equipment
6.9. Tools & Hardware
6.10. Wallpaper & Supplies

7. Do-It-Yourself Home Improvement Retailing Market, by Distribution Channel

7.1. Introduction
7.2. Offline
7.3. Online

8. Americas Do-It-Yourself Home Improvement Retailing Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Do-It-Yourself Home Improvement Retailing Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Do-It-Yourself Home Improvement Retailing Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Amazon.com, Inc.
2. Chadwicks
3. Groupe ADEO
4. Homebase
5. Inter IKEA Systems B.V.
6. Kingfisher PLC
7. Lowe's Companies, Inc.
8. Maxeda DIY Group
9. Pepperfry Limited
10. The Home Depot, Inc.
11. Travis Perkins Trading Company Limited
12. Walmart Inc
13. Wesfarmers Limited
14. Woody's Home Improvement Centre