Category: Home Centers & Hardware Stores
Home Centers & Hardware Stores market research reports by Euromonitor International
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Home Products Specialists in the Czech Republic
Overall, home products specialists in the Czech Republic registered a marginal increase in outlet number and good, if slower, retail current value growth in 2024. The largest category, home improvement and gardening stores, experienced growing demand as the economic situation and material costs stab ... Read More
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Home Products Specialists in Slovakia
In 2024, retail value sales in home product specialists increased by 1%. Slovak households demonstrated a reluctance to spend on non-essential items, resulting in a strong demand for price deals and discounts. Promotional activities and loyalty programs continued to attract consumers to stores; howe ... Read More
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Home Products Specialists in South Korea
Despite seeing a slight decline in outlet numbers in 2024, home products specialists in South Korea experienced current value growth in this year, driven by increasing consumer interest in home improvement and lifestyle enhancement. Home improvement and gardening stores saw an uptick in sales, benef ... Read More
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Home Products Specialists in Japan
Japan’s location at the intersection of several tectonic plates makes it highly susceptible to earthquakes, with some major seismic events occurring in cycles of hundreds of years. One such event is the anticipated Nankai Trough Earthquake, which could devastate the middle to southern Pacific coast, ... Read More
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Home Products Specialists in Australia
Home products specialists in Australia recorded a weak performance in 2024, driven by the value sales decline of home improvement and gardening stores, which dominates the channel. On the other hand, homewares and home furnishing stores recorded flat growth during the year, as many consumers delayed ... Read More
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Home Products Specialists in Singapore
Home products in Singapore was supported in part by rising pet ownership in 2024, which has been on an upward trajectory throughout the review period. Growth in pet ownership supported by an expanding ‘pawrents’ movement wherein consumers see their pets as not just animals, but equal members of the ... Read More
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Home Products Specialists in Indonesia
Home products specialists saw value sales stagnate in current terms in Indonesia in 2024, Home improvement and gardening stores experienced further growth, at a slightly higher rate than in the previous year. Indeed, each of the top four players in the category experienced positive value sales growt ... Read More
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Home Products Specialists in Saudi Arabia
Consumer demand for home products is being driven by urbanisation, the steady rise in average disposable income, and more diversified offerings in homeware and furniture stores. The Saudi government continues to invest in residential homes to reach the targeted 70% home ownership by 2030. As more pe ... Read More
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Home Products Specialists in Hong Kong, China
Value sales of homewares and home furnishing stores in Hong Kong stagnated in 2024 following a strong decline the previous year, with many consumers becoming more cautious with their discretionary spending. This was particularly relevant as they had already made significant investments in these prod ... Read More
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Home Products Specialists in New Zealand
Financial pressures continued to be the primary barrier to spending in New Zealand’s home product specialists over 2024. For the first time since the pandemic, annual inflation in 2024 sat within the country’s target band at 2.2%. Although consumer price inflation slowed there was still ongoing stic ... Read More
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Home Products Specialists in Portugal
Home products specialists achieved small positive value sales in Portugal in 2024, which are expected to remain stable around this rate of growth over the forecast period. Growth is, however, at a lower level than seen over the recent review period, due to consumers’ disposable incomes and spending ... Read More
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Home Products Specialists in Vietnam
Home products specialists in Vietnam record a positive growth rate in both current value sales and the number of outlets in 2024, despite a challenging economic environment. Consumers are increasingly inclined to save money and restrict spending on items they perceive as non-essential. An emerging h ... Read More
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Home Products Specialists in Chile
After the drive created by consumers adapting to quarantine needs during the pandemic, the reopening of society and high inflation meant that many consumers turned away from home products specialists in Chile towards the end of the review period. These factors, combined with the rise of e-commerce p ... Read More
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Home Products Specialists in Turkey
In 2024, home products specialists in Turkey remained impacted by still-high inflation levels and interest rates This helped to support value sales but also posed as a constraint to consumer spending power and investment momentum from players. Despite these factors, the channel remains fairly resili ... Read More
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Home Products Specialists in Hungary
Although home products specialists in Hungary saw current value sales contract for a second consecutive year in 2024, the rate of decline was modest and much slower that recorded in 2023. This improvement was underpinned by a sustained drop in inflation, which strengthened confidence and purchasing ... Read More
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Appliances and Electronics Specialists in Hungary
Appliances and electronics specialists in Hungary performed solidly in current value terms in 2024, with sales rising at a slightly faster pace than in 2023. Trade was bolstered by improvements in confidence and purchasing power among the population as inflation came down substantially. More favoura ... Read More
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Home Products Specialists in the Philippines
Home products specialists in the Philippines saw healthy growth in current value terms in 2024. With continued economic recovery, demand in construction and real estate is surging, prompting more consumers to invest in home renovation projects. Whether opting for professional construction services o ... Read More
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Home Products Specialists in Malaysia
All categories of home products specialists in Malaysia registered positive growth in retail value sales and outlet terms in 2024. Amidst economic pressures, such as inflation and high interest rates, consumers in Malaysia remained cautious over spending. Against this backdrop, retailers that focuse ... Read More
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Home Products Specialists in Thailand
Many consumers in Thailand continued to face financial pressures in 2024 due to high household debts, an increase in the cost of living and reduced disposable income. Despite these pressures, home product specialists saw solid growth in current value terms in Thailand in 2024 while the number of out ... Read More
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Home Products Specialists in Italy
Home improvement and gardening stores saw declining sales in 2024 in current value terms, with the number of outlets also declining. This was a consequence of the high inflation in Italy and the consequent reduced available income of Italians, with this creating economic uncertainty which forced som ... Read More
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Home Products Specialists in Romania
While home products specialists registered modest current value growth in Romania in 2024, constant value growth fell. While inflation eased, prices were still rising and this cut into profit margins. Consumers also continued to be price sensitive, after several years of price hikes, and as such wer ... Read More
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Home Products Specialists in Colombia
In 2024, home products specialists continued their downward trend due to high interest rates and the lack of consumer confidence, which led many people to postpone renovations and changes to their homes. Despite posting negative results, Homecenter (Sodimac Colombia SA) continues to invest in innova ... Read More
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Home Products Specialists in Sweden
Home products specialists fell into small negative value growth in Sweden in 2024, as the category faces a similar dynamic as seen in appliances and electronics specialists. Firstly, home improvement and gardening stores, as well as homewares and home furnishing stores, had seen strong growth during ... Read More
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Home Products Specialists in Poland
Within home products specialists in Poland, homewares and home furnishing stores saw declining sales and outlet numbers in 2024, primarily due to reduced consumer spending as a result of rising interest rates and increased costs of living. While inflation has decreased from its 2023 peak and consume ... Read More
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Retail in the US
In September 2024, the US Federal Reserve lowered the federal funds rate for the first time since March 2020, signalling a near end to the inflationary macroeconomy. While inflation showed signs of abating, grocery prices remained on average about 25% higher than 2019 levels, according to the US Dep ... Read More
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