Global DIY Home Improvement Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global DIY Home Improvement Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Home improvement, home renovation, or remodelling is the process of renovating or making additions to one's home. Home improvement can be projects that upgrade an existing home interior (such as electrical and plumbing), exterior (masonry, concrete, siding, roofing), or other improvements to the property (i.e. garden work or garage maintenance/additions). DIY Home Improvement means to do home improvement by yourself.

Market Overview:

The latest research study on the global DIY Home Improvement market finds that the global DIY Home Improvement market reached a value of USD 718850.0 million in 2022. It’s expected that the market will achieve USD 899277.97 million by 2028, exhibiting a CAGR of 3.8% during the forecast period.

Strength

Mature production chain.
Economies of scale.
Ability to sell product online or offline.

Weakness

Competitors can offer similar products quickly.
High transporation costs.
Relatively limites flexibility in pricing.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Home Depot Product Authority, LLC is one of the major players operating in the DIY Home Improvement market, holding a share of 15.11% in 2021.

Home Depot Product Authority, LLC

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Lowe's

Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating.

Segmentation Overview:

As for product types, the Household Cleaning Items segment held the largest market share in 2022.

Application Overview:

By application, the Offline segment occupied the biggest share from 2018 to 2022.

Key Companies in the global DIY Home Improvement market covered in Chapter 3:

Bauhaus
Lowe's
Home Depot
Ace Hardware
Kingfisher
HORNBACH Baumarkt
Bunnings
Canadian Tire
OBI Group Holding
Travis Perkins
ADEO
Menard
Sears Holding
Les Mousquetaires
Intergamma

In Chapter 4 and Chapter 14.2, on the basis of types, the DIY Home Improvement market from 2018 to 2029 is primarily split into:

Household Cleaning Items
Household Decoration Items
Tools
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the DIY Home Improvement market from 2018 to 2029 covers:

Offline
Online

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)