What Fueled The Previous Growth In The Do-It-Yourself Home Improvement Retailing Market?
The do-it-yourself home improvement retailing market has seen considerable growth due to a variety of factors.
• The do-it-yourself home improvement retailing market has seen strong growth in recent years. It is projected to grow from $863.57 billion in 2024 to $926.89 billion in 2025, at a CAGR of 7.3%.
The growth can be attributed to the rising popularity of DIY projects, a demand for personalized interior design, lifestyle changes, and increased participation of working women in home decoration.
How Does the Forecast Look for the Do-It-Yourself Home Improvement Retailing Market?
The do-it-yourself home improvement retailing market is expected to maintain its strong growth trajectory in upcoming years.
• The do-it-yourself home improvement retailing market will grow strongly, reaching $1,213.43 billion by 2029 at a CAGR of 7.0%.
Growth drivers include expanding online sales, increased demand for personalized lawn care, and DIY trends. Key trends include smart home integration, sustainability, AR-based virtual previews, and personalized interior design.
What Are The Leading Drivers Of Growth In The Do-It-Yourself Home Improvement Retailing Market?
The expansion of e-commerce is expected to boost the growth of the do-it-yourself home improvement retailing market. E-commerce's growth is driven by increased smartphone use and internet access, providing consumers with convenience and a variety of products. It supports the DIY home improvement sector by offering customers easy access to diverse products, tutorials, and shipping options, encouraging more home renovation projects. For instance, in May 2024, the U.S. Census Bureau reported retail e-commerce sales for Q1 2024 reached $289.2 billion, a 2.1% increase from the previous quarter. This growth in e-commerce is propelling the DIY home improvement retail market.
How Are The Segments Defined Within The Global Do-It-Yourself Home Improvement Retailing Market?
The do-it-yourself home improvement retailing market covered in this report is segmented –
1) By Product: Lumber And Landscape Management, Tools And Hardware, Decor And Indoor Garden, Kitchen, Lighting And Other Products
2) By Application: Residential, Commercial
3) By Distribution: Offline, Online
Subsegments:
1) By Lumber And Landscape Management: Lumber, Plywood And Paneling, Wood Siding And Trims, Outdoor Furniture, Garden Tools And Equipment
2) By Tools And Hardware: Power Tools, Hand Tools, Fasteners And Adhesives, Paints And Paint Supplies, Safety Equipment
3) By Decor And Indoor Garden: Wall Décor, Flooring And Carpeting, Curtains, Blinds, And Shades, Indoor Plants And Gardening Supplies, Rugs And Mats
4) By Kitchen: Cabinets And Countertops, Kitchen Appliances, Kitchen Storage And Organization, Sinks And Faucets, Backsplashes And Tile
5) By Lighting And Other Products: Light Fixtures, Ceiling Fans And Ventilation, Bulbs And Lighting Accessories, Electrical Wiring And Components, Plumbing Fixtures And Supplies
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Which Emerging Market Trends Are Altering The Do-It-Yourself Home Improvement Retailing Industry?
Companies in the do-it-yourself home improvement retail market are integrating augmented reality (AR) and data analysis into their stores to improve customer experience, product visualization, and inventory management. AR in home improvement retail creates immersive shopping experiences with digital overlays such as product demos and visual guides. For example, in September 2022, Lowe's, a US-based home improvement retailer, introduced a digital twin of its stores using NVIDIA's Omniverse technology. The virtual replica helps associates interact with store data in a 3D format, improving operations and better serving customer needs.
Who Are the Key Players In The Do-It-Yourself Home Improvement Retailing Market?
Major companies operating in the do-it-yourself home improvement retailing market are:
• Amazon.com Inc.
• The Home Depot Inc.
• Lowe's Companies Inc.
• IKEA
• Groupe Adeo SA
• Wesfarmers Limited
• BayWa AG
• Tractor Supply Company
• Menard Inc.
• Bunnings Group Limited
• OBI Group Holding SE and Co. KGaA
• Ace Hardware Corporation
• Toolstation Limited
• HORNBACH Holding AG and Co. KGaA
• Flipkart Private Limited
• Home Hardware Stores Ltd.
• Grafton Group plc
• Maxeda DIY Group B.V.
• Mr D.I.Y. Group
• Castorama
• Brico BricoPlanit
• REWE Group
• UBUY Inc.
• Wickes Group Plc
• Praktiker AG
What Is The Most Dominant Region In The Do-It-Yourself Home Improvement Retailing Market?
North America was the largest region in the do-it-yourself home improvement retailing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the do-it-yourself home improvement retailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
