LONDON--(BUSINESS WIRE)--The global DIY home improvement retailing market size is poised to grow by USD 119 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 4% during the forecast period.
Read the 132-page research report with TOC on "DIY Home Improvement Retailing Market Analysis Report by product type (lumber and landscape management, tools and hardware, décor and indoor garden, kitchen, painting, wallpaper, and supplies, building materials, plumbing materials and equipment, flooring repair, and replacement materials, electrical work materials, and lighting), and geography (the Americas, APAC, and EMEA) 2019 - 2023" at: https://www.technavio.com/report/global-do-it-yourself-diy-home-improvement-retailing-market-industry-analysis
The market is driven by the advent of e-commerce, free pick-up, and delivery opportunities by key competitors. Also, growing emphasis on DIY home improvement projects for personalized interior designing is anticipated to further boost the growth of the market during the forecast period.
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Convenient and comfortable shopping have become very important because of hectic lifestyles and work schedules. Many key competitors have opened their own online stores to offer cheap pick-up and delivery services. This reduces the effort of the consumers to get their DIY home improvement products by incurring extra costs. For example, in 2018, Walmart alone experienced a rise of over 20% to 25% in its online revenues, ever since it embraced e-commerce. The convenience of shopping and doorstep delivery of products has increased the online purchase of DIY products. Thus, the advent of e-commerce, free pick-up, and delivery opportunities will drive the growth of the market during the forecast period.
The market is also expected to be driven by the growing emphasis on DIY home improvement projects for personalized interior designing. The interest of individuals in DIY interior designing is evolving due to the changes in lifestyles. In addition, the growing population of working women in developing countries and their participation in the decision-making process for home decoration is also driving the sales of products required for such projects. The use of DIY products lowers costs, which will be a major factor behind the rising demand for DIY home improvement products over the next five years.
To find out more about DIY Home Improvement Retailing Market Research 2019-2023, https://www.technavio.com/talk-to-us?report=IRTNTR30529
The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Home Depot Product Authority
Market Segmentation by Application:
The DIY Home Improvement Retailing Market can be broadly categorized into the following:
- Lumber and landscape management
- Tools and hardware
- Décor and indoor garden
- Painting, wallpaper, and supplies
- Building materials
- Plumbing materials and equipment
- Flooring repair, and replacement materials
- Electrical work materials
Key Regions for the DIY Home Improvement Retailing Market:
Featuring a breakdown of region-wise market shares until 2019.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Related Reports on Consumer Discretionary are:
Do-it-Yourself (DIY) Home Improvement Retailing Market in Europe – Do-it-Yourself (DIY) Home Improvement Retailing Market in Europe by product (lumber and landscape management, décor and indoor garden, kitchen, painting and wallpaper, tools and hardware, building materials, lighting, plumbing materials and equipment, flooring, repair, and replacement, and electrical work).
Consumer Stationery Retailing Market – Global Consumer Stationery Retailing Market by product (paper-based stationery, writing equipment, and marking and correction equipment), and geography (APAC, Europe, North America, MEA, and South America).
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