The global DIY home improvement market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The growing disposable income along with consumers willingness to make changes in their home by their own is a key factor driving the growth of the global DIY home improvement market.DIY home improvement products and services allow homeowners to do their work with the help of DIY home improvement tools, appliances, and appliances. Lifestyle changes have increased interest in DIY interior design. In addition, in developing regions, the growing number of working women and their participation in home decorating decisions also increases the sales of products needed for such projects. Later, the acceptance of DIY home improvement products is increasing. The use of DIY products reduces long-term costs rather than the work assigned to expensive staff. The demand for DIY home improvement products is a major factor driving the market.
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The growing popularity of DIY projects among people especially among homeowners around the world is an important factor driving the need for DIY tools, which can ultimately thrive in the market during forecast period. According to a study by ANGI Home Services Inc., a local leader in home improvement, home appliances remain important among other resources by 2020 as 90% of homeowners continue to rent programs to try out DIY projects. Homeowners show an interest in 54% and 52% of the country’s landscaping and planning work. The growth of urban areas coupled with the changing lifestyle of consumers is one of the factors that could boost the growth of the DIY home improvement market. Additionally, DIY is increasingly focusing on waste-free DIY projects to build environmentally friendly homes. DIY develops products made sustainably and safely. In addition to this, customers around the world are showing an interest in healthy and expensive DIY products. Therefore, a few innovative players come up with attractive ideas to increase their customer reach.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Lowe’s, Menard Inc., Walmart Inc., ADEO, and The Home Depot, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global DIY Home Improvement Market Report by Segment
By Type
- Lumber and Landscape Management
- Décor and Indoor Garden
- Kitchen
- Painting and Wallpaper
- Tools and Hardware
- Building Materials
- Lighting
- Plumbing and Equipment
- Flooring
- Repair and Replacement
- Electrical Work
By Distribution Channel
- DIY Home Improvement Stores
- Specialty Stores
- Online
- Furniture
- Other Physical Stores
A full report of Global DIY Home Improvement Market is available at: https://orionmarketreports.com/global-diy-home-improvement-market/118000/
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