The global hardware & home improvement retailers market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. Technological advancements have led to the development of smart appliances which is driving the market growth. Smart appliances offer advanced features and are more energy efficient. The rise in consumer disposable income, high living standards, and the requirement for comfort encourage consumers to upgrade their existing appliances to smarter versions. Further, the easy availability of these products online via e-commerce channels is fueling the global hardware & home improvement retailers market. According to the United Nations (UN) Conference on Trade and Development report, online retail sales grew markedly in several countries, with the Republic of Korea reporting the highest share at 25.9% in 2020, up from 20.8% in 2019. Meanwhile, global e-commerce sales jumped to $26.7 trillion in 2019, up 4.0% from 2018. The growth in e-commerce business across the region along with increasing online sales of hardware and retail sales for house renovations, decoration, and other needs is driving the global hardware & home improvement retailers market.
Furthermore, the growing disposable income, rising urbanization, and expansion of retail stores providing hardware & home improvement to meet the rising demand are anticipated to drive the global hardware & home improvement retailers market across the globe. For instance, in February 2022, Brico Dépôt opened its second outlet, in an especially dedicated area in the Br?ila store, located in the Br?ila mall shopping center, where a wide range of home and garden DIY (Do-It-Yourself) products are available to customers, at prices reduced up to 80.0%. Brico Outlet Br?ila offered a variety of products and solutions for home improvement, of the best quality, from building materials, and kitchen and bathroom products, to storage solutions or decorations.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Home Depot, Inc., Wickes Building Supplies Ltd., Amazon.com, Inc, Bricostore Romania SA, Canadian Tire Corp., Ltd., and others.
Hardware & Home Improvement Retailers Market Report Segment
By Type
- Door Hardware
- Building Materials
- Kitchen And Toilet Products
- Others
By Distribution Channel
- Offline retail Stores
- Online
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Hardware & Home Improvement Retailers Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Ace Hardware Corp. (Inside Tweedy and Popp Hardware)
- Alibaba Group
- com, Inc.
- BAUHAUS AG
- Bricostore Romania SA
- Bunnings Group Ltd.
- Canadian Tire Corporation, Ltd.
- eBay Inc.
- Globus Holding GmbH & Co. KG.
- HORNBACH Group
- Maxeda DIY Group(Praxis)
- OBI GmbH & Co. Deutschland KG
- Rona
- The Home Depot, Inc.
- Toom Baumarkt GmbH
- Wickes Building Supplies Ltd.
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