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Do-It-Yourself

RA00157

Do-It-Yourself (DIY) Home Improvement Retailing Market, by Type (Building Materials,Decor and Indoor Garden, Lighting, Electrical Work Materials, Tools and Hardware, Painting, Wallpaper and Supplies, Plumbing Materials and Equipment, Flooring Repair and Replacement Materials), Distribution Channel (Offline,Online), Regional Analysis (North America, Europe, Asia Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00157

Pages: 117

Apr 2020

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Impact of covid-19 on Do-It-Yourself (DIY) Home Improvement Retailing Market

Global Do-It-Yourself (DIY) Home Improvement Retailing Market Insights 2026:

The global Do-It-Yourself (DIY) home improvement retailingmarketis expected to generate a revenue of $189.1million by 2026,risingfrom $137.1million in 2018 at a healthy CAGR of 4.1%.Asia-PacificDo-It-Yourself (DIY) home improvement retailing market is anticipated to grow at a healthy CAGR of 4.6% by registering revenue of $43.3million, during the forecasted period. Brand experience strategies along with rising urbanization ratesareprojected to augment the Asia-Pacific market growth.

Do-it-yourself (DIY) isthe activity of modifying or designing any specific object yourself. This technique enablesthe customer to develop DIY projects without the help of professional training or assistance. Do-it-yourself is a comprehensive term that refers to creating or modifying a product such aswall painting, letter boards,shoe holder planter and many others.

Leading E-Commerce players such as Shopify and 3dcart for Do-It-Yourself are anticipated to drive theglobal Do-it-yourself (DIY) home improvement retailing market.

The rise in popularity for Do-It-Yourself projects among the people is one of the major factors for the growth of the global Do-It-Yourself (DIY) home improvement retailing market.Changing consumer lifestyle along with increasing urbanization are also projected to drive the growth of the Do-It-Yourself (DIY) home improvement retailing market. For instance,according to the study of the UN (United Nations)in 2018,around 55% of the global population will beliving in urban areas, and by 2050, 68% of the global population is predicted to be urban. Moreover, significant e-commerce platforms for Do-It-Yourself Businesses are also projected to drive growth of Do-It-Yourself (DIY) home improvement retailing market.

Less number of skilled professionals in DIY businessesis anticipated to restrain the global Do-it-yourself (DIY) home improvement retailingmarket growth

Lack of availability of a product, lack of quality of the product, andless number of professionals operating in DIY home improvement tools are some of the restraining factors for the growth of DIY home improvement retailing market, over the projected period.

The environmentally-friendly DIY projects areprojected to create immense opportunities in theglobal market

Eco-friendly DIY projects for a Zero-waste home are anticipated to create lucrative opportunities for the growth of the Do-It-Yourself (DIY) home improvement retailing market, during the forecast period. In these projects, DIYers are focusing mainly on safely and sustainably made products.Constant utilization of hazardous chemical products can createsevere conditions for the air quality of the home. Hence, customers are producing theirown DIY cleaning products which arehealthier and budget-friendly. Moreover, fabric plantersare also used to improve the air quality of the home. Thus, the customer is showing more preference for DIY fabricplanter. In addition, new trends such asthe DIY home recycling center are also becoming popular amongthe people. These factors may lead to create a positive impact on the demand for Do-It-Yourself (DIY) products.

Décor and indoor garden segment has the siginificant growthin the global market and theyareanticipated to register a revenue of $23.3million by 2026, increasing from $16.5million in 2018.This is mainly because DIY planter projectsareconvenient, cost-effective, and easy to follow. Plant standscan be used to increase indoor planting space;moreover,clients preferDIY indoor gardenwhich helps to decorate the home. An Indoor garden is considered as the perfect decor for a windowsill or desk. This indoor garden design has plenty ofoptions for Mediterranean or annual plants such as oregano, basil, lavender, and many others.

Do-it-yourself (DIY) home improvement retailing market for the onlinesegment will have significant growth and it is anticipated to register a revenue of $84.9million,over the forecast period.In the online segment, key players have a well-integrated online ordering system; hence, they are easily able to reach thousands of people at a time, without having to make any additional spending in staff or infrastructure. An online system for DIY market players helps enhance the enterprise relationship management by offering end-to-end Customer Relationship Management (CRM) system.In the online segment, the client will never face issues of human error because every product is updated with details on the site, which makes it easy for the customer to have more visibility over the products. Moreover,the customer will have access to the online store from anywhere in the world, with the easy availability of services. 

Do-it-yourself (DIY) home improvement retailing market for the offlinesectorhasa significant share in the global market and is further projected to register a revenue of $104.2million, by 2026.This is mainly because storesoffer convenience along with increasing impulsive purchasing of products. Moreover, returns of the product are quite easier as compared to that ofe-commerce retailers. 

Asia-Pacific regionDo-it-yourself (DIY) home improvement retailing market share is anticipated to rise at a CAGR of 4.6% by generating a revenue of $43.3million by 2026. Growing technological advancements, and cutting edgeDIYproduct innovation are some of the driving factors thatare anticipated to surge the demand for Do-it-yourself (DIY) home improvement retailing product, and it is further anticipated to foster the growth of Asian Do-it-yourself (DIY) home improvement retailing market.Moreover, extensively increasing urbanization among Asian countries is one of the key factors for the growth of the Asian market.Countries such as India and China are projected to play a major role in the growth of the world's urbanization. For instance, according to the study of the United Nations, India is projected to add an estimated 416 million urban dwellers while China is anticipated to add around 255 million in its urban population. In addition, Asian DIYers prefer visual discovery engines such as Pinterest for DIY projects. Also, in 2019Pinterest set up new offices in Sydney and Singapore to strengthen the presence in the Asia-Pacific region. The aforementioned factors are anticipated to boost the growth of the Asian Do-it-yourself (DIY) home improvement retailing market.

The North America region has a major market and it will reach up to $71.5 million by the end of 2026 

The Do-It-Yourself (DIY) home improvement retailing market in the North America region has the dominating market and it has registered a revenue of $53.6million in 2018and it is anticipated to account for $71.5million by 2026. Extensively rising demand for DIY home improvement tools in North American countries such as the US and Canada is one of the important factors for the growth of Do-it-yourself (DIY) home improvement retailing in the North America market. Moreover, the substantial growth in dual-income of households has risen the consumer spend on DIY home improvement products. These elements are projected to boost the growth of Do-it-yourself (DIY) home improvement retailing in the North American market.

Some of the majorDo-it-yourself (DIY) home improvement retailing market key players includeItsy Bitsy, Toolstation, K-GROUP, Home Depot Product Authority, LLC, UBYLD RETAIL PRIVATE LIMITED, Walmart India, Amazon.com, Inc, UBUY CO., flipkart.com, and Lowe's.Do-it-yourself (DIY) home improvement retailing market players are emphasizing on Merger & acquisition and advanced product developments.These are the frequent strategies followed by the established organizations.

Porter’s Five Forces Analysis for Do-It-Yourself (DIY) Home Improvement Retailing Market:

  • Bargaining Power of Suppliers:Large population of suppliers,retailers with Exclusivefeatures, and moderate size of individual suppliers are some of the factors which are responsible for the low bargaining power of suppliers.Moreover, a top DIY playersuch as Lowe’s maintains exclusive business relationships with suppliers. 
    The bargaining power of suppliers isLOW.

  • Bargaining Power of Buyer: Ease of transferring to other DIY retailers or the low switching costs gives buyers substantial bargaining power. Moreover, the medium population of clients is one of the major factors for some buyers shifting to other firms. 
    The bargaining power of the buyer is HIGH.

  • Threat of New Entrants: New entrants are more likely to enter a DIY home improvement market even if in the presence of leading players. New players in the industry are using innovation in new products and services. It massivelydrives the window of extraordinary profits for the new players.
    The threat of new entrants isHIGH.

  • Threat of Substitutes: The threat of alternative products is very low.Because it doesn’tprovide a better value proposition.
    The threat of substitutes is LOW.

  • Competitive Rivalry in the Market: Do-it-yourself (DIY) home improvement retailing market has numerous small, medium and large market players. These players are following cutting-edge DIY products strategies and business strategies like partnerships.
    The competitive rivalry in the industry is HIGH.

 

 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Types

  • Building Materials
  • Décor and Indoor Garden
  • Lighting,
  • Electrical Work Materials,
  • Tools and Hardware,
  • Painting, Wallpaper, and Supplies,
  • Plumbing Materials and Equipment,
  • Flooring Repair and Replacement Materials

  Segmentation by Distribution Channel

  • Offline
  • Online

  Key Countries Covered

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Brazil, Saudi Arabia, United Arab Emirates, Rest of LAMEA

  Key Companies Profiled

  • Itsy Bitsy
  • Toolstation
  • K-GROUP
  • Home Depot Product Authority, LLC
  • UBYLD RETAIL PRIVATE LIMITED
  • Walmart India
  • Amazon.com, Inc
  • UBUY CO.
  • flipkart.com
  • Lowe's

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global Do-it-yourself (DIY) home improvement retailingmarketsize was over $137.1million in 2018 and is projected to reach $189.1million by 2026.

A. Lowe’s, UBUY CO. and flipkart.comare some of the key players in the global Do-it-yourself (DIY) home improvement retailing Market.

A. Asia-Pacificregion possesses great investment opportunities for the investors to witness the most promising growth in the future.

A. The Asia-PacificDo-it-yourself (DIY) home improvement retailing Marketis anticipated to grow at 4.6% CAGR during the forecast period.

A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.

A. Walmart India and Amazon.com, Inccompanies are investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.By Type Trends
2.3.By Distribution Channel

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview

3.8.1.By Types
3.8.2.By Distribution Channel

3.9.Market value chain analysis

3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Distribution channel analysis
3.9.5.Operating vendors

3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors

3.10.Strategic overview

4.Do-It-Yourself (DIY) Home Improvement Retailing Market, by Types

4.1.Building Materials

4.1.1.Market size and forecast, by region, 2018-2026
4.1.2.Comparative market share analysis, 2018 & 2026

4.2.Décor and Indoor Garden

4.2.1.Market size and forecast, by region, 2018-2026
4.2.2.Comparative market share analysis, 2018 & 2026

4.3.Lighting

4.3.1.Market size and forecast, by region, 2018-2026
4.3.2.Comparative market share analysis, 2018 & 2026

4.4.Electrical Work Materials

4.4.1.Market size and forecast, by region, 2018-2026
4.4.2.Comparative market share analysis, 2018 & 2026

4.5.Tools and Hardware

4.5.1.Market size and forecast, by region, 2018-2026
4.5.2.Comparative market share analysis, 2018 & 2026

4.6.Painting, Wallpaper, and Supplies

4.6.1.Market size and forecast, by region, 2018-2026
4.6.2.Comparative market share analysis, 2018 & 2026

4.7.Plumbing Materials and Equipment

4.7.1.Market size and forecast, by region, 2018-2026
4.7.2.Comparative market share analysis, 2018 & 2026

4.8.Flooring Repair and Replacement Materials

4.8.1.Market size and forecast, by region, 2018-2026
4.8.2.Comparative market share analysis, 2018 & 2026

5.Do-It-Yourself (DIY) Home Improvement Retailing Market, by Distribution Channel

5.1.Offline

5.1.1.Market size and forecast, by region, 2018-2026
5.1.2.Comparative market share analysis, 2018 & 2026

5.2.Online

5.2.1.Market size and forecast, by region, 2018-2026
5.2.2.Comparative market share analysis, 2018 & 2026

6.Do-It-Yourself (DIY) Home Improvement Retailing Market, by region

6.1.North America

6.1.1.Market size and forecast, by types, 2018-2026
6.1.2.Market size and forecast, by distribution channel, 2018-2026
6.1.3.Market size and forecast, by country, 2018-2026
6.1.4.Comparative market share analysis, 2018 & 2026
6.1.5.U.S.

6.1.5.1.Market size and forecast, by types, 2018-2026
6.1.5.2.Market size and forecast, by distribution channel, 2018-2026
6.1.5.3.Comparative market share analysis, 2018 & 2026

6.1.6.Canada

6.1.6.1.Market size and forecast, by types, 2018-2026
6.1.6.2.Market size and forecast, by distribution channel, 2018-2026
6.1.6.3.Comparative market share analysis, 2018 & 2026

6.1.7.Mexico

6.1.7.1.Market size and forecast, by types, 2018-2026
6.1.7.2.Market size and forecast, by distribution channel, 2018-2026
6.1.7.3.Comparative market share analysis, 2018 & 2026

6.2.Europe

6.2.1.Market size and forecast, by types, 2018-2026
6.2.2.Market size and forecast, by distribution channel, 2018-2026
6.2.3.Market size and forecast, by country, 2018-2026
6.2.4.Comparative market share analysis, 2018 & 2026
6.2.5.Germany 

6.2.5.1.Market size and forecast, by types, 2018-2026
6.2.5.2.Market size and forecast, by distribution channel, 2018-2026
6.2.5.3.Comparative market share analysis, 2018 & 2026

6.2.6.UK

6.2.6.1.Market size and forecast, by types, 2018-2026
6.2.6.2.Market size and forecast, by distribution channel, 2018-2026
6.2.6.3.Comparative market share analysis, 2018 & 2026

6.2.7.France

6.2.7.1.Market size and forecast, by types, 2018-2026
6.2.7.2.Market size and forecast, by distribution channel, 2018-2026
6.2.7.3.Comparative market share analysis, 2018 & 2026

6.2.8.Spain

6.2.8.1.Market size and forecast, by types, 2018-2026
6.2.8.2.Market size and forecast, by distribution channel, 2018-2026
6.2.8.3.Comparative market share analysis, 2018 & 2026

6.2.9.Italy 

6.2.9.1.Market size and forecast, by types, 2018-2026
6.2.9.2.Market size and forecast, by distribution channel, 2018-2026
6.2.9.3.Comparative market share analysis, 2018 & 2026

6.2.10.Rest of Europe

6.2.10.1.Market size and forecast, by types, 2018-2026
6.2.10.2.Market size and forecast, by distribution channel, 2018-2026
6.2.10.3.Comparative market share analysis, 2018 & 2026

6.3.Asia Pacific

6.3.1.Market size and forecast, by types, 2018-2026
6.3.2.Market size and forecast, by distribution channel, 2018-2026
6.3.3.Market size and forecast, by country, 2018-2026
6.3.4.Comparative market share analysis, 2018 & 2026
6.3.5.China

6.3.5.1.Market size and forecast, by types, 2018-2026
6.3.5.2.Market size and forecast, by distribution channel, 2018-2026
6.3.5.3.Comparative market share analysis, 2018 & 2026

6.3.6.India 

6.3.6.1.Market size and forecast, by types, 2018-2026
6.3.6.2.Market size and forecast, by distribution channel, 2018-2026
6.3.6.3.Comparative market share analysis, 2018 & 2026

6.3.7.Australia 

6.3.7.1.Market size and forecast, by types, 2018-2026
6.3.7.2.Market size and forecast, by distribution channel, 2018-2026
6.3.7.3.Comparative market share analysis, 2018 & 2026

6.3.8.Rest of Asia Pacific

6.3.8.1.Market size and forecast, by types, 2018-2026
6.3.8.2.Market size and forecast, by distribution channel, 2018-2026
6.3.8.3.Comparative market share analysis, 2018 & 2026

6.4.LAMEA

6.4.1.Market size and forecast, by types, 2018-2026
6.4.2.Market size and forecast, by distribution channel, 2018-2026
6.4.3.Market size and forecast, by country, 2018-2026
6.4.4.Comparative market share analysis, 2018 & 2026
6.4.5.Latin America  

6.4.5.1.Market size and forecast, by types, 2018-2026
6.4.5.2.Market size and forecast, by distribution channel, 2018-2026
6.4.5.3.Comparative market share analysis, 2018 & 2026

6.4.6.Middle East 

6.4.6.1.Market size and forecast, by types, 2018-2026
6.4.6.2.Market size and forecast, by distribution channel, 2018-2026
6.4.6.3.Comparative market share analysis, 2018 & 2026

6.4.7.Africa

6.4.7.1.Market size and forecast, by types, 2018-2026
6.4.7.2.Market size and forecast, by distribution channel, 2018-2026
6.4.7.3.Comparative market share analysis, 2018 & 2026

7.Company profiles

7.1.Itsy Bitsy

7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis

7.2.Toolstation

7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis

7.3. K-GROUP

7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis

7.4.Home Depot Product Authority, LLC

7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis

7.5.UBYLD RETAIL PRIVATE LIMITED

7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis

7.6.Walmart India

7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis

7.7.Amazon.com, Inc

7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis

7.8.UBUY CO.

7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis

7.9.flipkart.com

7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis

7.10. Lowe's

7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Product portfolio
7.10.4.Recent strategic moves & developments
7.10.5.SWOT analysis

 

Growing UrbanPopulation to Boost the DIY Home Improvement Market

The growing urban development and changing lifestyles have made DIY interior decor and house improvement projects popular amongst end-users around the world. Besides, the increasing population of women in the workplace and the involvement in home decoration decision-making drive the sales of the instruments needed for such projects such as power drills, nail guns, bathroom equipment, and gardening tools, among other things.

Tools for repair and maintenance projects for DIY home improvement imply reduced long-term expenses to job contracting. The growing demand for DIY home improvement products is, therefore, a significant market driver for the expansion of the retail industry for DIY home improvement. The analysts at ResearchDive  have estimated that the do-it-yourself (DIY) home improvement retail market in the Asia-Pacific region will expand by recording an income of $43.3 million over the projected forecast period from 2019 to 2026at a healthy CAGR of 4.6%.

Market Overview

Drivers 

The rapid development of the real estate industry has resulted in construction of new buildings and residential houses. Worldwide, residential construction is rising in parallel with the increasing population. The market for DIY home improvement tools is growing and, at the same time, cutting costs of individuals.

Restraints

The DIY home improvement market has low experience in its service and the shortage of different styles in its DIY projects as new styles require new type of tools. The market growth during the forecast period shall be impeded by these factors.

Opportunities

The business sector companies are using modern technology to upgrade and expand their online retail operations. Even if the rise of e-commerce provides tremendous business opportunities, the change towards the DIY community due to the DIFM (Do-it-for-me) trend will challenge market players' economic development. Market players should concentrate more on growing opportunities in the rapidly growing segments while retaining the position in the weaker sections to maximize their chances of growth in the future.

Applications

Using DIY products reduces the long-term expenses of outsourcing to costly human resources, which will be a significant factor in increasing demand over the next five years for DIY home improvement products. With the emergence of e-commerce and the availability by key competitors of free pickup and delivery services, the do-it-yourself home improvement retail market will expand over the forecast period at a CAGR of over 4%. The retail market for home improvement with regards to DIY is segregated into different types. 

Offline Channels

Almost all manufacturers are vulnerable to rising fuel prices, taxation, penalties, and charges, as well as various government policies. Apart from these, the manufacturers are also facing severe problems in manufacturing processes leading to hiccups in the supply chain. These factors minimize the manufacturer's net income and thus impact the broader market growth.

Online Channels 

The emergence of E-commerce with free pickup and supply changes the market game. This initiative was taken up by the leading players of the market. Safe and comfortable online shopping, however, is extremely important as well because of the hectic lifestyle and working schedules. Some small but significant brands have opened their exclusive online shops to provide relatively cheap services.
 

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