The Do-It-Yourself (DIY) Home Improvement Retailing Market is being driven by Greater emphasis on DIY home improvement projects for personalized interior designing
The Do-It-Yourself (DIY) Home Improvement Retailing Market is expected to grow at a CAGR of 5.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 244.1 billion. In the realm of DIY home improvement retailing, technological advancements have significantly transformed the customer experience. Notably, Kingfisher implemented a web-enabled mobile device in its stores in 2014. This innovation facilitates mobile checkout, product location through inventory checks, explanation of mobile features, and online price comparisons. Furthermore, the company launched a mobile application featuring an improved in-store map and live chat access. Kingfisher's catalog incorporates augmented reality (AR), enabling customers to virtually preview DIY products, such as furniture in a room, before making a purchase.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
204 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.2% |
Market growth 2025-2029 |
USD 244.1 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.7 |
Key countries |
US, Germany, China, UK, Canada, France, Japan, India, Italy, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The DIY home improvement market is experiencing a surge due to the DIY movement, with consumers opting for home purchases and DIY projects instead of hiring professionals. Online stores are driving growth, offering convenience, time savings, and lower costs. E-commerce revenues are increasing, with innovations like augmented reality (AR) enhancing the shopping experience. Zero-waste DIYers seek eco-friendly materials for projects. Big-box retailers display DIY items, from painting supplies to building materials, electrical work materials, lighting, tools and hardware, and interior design resources, both online and in-store. Consumer disposable income and home decor initiatives fuel demand. DIY product manufacturers cater to this trend, providing a wide range of resources for DIYers.
The Do-It-Yourself (DIY) home improvement retailing market is a significant segment within the broader global retail industry. According to Technavio, this market encompasses revenue generated by professional retailers offering DIY merchandise, online stores specializing in home improvement products, and companies providing online marketplaces for consumer purchases in this category. Factors driving market growth include the increasing adoption of advanced mobile devices and high Internet penetration, fueling the DIY movement and enabling on-demand access to home improvement products and services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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