Latest News- Do-It-Yourself (DIY) Home Improvement Retailing Market: Lumber and landscape management is expected to lead the Product segment during 2025-2029

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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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Lumber and landscape management
  • Tools and hardware
  • Decor and indoor garden
  • Kitchen
  • Others
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Greater emphasis on DIY home improvement projects for personalized interior designing
• Advent of e-commerce, free pickup, and delivery opportunities by key competitors
• Growth of residential real estate industry

However, the market also witnesses some limitations, which are as follows:

• Shifting consumer preference for DIFM from DIY culture
• High complications in logistics and supply chain operations
• Intense market competition

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Market Scope in Do-It-Yourself (DIY) Home Improvement Retailing Market Research Report

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Research Analysis Overview

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.

Market Research Overview

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
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/