Press release
Hardware Home Improvement Retailers Market to Witness Robust Expansion by 2028
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.To Request a Sample of our Report on Hardware & Home Improvement Retailers Market: https://www.omrglobal.com/request-sample/hardware-and-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.
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- including Home Depot, Inc., Wickes Building Supplies Ltd., Amazon.com, Inc, Bricostore Romania SA, Canadian Tire Corp., Ltd., and others.
A full Report of Hardware & Home Improvement Retailers Market is Available @ https://www.omrglobal.com/industry-reports/hardware-and-home-improvement-retailers-market
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
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)
Rona
The Home Depot, Inc.
Toom Baumarkt GmbH
Wickes Building Supplies Ltd.
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hardware-and-home-improvement-retailers-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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