Press release
Do-It-Yourself (DIY) Home Improvement Retailing Market (Industry) Size Hits $1,278.00 Billion by 2030
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Dynamics of the Do-it-yourself (DIY) Home Improvement Retailing Market:
Drivers: The growing popularity for DIY projects, especially among homeowners across the globe, is expected to be the primary growth driver of the market in the forecast timeframe. Along with this, increasing disposable incomes of global populations is predicted to boost the do-it-yourself (DIY) home improvement retailing market further.
Opportunities: The emergence of environment-friendly DIY projects is anticipated to create immense growth opportunities for the market in the analysis period. Growing reluctance among the general populace with respect to the adoption of use-and-throw-away culture is also projected to push the market.
Restraints: Lack of expertise in DIY businesses, however, restrain the growth of the do-it-yourself (DIY) home improvement retailing market.
Segments of the Do-it-yourself (DIY) Home Improvement Retailing Market:
The report has fragmented the do-it-yourself (DIY) home improvement retailing market into certain segments based on type, distribution channel, and region.
Type: Painting Sub-segment to Have the Highest Market Share
By type, the painting sub-segment is expected to have a dominant market share and garner a substantial revenue of $237.5 billion by 2030. The wide range of DIY paint products including self-painting kit, terrace wall proofing, crackle effect spray, frost effect spray, etc. is expected to be the main factor behind the growth of this sub-segment in the 2022-2030 timeframe.
Distribution Channel: Online Sub-segment to Flourish Immensely
By distribution channel, the online sub-segment is predicted to witness fastest market growth and generate a revenue of $148.0 billion by 2030. The availability of huge DIY resources on various online platforms like Amazon, Inc., Alibaba Group Holding Ltd., eBay Inc., etc. and the attractive discounts provided by them are predicted to become the two main growth drivers of this sub-segment.
Region: Market in North America Region to be the Most Dominant
By regional analysis, the do-it-yourself (DIY) home improvement retailing market in the North America region is projected to be the most dominant and garner a revenue of $688.8 billion by 2030. The advanced level of urbanization in the countries of this region coupled with changing lifestyle of the people are anticipated to become the two main reasons for the growth of this market in this region.
Some leading market players of the do-it-yourself (DIY) home improvement retailing market are
Travis Perkins
Walmart Inc.
Flipkart.com
Kesko Corporation
UBUY Inc.
UBYLD RETAIL PRIVATE LIMITED
Lowe's Companies, Inc.
Toolstation
Amazon.com, Inc.
Home Depot Product Authority, LLC, among others.
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