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Do-It-Yourself Home Improvement Retailing Market 2024 - Growth by Regional Segments, Upcoming Business Strategies, Industry Revenue And Forecast by 2033
Do-It-Yourself Home Improvement Retailing Market
As per the report, the do-it-yourself home improvement retailing market size has grown strongly in recent years. It will grow from $807.6 billion in 2023 to $863.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The do-it-yourself home improvement retailing market size is expected to see strong growth in the next few years. It will grow to $1,134.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
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What Is Driving The Growth Of The Global Do-It-Yourself Home Improvement Retailing Market?
Impact of E-commerce Growth on the DIY Home Improvement Retailing Market
The growth in e-commerce is expected to propel the growth of the do-it-yourself home improvement retailing market going forward. E-commerce expansion is driven by the widespread use of smartphones and internet access, offering consumers convenience and diverse product choices. E-commerce enhances the do-it-yourself home improvement retail sector by providing customers greater access to diverse products, comprehensive tutorials, and convenient shipping, thus encouraging more home renovation projects and fueling market expansion.
What Is The Key Trend In The Global Do-It-Yourself Home Improvement Retailing Market?
Technological Advancements In DIY Home Improvement Retail Through AR Integration
Major companies operating in the do-it-yourself home improvement retailing market focus on technological advancements such as integrating augmented reality (AR) and data analysis in home improvement retail stores to enhance customer engagement, improve product visualization, and optimize inventory management. Augmented reality (AR) in home improvement retail enhances the shopping experience by integrating digital overlays such as visual guides and product demos into the physical store environment.
How Is The Global Do-It-Yourself Home Improvement Retailing Market Segmented?
The do-it-yourself home improvement retailing market covered in this report is segmented -
1) By Product: Lumber And Landscape Management, Tools And Hardware, Decor And Indoor Garden, Kitchen, Lighting And Other Products
2) By Application: Residential, Commercial
3) By Distribution: Offline, Online
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How Is The Competitive Landscape Of The Global Do-It-Yourself Home Improvement Retailing Market?
Major companies operating in the do-it-yourself home improvement retailing market are Amazon.com Inc., The Home Depot Inc., Lowe's Companies Inc., IKEA, Groupe Adeo SA, Wesfarmers Limited, BayWa AG, Tractor Supply Company, Menard Inc., Bunnings Group Limited, OBI Group Holding SE and Co. KGaA, Ace Hardware Corporation, Toolstation Limited, HORNBACH Holding AG and Co. KGaA, Flipkart Private Limited, Home Hardware Stores Ltd., Grafton Group plc, Maxeda DIY Group B.V., Mr D.I.Y. Group, Castorama, Brico BricoPlanit, REWE Group, UBUY Inc., Wickes Group Plc, Praktiker AG
Contents Of The Global Do-It-Yourself Home Improvement Retailing Market
1. Executive Summary
2. Do-It-Yourself Home Improvement Retailing Market Report Structure
3. Do-It-Yourself Home Improvement Retailing Market Trends And Strategies
4. Do-It-Yourself Home Improvement Retailing Market - Macro Economic Scenario
5. Do-It-Yourself Home Improvement Retailing Market Size And Growth
…..
27. Do-It-Yourself Home Improvement Retailing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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