The global do-it-yourself (DIY) home improvement retailing market size is expected to grow by USD 154.76 billion during 2021-2025, progressing at a CAGR of almost 5% during the forecast period.
The greater emphasis on DIY home improvement projects for personalized interior designing, the advent of e-commerce, free pickup, and delivery opportunities by key competitors, and the growth of residential real estate industry are some of the major factors propelling the market growth. However, factors such as shifting consumer preference for DIFM from DIY culture, high complications in logistics and supply chain operations, and intense market competition might impact the market growth adversely.
Do-it-Yourself (DIY) Home Improvement Retailing Market: Product Analysis
The market has been segmented by products in lumber and landscape management, tools and hardware, kitchen, and others. The lumbar and landscape management segment led the market share in 2020 and will continue its dominance in the upcoming years.
Do-it-Yourself (DIY) Home Improvement Retailing Market: Geographic Landscape
In terms of geography, the DIY home improvement retailing market is segmented in North America, Europe, APAC, South America, and MEA. 49% of the market’s growth will originate from North America during the forecast period with the US emerging as the key revenue-generating economy for do-it-yourself home improvement retailing in the region. The growth can be attributed to the rising number of dual-income households and the increasing purchasing power of individuals.
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