According to a new report published by Allied Market Research, titled, “Do-It-Yourself (DIY) Home Improvement Retailing Market,” The do-it-yourself (diy) home improvement retailing market size was $848.20 billion in 2021, and is estimated to reach $1,278.00 billion by 2030, growing at a CAGR of 4.37% from 2022 to 2030.Because of our hectic lifestyles and work schedules, convenient and comfortable shopping has become extremely important. Many major competitors have launched their own online stores to provide low-cost pick-up and delivery services.
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Prominent Market Players
The key players profiled in this report include Travis Perkins, Kesko Corporation, Lowe’s Companies, Inc., Amazon.com, Inc., Walmart Inc., UBUY Inc., Toolstation, Home Depot Product Authority, LLC, Flipkart.com, UBYLD RETAIL PRIVATE LIMITED.
The global do-it-yourself (DIY) home improvement retailing market is segmented on the basis of type, distribution channel, and region. By type, market has been divided into building materials, décor & indoor garden, lighting, electrical work materials, tools & hardware, painting, wallpaper & supplies, plumbing materials & equipment, flooring repair & replacement materials, and outdoor. By distribution channel, the analysis has been divided into offline and online. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Individuals’ interest in DIY interior design is changing as their lifestyles change. Furthermore, the increasing population of working women in developing countries, as well as their involvement in home decoration decision-making, is driving sales of the products required for such projects. DIY products reduce costs, which will be a major driver of growing demands for DIY home improvement products over next five years.
Key Findings of the Study
- On the basis of type, the painting segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of distribution channel, the offline segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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