NEW YORK, Nov. 25, 2024 /PRNewswire/ -- The DIY home improvement market in europe size is estimated to grow by USD 48.33 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.23% during the forecast period. Rising interest in diy home improvement projects is driving market growth, with a trend towards technological advances in diy home improvement projects tools. However, increasing threat from difm market poses a challenge. Key market players include Ace Hardware Corp., BAUHAUS AG, BAUVISTA GmbH and Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH and Co. KG, Groupe Adeo, hagebau connect GmbH and Co.KG, HELLWEG Die Profi Baumarkte GmbH and Co. KG, HORNBACH Holding AG and Co. KGaA, Intergamma BV, Kesko Corp., Kingfisher Plc, Lowes Co. Inc., Maxeda DIY Group, Mr. Bricolage Group, OBI GmbH and Co. Germany KG, REWE Group, Travis Perkins Plc, and Wesfarmers Ltd..
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DIY Home Improvement Market In Europe Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.23% |
Market growth 2024-2028 |
USD 48.33 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
3.47 |
Regional analysis |
Europe |
Performing market contribution |
Europe at 100% |
Key countries |
Germany, France, UK, Italy, and Rest of Europe |
Key companies profiled |
Ace Hardware Corp., BAUHAUS AG, BAUVISTA GmbH and Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH and Co. KG, Groupe Adeo, hagebau connect GmbH and Co.KG, HELLWEG Die Profi Baumarkte GmbH and Co. KG, HORNBACH Holding AG and Co. KGaA, Intergamma BV, Kesko Corp., Kingfisher Plc, Lowes Co. Inc., Maxeda DIY Group, Mr. Bricolage Group, OBI GmbH and Co. Germany KG, REWE Group, Travis Perkins Plc, and Wesfarmers Ltd. |
Market Driver
The European DIY home improvement market is undergoing significant technological advancements, with key players such as ADEO, Kingfisher, and Travis Perkins leading the way. These companies have enhanced their product differentiation factors, including innovation and extensive product assortments, to stay competitive. For example, Kingfisher's upgraded mobile in-store technology enables mobile checkout and provides a service tool for locating products, checking inventory, and explaining mobile features. Consumers can also compare prices and check online ratings. Kingfisher's mobile application offers an enhanced in-store map and access to live chat. Additionally, their catalog uses AR to provide virtual previews of DIY products, allowing users to get precise measurements. The integration of AR is anticipated to boost the European DIY home improvement retailing market during the forecast period. Competitors, including HORNBACH Baumarkt and BAUHAUS, are also driving market growth through continuous innovation, offering multifunctional products, and increasing consumer visibility through multiple brands.
The DIY home improvement market in Europe is experiencing a growth with the DIY movement gaining popularity among homeowners. Both professional and DIYers are making home purchases online from e-commerce stores, contributing to the growth of the sector. The zero-waste lifestyle trend is influencing DIY manufacturers to produce sustainable building materials, lighting, and electrical work materials. Product safety and sustainability are key concerns, leading to the reduction of hazardous chemicals and environmental pollution. Offline sub-segments like in-store displays in big-box retailers continue to thrive, while online sales grow. DIYers, particularly millennial homeowners, are seeking efficient solutions for building maintenance, plumbing, and appliance repairs. Tools and hardware, painting, wallpaper, and supplies, outdoor products, and even DIY un-paper towels, reusable snack bags, and DIY disinfectant wipes are in demand. Building relationships with DIYers is crucial for retailers like Toolstation, Painting and wallpaper, and Plumbing and equipment. Employed women are also joining the DIY scene, expanding the customer base.
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Market Challenges
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Segment Overview
This diy home improvement market in Europe report extensively covers market segmentation by
1.1 Offline- Brick-and-mortar DIY retail outlets are a significant distribution channel in Europe's do-it-yourself home improvement market. These physical stores offer a vast assortment of building supplies, tools, paint, flooring, gardening equipment, and more for home renovation projects. Customers appreciate the convenience of in-person product comparison and browsing, as well as the availability of knowledgeable staff to offer guidance. Brands like Bauhaus (Germany), Leroy Merlin (France), and B&Q (UK) lead the market, boasting expansive stores that cater to a wide range of needs. Brick-and-mortar retailers also provide value-added services, such as material sizing, paint mixing, and tool rentals, which can be appealing to customers seeking convenience. Despite the growth of online retail, the tactile nature of home improvement products, the importance of personalized advice, and the instant gratification of taking purchases home immediately continue to make brick-and-mortar stores the primary offline distribution route for DIY home improvement products in Europe.
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Research Analysis
The DIY home improvement market in Europe is thriving, with more homeowners opting for DIY projects to save costs and personalize their living spaces. The DIY movement has gained significant traction, particularly among residential customers, with online stores and e-commerce platforms making it easier than ever to purchase tools, hardware, and supplies from the comfort of one's home. However, the rise of DIY projects also brings concerns about plastic waste and environmental pollution from discarded packaging and hazardous chemicals used in painting and home maintenance. To address this, some homeowners are embracing a zero-waste lifestyle, opting for reusable containers and eco-friendly alternatives. Building maintenance tasks such as plumbing and appliance repairs can also be tackled with the right tools and resources. DIY projects in the kitchen, painting and wallpaper, and interior design decision-making offer endless possibilities for creativity and self-expression. Employed women are also joining the DIY trend, making it a truly inclusive movement. Tools and hardware stores like Toolstation cater to the diverse needs of this growing market, providing a wide range of instruments and resources for both professional and DIY projects.
Market Research Overview
The DIY home improvement market in Europe is experiencing a growth in popularity, driven by the DIY movement and the increasing trend towards professional home purchases. Online stores and e-commerce platforms are playing a significant role in this growth, offering convenience and accessibility to DIYers. However, sustainability is also a key consideration for many consumers, with a growing interest in zero-waste lifestyles and reducing plastic waste. DIY manufacturers are responding by producing eco-friendly building materials, lighting, electrical work materials, tools and hardware, and even DIY alternatives to single-use plastic items like un-paper towels and reusable snack bags. Product safety and efficiency are also important factors, with a focus on minimizing the use of hazardous chemicals and reducing environmental pollution. The market includes sub-segments for offline and online sales, with big-box retailers and specialized DIY stores catering to both DIYers and professional contractors. Homeowners, millennial homeowners in particular, are increasingly seeking sustainable lifestyle solutions for building maintenance, plumbing, appliances, and even interior design decision-making. DIY assets like in-store displays and shop relationships continue to be important for brick-and-mortar retailers, while online platforms offer a wider range of options and the ability to compare prices and reviews. Tools and hardware, painting, wallpaper and supplies, outdoor products, and kitchen appliances are popular categories for both DIYers and homeowners.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio