Asia Pacific DIY Home Improvement Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 87.92 Billion |
| Market Size (2029) | USD 91.49 Billion |
| CAGR (2024 - 2029) | < 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia Pacific DIY Home Improvement Market Analysis
The Asia-Pacific DIY Home Improvement Market size is estimated at USD 87.92 billion in 2024, and is expected to reach USD 91.49 billion by 2029, growing at a CAGR of less than 5% during the forecast period (2024-2029).
The Asia-Pacific DIY Home Improvement Market is positioned for significant growth in the coming years, with a steady increase expected from 2024 onwards. The market has shown considerable expansion, especially during periods of enforced lockdowns in response to global challenges, as DIY enthusiasts enthusiastically undertake home improvement projects. Gardening activities, in particular, have become popular for enhancing living spaces and providing entertainment during periods of confinement. This increased demand for DIY products during challenging times highlights the market's resilience and flexibility.
Lifestyle changes, coupled with a growing population of working women in developing Asia-Pacific regions, have heightened interest in DIY interior design, contributing to the increased adoption of DIY home improvement products. The cost-effectiveness of DIY projects, compared to outsourcing to expensive labor, further fuels market growth. Additionally, the expanding popularity of DIY culture, facilitated by the accessibility of a diverse range of products through e-commerce platforms, propels the market forward.
Market drivers include the rising trend of DIY culture, increased interest in home renovation projects, and the convenience offered by e-commerce platforms. Opportunities lie in tapping into the growing customer base, particularly by enhancing awareness of offline DIY home improvement products among the older population in the Asia-Pacific region. As the market evolves, these drivers and opportunities are expected to contribute to sustained growth and expansion.
Asia Pacific DIY Home Improvement Market Trends
Offline DIY Stores are the Preferable Distribution Channels
Online shopping is more practical than traditional brick-and-mortar establishments because customers can purchase at home or on the road using their mobile devices. E-commerce platforms allow customers to identify the things they need and compare pricing and features because they offer a considerably greater assortment of goods than conventional retailers. Online sellers frequently offer lower prices because they have fewer overhead expenses than traditional businesses. This especially appeals to budget-conscious shoppers who want to cut costs on their DIY projects.
Due to the 24-hour availability of online stores, customers can make purchases whenever they want. Many e-commerce companies personalize offers and customer recommendations using algorithms and data analysis, which can improve the buying experience. Many customers switched to online shopping due to the COVID-19 pandemic to avoid direct contact and viral infection.
Environmentally Friendly Activities by DIY Home Improvement
Environment-friendly projects and initiatives, such as DIY combo kits, reusable snack bags, DIY un-paper towels, etc., by innovative companies, would drive the Asia-Pacific Do-It-Yourself (DIY) home improvement market during the forecast period. The increasing population in countries like India, China, and other countries has an ample need for natural resources to sustain itself. There is an increasing awareness among the people of these regions to be environmentally friendly. Through sustainable development in the Asia-Pacific, DIY home improvement products could attract a larger customer base into their market.
Asia Pacific DIY Home Improvement Industry Overview
The Asia-Pacific DIY home improvement market is semi-consolidated in market share. Some of the major players operating today dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Asia Pacific DIY Home Improvement Market Leaders
B & Q
Asian Paints
Home Depot Product Bureau, LLC.
Bunnings Australia
Lotte Home Shopping
*Disclaimer: Major Players sorted in no particular order
Asia Pacific DIY Home Improvement Market News
- March 2023: The leading home improvement retail chain in the Philippines, Wilcon Depot, plans to add two new store styles to its existing ones to broaden its customer base. Wilcon announced that its board of directors had approved changing the company's trade name to reflect the addition of two new distribution channels: Do It Wilcon, which specializes in inexpensive tools and supplies for basic home repairs and maintenance, and Bargain Center by Wilcon Depot, which enables the company to sell out-of-date and discontinued products at a discount. It is an "opportunity to expand market share" in the eyes of the corporation.
- February 2022: Home Depot partnered with Atlanta’s Westside Future Fund for a year-round investment in black history. Westside Future Fund was a non-profit organization with a compassionate approach to neighborhood revitalization in Atlanta’s historic Westside community. Their goal was to improve the quality of life for current and future residents while elevating the area’s unique history and culture.
Asia Pacific DIY Home Improvement Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Preference For Offline DIY Stores
4.3 Market Restraints
4.3.1 High Cost of Raw Materials
4.4 Value Chain/Supply Chain Analysis
4.5 Insights into Latest Technologies Used in the Industry
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Lumber and Landscape Management
5.1.2 Decor and Indoor Garden
5.1.3 Kitchen
5.1.4 Painting and Wallpaper
5.1.5 Tools and Hardware
5.1.6 Building materials
5.1.7 Lightning
5.1.8 Plumbing and Equipment
5.1.9 Flooring, Repair and Replacement
5.1.10 Electrical Work
5.2 By Distribution Channel
5.2.1 DIY Home Improvement Stores
5.2.2 Specialty Stores
5.2.3 Online
5.2.4 Other Stores
5.3 By Geography Type
5.3.1 Australia
5.3.2 China
5.3.3 India
5.3.4 Japan
5.3.5 New Zeland
5.3.6 South Korea
5.3.7 Indonesia
5.3.8 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Ubyld Retail Private Limited
6.2.2 B & Q
6.2.3 Asian Paint
6.2.4 Nendo co. Ltd.
6.2.5 Home Depot
6.2.6 Lotte Home Shopping
6.2.7 Mr.DIY
6.2.8 Miniso co.ltd
6.2.9 Bunnings Austraila
6.2.10 Allo Innoware. Ltd*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Asia Pacific DIY Home Improvement Industry Segmentation
Do-it-yourself (DIY) is the act of designing and modifying anything by yourself. Customers could develop eye-catching projects without any professional help.
The Asia-Pacific DIY home improvement market is segmented by product type, distribution channel, and geography. By product type, the market is sub-segmented into lumber and landscape management, décor and indoor garden, kitchen, painting and wallpaper, tools and hardware, building materials, lighting, plumbing and equipment, flooring, repair and replacement, and electrical work. By distribution channel, the market is sub-segmented into DIY home improvement stores, specialty stores, online stores, and other stores. By geography, the market is sub-segmented into Australia, China, India, Japan, New Zealand, South Korea, Indonesia, and the rest of Asia-Pacific.
The report offers market sizes and forecasts in value (USD) for all the above segments.
| By Product Type | |
| Lumber and Landscape Management | |
| Decor and Indoor Garden | |
| Kitchen | |
| Painting and Wallpaper | |
| Tools and Hardware | |
| Building materials | |
| Lightning | |
| Plumbing and Equipment | |
| Flooring, Repair and Replacement | |
| Electrical Work |
| By Distribution Channel | |
| DIY Home Improvement Stores | |
| Specialty Stores | |
| Online | |
| Other Stores |
| By Geography Type | |
| Australia | |
| China | |
| India | |
| Japan | |
| New Zeland | |
| South Korea | |
| Indonesia | |
| Other Countries |
Asia Pacific DIY Home Improvement Market Research FAQs
How big is the Asia-Pacific DIY Home Improvement Market?
The Asia-Pacific DIY Home Improvement Market size is expected to reach USD 87.92 billion in 2024 and grow at a CAGR of less than 5% to reach USD 91.49 billion by 2029.
What is the current Asia-Pacific DIY Home Improvement Market size?
In 2024, the Asia-Pacific DIY Home Improvement Market size is expected to reach USD 87.92 billion.
Who are the key players in Asia-Pacific DIY Home Improvement Market?
B & Q, Asian Paints, Home Depot Product Bureau, LLC., Bunnings Australia and Lotte Home Shopping are the major companies operating in the Asia-Pacific DIY Home Improvement Market.
What years does this Asia-Pacific DIY Home Improvement Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific DIY Home Improvement Market size was estimated at USD 83.52 billion. The report covers the Asia-Pacific DIY Home Improvement Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific DIY Home Improvement Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Home Improvement Industry Report
Statistics for the 2024 Asia Pacific Home Improvement market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Home Improvement analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
