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DIY Home Improvement Market Size (2024 - 2029)

The market size of the DIY Home Improvement industry is projected to see substantial growth in the coming years. This growth is largely driven by a rising customer preference for DIY items and increased adoption of advanced technologies. Factors such as the growing involvement of women in interior design decision-making in emerging nations, and the appeal of cost-saving DIY products over expensive outsourced labor, are contributing to an increasing demand for DIY home improvement products, thus expanding the market size.

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Market Size of DIY Home Improvement Industry

DIY Home Improvement Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 0.89 Trillion
Market Size (2029) USD 1.43 Trillion
CAGR (2024 - 2029) 9.94 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

DIY Home Improvement Market Major Players

*Disclaimer: Major Players sorted in no particular order
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DIY Home Improvement Market Analysis

The DIY Home Improvement Market size is estimated at USD 0.89 trillion in 2024, and is expected to reach USD 1.43 trillion by 2029, growing at a CAGR of 9.94% during the forecast period (2024-2029).

The do-it-yourself (DIY) home improvement market has grown significantly in recent years. It is expected to expand significantly throughout the forecast period. The DIY home improvement industry is anticipated to grow rapidly in the next few years due to the growing customer preference for DIY items and the notable uptick in the adoption of cutting-edge technologies. The increasing number of employed women in emerging nations and their involvement in interior design decision-making drive the sales of the materials needed for these projects. Subsequently, there is an increasing adoption of DIY home improvement products. The use of DIY products lowers long-term costs compared to work outsourced to expensive labor. Therefore, the demand for DIY home improvement products is a significant factor driving the market studied.

DIY Home Improvement Industry Segmentation

"Do it yourself" (DIY) refers to creating, altering, or fixing something without the support of specialists or professionals. The report includes a thorough background analysis of the DIY home improvement market, which consists of the evaluation of the economy and the contribution of its various sectors, a market overview, an estimate of the market size for important market segments, and emerging trends within those segments, market dynamics and insights, and important statistics. The market is segmented by product type (lumber and landscape management, decor and indoor garden, kitchen, painting and wallpaper, tools and hardware, building materials, lighting, plumbing and equipment, flooring, repair and replacement, and electrical work), distribution channel (DIY home improvement stores, specialty stores, online, and furniture), and geography (North America, South America, Europe, Asia-Pacific, and the Middle East and Africa). The report offers market size and forecasts for the global DIY home improvement market in value in 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
Lighting
Plumbing and Equipment
Flooring, Repair, and Replacement
Electrical Work
Distribution Channel
DIY Home Improvement Stores
Specialty Stores
Online
Furniture and Other Physical Stores
Geography
North America
United States
Canada
Rest of North America
Europe
United Kingdom
Germany
Rest of Europe
Asia-Pacific
India
Japan
Rest of Asia-Pacific
South America
Brazil
Peru
Rest of South America
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa

DIY Home Improvement Market Size Summary

The DIY Home Improvement Market has seen significant growth in recent years and is projected to continue expanding in the forecast period. This growth is driven by increasing customer preference for DIY items and the adoption of cutting-edge technologies. The rise in the number of working women in emerging nations and their involvement in interior design decisions has further boosted the sales of materials required for DIY home improvement projects. The market growth is also attributed to the increasing adoption of DIY home improvement products, which are seen as cost-effective alternatives to expensive labor. North America is expected to hold the largest revenue share of the global DIY home improvement market throughout the forecast period. This is attributed to factors such as growing urbanization, rising disposable income, increasing participation in home decor initiatives, and a growing interest in improving the visual appeal of homes. The market is also being driven by the rising popularity and adoption of ready-to-assemble (RTA) furniture, particularly custom-designed RTA furniture for bespoke interiors. The DIY home improvement market is fragmented with several major players, and consumer income is a key driver of demand. Major companies compete by buying in bulk, offering a wide range of goods, and utilizing effective marketing and merchandising techniques.

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DIY Home Improvement Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Customization and Personalization

      2. 1.2.2 Increasing Home Improvement and Renovation Trends

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Expertise Restraining the Market

      2. 1.3.2 The Cost of the Materials can be a Significant Restraint

    4. 1.4 Market Opportunities

      1. 1.4.1 Growing Number of DIY Retail Stores Provides an Opportunity for Individuals to Showcase and Sell their DIY Creations

    5. 1.5 Value Chain/Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights into Technological Advancements in the Industry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Lumber and Landscape Management

      2. 2.1.2 Decor and Indoor Garden

      3. 2.1.3 Kitchen

      4. 2.1.4 Painting and Wallpaper

      5. 2.1.5 Tools and Hardware

      6. 2.1.6 Building Materials

      7. 2.1.7 Lighting

      8. 2.1.8 Plumbing and Equipment

      9. 2.1.9 Flooring, Repair, and Replacement

      10. 2.1.10 Electrical Work

    2. 2.2 Distribution Channel

      1. 2.2.1 DIY Home Improvement Stores

      2. 2.2.2 Specialty Stores

      3. 2.2.3 Online

      4. 2.2.4 Furniture and Other Physical Stores

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 Japan

        3. 2.3.3.3 Rest of Asia-Pacific

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Peru

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 Rest of Middle East and Africa

DIY Home Improvement Market Size FAQs

The DIY Home Improvement Market size is expected to reach USD 0.89 trillion in 2024 and grow at a CAGR of 9.94% to reach USD 1.43 trillion by 2029.

In 2024, the DIY Home Improvement Market size is expected to reach USD 0.89 trillion.

DIY Home Improvement Market Report Snapshots

DIY Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)