Market Trends of Germany DIY Home Improvement Industry
This section covers the major market trends shaping the Germany DIY Home Improvement Market according to our research experts:
DIY Home Improvement Becoming a Better Option During Spare Time
It was observed that during the COVID- 19 crisis, since majority of the offline stores were closed people got access to Home Improvement tools through online delivery.Homeowners can make use of these tools to improve their houses, without any professional workforce. As they had time to spare , they have invested that time in rennovating or remodelling their houses. It was also observed that more than 80% of the people chose DIY Home Improvement as an option during their spare time because of the work from home oppurtunities during the pandemic . This was a driving factor for the rise of DIY Home Improvement Market during the pandemic. The same trend is expected in the coming 3 to 4 years, possibly due to the change in the working pattern of majority of the people in Germany.
Increased Demand for Smart Homes
As per the technology trends , people want to upgrade their houses making them more energy efficient .The introduction of smart infrastructure with energy conservation solutions will significantly influence industry growth. And this is is the potential reason why people in Germany have shown interest in the smart homes . Also the smart features which include security system and Internet of Things will further substantiate the market growth. In Germany as of 2021 , around 20 % of the people live in smart houses . And more than 30 % of the people expressed interest in customizing their present homes to smart homes . This is a driving factor for the growth of DIY market in the recent times.
