Sweden DIY Home Improvement Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 14.88 Billion |
| Market Size (2029) | USD 18.69 Billion |
| CAGR (2024 - 2029) | 4.67 % |
| Market Concentration | Low |
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?
Sweden DIY Home Improvement Market Analysis
The Sweden DIY Home Improvement Market size is estimated at USD 14.88 billion in 2024, and is expected to reach USD 18.69 billion by 2029, growing at a CAGR of 4.67% during the forecast period (2024-2029).
In recent years, there is a significant growth in the Swedish DIY market. People in Sweden includes a strong DIY culture and take pride in improving their homes themselves. It led to the establishment of numerous retail stores that cater to the needs of DIY enthusiasts. The availability of a wide range of DIY products and tools made it easier for people to undertake home improvement projects.
The rising interest influenced the DIY market in Sweden in sustainable and eco-friendly solutions. Many DIY stores now offer environmentally friendly products to meet the demand. In Sweden, the growing popularity of smart kitchens in home renovations is due to rising demand for simple add-ons like self-regulating dispensers, motion-sensing water faucets, and chillers with a one-touch function. Additionally, efficient storage cabinetry, new appliance types and preferences, hardwood flooring, backsplash trends, and an efficient link to the outdoors contribute to the industry's favorable outlook. Soaring mortgage and interest rates and rising new house costs are pushing millennial spending on home improvements.
Sweden DIY Home Improvement Market Trends
Increasing Number of DIY Retail Stores in Sweden
DIY retail stores offer a wide range of products and materials for home improvement projects, making it easier for consumers to access the tools and supplies they need. The expansion of DIY retail stores made home improvement products more accessible to a larger number of consumers. With more stores opening up in various locations across Sweden, people include greater convenience and options for purchasing tools, materials, and equipment needed for their DIY projects. This accessibility encouraged more individuals to engage in DIY home improvement activities. The growth of DIY retail stores contributed to the development of a thriving DIY culture in Sweden. As more people engage in DIY activities, there is a greater demand for home improvement products and services. This cultural shift is also influenced by social media platforms and online communities, where individuals share their projects and inspire others to embark on their own DIY ventures.
Rapid Urbanization and Population Growth are Accelerating the Market
The expanding population, which is boosting building activity throughout the residential sector as more housing units are required to fulfill the growing population's housing demands, is one of the primary drivers driving market expansion in Sweden over the next five years. Likewise, increased building activities in Sweden are expected to stimulate home improvement demand in the future years. 88% of Sweden's population lives in cities. Rising urbanization is expected to increase market growth potential for vendors and manufacturers. As the population of cities grows, so will the need for residential spaces. It will drive up the demand for DIY home improvement.
Sweden DIY Home Improvement Industry Overview
The Sweden DIY home improvement market is fragmented, with many small and mid-sized companies. To accommodate the increased demand for low-cost DIY items, several local market participants are rapidly expanding their market presence. They're also putting money into research and development, with an emphasis on product creation, frequent new products, and expanded product availability, as well as pricing and mergers and acquisitions plans. Some of the major players include Dahl Sverige Aktiebolag, Optimera Svenska AB, Solar Sverige Aktiebolag, AB Karl Hedin Bygghandel, and Onninen Aktiebolag.
Sweden DIY Home Improvement Market Leaders
Dahl Sverige Aktiebolag
Optimera Svenska AB
Solar Sverige Aktiebolag
AB Karl Hedin Bygghandel
Onninen Aktiebolag
*Disclaimer: Major Players sorted in no particular order
Sweden DIY Home Improvement Market News
- November 2023: Bauhaus is expanding to the north of Sweden, by opening new stores in Vaxjo and Umea (2022) and now Karlstad-Valsviken in the center Swedish province of Värmland.
- July 2022: With the opening of IKEA City in Gallerian, the company's first city shop in Sweden, IKEA became even more accessible to Stockholm residents.
Sweden 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
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Interest in Home Renovation and Personalization
4.3 Market Restraints
4.3.1 Lack of Expertise and Skills
4.4 Market Opportunities
4.4.1 Increasing Popularity of Smart Devices is Creating an Opportunity
4.5 Value Chain / Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Various Regulatory Trends
4.8 Insights on Impact of Technology and Innovation
4.9 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 Ligthing
5.1.8 Plumbing and Equipment
5.1.9 Flooring, Repair and Replacement
5.1.10 Electric Work
5.2 By Distribution Channel
5.2.1 DIY Home Improvement Stores
5.2.2 Speciality Stores
5.2.3 Online
5.2.4 Others
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Dahl Sverige Aktiebolag
6.2.2 Optimera Svenska AB
6.2.3 Solar Sverige Aktiebolag
6.2.4 AB Karl Hedin Bygghandel
6.2.5 Onninen Aktiebolag
6.2.6 Bygma AB
6.2.7 Villeroy & Boch Gustavsberg AB
6.2.8 Geberit Aktiebolag
6.2.9 LK Systems AB
6.2.10 Lundagrossisten Bo Johansson Aktiebolag
6.2.11 Eksjohus Aktiebolag
6.2.12 Svedbergs i Dalstorp AB*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Sweden DIY Home Improvement Industry Segmentation
The word "do-it-yourself" (DIY) refers to the process of creating, updating, or repairing anything without the help of professionals or specialists. The report includes a comprehensive background analysis of the DIY home improvement market. It also includes a market overview, market size estimation for key segments and emerging trends, market dynamics and insights, and key statistics. The market is segmented by product type, which includes 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, and by distribution channel including DIY home improvement stores, specialty stores, online, and others. The report offers market size and forecasts for the Swedish DIY home improvement market in terms of revenue (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 | |
| Ligthing | |
| Plumbing and Equipment | |
| Flooring, Repair and Replacement | |
| Electric Work |
| By Distribution Channel | |
| DIY Home Improvement Stores | |
| Speciality Stores | |
| Online | |
| Others |
Sweden DIY Home Improvement Market Research FAQs
How big is the Sweden DIY Home Improvement Market?
The Sweden DIY Home Improvement Market size is expected to reach USD 14.88 billion in 2024 and grow at a CAGR of 4.67% to reach USD 18.69 billion by 2029.
What is the current Sweden DIY Home Improvement Market size?
In 2024, the Sweden DIY Home Improvement Market size is expected to reach USD 14.88 billion.
Who are the key players in Sweden DIY Home Improvement Market?
Dahl Sverige Aktiebolag, Optimera Svenska AB, Solar Sverige Aktiebolag, AB Karl Hedin Bygghandel and Onninen Aktiebolag are the major companies operating in the Sweden DIY Home Improvement Market.
What years does this Sweden DIY Home Improvement Market cover, and what was the market size in 2023?
In 2023, the Sweden DIY Home Improvement Market size was estimated at USD 14.19 billion. The report covers the Sweden DIY Home Improvement Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Sweden DIY Home Improvement Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sweden DIY Home Improvement Industry Report
Statistics for the 2024 Sweden DIY Home Improvement market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sweden DIY Home Improvement analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
