Market Trends of Sweden DIY Home Improvement Industry
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.
