NEW YORK, Jan. 12, 2022 /PRNewswire/ -- The DIY Home Improvement Market value in Europe is set to grow by USD 26.42 billion, progressing at a CAGR of 3% from 2020 to 2025, as per the latest report by Technavio.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BAUHAUS AG, BAUVISTA GmbH & Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG, Groupe Adeo, HORNBACH Baumarkt AG Group, Intergamma BV, ITM Entreprises (Les Mousquetaires SAS), Kesko Corp., Kingfisher Plc, and OBI Group Holding SE & Co. KGaA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
One of the key factors driving growth in the do-it-yourself home improvement retailing market is the rising interest in DIY home improvement projects. DIY interior decoration and home improvement projects have become popular among consumers across the world due to the rising urbanization rate and evolving lifestyles. Moreover, the growing population of working women and their participation in the decision-making process for home decoration are also pushing the sales of tools required for such projects, including power drills, nail guns, bathroom and lawn tools, and others. The concept of DIY is becoming popular in both developed and developing nations of Europe owing to high average labor costs, which increased significantly in 2018. Consumers in such countries prefer DIY maintenance and repair of their machines, vehicles, and homes to cut expenses related to outsourced services.
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DIY home Improvement Market in Europe 2021-2025: Segmentation
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DIY home Improvement Market in Europe 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our DIY home improvement market in Europe report covers the following areas:
The increasing threat from the DIFM market will be a major challenge for the do-it-yourself home improvement retailing market. There is a transition of consumers from DIY to DIFM, especially in mature markets where they hire tradespeople to work on projects. DIY retailers are experiencing a falloff in trade because DIFM professionals prefer specialist business-to-business (B2B) suppliers rather than consumer-positioned DIY retail stores for their needs. With a lack of operational skills of technologically advanced DIY tools among many DIY consumers, some key established DIY retailers find opportunities to attract home improvement project experts who offer DIFM services to DIFM consumers.
DIY home Improvement Market in Europe 2021-2025: Vendor Analysis
We provide a detailed analysis of vendors operating in the DIY home Improvement Market in Europe. Backed with competitive intelligence and benchmarking, our research reports on the DIY home Improvement Market in Europe are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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DIY home Improvement Market in Europe 2021-2025: Key Highlights
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DIY home Improvement Market in Europe Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2021-2025 |
$ 26.42 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.60 |
Regional analysis |
Germany, France, UK, Italy, and Rest of Europe |
Performing market contribution |
Germany at 29% |
Key consumer countries |
Albania, Armenia, Australia, Aruba, and Bangladesh |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BAUHAUS AG, BAUVISTA GmbH & Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG, Groupe Adeo, HORNBACH Baumarkt AG Group, Intergamma BV, ITM Entreprises (Les Mousquetaires SAS), Kesko Corp., Kingfisher Plc, and OBI Group Holding SE & Co. KGaA |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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