Do-It-Yourself (DIY) Home Improvement Retailing Market Anticipated to Garner a Revenue of $189.1million during the Forecast Period

Pune, Maharashtra,India, November 10 2020 (Wiredrelease) Origius Systems Private Limited :Global Do-It-Yourself home improvement retailing market is going to experience a huge growth during the forecast period. Dcor and indoor segment will be the
most lucrative. Online segment will be the most profitable.

Research Dive has recently published a report titled Do-It-Yourself (DIY) Home Improvement Retailing Market, by Type (Building Materials, Decor and Indoor Garden, Lighting, Electrical Work Materials, Tools and Hardware, Painting, Wallpaper and Supplies, Plumbing Materials and Equipment, Flooring Repair and Replacement Materials), Distribution Channel (Offline, Online), Regional Analysis (North America, Europe, Asia Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 20192026

The global DIY home improvement retailing market is predicted to generate a revenue of $189.1million by 2026 at a CAGR of 4.6%.

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Key Segments of the Market

The report has divided the market into different segments based on type, distribution channel, and regional outlook.

In type segment, dcor and indoor garden sub-segment is expected to be the most lucrative during the forecast period. The market is anticipated to register a revenue of $23.3million by 2026. The reason behind this growth is the convenience, affordable price, and easy-to-use traits of the DIY planter projects.

In distribution channel segment, the online sub-segment will experience the most significant growth with an estimated revenue of $84.9million during the forecast period. An online system for DIY market players helps in enhancing the enterprise relationship management by offering end-to-end Customer Relationship Management (CRM) system. This is the reason influencing the growth of the market segment.

Regional Analysis

North America region is going to hold the dominating share of the market. The market registered a revenue of $53.6million in 2018 and is further anticipated to account for $71.5million by 2026. Rising demand for DIY home improvement tools in North American countries is one of the most important factors enhancing the growth of Do-it-yourself (DIY) home improvement retailing in the said market. Moreover, the substantial growth in dual-income of households has contributed to the expenditure on DIY home improvement products in the region. These factors are projected to boost the growth of Do-it-yourself (DIY) home improvement retailing in the North American market in upcoming years.

Market Dynamics

The rise in popularity for Do-It-Yourself projects among people is one of the major driving factors of the global Do-It-Yourself (DIY) home improvement retailing market. Changing consumer lifestyle with increasing urbanization is also projected to enhance the growth of the Do-It-Yourself (DIY) home improvement retailing market. Furthermore, emerging e-commerce platforms for Do-It-Yourself Businesses are also projected to boost the growth of the industry during the forecast period.

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Factors such as lack of product availability, lack of quality product, and fewer number of professionals operating in DIY home improvement tools are acting as restraining factors for the market.

Eco-friendly DIY projects such as DIY fabric planters for home are anticipated to create lucrative opportunities for the growth of the Do-It-Yourself (DIY) home improvement retailing market during the forecast period.

Key Players of the Market

The report also enlists the leading players of the market are

2. Bitsy
3. Toolstation
4. Home Depot Product Authority, LLC
7. Walmart India
8. Flipkart
10. Lowes.Do-it-yourself (DIY)

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and recent strategic developments.

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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