Technavio’s DIY Home Improvement Market Research Report predicts USD
NEW YORK, Nov. 12, 2021 /PRNewswire/ — The latest global DIY home improvement market in Europe research report by Technavio infers that the rising interest in DIY home improvement projects is driving this market’s growth.
Resulting in a market growth of USD 26.42 billion from 2020 to 2025, read additional information about the market. Fill the form and get FREE sample report.
Vendor Landscape
The market structure is fragmented due to the presence of several global and regional vendors. 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 few key vendors of this market. Vendors are competing to maintain their market position in the market. To succeed in this market, vendors must focus on providing DIY home improvement at competitive prices.
Vendors operating in the market are adopting various growth strategies such as the development of innovative products and increasing production capabilities to gain an edge over competitors. For instance, in September 2019, HORNBACH Baumarkt AG Group opened its fourth store in Slovakia. Similarly, in January 2020, Kingfisher Plc launched its new convenience store in the Nelson Industrial Estate in Merton, southwest London.
View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
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Regional Market Outlook
Germany is leading the market with a contribution of 29% to the overall market in 2020 and would increase its contribution to a notable number of the DIY home improvement market in Europe by 2025.
Germany will generate maximum growth across all the years of the forecast period between 2020 and 2025. The market growth in Germany is driven by the increasing target population in the country.
France would be the fastest-growing region within the overall market between 2020 and 2025.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Trends Driving the Global DIY Home Improvement Market in Europe
Rising urbanization and evolving lifestyles have increased the popularity of DIY home improvement projects worldwide. Also, the growing population of working women and increased participation of women in decision-making are increasing the sales of tools required for various DIY home improvement projects. In addition, the growing cost of labor for maintenance and repair activities is forcing customers to take up DIY activities to cut costs. All these factors are positively influencing the market growth.
The…
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