DIY Home Improvement Market In Europe size is set to grow by USD 48.33 billion from 2024-2028, rising interest in DIY home improvement projects boost the market- Technavio

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DIY Home Improvement Market In Europe size is set to grow by USD 48.33 billion from 2024-2028, rising interest in DIY home improvement projects boost the market- Technavio

NEW YORK, Nov. 25, 2024 /PRNewswire/ — The DIY home improvement market in europe size is estimated to grow by USD 48.33 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.23%  during the forecast period. Rising interest in diy home improvement projects is driving market growth, with a trend towards technological advances in diy home improvement projects tools. However, increasing threat from difm market  poses a challenge. Key market players include Ace Hardware Corp., BAUHAUS AG, BAUVISTA GmbH and Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH and Co. KG, Groupe Adeo, hagebau connect GmbH and Co.KG, HELLWEG Die Profi Baumarkte GmbH and Co. KG, HORNBACH Holding AG and Co. KGaA, Intergamma BV, Kesko Corp., Kingfisher Plc, Lowes Co. Inc., Maxeda DIY Group, Mr. Bricolage Group, OBI GmbH and Co. Germany KG, REWE Group, Travis Perkins Plc, and Wesfarmers Ltd..

Technavio has announced its latest market research report titled DIY Home Improvement Market in Europe 2024-2028
Technavio has announced its latest market research report titled DIY Home Improvement Market in Europe 2024-2028

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

DIY Home Improvement Market In Europe Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.23%

Market growth 2024-2028

USD 48.33 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.47

Regional analysis

Europe

Performing market contribution

Europe at 100%

Key countries

Germany, France, UK, Italy, and Rest of Europe

Key companies profiled

Ace Hardware Corp., BAUHAUS AG, BAUVISTA GmbH and Co. KG, EUROBAUSTOFF Handelsgesellschaft mbH and Co. KG, Groupe Adeo, hagebau connect GmbH and Co.KG, HELLWEG Die Profi Baumarkte GmbH and Co. KG, HORNBACH Holding AG and Co. KGaA, Intergamma BV, Kesko Corp., Kingfisher Plc, Lowes Co. Inc., Maxeda DIY Group, Mr. Bricolage Group, OBI GmbH and Co. Germany KG, REWE Group, Travis Perkins Plc, and Wesfarmers Ltd.

Market Driver

The European DIY home improvement market is undergoing significant technological advancements, with key players such as ADEO, Kingfisher, and Travis Perkins leading the way. These companies have enhanced their product differentiation factors, including innovation and extensive product assortments, to stay competitive. For example, Kingfisher’s upgraded mobile in-store technology enables mobile checkout and provides a service tool for locating products, checking inventory, and explaining mobile features. Consumers can also compare prices and check online ratings. Kingfisher’s mobile application offers an enhanced in-store map and access to live chat. Additionally, their catalog uses AR to provide virtual previews of DIY products, allowing users to get precise measurements. The integration of AR is anticipated to boost the European DIY home improvement retailing market during the forecast period. Competitors, including HORNBACH Baumarkt and BAUHAUS, are also driving market growth through continuous innovation, offering multifunctional products, and increasing consumer visibility through multiple brands.

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