DIY Home Improvement Retailing Market to Grow by USD 196.61 Billion (2024-2028), Driven by Personalized Interior Design, with AI Shaping Market Evolution

0
DIY Home Improvement Retailing Market to Grow by USD 196.61 Billion (2024-2028), Driven by Personalized Interior Design, with AI Shaping Market Evolution

NEW YORK, Dec. 3, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global do-it-yourself (DIY) home improvement retailing market  size is estimated to grow by USD 196.61 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.41%  during the forecast period. Greater emphasis on diy home improvement projects for personalized interior designing is driving market growth, with a trend towards uptake of ar applications for home improvement projects. However, shifting consumer preference for difm from diy culture  poses a challenge. Key market players include Ace Hardware Corp., BayWa Bau and Gartenmarkte GmbH and Co. KG, Grafton Group plc, Groupe Adeo, hagebau connect GmbH and Co. KG, HORNBACH Holding AG and Co. KGaA, Kesko Corp., Kingfisher Plc, Menard Inc., Mr D.I.Y. Group M Berhad, OBI Group Holding SE and Co. KGaA, REWE Group, Stark Group AS, The Home Depot Inc., Travis Perkins Plc, ubyld, Wesfarmers Ltd., Wickes Group Plc, and Lowes Co. Inc..

Technavio has announced its latest market research report titled Global Do-it-Yourself (DIY) Home Improvement Retailing Market 2024-2028
Technavio has announced its latest market research report titled Global Do-it-Yourself (DIY) Home Improvement Retailing Market 2024-2028

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Lumber and landscape management, Tools and hardware, Decor and indoor garden, Kitchen, and Lighting and others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Ace Hardware Corp., BayWa Bau and Gartenmarkte GmbH and Co. KG, Grafton Group plc, Groupe Adeo, hagebau connect GmbH and Co. KG, HORNBACH Holding AG and Co. KGaA, Kesko Corp., Kingfisher Plc, Menard Inc., Mr D.I.Y. Group M Berhad, OBI Group Holding SE and Co. KGaA, REWE Group, Stark Group AS, The Home Depot Inc., Travis Perkins Plc, ubyld, Wesfarmers Ltd., Wickes Group Plc, and Lowes Co. Inc.

Key Market Trends Fueling Growth

DIY home improvement retailing is experiencing significant advancements with the integration of technology. Kingfisher introduced a mobile device for in-store use in 2014, enabling features like mobile checkout, product location, and inventory checks. Their mobile application offers an enhanced in-store map and live chat. AR technology is used in catalogs and apps, allowing virtual previews of furniture and precise measurements. UDecor.com’s AR-enabled room planner visualizes 3D items in real rooms. These innovations are expected to boost the DIY home improvement market’s growth during the forecast period.

link

Leave a Reply

Your email address will not be published. Required fields are marked *