Advent of E-commerce will Drive the Market Growth During the Forecast Period
The DIY home improvement retailing market is expected to register a CAGR of over 4% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Do-It-Yourself Home Improvement Retailing Market 2020-2024 (Graphic: Business Wire)
Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on DIY home improvement retailing market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.
Due to the extensive spread of the virus across the globe, the Consumer Discretionary industry is anticipated to have Negative impact. The DIY home improvement retailing market will showcase Negative impact during 2020-2024.
DIY Home Improvement Retailing Market 2020-2024: Segmentation
DIY Home Improvement Retailing Market is segmented as below:
- Lumber and Landscape Management
- Tools and Hardware
- Decor and Indoor Garden
- Geographic Landscape
- North America
- South America
North America was the largest do-it-yourself home improvement retailing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The economic recovery of countries such as the US and Canada, post-recession, increasing rate of urbanization, and rising income levels will significantly influence do-it-yourself home improvement retailing market growth in this region. The US is a key market for do-it-yourself home improvement retailing in North America. However, market growth in this region will be slower than the growth of the market in other regions.
The Consumer Discretionary market is anticipated to have Indirect impact and the DIY home improvement retailing market demand will show Inferior growth. View market snapshot before purchasing
Greater emphasis on DIY home improvement projects for personalized interior designing has been an instrumental factor in influencing the growth of DIY home improvement retailing market. Other market drivers include a greater emphasis on DIY home improvement projects for personalized interior designing and increased expansion of the real estate industry. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, base case and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID 19 market estimates
- Quarterly impact analysis as the spread reaches a global level and updates on market estimates
Get more insights about the global trends impacting the future of DIY home improvement retailing market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR41196
DIY Home Improvement Retailing Market 2020-2024: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a