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Sep 08, 2020 (AB Digital via COMTEX) —
Home Improvement Market is valued at USD 819.53 Billion in 2018 and expected to reach USD 1137.57 Billion by 2025 with the CAGR of 4.8% over the forecast period.
Increasing development of the construction industry, increasing population, reducing living space, adoption of innovative interior & exterior like garden, smart kitchens etc. are some key impacting factors deriving the growth of the global DIY home improvement market.
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DIY home improvement is a service refers to building projects that alter the structure of an existing home. It is used in renovation including improvements to lawns, gardens and outdoor structures such as gazebos and garages. It also incorporates maintenance, repair and general servicing tasks. End use of DIY home improvement is in residential and nonresidential buildings. Do-It-Yourself (D-I-Y) projects have become much easier for the average person. DIY home improvement are very popular which helps to turn marginal areas into livable spaces such as turning basements into recrooms, home theaters, or home offices – or attics into spare bedrooms. Home improvement can consist of projects that upgrade an existing home interior such as electrical and plumbing, exterior such as masonry, concrete, siding, roofing and other improvements to the property such as garden work or garage maintenance.
DIY home improvement market report is segmented on the basis of product type, distribution channel, end-user and by regional & country level. Based upon product type, DIY home improvement market is classified into lumber and landscape management, décor and indoor garden, kitchen, painting and wallpaper, tools and hardware, building materials, lighting, plumbing and equipment, flooring and electrical work. Based upon distribution channel, DIY home improvement market is classified into DIY shops, online and other. Based upon end user, DIY home improvement market is classified into residential, commercial and others.
The regions covered in this DIY home improvement market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players DIY Home Improvement Market
DIY home improvement market report covers top kryplayers are,
Dow Building Solutions
Hanley Wood, LLC
DuPont Building Innovations
The Tapco Group
The Home Depot
Harvey Building Products
DIY Home Improvement Market Dynamics –
Increasing development of the construction industry, reducing living space, adoption of innovative interior & exterior like garden, smart kitchens etc. these are some key impacting factors deriving the growth of the global DIY home improvement market. According to estimates there was 2% increases (USD44 billion) in U.S. healthcare construction spending in 2019. Moreover, rise in investment in the global construction sector, specifically in the residential and commercial sector, growing population and urbanization, these factors will increases the DIY home