LONDON–(BUSINESS WIRE)–Sep 15, 2020–
The do-it-yourself home improvement retailing market in Europe to register an incremental growth of USD 25.41 billion, witnessing a CAGR of almost 3% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the do-it-yourself home improvement retailing market in Europe in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Do-it-Yourself (DIY) Home Improvement Retailing Market in Europe 2020-2024 (Graphic: Business Wire)
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The do-it-yourself home improvement retailing market in Europe will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.
Do-it-Yourself Home Improvement Retailing Market in Europe 2020-2024: Vendor Analysis
The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.
Major do-it-yourself home improvement retailing market participants in Europe are
- BAUHAUS AG
- BAUVISTA GmbH & Co. KG
- EUROBAUSTOFF Handelsgesellschaft mbH & Co. KG
- Groupe Adeo
- HORNBACH Baumarkt AG Group
- Intergamma BV
- Kesko Corp.
- Kingfisher Plc
- OBI Group Holding SE & Co. KGaA
- Travis Perkins Plc
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Do-it-Yourself Home Improvement Retailing Market in Europe 2020-2024: Segmentation
Do-it-Yourself Home Improvement Retailing Market in Europe is segmented as below:
- Distribution Channel
- Lumber and landscape management
- Decor and indoor garden
- Painting and wallpaper
Lumber and landscape management will account for the largest share due to the several varieties of products available in the market.
- Rest of Europe
Germany region will account for the highest incremental growth during the forecast period due to the introduction of innovative DIY products.
The do-it-yourself home improvement retailing market in Europe is driven by rising interest in DIY home improvement projects and convenience offered by online stores, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Consumer Discretionary industry.
For gaining more insights about the impact of COVID-19 pandemic on related reports, check outTechnavio’s Consumer Discretionary section
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