DIY home improvement stands as a key segment of the DIY market, and it accounts for the largest share of the global DIY market. Home improvement involves renovating or remodeling one’s home. Although the practice of DIY is quite common in the Western regions, the market is slowly picking up in the emerging regions such as APAC and MEA. In Europe, DIY is widely practiced across the region. In countries like Germany and France, people are quite confident in engaging in DIY projects, enjoying it as a hobby.
The exponential increase in the presence of retail stores such as hypermarkets, supermarkets, and specialty stores offering different DIY products, is the key driver responsible for the growth of the DIY tools market. The growing number of stores have compelled retailers to constantly come up with new ideas and innovative products for better user engagement. For instance, Home Depot offers various DIY projects and ideas allowing customers to perform DIY tasks by watching videos easily. It also offers suggestions on the type of tools that can be used to perform these activities.
At present, the DIY tools market is highly fragmented due to the presence of both major and private players. Due to this competition, manufacturers are focusing on innovations to meet the varying buying trend of the consumer. The key factors intensifying this competition are low product differentiation and long product replacement cycles. As a result, pricing, distribution network, and brand recognition are of crucial importance to the manufacturers. With multiple product launches, price wars, and mergers and acquisitions the competition is expected to intensify over the forecast period.
The global DIY Tools market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on DIY Tools volume and value at global level, regional level and company level. From a global perspective, this report represents overall DIY Tools market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of DIY Tools in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their DIY Tools manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Stanley Black & Decker
Casal Power Tools
Segment by Regions
Segment by Type
DIY power tools
DIY hand tools
DIY decorative tools
Segment by Application