DIY & Hardware Store - Denmark

  • Denmark
  • In Denmark, the revenue in the DIY & Hardware Store market is projected to reach €3,280.00m in 2024.
  • It is anticipated that the market will experience an annual growth rate of 3.43% (CAGR 2024-2029).
  • Comparing globally, in China generates the highest revenue in this market segment, with a staggering amount of €720bn in 2024.
  • In terms of per capita figures, each person in Denmark is expected to generate revenues of €552.20 in 2024.
  • Denmark's DIY & Hardware Store market is witnessing a surge in demand for sustainable and eco-friendly products, driven by the country's strong focus on environmental sustainability.

Key regions: Worldwide, China, United States, India, Japan

 
Mercado
 
Región
 
Comparación de regiones
 
Moneda
 

Analyst Opinion

The DIY & Hardware Store Market in Denmark has seen minimal growth due to factors such as limited consumer spending, competition from e-commerce, and a slowdown in the construction industry. However, growth in the Floor Covering and Heating & Cooling sub-markets, as well as an increasing focus on sustainable and eco-friendly products, are driving some growth in the market. Additionally, the rising trend of home improvement and renovation projects is expected to contribute to future growth.

Customer preferences:
With the increasing focus on sustainability and reducing waste, Danish consumers are gravitating towards more environmentally friendly and sustainable DIY and hardware products. This trend is driven by a growing awareness of the impact of consumer choices on the environment and a desire to support eco-friendly businesses. As a result, DIY and hardware stores are expanding their offerings to include a wider range of eco-friendly and sustainable options, such as energy-efficient tools and eco-friendly building materials. This shift reflects the cultural value placed on environmental consciousness in Denmark and the growing demand for environmentally sustainable solutions in the market.

Trends in the market:
In Denmark, the DIY & Hardware Store Market has seen a rise in the use of digital tools and resources. This trend has been driven by a growing demand for convenience and efficiency, as well as the increasing availability of technology. For example, many stores now offer digital catalogs and virtual home design tools to help customers plan their projects. Additionally, there has been a rise in the use of mobile apps, such as DIY project guides and budget planning tools. These trends are significant for industry stakeholders as they provide opportunities for increased customer engagement and satisfaction, while also streamlining processes and reducing costs. Moving forward, the DIY & Hardware Store Market is likely to continue integrating digital solutions, providing a competitive edge and enhancing the overall customer experience.

Local special circumstances:
In Denmark, the DIY & Hardware Store market is heavily influenced by the country's strong focus on sustainability and eco-friendly practices. This has led to a rise in demand for products and materials that are environmentally responsible. Additionally, the Danish government has imposed strict regulations on waste disposal and packaging requirements, further driving the market towards more sustainable options. The country's small size and high population density also contribute to a preference for DIY and home improvement projects, as many Danes live in smaller homes and seek to optimize their living space.

Underlying macroeconomic factors:
The DIY & Hardware Store Market in Denmark is greatly impacted by macroeconomic factors such as the country's overall economic health, government fiscal policies, and global economic trends. Denmark's stable economy, with a strong emphasis on sustainability and innovation, has created a favorable environment for the growth of the DIY & Hardware Store Market. Moreover, the government's support for DIY and home improvement projects, along with the increasing interest and investment in sustainable and eco-friendly products, has further propelled the market's growth. Additionally, the country's high disposable income and rising urbanization have also contributed to the demand for DIY and hardware products.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Visión general

  • Revenue
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
Espere, por favor

Contacto

¿Alguna duda? Estaremos encantados de atenderte.
Statista Locations
Contacto Nerea Marcos
Nerea Marcos
Client Success Manager

Lu - vi, 9:30 - 17:00 h (CET)

Contacto Meredith Alda
Meredith Alda
Sales Manager– Contacto (Estados Unidos)

Lu - vi, 9:00 - 18:00 h (EST)

Contacto Yolanda Mega
Yolanda Mega
Operations Manager– Contacto (Asia)

Lu - vi, 9:00 - 17:00 h (SGT)

Contacto Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contacto (Asia)

Lu - vi, 10:00 - 18:00 h (JST)

Contacto Lodovica Biagi
Lodovica Biagi
Director of Operations– Contacto (Europa)

Lu - vi, 9:30 - 17:00 h (GMT)

Contacto Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contacto (América Latina)

Lu - vi, 9:00am-6:00pm (EST)