Market Insights Consumer DIY & Hardware Store

Paint, Wallpaper & Supplies - Eastern Asia

Eastern Asia

In 2024, the revenue in the Paint, Wallpaper & Supplies market in Eastern Asia amounts to €53.36bn.
This market is projected to experience an annual growth rate of 1.65% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, reaching €47,340m in 2024.
In terms of per capita figures, the revenue generated per person in Eastern Asia is €32.65 in 2024.
In Eastern Asia, the demand for eco-friendly paint and wallpaper products is rapidly increasing due to growing environmental awareness.

Key regions: Japan, Indonesia, Turkey, Germany, Worldwide

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Analyst Opinion

The Paint, Wallpaper & Supplies Market in Eastern Asia nan is experiencing a stagnant growth rate, impacted by factors such as limited consumer interest, lack of innovation, and high competition. This has hindered the market's potential for growth, despite the convenience and accessibility offered by online DIY and hardware stores.

Customer preferences: The DIY & Hardware Store Market in Eastern Asia has seen a rise in demand for environmentally-friendly and sustainable paint and wallpaper options. This can be attributed to the growing awareness on the harmful effects of traditional paint and wallpaper materials. As consumers become more conscious about their impact on the environment, they are opting for natural and eco-friendly alternatives. This trend is also driven by the increasing popularity of DIY home renovation projects, where consumers are looking to use safe and non-toxic materials.

Trends in the market: In Eastern Asia, there is a growing trend of incorporating sustainability and eco-friendliness in the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market. This is driven by increasing consumer awareness and demand for environmentally friendly products. This trend is expected to continue, with companies implementing sustainable practices in their production processes and offering products with eco-labeling. This has significant implications for industry stakeholders, as they need to adapt to changing consumer preferences and invest in sustainable technologies to remain competitive in the market. Furthermore, regulators are likely to impose stricter regulations on the use of toxic chemicals in paints and wallpapers, which could impact the cost of production and pricing strategies of companies in the market.

Local special circumstances: In Japan, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's tradition of DIY home improvement projects and the popularity of compact living spaces. This has led to a high demand for efficient and space-saving products, such as folding wallpaper and compact paint sets. Additionally, strict government regulations on VOC emissions have resulted in the development of eco-friendly and low odor options, catering to the environmentally-conscious consumer base.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Eastern Asia is heavily impacted by macroeconomic factors such as overall economic health, consumer confidence, and government fiscal policies. As the region continues to experience economic growth, the demand for home improvement projects and DIY activities is on the rise. Additionally, the increasing disposable income and urbanization in countries like China and Japan are driving the demand for home improvement products, including paint, wallpaper, and supplies. However, regulatory challenges and limited infrastructure development in some countries can hinder the market growth in the region. Moreover, changing consumer preferences and the growing trend towards eco-friendly and sustainable products are also influencing the market, creating opportunities for companies to innovate and cater to the evolving consumer demands.

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.