DIY & Hardware Store - Portugal

Portugal

In Portugal, the revenue in the DIY & Hardware Store market reaches €3,892.00m in 2024.
It is projected that the market will experience an annual growth rate of 2.96% (CAGR 2024-2029).
When compared to other countries worldwide, in China generates the highest revenue with €728bn in 2024.
Looking at the per capita figures, in Portugal, each person generates revenues of €380.70 in 2024.
"Portugal's DIY & Hardware Store market is experiencing a surge in demand for sustainable and eco-friendly products."

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

Definition:

The DIY (Do-It-Yourself) market refers to the retail market for products used in home improvement and repair projects, such as tools, hardware, building materials, and lawn and garden products. These products are marketed to consumers who want to perform home improvement projects on their own rather than hire a professional. The DIY market provides consumers with the materials and tools they need to complete projects ranging from simple repairs to complete renovations, allowing them to save money and express their creativity in their living spaces.

Structure:

The market is divided into seven different segments:

The Paint, Wallpaper & Supplies segment includes products used for interior and exterior decoration, renovation, and protection of residential buildings.
The Tools & Machines segment consist of products used for construction, maintenance, and repair tasks.
The Hardware & Building Materials segment includes a diverse range of products that play an important role in the structure, safety, and functionality of a building.
The Lawn & Garden segment encompasses products that help homeowners and landscapers to create and maintain attractive and functional outdoor living spaces.
The Heating & Cooling segment focuses on produts that help regulate indoor temperatures, ensuring comfort, energy efficiency, and air quality in homes.
The Bathroom Hardware segment includes products designed to enhance the functionality and appearance of bathrooms.
The Floor Covering segment encompasses products that serve to protect the floor, enhance the appearance of the room, provide insulation and comfort, and can add value to a property.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The DIY & Hardware Store market in Portugal is experiencing minimal growth, with various factors impacting the overall market. These include the increasing demand for home improvement products, rising consumer awareness, and the convenience of online shopping for hardware and building materials. The market is also influenced by the declining housing market and economic slowdown.

Customer preferences: Consumers in Portugal are increasingly turning to DIY and hardware stores as a cost-effective option for home improvement projects. This trend is driven by a rise in home ownership rates and a growing interest in DIY culture. Additionally, there is a shift towards eco-friendly and sustainable materials, as well as a preference for durable and high-quality products. Furthermore, the convenience and ease of online shopping and home delivery services have made these stores even more popular among busy consumers.

Trends in the market: In Portugal, the DIY & Hardware Store Market is experiencing a rise in e-commerce, with more consumers turning to online channels for their home improvement needs. Additionally, there is an increasing demand for eco-friendly and sustainable products, driving the market towards more environmentally-friendly options. This trend is expected to continue, with a growing focus on green solutions and digital tools such as virtual home design and augmented reality to enhance the customer experience. Industry stakeholders should adapt to these trends and invest in digital platforms and sustainable practices to stay competitive in the market.

Local special circumstances: In Portugal, the DIY & Hardware Store Market is strongly influenced by the country's rich history of craftsmanship and traditional home-building methods. This has led to a strong demand for high-quality, locally-made tools and materials, as well as a high value placed on DIY projects. Additionally, the country's coastal location has also resulted in a focus on eco-friendly and sustainable building practices, with an increasing demand for green products. Furthermore, Portugal's government has implemented regulations promoting energy efficiency and sustainable construction, further driving the market towards environmentally-friendly products and solutions.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Portugal is largely influenced by macroeconomic factors such as the country's economic performance and government policies. The overall health of the Portuguese economy and its fluctuations can significantly impact consumer spending on home improvement and hardware products. Moreover, changes in fiscal policies, such as tax rates and import regulations, can also affect the availability and pricing of these products. Additionally, global economic trends, such as the increasing focus on sustainability and environmentally friendly products, can also shape the demand for DIY and hardware materials in the Portuguese market. Overall, these macroeconomic factors play a crucial role in driving the growth and competitiveness of the DIY & Hardware Store Market in Portugal, ultimately shaping the strategies and operations of market players in the country.

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.