Market Insights Consumer DIY & Hardware Store

Tools & Machines - Netherlands

Netherlands

In the Netherlands, the revenue in the Tools & Machines market is projected to reach €0.90bn in 2024.
It is anticipated that the market will experience an annual growth rate of 3.52% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this market, with an estimated amount of €72bn in 2024.
In terms of per capita revenue, each person in the Netherlands is expected to generate €51.04 in 2024.
Netherlands is experiencing a surge in demand for high-quality precision tools and machines, bolstering its position as a leading manufacturing hub in Europe.

Key regions: India, Worldwide, Germany, Japan, Brazil

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Analyst Opinion

The DIY & Hardware Store Market in Netherlands nan has seen minimal growth, impacted by factors such as declining consumer interest in DIY projects and increased competition from online retailers. Digital tools and machines have failed to see significant adoption in this market.

Customer preferences: Consumers within the DIY & Hardware Store Market in Netherlands are increasingly opting for power tools and machines that offer advanced features and capabilities. This can be attributed to the rising trend of DIY projects and home renovations, as well as the increasing number of DIY enthusiasts. Additionally, there is a growing demand for eco-friendly and sustainable power tools, as consumers become more environmentally conscious. This has led to the introduction of new and innovative products that cater to this preference.

Trends in the market: In the Netherlands, there has been an increasing demand for high-quality and durable tools and machines within the DIY & Hardware Store Market. This trend is attributed to the growing interest in home improvement projects and a shift towards a more hands-on approach to maintenance and repairs. As a result, industry leaders are investing in research and development to create innovative and efficient products that cater to this demand. This also presents an opportunity for retailers to expand their product offerings and cater to the niche market of DIY enthusiasts. With the rise of digital tools and e-commerce, businesses are also investing in online platforms to reach a wider customer base, making it easier for consumers to compare prices and make informed purchases. As the trend continues to gain momentum, it is important for industry stakeholders to adapt and stay ahead of the competition in this growing market.

Local special circumstances: In the Netherlands, the Tools & Machines market is heavily influenced by the country's strong culture of DIY and home improvement. Additionally, the high population density and limited space in urban areas create a demand for compact and portable tools. The government's strict regulations and safety standards also play a significant role in shaping the market, with a focus on sustainable and environmentally friendly products. Furthermore, the country's strong manufacturing industry and skilled workforce contribute to the production of high-quality tools and machines.

Underlying macroeconomic factors: The Tools & Machines Market within the DIY & Hardware Store Market in Netherlands is impacted by macroeconomic factors such as economic growth, changes in consumer buying power, and government regulations. The country's stable economic health, with a high GDP per capita and a strong fiscal policy, contributes to the growing demand for tools and machines in the DIY market. Furthermore, the increasing trend of DIY home improvement and the rise in renovation projects due to the aging population also drive market growth. However, changes in tax policies and fluctuating raw material prices may have a significant impact on market performance.

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.