Market Insights report
In this comprehensive market report, we delve into the dynamic and ever-evolving landscape of the DIY & Hardware Store market, examining key trends, market drivers, and key players shaping the industry. The DIY & Hardware Store market is divided into seven sub-markets: Paint, Wallpaper & Supplies, Tools & Machines, Hardware & Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering. Within each of these sub-markets, we analyze the market size, growth rate, and regional variations to help better understand purchasing patterns in different geographical areas. In 2022, the DIY & Hardware Store market realized a total worldwide revenue of $2,633 billion, generating a negative growth rate of -5.8% compared to 2021. What's included?
The DIY & Hardware Store market refers to the sector that encompasses retail establishments specializing in the sale of do-it-yourself (DIY) supplies, tools, equipment, and hardware products. These stores cater to consumers who undertake various home improvement, maintenance, and renovation projects. The market has shown constant growth over the years and research has shown that consumers regularly spend money in this area. The market is divided into six sub-markets: Paint, Wallpaper & Supplies, Tools & Machines, Hardware & Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering. This report provides an overview of the DIY & Hardware Store market from an international perspective. Besides all relevant market figures like total revenue and per capita revenues between 2018 and 2028, we furthermore give detailed insights into current trends, key players, and important background information on the DIY & Hardware Store market. The global DIY & Hardware Store market has experienced constant growth in sales with 2022 being an exception. The increase in out-of-home consumption following the COVID-19 pandemic and the increase in the cost of living worldwide are major reasons for this market's decline in 2022. With nearly 60%, the Hardware & Building Materials market is the largest sub-market of the DIY & Hardware Store market, with US$1,576 billion in revenues in 2022, followed by the Lawn & Garden market with US$311 billion. The Lawn & Garden market shows the highest growth potential among all sub-markets and is expected to grow by more than 4% between 2022 and 2028.
Note: CAGR: Compound Annual Growth Rate / average growth rate per year
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