Outlook of the DIY market in Europe
Technavio’s market research analyst predicts the do-it-yourself (DIY) market in Europe to grow at a slow but moderate CAGR of around 2% by 2020. The recent increase in home ownership and the rising disposable income of the populace will impel the DIY market in Europe. Due to the growing customer confidence, the spending on items such as furniture and tools has increased. Also, the diversification of product lines is a critical factor that will foster the prospects for growth in this market during the predicted period.
The high-cost effectiveness of DIY is the key driver for the growth of this market. Fully assembled products are more expensive due to their high production cost. As these products are bulky, their high shipping charges are also passed on to the consumers. The ability of DIY to eliminate these excessive costs by offering flexibility of customization in terms of raw materials and pricing of products, which is not possible with the standard ready-made products, will result in the populace’s growing preference for DIY during the predicted period.
Segmentation by product category and analysis of the DIY market in Europe
- Doors, windows, bath, fencing, brickwork, walkway, and landscape maintenance
- Décor and indoor garden
- Kitchen
- Painting, wallpaper, and supplies
- Tools and hardware
- Building materials for roofs and gutters, plastering and cladding material
- Lighting
- Plumbing materials and equipment
- Materials and supplies for flooring, repair and replacement
- Materials and equipment for electrical work
In this market study, analysts have estimated the doors, windows, bath, fencing, brickwork, walkway, and landscape maintenance segment to be the largest market segment during the predicted period. This segment currently accounts for more than 21% of the total market share and is envisaged to retain its hold over the market by 2020 due to the increasing remodelling of doors and windows by the populace.
Competitive landscape and key vendors
The DIY market in Europe is fragmented due to the presence of multiple small, medium, and large international and regional players. The providers in this market compete on the basis of product portfolio and pricing to gain maximum market shares during the forecast period.
Leading vendors in the market are -
- Adeo
- Bauhaus
- Home Retail Group
- Kingfisher
- OBI
Other prominent vendors in the market include Kesko, Travis Perkins, Les Mousquetaires, Hornbach, Sherwin Williams, and Zeus.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the DIY market in Europe?
- What are the key market trends impacting the growth of the DIY market in Europe?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the DIY market in Europe?
- What are the key outcomes of the five forces analysis of the DIY market in Europe?
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