Global Do-it-Yourself (DIY) Home Improvement Retailing Market 2019-2023
The change in lifestyle have raised the interest in DIY interior designing. Moreover, in developing regions, the growing population of working women and their participation in the decision- making process for home decoration are also pushing the sales of products required for such projects. Subsequently there is a growing adoption of DIY home improvement products. The use of DIY products lowers long- term costs than work outsourced to expensive labor. Therefore, the demand for DIY home improvement products is a major factor driving the market. analysts have predicted that the do-it-yourself home improvement retailing market will register a CAGR of close to 4% by 2023.
Advent of e- commerce, free pick- up, and delivery opportunity by key competitors.
The convenient and comfortable shopping has becoming very important because of hectic lifestyle and work schedules. Many key competitors have opened their own online stores to offer cheap pick- up and delivery services.
High complications in logistics and supply chain operations
Many competitors are also exposed to varying costs of fuel, taxes, duties, and fees and different government policies. These factors reduce the net profits of competitors, thereby affecting the overall market.
For the detailed list of factors that will drive and challenge the growth of the do-it-yourself (DIY) home improvement retailing market during the 2019-2023, view our report.
The do-it-yourself home improvement retailing market is reasonably fragmented with the existence of many. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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