The Report Covers the Analysis and Share of the Global DIY Home Improvement Market and is Segmented by Product Type (Lumber and Landscape Management, Decor and Indoor Garden, Kitchen, Painting and Wallpaper, Tools and Hardware, Building Materials, Lighting, Plumbing and Equipment, Flooring, Repair and Replacement, And Electrical Work), Distribution Channel (DIY Home Improvement Stores, Specialty Stores, Online, Furniture, And Other Physical Stores), And Geography (North America, South America, Europe, Asia-pacific, And Middle East and Africa). The Report Offers Market Size and Forecasts for the Global DIY Home Improvement Market in Value in USD for all the Above Segments.

This graph shows the results of a survey concerning the number of customers of the most popular DIY and home improvement retailers in Germany from 2018 to 2021. During the 2021 survey period it was found that around 19 million persons among the German-speaking population aged 14 years and older stated that they had made a purchase at OBI in the previous six months.

This statistic illustrates the share of Americans interested in DIY and arts & craft. As of September 2024, 26 percent of 18 - 29 year old consumers do so in the U.S. This is according to exclusive results from the Consumer Insights Global survey which shows that 26 percent of 30 - 49 year old customers also fall into this category.Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than 2,000,000 interviews.

Craft Kits And Projects Market size was valued at USD 49.32 Billion in 2024 and is projected to reach USD 74.3 Billion by 2031, growing at a CAGR of 5.80% from 2024 to 2031.

Craft Kits And Projects Market Drivers

Rising Interest in DIY Culture: The growing popularity of DIY (Do-It-Yourself) culture, especially among millennials and Gen Z, is a major driver. These demographics are increasingly seeking creative outlets that allow them to personalize their projects, leading to a surge in demand for craft kits.

Increased Leisure Time: The rise in leisure time, partly due to flexible working conditions and the increasing trend of remote work, has led to more people engaging in hobbies like crafting. This has spurred demand for craft kits that provide a convenient and accessible way to explore creative activities.

Social Media Influence: Platforms like Instagram, Pinterest, and TikTok have become major influencers in the craft industry. The sharing of crafting projects and tutorials on these platforms has inspired more people to take up crafting, boosting the market for craft kits.

The US Do-It-Yourself (DIY) home improvement market is a robust sector, exhibiting consistent growth. With a 2025 market size of $275.24 billion and a Compound Annual Growth Rate (CAGR) of 3.7%, the market is projected to reach significant heights by 2033. Key drivers include a rising homeowner population, increasing disposable incomes fueling renovation projects, and a growing preference for personalized home spaces. The market's segmentation reveals valuable insights: Lumber and landscape management currently holds a dominant share, fueled by ongoing demand for outdoor living spaces and landscaping projects. Tools and hardware represent a significant segment, underpinned by the necessity for equipment in most DIY endeavors. Decor and indoor gardening segments are experiencing strong growth, driven by a trend towards home personalization and an increased interest in indoor plants. The kitchen segment benefits from continuous renovation and remodeling projects, indicating a consistent demand. Lighting and other ancillary products also contribute to overall market growth. Distribution channels are bifurcated between online and offline, with online sales experiencing a notable increase due to convenience and accessibility. Residential applications continue to dominate, but commercial applications are showing growth potential as businesses increasingly invest in renovations. Competition within the US DIY home improvement market is intense, with a multitude of established players and emerging brands. Leading companies leverage various competitive strategies, including product innovation, strategic partnerships, and aggressive marketing campaigns, to maintain market share. Industry risks include fluctuations in raw material costs, economic downturns impacting consumer spending, and evolving consumer preferences. Analyzing these factors and segments allows stakeholders to strategically position themselves for success within the thriving US DIY home improvement market. Considering the historical period of 2019-2024, we can expect a continuation of these trends, with market fluctuations dependent on economic conditions and prevailing consumer sentiment. The forecast period of 2025-2033 suggests a continued expansion, further solidifying the market's stability and appeal for investors and businesses.

This statistic shows the results of a survey on the level of interest in DIY activities in Germany between 2018 and 2024. In the period of consideration, the number of people who reported often spending their leisure time doing handcrafting, wood or textile crafting, pottering, etc. has been fluctuating, amounting to 5.26 million in 2024.The Allensbach Market and Advertising Media Analysis (Allensbacher Markt- und Werbeträgeranalyse or AWA in German) determines attitudes, consumer habits and media usage of the population in Germany on a broad statistical basis.

The personal die-cutting machine market, valued at $1369 million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 10.4% from 2025 to 2033. This expansion is fueled by several key factors. The increasing popularity of crafting and DIY projects, particularly among younger demographics, drives demand for versatile and user-friendly die-cutting machines. The rise of online crafting communities and tutorials further fuels market growth by providing inspiration and accessibility to new techniques. Technological advancements, such as improved software integration and enhanced cutting precision, also contribute to the market's expansion. Growth is further spurred by the segmentation of the market into applications catering to home users, schools, and professional crafters, with further distinction by features like LCD displays, accommodating diverse user needs and budgets. Competition among established brands like Cricut, Silhouette America, and Brother, alongside smaller players, fosters innovation and affordability, making these machines increasingly accessible. The market's segmentation into "with LCD Display" and "without LCD Display" models reveals distinct consumer preferences. While LCD displays enhance usability and project precision, simpler, non-LCD models offer a more budget-friendly option, appealing to casual users. Geographic distribution shows strong market presence in North America and Europe, with emerging markets in Asia-Pacific poised for significant growth in the coming years, driven by increasing disposable income and rising interest in crafting activities. However, potential restraints include the availability of substitute technologies and the price sensitivity of certain market segments. Nevertheless, the ongoing trend towards personalization and creativity in crafting projects, coupled with continuous product innovation, ensures the sustained growth of the personal die-cutting machine market throughout the forecast period.

This statistic presents the results of a consumer survey conducted with DIY and gardening shoppers in the United Kingdom (UK) in 2018. 39 percent of DIY shoppers preferred to buy power tools online as opposed to 26 percent of shoppers who went for in-store shopping. The most popular items that consumers preferred buying online rather than in-store were nails, screws, and adhesives with 67 percent of those surveyed stating they liked to buy them online.

The European DIY home improvement market, valued at $192.88 billion in 2025, is projected to experience steady growth, driven by several key factors. A rising homeowner population, coupled with increasing disposable incomes across major European economies like Germany, the UK, and France, fuels demand for home renovation and improvement projects. The growing popularity of home-styling trends showcased on social media and home improvement television shows further stimulates consumer interest in upgrading their living spaces. Specifically, the "lumber and landscape management" segment is expected to be a significant contributor to market growth, reflecting a surge in interest in outdoor living spaces and garden enhancements. The "decor and indoor garden" segment also shows strong potential, driven by increasing demand for personalized and aesthetically pleasing home environments. While online channels are gaining traction, offline retailers remain dominant, highlighting the importance of a robust physical presence for successful market penetration. However, the market faces challenges including fluctuating material costs, supply chain disruptions, and potential economic downturns which could impact consumer spending on discretionary items like home improvements. The competitive landscape is characterized by both large multinational corporations and smaller specialized retailers, resulting in a dynamic market with ongoing innovation in products and services. Growth will likely be strongest in markets exhibiting strong economic performance and a culture of home ownership. The forecast period of 2025-2033 suggests a sustained CAGR of 3.2%. This growth, while moderate, indicates a resilient market despite potential headwinds. Further segmentation analysis reveals that the kitchen renovation segment benefits from increasing interest in modernizing kitchens and optimizing space. The painting and wallpaper segment reflects continuous demand for interior refresh and aesthetic enhancement. Geographical analysis indicates that Germany, the UK, and France will be key growth drivers within Europe, reflecting their large populations, strong economies, and established home improvement sectors. Strategic partnerships, product diversification, and focusing on sustainable and eco-friendly products will be critical success factors for companies vying for market share. The increasing awareness of environmental concerns is leading to a growing demand for sustainable building materials and eco-friendly renovation practices, presenting both opportunities and challenges for companies operating within the sector.

How high is the brand awareness of The Home Depot in the United States?When it comes to DIY and garden online shop users, brand awareness of The Home Depot is at 94% in the United States. The survey was conducted using the concept of aided brand recognition, showing respondents both the brand's logo and the written brand name.How popular is The Home Depot in the United States?In total, 63% of U.S. DIY and garden online shop users say they like The Home Depot. However, in actuality, among the 94% of U.S. respondents who know The Home Depot, 67% of people like the brand.What is the usage share of The Home Depot in the United States?All in all, 59% of DIY and garden online shop users in the United States use The Home Depot. That means, of the 94% who know the brand, 63% use them.How loyal are the customers of The Home Depot?Around 53% of DIY and garden online shop users in the United States say they are likely to use The Home Depot again. Set in relation to the 59% usage share of the brand, this means that 90% of their customers show loyalty to the brand.What's the buzz around The Home Depot in the United States?In July 2022, about 45% of U.S. DIY and garden online shop users had heard about The Home Depot in the media, on social media, or in advertising over the past three months. Of the 94% who know the brand, that's 48%, meaning at the time of the survey there's some buzz around The Home Depot in the United States.If you want to compare brands, do deep-dives by survey items of your choice, filter by total online population or users of a certain brand, or drill down on your very own hand-tailored target groups, our Consumer Insights Brand KPI survey has you covered.

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Hacksaw Blades Market Size 2024-2028

The hacksaw blades market size is forecast to increase by USD 291.1 million at a CAGR of 4.58% between 2023 and 2028.

The market is witnessing significant growth due to the expanding residential and commercial construction sector. The rapid urbanization in the US has led to an increase in demand for various building materials, including hacksaw blades. Brass and aluminum blades remain popular choices for cutting through various materials such as OSB wood panels, plywood, solid wood, timber, and kerfs in wood.
Additionally, there is a growing trend towards sustainable materials, with hacksaw blades made from polystyrene, bamboo wood, and other eco-friendly alternatives gaining traction. Online sales are also on the rise, offering convenience and accessibility to consumers. Professionals and DIY customers rely on these blades for cutting metals, copper, steel, brass, and aluminum. However, the market is faced with challenges such as volatility in raw material prices, particularly for brass and aluminum, which can impact the profitability of manufacturers.

What will be the Size of the Market During the Forecast Period?

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The market encompasses a wide range of products designed for industrial cutting applications across various sectors. These blades are engineered to cut through metals, plastics, and wood with precision and efficiency. The market caters to both professional users and DIY customers, with a focus on delivering high-performance blades for specific use cases. Two primary materials dominate the market: high-speed steel (HSS) and specialty cutting blades. HSS blades, known for their durability and heat resistance, are commonly used for cutting metals. Specialty cutting blades, on the other hand, are designed for specific applications, such as cutting through plastics or wood, and are often made of materials like threads per inch (TPI) or carbon.
Additionally, industrial cutting applications span numerous industries, including sawmill manufacturing, furniture production, and automobile manufacturing. In sawmill manufacturing, hacksaw blades are essential for cutting logs into lumber. In furniture production, they are used to cut wood components for assembly. In automobile applications, hacksaw blades are utilized for cutting various metal parts during the manufacturing process. Advancements in technology, such as laser cutting and water cutting, have led to new applications for hacksaw blades. For instance, laser cutting technology requires the use of specialized hacksaw blades to cut through materials efficiently and accurately. Similarly, water cutting technology, which uses high-pressure water jets to cut materials, also benefits from the use of high-performance hacksaw blades.
Moreover, political factors and social scenarios can significantly impact the market. For example, government regulations regarding safety standards and environmental concerns may influence the design and production of hacksaw blades. Additionally, demographic trends, such as an aging population and a growing DIY culture, can impact demand for hacksaw blades in various industries. To maintain a competitive position in the market, companies must focus on delivering high-quality products that cater to the unique needs of their customers. Winning imperatives include continuous innovation, operational efficiency, and a strong company industry footprint. Ace Matrix, a leading player in the market, has achieved success by offering a diverse range of products and maintaining a strong focus on customer satisfaction.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Power hacksaw blades
  Hand hacksaw blades


Material

  Aluminum
  Brass
  Mild steel


Geography

  Europe

    Germany
    UK


  APAC

    China
    Japan


  North America

    US


  Middle East and Africa



  South America

By Product Insights

The power hacksaw blades segment is estimated to witness significant growth during the forecast period.

Power hacksaw blades are essential components of power or electric hacksaws, which are primarily driven by electric motors. These blades are larger, heavier, and feature fewer teeth per inch compared to hand hacksaw blades. The materials used to manufacture power hacksaw blades include high-speed molybdenum steel and high-speed tungsten steel. The market for power hacksaw blades is significantly influenced by the increasing number of commercial infrastructure projects worldwide. Governments are investing substantially in the development of sports facilities and other capital-intensive projects, leading to

In 2023, DIY retailer hagebaumarkt had the most stores in Germany with 458, followed by Eurobaustof and Bauvista. Other popular chains included Obi and Fishbull. If you want something done The German DIY and home improvement sector is dynamic, with stores enjoying popularity and demand among consumers. In fact, the number of people who sometimes engage in DIY activities in their leisure time has been growing. Home improvement retail as such is expected to generate increasing revenues in the 2020s. The DIY market boomed in particular during the pandemic, as the population was restricted in terms of mobility and activities, often opting for gardening and home improvement tasks as a way to pass the time. While the restrictions have now been lifted for a while, inflation levels in Germany amid the current energy crisis led to increased prices across industries. Consumers might therefore still decide to buy materials for their DIY, rather than hire someone or buy a new item. Future challenges Total DIY and home improvement store numbers in Germany have been decreasing in recent years, which may pose challenges for the brick-and-mortar business. One of the reasons for this development is the expansion of e-commerce transactions in the sector, as the ongoing, long-term spread of online shopping is affecting all industries. In fact, among the main advantages of online shopping listed by Germans, the leading ones were saving time, easier comparison of prices, and lower prices in general.

Fabric Glue Market Analysis The global fabric glue market witnessed a valuation of USD 7.96 billion in 2025 and is projected to reach USD 12.17 billion by 2033, expanding at a CAGR of 3.65% over the forecast period (2025-2033). The market is driven by increasing demand from apparel manufacturers, home décor enthusiasts, and DIY consumers. The growing trend of self-repairs and personalized home décor is fueling market expansion. Additionally, advancements in glue formulations, leading to enhanced adhesion, durability, and convenience, are further contributing to market growth. Key market trends include the rising prominence of water-based fabric glues due to their environmental friendliness and low VOC emissions. Adhesives designed specifically for use on delicate fabrics and fabrics with specific properties, such as fire-resistant or breathable, are gaining popularity. Moreover, the increasing availability of fabric glue in various forms, such as liquid, gel, spray, and stick, caters to different application requirements and end-user preferences. Regions such as Asia Pacific and North America are expected to witness significant market growth due to the presence of a large manufacturing base and a rising middle-class population with disposable income. Recent developments include: Recent developments in the fabric glue market indicate a growing trend toward eco-friendly and sustainable adhesives as manufacturers respond to consumer demand for environmentally responsible products., Notable companies are investing in research and development to innovate biodegradable formulas, leveraging renewable resources to create effective bonding solutions. Furthermore, the rise of the DIY culture and increased consumer participation in crafting and home improvement projects have significantly boosted demand for fabric glues., The industry is also witnessing a shift towards e-commerce platforms, making these products more accessible to a wider audience. As manufacturers expand their distribution channels, they explore collaborations with key retailers, enhancing brand visibility and offering diverse product ranges., Additionally, advancements in technology are enabling the customization of adhesive formulations to cater to diverse applications across various sectors, including textiles, automotive, and construction., As the market evolves, the integration of smart technologies into product offerings is becoming more prevalent, aimed at improving user experience and performance. Overall, the fabric glue market is positioned for growth, fueled by innovation and changing consumer preferences.. Key drivers for this market are: Sustainable and eco-friendly formulations Growing DIY crafting trend Surge in the textile industry demand Innovations in adhesive technology Expanding e-commerce distribution channels. Potential restraints include: Increasing DIY crafting trends Demand in the textile industry Eco-friendly adhesive innovations Rising online retail sales Competitive pricing strategies.

Hardware and home improvement stores' sales are primarily sensitive to the property market and home renovation trends. The UK enjoyed a housing market boom for over a decade until 2023-24, with homeowners turning to retailers to source materials for redecorating or performing construction work on their new properties. House price hikes and a stamp duty surcharge pained some consumers out of the market, prompting them to undergo renovation activity at their current property, lifting sales. Homeowners are targeting cost reductions through better insulation and smart technology as energy prices rise. Retailers providing these solutions are benefitting, seeing increased revenue due to the demand for quality, though smaller shops lacking these products aren't faring as well. Competition has been fierce in recent years, with price wars challenging profit. Large chains use low prices to attract customers, squeezing independent retailers. Securing a stable, long-term material supply has become crucial for mitigating cost increases. Over the five years through 2024-25, revenue is forecast to contract at a compound annual rate of 1% to £14.5 billion. As e-commerce continues to bloom in the coming years, retailers need to adapt by focusing on online shopping trends and offering integrated services like click-and-collect. They should consider scaling down large stores in favour of conveniently placed outlets. However, rising material costs are a concern, squeezing profit in the construction supply chain. While broader construction challenges exist, the DIY market shows resilience as homeowners opt for maintenance and value-boosting projects. Retailers should consider diversifying their eco-friendly and smart product offerings and back them with supportive services, drawing in renovation-focused customers. Revenue is forecast to swell at a compound annual rate of 3.6% to reach £17.3 billion over the five years through 2029-30.

As of 2023, Lowe's and its related businesses operated nearly 2,000 stores around the world. In that year, the average amount spent by consumers amounted to about 103 U.S. dollars, around 13 U.S. dollars more than the average spent in the Home Depot.

How does Lowe’s compare to its competitors? As of 2023, Lowe’s was the third runner-up in terms of customer satisfaction alongside Menards and The Home Depot, among the leading improvement store chains in the United States. In 2022, The Home Depot was the leading hardware and home improvement retail chain in the United States in terms of sales. Lowe’s took second place on this listing, putting it ahead of companies such as Ace Hardware and Menards.

Home improvement retail in the U.S. In recent years, the U.S. home improvement industry has witnessed steady growth, and the trend is expected to continue in the near future. According to one forecast, homeowner improvements and repair expenditures were expected to reach roughly 445 billion U.S. dollars in the third quarter of 2023.

Consumer Use Light Hair Removal Machines Market Outlook

The global consumer use light hair removal machines market size was valued at approximately USD 1.2 billion in 2023 and is expected to reach around USD 2.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7% during the forecast period. This market is witnessing robust growth due to the increasing demand for convenient, affordable, and effective hair removal solutions that can be used at home. The surge in awareness regarding personal grooming and aesthetic appeal, coupled with technological advancements in light-based hair removal devices, are significant growth factors propelling the market forward. As consumers increasingly prioritize convenience, the demand for at-home hair removal solutions continues to rise, driving the market's expansion.

One of the primary growth drivers in the consumer use light hair removal machines market is the ongoing technological innovation that has made these devices more efficient, user-friendly, and cost-effective. Manufacturers are continuously improving their product offerings by integrating advanced features such as skin tone sensors and customizable intensity settings, making these devices safer and more effective for a wide range of skin types. Additionally, the development of compact and portable devices has facilitated the growing trend of DIY beauty treatments, further enhancing market growth. As consumers become increasingly tech-savvy, the demand for innovative products that deliver near-professional results at home is expected to escalate, contributing to the robust growth trajectory of this market.

The rising awareness about personal grooming and hygiene is also a crucial factor driving the market for consumer use light hair removal machines. As societal norms around beauty and grooming continue to evolve, there is a growing emphasis on maintaining a well-groomed appearance. This trend is particularly prominent among millennial consumers who are more inclined towards adopting new grooming products and technologies. Furthermore, the influence of social media has amplified this trend, as individuals seek to emulate the hair-free aesthetics often portrayed by influencers and celebrities. Consequently, the increasing societal acceptance of hair removal as a part of regular grooming routines is expected to bolster the demand for consumer use light hair removal machines.

Another significant factor contributing to market growth is the increasing disposable income and changing lifestyle patterns of consumers across the globe. As economies grow and incomes rise, consumers are becoming more willing to invest in personal care and grooming products that offer convenience and efficacy. The shift towards a more fast-paced lifestyle has fueled the demand for at-home beauty solutions, making consumer use light hair removal machines a popular choice among busy individuals. Furthermore, the availability of easy financing options and attractive discounts offered by online retailers has made these devices more accessible to a broader audience, further propelling market growth.

Regionally, the consumer use light hair removal machines market is experiencing varied growth trajectories. North America currently holds a significant share of the global market, attributed to the high adoption rate of advanced grooming technologies and the presence of a well-established beauty and personal care industry. The Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period, driven by increasing disposable incomes, expanding middle-class population, and growing awareness about personal grooming. European countries are also witnessing steady growth due to the rising trend of grooming among men and the increasing influence of social media. Meanwhile, the markets in Latin America and the Middle East & Africa are gradually gaining momentum as they expand their distribution networks and consumer awareness increases.

Product Type Analysis

The consumer use light hair removal machines market by product type is segmented into Intense Pulsed Light (IPL), laser, and others. The IPL segment is witnessing substantial growth due to its affordability and effectiveness in hair removal for various skin tones and hair types. IPL devices are popular among consumers because they offer a more permanent solution compared to traditional hair removal methods, such as shaving or waxing. They work by emitting multiple wavelengths of light that target the hair follicles, reducing hair growth over time. As technology advances, IPL devices have become more sophisticated, with features like skin tone sen

Vinyl Sticker Market Size And Forecast

Vinyl Sticker Market size was valued at USD 1.20 Billion in 2023 and is projected to reach USD 2.35 Billion by 2031, growing at a CAGR of 10.2% during the forecast period 2024-2031.

Global Vinyl Sticker Market Drivers

The market drivers for the Vinyl Sticker Market can be influenced by various factors. These may include:

Increasing Demand For Customization: The Vinyl Sticker Market is substantially driven by the rising consumer preference for personalized products. Individuals and businesses increasingly seek customized vinyl stickers for branding, decorating, and personal expression. The growing trend toward DIY projects and the expansion of the e-commerce sector enable consumers to easily order personalized designs. Customization enhances consumer satisfaction and engagement, leading to higher sales volumes.

According to Cognitive Market Research -"Global Cordless Power Tools market size 2023 was XX Million. The cordless Power Tools Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031."

Based on type the Cordless Power Tools market is divided into five segments: Drilling and Fastening Tools, Sawing and Cutting Tools, Demolition Tools, Material Removal Tools, Routing Tools, Other tools.The market leader in the world, drilling and fastening tools, is expected to grow at a compound annual growth rate (CAGR) of XX% during the course of the forecast period.
The inexpensive, battery-operated, single-speed-only brushed motor category held a dominant position in the global cordless power tool market in 2032. Their popularity is further aided by their straightforward design and capacity to function without an electronic motor circuit or needless speed regulation
12V, 18V, 20V, 40V, and 40V & above are the several battery segments that make up the global market for cordless power tools. The 12V cordless power tool market held the biggest share in 2022.
Based on end-users, the global cordless power tools market is divided into industrial, commercial, and residential end-users. The market's largest contributor, the industrial segment, is anticipated to grow at a compound annual growth rate (CAGR) of XX% during the projected period.
With a predicted CAGR of XX% throughout the course of the forecast period, North America is expected to hold the largest share of the worldwide cordless power tools market.

Market Dynamics

Key Drivers of Cordless Power Tools Market

Increase in DIY culture leading to increased adoption of cordless power tools

The majority of adults engage in creative and intentional leisure activities in certain developed economies in the US and Europe. Some customers may spend money on home maintenance and repairs, depending on their hobbies. DIY projects are popular hobbies among consumers in France, Germany, Italy, and the UK. South Africa, Brazil, and India are among the developing economies where the idea is gaining traction. Furthermore, homeowners frequently engage in skill-building and improvement projects that are both economical and beneficial. Additionally, DIY projects are offered by hypermarkets, supermarkets, and other specialist retailers like Home Depot, which propels the DIY tool market and ultimately increases demand for cordless power tools. As per the 2023 Global Do-It-Yourself Summit, the way people shop has drastically changed throughout the past two years. E-commerce has grown significantly in the last several years, particularly as millennials and Gen Z enter their prime spending years. Additionally, the COVID-19 pandemic sped up the growth of this retail channel, and although foot traffic to physical stores is increasing, the e-commerce channel has taken on new significance. The DIY and home renovation industries are also being digitalized. Though they have been less affected than other industries, like the fashion industry, do-it-yourself and home improvement also face a digital future

The growth of the construction industry leads to higher demand of power tools favouring the market growth

The construction sector grows as a result of increased construction activity worldwide. The demand for advanced infrastructure development is being driven by several factors, including the growing population in both established and emerging nations, fast urbanization, and an increase in the number of residential and commercial construction projects. In the construction business, hand and power tools are essential for job performance, according to LibreText Workforce.org. Workers who use power and hand tools must be trained in the safe use of each tool they are required to use because they are exposed to hazards. They also need to be instructed on how to take the appropriate safety measures and to recognize the risks that are involved. For instance, according to the Associated General Contractors (AGC) of America, Inc., construction is a major contributor to the U.S. economy. There were more than 919,000 construction establishments in the U.S. in the first quarter of 2023. In addition, as per the Invest India report, the construction industry in India is expected to reach $1.4 Trillion by 2025. Projects about the construction of roads, railroads, airports, electricity, utilities, and residential and commer...

This statistic shows a ranking of the estimated real total consumer spending on furnishings, household equipment and routine maintenance of the house in 2020 in Latin America and the Caribbean, differentiated by country. Consumer spending here refers to the domestic demand of private households and non-profit institutions serving households (NPISHs) in the selected region. Spending by corporations or the state is not included. Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.The shown forecast is adjusted for the expected impact of the COVID-19 pandemic on the local economy. The impact has been estimated by considering both direct (e.g. because of restrictions on personal movement) and indirect (e.g. because of weakened purchasing power) effects. The impact assessment is subject to periodic review as more data becomes available.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

The Self-Storage and Moving Services market is experiencing robust growth, projected to reach $103.80 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 9.3% from 2025 to 2033. This expansion is driven by several key factors. Increasing urbanization and population density lead to smaller living spaces, fueling the demand for self-storage solutions. The rise of e-commerce and the growth of the gig economy contribute to increased mobility, creating a greater need for moving services. Furthermore, the increasing prevalence of climate-controlled storage units caters to specific storage requirements for sensitive goods, driving market segmentation. The industry benefits from a diverse range of service offerings, including climate-controlled and non-climate-controlled self-storage, full-service moving, DIY moving truck rentals, and specialized services catering to both residential and commercial clients. This breadth of services allows the market to attract a large and diverse customer base across various demographic groups. Competition within the self-storage and moving services market is fierce, with established players like Public Storage, Extra Space Storage, and U-Haul International competing against smaller, regional companies and innovative startups focusing on niche services or technological advancements in logistics and booking platforms. The market's geographical distribution is broad, with North America currently holding the largest market share, followed by Europe and APAC. However, emerging economies in APAC and other regions present significant growth opportunities. Industry challenges include fluctuating real estate prices influencing storage facility costs, economic downturns affecting consumer spending on moving and storage, and the increasing need for advanced technology integration to enhance operational efficiency and customer experience. Successful companies will need to focus on effective cost management, strategic expansion into new markets, and leveraging technology to improve services and customer engagement.