The UK home improvement market size reached USD 14.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.6 Billion by 2033, exhibiting a growth rate (CAGR) of 4.3% during 2025-2033. The market is propelled by the rising demand for energy-efficient homes, increased focus on home aesthetics and interior design, growing adoption of smart home technology, and a rise in DIY projects and home renovation during the pandemic.

Between 2024 and 2025, in the United Kingdom (UK) the top features replaced or added during kitchen upgrades were worktops and sinks. According to a survey conducted with UK homeowners, a further 91 percent upgraded their kitchen cabinets as well.

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.

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Europe DIY Home Improvement Market Size 2025-2029

The Europe diy home improvement market size is forecast to increase by USD 32.9 billion at a CAGR of 3.2% between 2024 and 2029.

The European DIY home improvement market is experiencing significant growth, fueled by a rising trend towards DIY projects and advancements in technology. Homeowners increasingly seek to personalize their living spaces and save on labor costs, driving demand for DIY home improvement tools and materials. Technological innovations, such as smart home systems and advanced DIY tools, offer convenience and precision, further boosting market growth. However, the market faces challenges that require strategic navigation. Regulatory hurdles impact adoption, as stringent safety and environmental regulations necessitate compliance.
Supply chain inconsistencies temper growth potential, as suppliers struggle to keep up with demand and maintain consistent product availability. The increasing threat from the DIFM (Do-It-For-Me) industry, which offers professional home improvement services, also poses a significant challenge. Companies must differentiate themselves by offering competitive pricing, high-quality products, and exceptional customer service to capitalize on market opportunities and navigate challenges effectively.

What will be the size of the Europe DIY Home Improvement Market during the forecast period?

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Understanding the European DIY Home Improvement Market: Trends and Dynamics The European DIY home improvement market is experiencing significant growth, driven by product innovation and consumer demand for smart home solutions. Online design consultations and virtual home tours are increasingly popular, allowing customers to plan projects remotely. Home energy monitoring and voice control systems enable homeowners to manage energy usage and security from anywhere. Green building practices and sustainable materials, such as recycled materials, are gaining traction, aligning with European regulations and consumer preferences. Building codes and safety regulations continue to evolve, emphasizing home safety and compliance.
DIY workshops and online courses offer customers the opportunity to learn new skills and tackle projects themselves, while retail stores and installation services cater to those who prefer professional assistance. Power Tools and building materials are essential components of these projects, with energy-efficient appliances and construction software streamlining the process. Home improvement blogs, virtual design tools, and home valuation apps provide valuable resources for customers, while home improvement influencers share tips and inspiration. Home staging tips, property assessment, and DIY insurance services further support homeowners in enhancing their living spaces. Solar panels and home security systems are popular investments for energy efficiency and safety, with 3D virtual tours offering a more immersive shopping experience.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Lumber and landscape management
  Decor and indoor garden
  Painting and wallpaper
  Others


Distribution Channel

  Offline
  Online


Product Category

  Tools
  Hardware
  Flooring
  Plumbing


End-User

  Homeowners
  Renters
  DIY Enthusiasts


Project Type

  Renovation
  Repair
  Decoration


Geography

  Europe

    France
    Germany
    Italy
    UK

By Product Insights

The lumber and landscape management segment is estimated to witness significant growth during the forecast period.

The market is characterized by the active participation of DIY enthusiasts, who engage in various projects to enhance their living spaces. smart home technology integration is a significant trend, enabling home automation and energy efficiency. Home Renovation projects, such as bathroom and kitchen renovations, are popular, with social media marketing playing a crucial role in project inspiration and idea sharing. Warranty programs and home improvement advice offer peace of mind and expertise to DIYers. Sustainable building practices and skilled tradespeople ensure the execution of eco-friendly and high-quality projects. Home improvement centers provide access to a wide range of building materials, tools, and installation services.

Product innovation and project planning tools, including online shopping, 3D modeling, and augmented reality, streamline the DIY process. Online tutorials, customer feedback, and material sourcing platforms facilitate seamless project execution. Home safety, Home Decor, and home maintenance are essential aspects of DIY home improvement. DIY communities and digital marketing channe

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.

According to Cognitive Market Research, the global DIY Home Improvement market size will be USD 861425.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 344570.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 258427.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 198127.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 43071.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 17228.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The tools and equipment segment category is the fastest growing segment of the DIY Home Improvement industry

Market Dynamics of DIY Home Improvement Market

Key Drivers for DIY Home Improvement Market

The popularity of home improvement TV shows inspires DIY projects: Home improvement TV shows have significantly influenced consumer behavior by showcasing the transformative power of DIY projects. Programs that feature renovations, design makeovers, and step-by-step tutorials engage viewers and provide them with practical ideas for their own homes. These shows often highlight achievable projects, making DIY more accessible to a broader audience, including those who may lack prior experience. The charisma of hosts and the dramatic transformations presented on-screen inspire viewers to take on similar challenges, fostering a DIY culture. Additionally, the sense of community generated by these shows encourages social media sharing of personal projects, further motivating individuals to embark on their own DIY journeys, ultimately driving demand for tools, materials, and home improvement products. For instance, B&Q, a leading home improvement retailer in the UK, has launched a new online marketplace aimed at significantly enhancing its e-commerce offerings. This initiative will add approximately 100,000 products from third-party sellers within six months, expanding its current inventory to over 140,000 items. The marketplace is a partnership with Mirakl, a prominent marketplace SaaS provider. This move is designed to meet the growing consumer demand for more choices and convenience in online shopping, integrating both online and in-store services such as Click & Collect?

Increased time spent at home post-pandemic fuels DIY activities and renovations: The COVID-19 pandemic has fundamentally altered lifestyles, leading to a surge in DIY activities and home renovations as people spend more time at home. With remote work becoming commonplace, individuals have begun to see their living spaces in a new light, identifying areas that require improvement or personalization. This increased focus on home environments has led to a heightened interest in DIY projects, as homeowners seek to enhance comfort and functionality. Additionally, the limitations on travel and leisure activities have redirected consumer spending towards home improvement rather than entertainment. As a result, there has been a notable uptick in demand for DIY products, tools, and materials, as homeowners invest time and resources into creating spaces that reflect their personal styles and needs.

Restraint Factor for the DIY Home Improvement Market

Economic downturns can reduce consumer spending on non-essential home improvements: Economic downturns can significantly impact consumer behavior, leading to reduced spending on non-essential home improvements. During periods of financial uncertainty, individuals often prioritize essential expenses such as housing, food, and healthcare, resulting in a tighter budget for discretionary spending. Home improvement projects, which may be seen as non-essential, often get postponed or eliminated altogether in favor of more pressing financial obligations. Consumers may become more risk-averse, opting for repairs and main...

Market Size statistics on the Hardware & Home Improvement Stores industry in United Kingdom

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Home Renovation Market Size 2025-2029

The home renovation market size is forecast to increase by USD 83 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the global trend of rapid urbanization and the increasing focus on enhancing living spaces through technology. One of the most notable trends shaping this market is the adoption of Artificial Intelligence (AI) in home improvement projects. This technological advancement offers numerous benefits, including energy efficiency, personalized living experiences, and improved home security. However, the market faces a major challenge In the form of a shortage of skilled labor, which can lead to project delays and increased costs for homeowners. To capitalize on this market opportunity, companies must focus on innovative solutions that address the labor shortage, such as pre-fabricated renovation kits or partnerships with local training programs. This market continues to experience steady growth, driven by the desire for modern living standards, improved environmental performance, and the integration of smart home technologies.
Additionally, investing in AI-powered tools and services can provide a competitive edge, enabling companies to offer more efficient and personalized renovation services to meet the evolving demands of consumers. Overall, the market presents a promising landscape for growth, with opportunities for companies that can effectively navigate the challenges and leverage technological advancements to meet the needs of the urbanizing population.

What will be the Size of the Home Renovation Market during the forecast period?

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The residential remodeling market encompasses various activities repairing broken structures, and weather sealing. Sustainable trends, such as the use of green remodeling products and sustainable building materials, are gaining traction as consumers become increasingly environmentally aware and conscious of their carbon footprints. New trends In the market include the adoption of 3D rendering software for virtual home design, structural glazing for enhanced temperature control, and the integration of solar panels for energy efficiency.
Economic slowdowns and reduced disposable income have led to project budgets being carefully considered, resulting in increased focus on labor costs and supply chain disruptions. Old buildings are being repurposed and renovated, with a focus on preserving their historical character while incorporating modern amenities. New flooring, lighting systems, insulating glass, and electrical & insulation upgrades are popular choices for homeowners seeking to enhance their living spaces. Government incentives and homeowner budgets are also driving the market, with a particular emphasis on energy-efficient windows and green buildings. Despite these trends, the market faces challenges, including labor shortages and rising material costs, which can impact construction expenditure.
The novel coronavirus pandemic has also disrupted the supply chain, leading to delays and increased costs for many projects. Overall, the residential remodeling market is expected to continue growing, driven by a combination of consumer demand and government incentives, as well as advancements in technology and sustainable building materials.

How is this Home Renovation Industry segmented?

The home renovation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Professional renovation
  Do-It-Yourself (DIY) renovation


Application

  Kitchen renovation
  Bathroom renovation
  Exterior renovation
  Bedroom renovation
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

By Type Insights

The professional renovation segment is estimated to witness significant growth during the forecast period.

Professional home renovation services offer homeowners customized solutions for complex projects, ensuring high-quality results that meet specific aesthetic and functional requirements. These services encompass a range of tasks, from structural changes to intricate design solutions, executed with precision and care. Key features include specialized skills, custom design solutions, time efficiency, and regulatory compliance. Professionals manage tasks such as HVAC upgrades, electrical rewiring, plumbing system improvements, and energy efficiency upgrades using sustainable materials and modern home design trends. Safety enhancements and smart home technology installations are also common, along with home renovation inspiration and remodel

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Do-It-Yourself (DIY) Home Improvement Retailing Market Size 2025-2029

The do-it-yourself (diy) home improvement retailing market size is forecast to increase by USD 244.1 billion, at a CAGR of 5.2% between 2024 and 2029.

The DIY home improvement retailing market is experiencing significant shifts driven by evolving consumer behaviors and technological advancements. A growing trend towards personalized interior designing has led to an increase in DIY home improvement projects, as consumers seek to express their unique styles and save on costs. This trend is further fueled by the uptake of augmented reality (AR) applications, enabling users to visualize home improvement projects before implementation, thereby enhancing the DIY experience. However, this market also faces challenges. The shift from DIY to Do-It-For-Me (DIFM) culture is gaining momentum, as consumers increasingly prefer professional services for complex projects. This trend poses a threat to DIY retailers, requiring them to adapt by offering value-added services and expertise to remain competitive. Additionally, the market is witnessing a fragmented competitive landscape, with numerous players vying for market share. To succeed, retailers must focus on differentiating their offerings, leveraging technology, and delivering exceptional customer experiences.

What will be the Size of the Do-It-Yourself (DIY) Home Improvement Retailing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe DIY home improvement retailing market continues to evolve, driven by consumer demand for affordable and customizable home solutions. This sector encompasses a wide range of applications, from plumbing fixtures and landscape design to HVAC systems, safety equipment, home decor, and more. Retailers employ various strategies to meet these demands, including project planning tools and e-commerce platforms for seamless inventory management and customer service. Online tutorials and instruction manuals offer DIY enthusiasts guidance on home improvement projects, while social media marketing and email campaigns engage customers and build brand loyalty. Store layouts are optimized to showcase product displays, from hand tools and power tools to kitchen cabinets and bathroom vanities. Retailers also focus on material selection and repair guides, ensuring customers have access to the right supplies for their projects. Digital marketing efforts extend to exterior design, with roofing materials and circuit breakers marketed alongside HVAC systems and electrical wiring. The ongoing evolution of this market is reflected in the integration of POS systems, enabling real-time inventory tracking and customer interaction. As DIY home improvement projects continue to gain popularity, the sector remains dynamic and responsive to changing consumer needs and preferences.

How is this Do-It-Yourself (DIY) Home Improvement Retailing Industry segmented?

The do-it-yourself (diy) home improvement retailing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductLumber and landscape managementTools and hardwareDecor and indoor gardenKitchenOthersDistribution ChannelOfflineOnlineApplicationHome ImprovementCraftsEnd-UserHomeownersDIY EnthusiastsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalySpainUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Product Insights

The lumber and landscape management segment is estimated to witness significant growth during the forecast period.The DIY home improvement retailing market experiences significant growth, particularly in the lumber and landscape management segment. This segment's expansion is driven by the increasing popularity of wooden furnishings and landscaping projects, including tree cutting for creative uses, door installation, bricklaying, and lawn maintenance. Online retailers and home improvement stores offer a wide range of resources to support DIY enthusiasts, such as instruction manuals, repair guides, and online tutorials. E-commerce platforms and inventory management systems facilitate seamless shopping experiences, while social media marketing and email campaigns reach potential customers effectively. Project planning tools and leveling equipment ensure accurate execution of DIY projects, from home improvement tasks to exterior design and kitchen cabinet installations. Safety equipment and repair guides are essential for handling power tools and electrical wiring safely. HVAC systems and plumbing fixtures require professional installation in some cases, but DIYers can still select materials and

The retail sale of furniture, lighting, and household articles in household goods stores in Great Britain increased by 1.4 percent in 2023 compared to the previous year. In that same year, furniture, lighting, and similar household furnishing stores in Great Britain reached a sales value index of 112.5.

Hardware and home improvement stores’ revenue is forecast to rise at a compound annual rate of 1.4% over the five years through 2024 to reach €155.8 billion. Private spending on home renovation and maintenance, construction activity, environmental awareness and the number of households each play their part in determining sales. The EU and the UK enjoyed a housing market boom prior to 2023, when soaring mortgage rates deterred many from buying a new house. While demand for outfitting new houses is down, more Europeans are turning to repair, maintenance and renovation work on their existing properties, helping to raise sales of hardware and home improvement products. This trend accelerated during the COVID-19 pandemic, as people confined to their homes looked to refresh their surroundings and found themselves with more time to dedicate to DIY projects. Hardware and home improvement stores were deemed by many governments as essential businesses, allowing them to remain open during the lockdowns. In 2024, revenue growth is expected to be constrained by the cost-of-living crisis. Shoppers are increasingly price-sensitive and many are thinking twice before spending in response to intense inflationary pressures, cutting sales for many hardware and home improvement stores. Price inflation is expected to outweigh falling sales volumes, leading to revenue growth of 1% in 2024. Over the five years through 2029, hardware and home improvement stores’ revenue is slated to climb at a compound annual rate of 1.5% to reach €168 billion. Ever-growing levels of environmental awareness among Europeans will drive strong demand for sustainably sourced and energy-efficient products, like reclaimed wood and lithium-ion battery-powered hand tools. Competition from online-only retailers will continue to heat up, forcing hardware and home improvement stores to expand their in-store offerings to attract customers – augmented reality stations where shoppers can visualise their new products in their homes are one way retailers can try to do this.

United Kingdom Home Services Market size was valued at USD 9.57 Billion in 2024 and is projected to reach USD 17.69 Billion by 2031, growing at a CAGR of 8.80% during the forecasted period 2024 to 2031.

The United Kingdom Home Services Market is driven by a growing demand for convenience and specialized services, as busy lifestyles and aging populations prompt more homeowners to seek professional assistance for tasks such as cleaning, plumbing, electrical work, and landscaping. The increased adoption of online platforms and mobile applications has made it easier for consumers to connect with trusted service providers, fueling market growth. Rising disposable incomes and greater awareness of home improvement and maintenance benefits contribute to demand, while a focus on energy efficiency and sustainable home solutions adds further momentum. Additionally, the COVID-19 pandemic shifted preferences toward contactless and safe home service options, accelerating the use of digital platforms in the sector.

Hardware and home improvement stores’ revenue is forecast to rise at a compound annual rate of 1.4% over the five years through 2024 to reach €155.8 billion. Private spending on home renovation and maintenance, construction activity, environmental awareness and the number of households each play their part in determining sales. The EU and the UK enjoyed a housing market boom prior to 2023, when soaring mortgage rates deterred many from buying a new house. While demand for outfitting new houses is down, more Europeans are turning to repair, maintenance and renovation work on their existing properties, helping to raise sales of hardware and home improvement products. This trend accelerated during the COVID-19 pandemic, as people confined to their homes looked to refresh their surroundings and found themselves with more time to dedicate to DIY projects. Hardware and home improvement stores were deemed by many governments as essential businesses, allowing them to remain open during the lockdowns. In 2024, revenue growth is expected to be constrained by the cost-of-living crisis. Shoppers are increasingly price-sensitive and many are thinking twice before spending in response to intense inflationary pressures, cutting sales for many hardware and home improvement stores. Price inflation is expected to outweigh falling sales volumes, leading to revenue growth of 1% in 2024. Over the five years through 2029, hardware and home improvement stores’ revenue is slated to climb at a compound annual rate of 1.5% to reach €168 billion. Ever-growing levels of environmental awareness among Europeans will drive strong demand for sustainably sourced and energy-efficient products, like reclaimed wood and lithium-ion battery-powered hand tools. Competition from online-only retailers will continue to heat up, forcing hardware and home improvement stores to expand their in-store offerings to attract customers – augmented reality stations where shoppers can visualise their new products in their homes are one way retailers can try to do this.

The United Kingdom hardware stores retail market, valued at £21.43 billion in 2025, is projected to experience robust growth, driven by a rising home improvement and renovation sector fueled by increasing disposable incomes and a preference for home-based lifestyles. The market's 5.01% Compound Annual Growth Rate (CAGR) from 2025 to 2033 indicates a significant expansion over the forecast period. Key drivers include a growing DIY culture, increasing urbanization leading to smaller living spaces requiring efficient storage solutions, and government initiatives promoting energy-efficient home improvements. The market segmentation reveals a strong presence of both online and offline channels, with online retail experiencing accelerated growth driven by convenience and wider product selection. While offline stores continue to dominate due to their ability to offer immediate product availability and personalized service, the shift toward online platforms is expected to continue. Competition among established players like Kingfisher PLC, Travis Perkins PLC, and Homebase is intense, with smaller independent hardware stores specializing in niche products or local services maintaining a significant market share. Continued growth is anticipated to be influenced by several factors. The increasing adoption of sustainable building materials and eco-friendly hardware is creating new market opportunities. Furthermore, technological advancements, such as the integration of smart home technology within hardware products, are expected to boost market appeal and propel sales. However, challenges such as fluctuating material costs, economic uncertainty, and supply chain disruptions could pose potential restraints on market expansion. The continued evolution of customer preferences and the growing influence of e-commerce necessitates strategic adaptations from businesses to maintain a competitive edge. Market players are increasingly focusing on personalized customer service, omnichannel strategies, and innovative product offerings to meet evolving consumer demands. Recent developments include: In December 2023, Kingfisher, the global home improvement retailer, expanded its collaboration with CitrusAd to introduce retail media opportunities for third-party brands across its banners, beginning with B&Q., In October 2023, Travis Perkins PLC, the UK's leading distributor of building materials, revealed a new five-year fleet management partnership with Zenith's Commercial Division for the Group's 3000+ assets.. Key drivers for this market are: Increased Focus on DIY, Growing Trend of Home Improvement and Renovation Projects. Potential restraints include: Increased Focus on DIY, Growing Trend of Home Improvement and Renovation Projects. Notable trends are: The Growing Emphasis on DIY Projects is Boosting the Demand for the Hardware Retail Market.

Snapshot img { margin: 10px !important; } Below are some of the key findings from this do-it-yourself home improvement retailing market analysis report

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Do-it-yourself home improvement retailing market in Europe: Industry overview

The growth of the residential real estate industry is one of the critical reasons that will drive do-it-yourself home improvement retailing market growth in Europe. The increase in spending capability of the population has resulted in a rise in construction activities of residential buildings and societies. European countries such as Germany, the UK, France, Finland, Italy, Switzerland, Austria, Denmark, the Netherlands, Ireland, and Sweden are leading in terms of housing construction because of the rising population. Growth in the DIY home improvement market, the availability of low-interest rates, and the rebound of residential housing has led to an increase in home improvement operations. Additionally, the growing focus on saving costs also drives the sale of DIY home improvement products.

This increase in the sale has encouraged the introduction of technological advances in DIY home improvement projects tools. Key competitors are trying to include innovation and product assortment and are focusing on improvising product differentiation factors. The advent of AR has enabled them to provide a virtual preview of different DIY products. Moreover, companies also offer an enhanced in-store map and enable price comparison features. Such factors will DIY home improvement retailing market growth in Europe at a CAGR of over 2% during the forecast period.

Top DIY home improvement retailing companies covered in this market research report

The do-it-yourself home improvement retailing market in Europe is moderately fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this DIY home improvement retailing market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a complete analysis of various companies including:

ADEO
BAUHAUS
HORNBACH Baumarkt AG
K-GROUP
Kingfisher plc
Travis Perkins

Segmentation of the DIY home improvement retailing market in Europe based on geographic regions

France
Germany
Italy
The UK
Rest of Europe (ROE)

Germany will account for the largest DIY home improvement retailing market share in Europe throughout the forecast period. The availability of good shipment facilities and the adoption of effective advertising campaigns are major reasons for the high growth of the DIY home improvement retailing market in this region.

Segmentation of the DIY home improvement retailing market in Europe based on product

Lumber and landscape management
Décor and indoor garden
Kitchen
Painting and wallpaper
Tools and hardware
Building materials
Lighting
Plumbing materials and equipment
Flooring, repair, and replacement
Electrical work

The lumber and landscape management market segment includes brickwork, landscape management, and doors, windows fencing, and walkways and will account for the highest DIY home improvement retailing market share in Europe during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the DIY home improvement retailing market size in Europe.

Key highlights of the DIY home improvement retailing market in Europe for the forecast years 2019-2023:

CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the DIY home improvement retailing market in Europe during the next five years
Precise estimation of the DIY home improvement retailing market size in Europe and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the do-it-yourself home improvement retailing industry in Europe across various geographies such as France, Germany, Italy, the UK, and Rest of Europe (ROE)
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on factors that will challenge the growth of do-it-yourself home improvement retailing companies in Europe 

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

Hardware and home improvement stores’ revenue is forecast to rise at a compound annual rate of 1.4% over the five years through 2024 to reach €155.8 billion. Private spending on home renovation and maintenance, construction activity, environmental awareness and the number of households each play their part in determining sales. The EU and the UK enjoyed a housing market boom prior to 2023, when soaring mortgage rates deterred many from buying a new house. While demand for outfitting new houses is down, more Europeans are turning to repair, maintenance and renovation work on their existing properties, helping to raise sales of hardware and home improvement products. This trend accelerated during the COVID-19 pandemic, as people confined to their homes looked to refresh their surroundings and found themselves with more time to dedicate to DIY projects. Hardware and home improvement stores were deemed by many governments as essential businesses, allowing them to remain open during the lockdowns. In 2024, revenue growth is expected to be constrained by the cost-of-living crisis. Shoppers are increasingly price-sensitive and many are thinking twice before spending in response to intense inflationary pressures, cutting sales for many hardware and home improvement stores. Price inflation is expected to outweigh falling sales volumes, leading to revenue growth of 1% in 2024. Over the five years through 2029, hardware and home improvement stores’ revenue is slated to climb at a compound annual rate of 1.5% to reach €168 billion. Ever-growing levels of environmental awareness among Europeans will drive strong demand for sustainably sourced and energy-efficient products, like reclaimed wood and lithium-ion battery-powered hand tools. Competition from online-only retailers will continue to heat up, forcing hardware and home improvement stores to expand their in-store offerings to attract customers – augmented reality stations where shoppers can visualise their new products in their homes are one way retailers can try to do this.

Base Year 2023 Forecast Period 2024-2028 Market Growth X.XX%*

The United Kingdom's hardware stores retail market is projected to experience steady growth over the next decade, driven by factors such as rising homeownership rates, increasing urban living, and growing demand for home improvement projects. The market is expected to reach a value of £21.43 million by 2033, expanding at a CAGR of 5.01% from 2025 to 2033. Key trends shaping the market include the increasing adoption of online shopping, the growing popularity of home renovation shows, and the rising awareness of sustainability. The online distribution channel is expected to witness significant growth due to its convenience and wide product selection. Furthermore, the increasing presence of home improvement shows on television and social media is inspiring homeowners to undertake more DIY projects, driving demand for hardware supplies. Additionally, the growing focus on sustainability is leading to increased demand for eco-friendly hardware products. The market is dominated by large retailers such as Kingfisher PLC, Home Hardware (Scotland) Ltd, and Travis Perkins PLC, but it also includes a significant number of independent stores. Recent developments include: In December 2023, Kingfisher, the global home improvement retailer, expanded its collaboration with CitrusAd to introduce retail media opportunities for third-party brands across its banners, beginning with B&Q., In October 2023, Travis Perkins PLC, the UK's leading distributor of building materials, revealed a new five-year fleet management partnership with Zenith's Commercial Division for the Group's 3000+ assets.. Key drivers for this market are: Increased Focus on DIY, Growing Trend of Home Improvement and Renovation Projects. Potential restraints include: Increased Focus on DIY, Growing Trend of Home Improvement and Renovation Projects. Notable trends are: The Growing Emphasis on DIY Projects is Boosting the Demand for the Hardware Retail Market.

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UK Hand Tools Market Size 2024-2028

The UK hand tools market size is forecast to increase by USD 328.6 million at a CAGR of 5.78% between 2023 and 2028.

The Hand Tools Market in the UK is experiencing significant growth, driven by the increasing popularity of DIY activities among consumers. This trend is particularly prominent among younger generations, who are more likely to engage in home improvement projects and enjoy working with tools. Another key driver for the market is the introduction of ergonomically designed hand tools, which offer improved comfort and efficiency, making them a preferred choice for both professional tradespeople and enthusiastic DIYers. However, the market is not without challenges. Fluctuating raw material prices pose a significant threat to market growth, as suppliers struggle to maintain profitability in the face of price volatility.
Additionally, the market is becoming increasingly competitive, with a growing number of players entering the market and intensifying competition. To capitalize on market opportunities and navigate these challenges effectively, companies must focus on innovation, quality, and customer service. By offering unique product features, competitive pricing, and excellent customer support, they can differentiate themselves from competitors and build strong customer loyalty.

What will be the size of the UK Hand Tools Market during the forecast period?

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The hand tool market in the US is witnessing significant advancements driven by various factors. Tool efficiency is a key focus area, with robotics in manufacturing playing an integral role in enhancing productivity. Hand tool accessories, tool identification, and tool storage solutions are gaining traction, catering to the evolving needs of manufacturers. Quality control systems and tool suppliers ensure the delivery of high-quality tools, while tool rental services offer flexibility to businesses. Aerospace manufacturing, construction, and automotive industries are major consumers of hand tools. Ergonomic hand tools and manufacturing software are essential in improving manufacturing procedures.
DIY tools and tool customization are popular trends in the consumer segment. Online tool marketplaces and precision tools enable seamless purchasing and usage, respectively. Tool automation, additive manufacturing, and industrial automation are transforming the industrial tool market. Tool maintenance tips, tool materials, and industrial training are crucial for effective tool usage and longevity. Sustainable tool manufacturing and manufacturing technology are essential aspects of Industry 4.0, shaping the future of tools. Tool distributors cater to various sectors, including construction, woodworking, and metal fabrication services. The industrial tool market is witnessing growth due to the increasing demand for custom machine shops and electronics hand tools.
Supply chain management and tool buying guides are essential resources for businesses to optimize their tool procurement processes.

How is this market segmented?

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.

Application

  General-purpose
  Metal cutting
  Others


End-user

  Industrial
  Household


Geography

  UK

By Application Insights

The general-purpose segment is estimated to witness significant growth during the forecast period.

Hand tools, such as hammers, screwdrivers, wrenches, pliers, and mallets, are essential instruments used across various industries for diverse applications. Hammers are employed for driving, shaping, and breaking objects, while screwdrivers facilitate the turning of different types of screws, including slotted-head and cross-shaped ones. Wrenches provide torque support for turning nuts and bolts, pliers enable gripping, twisting, and cutting, and mallets are used for soft striking and positive object drive. These tools play a significant role in construction activities, automotive, electrical, electronics, and residential sectors. Residential applications include plumbing, carpeting, electric works, and home improvement projects. Industrial manufacturing clusters utilize hand tools in precision engineering, metalworking facilities, shipbuilding, and heat treatment units.

The automotive industry relies on hand tools for manufacturing components, assembly, and maintenance. The expanding infrastructure sector, including CNC-operated machines and VMC machines, requires hand tools for installation, accuracy, and precision. Technicians and professionals in the aerospace, manufacturing, and construction industries use hand tools for building and installing complex components. Hand tools undergo continuous technological advancements, offering mult

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period