100+ datasets found
  1. Home Improvement Stores in the US - Market Research Report (2015-2030)

    • ibisworld.com
    Updated May 15, 2025
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    IBISWorld (2025). Home Improvement Stores in the US - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-states/market-research-reports/home-improvement-stores-industry/
    Explore at:
    Dataset updated
    May 15, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    United States
    Description

    Home improvement stores form a mature industry dominated by two major companies, Home Depot and Lowe's. Both companies share similar product lines, which fuels high levels of price competition. Home improvement stores serve various markets, including do-it-for-me (DIFM), do-it-yourself (DIY) and professional customers. The most prominent influence on the performance of stores is activity in the residential market. Starting in 2021, spikes in inflation have cut consumers' spending power, while rising interest rates have constrained residential construction spending. While inflation has been tempered, the recent tariff announcements by the Trump administration remain a threat to product prices. Revenue for home improvement stores is expected to swell at a CAGR of 1.7% to $292.8 billion through the end of 2025, including growth of 1.9% in 2025 alone. The residential market boomed in 2020 as consumers stayed inside, resulting in more consumers with time to spend looking at new homes. Sales of home appliances, lumber, tools, hardware and lawn equipment were boosted. However, mounting inflationary pressure in 2022 led the Federal Reserve to raise interest rates. Since home improvement stores are tied to residential sector growth, rising interest rates cut housing sales that year, leading to faltering revenue. Since the pandemic, exploding e-commerce sales have been a boon for the industry. Home improvement stores will continue to improve their online platforms to strengthen sales in the coming years. Growing economic uncertainty has lifted sales of DIY products while limiting profit growth. Moving forward, interest rates are expected to drop, benefiting home improvement stores. Tariffs could result in higher interest rates, potentially upending the industry. Still, consumer spending power will remain relatively low, suppressing residential activity. Although residential activity is expected to slow, rising disposable income will boost spending on appliances and gardening equipment. There will be a trend of consumers opting for smaller appliances and upgrades rather than making significant investments in new construction or renovations. Home improvement store revenue is expected to climb at a CAGR of 2.1% to $325.3 billion through the end of 2030. The growing efficiency of online operations will cause profit to swell.

  2. Retail Trade in the US - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Apr 15, 2025
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    IBISWorld (2025). Retail Trade in the US - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-states/market-research-reports/retail-trade-industry/
    Explore at:
    Dataset updated
    Apr 15, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    United States
    Description

    The rapid ascent of e-commerce and omnichannel strategies is reshaping consumer engagement and purchasing patterns, driving a wave of transformation across the retail trade sector. As of 2025, the sector is expected to log $7.4 trillion in revenue, although its growth is anticipated to decelerate slightly to 0.4% in the current year. Gen Z and millennials have championed the digital shopping revolution, pushing retailers to prioritize online sales and customer engagement platforms. However, brick-and-mortar stores retain a pivotal role in supporting ongoing customer engagement alongside the online momentum as retailers blend physical and digital experiences. As automation has augmented efficiency across operations, retailers have also strategically diversified product lines and incorporated sustainability into their brands to meet changing consumer expectations. Over the past five years, the retail sector has seen a compound annual growth rate of 2.2%, which underscores the impact of diversified strategies in maintaining momentum. The adoption of automation has produced mixed results. Self-checkout systems, for example, have reduced payroll expenses for businesses while streamlining the customer experience, though several studies have reported that some customer segments dislike self-checkout due to technological glitches and some retailers have struggled with implementation and reported a rise in theft. Major chains like Target have honed their product diversification strategies, transforming their stores into one-stop shops that blend essential goods with discretionary items and healthcare, driving up revenue in multiple categories. Sustainability is another theme of the current period, with the sector’s commitment marked by increased budgets for eco-friendly practices and a growing market for pre-owned goods. Despite high inflation during the period giving way to high interest rates that stayed stagnant for a year before beginning to fall again in September 2024, retailers managed to navigate the challenges of economic fluctuations and keep consumer interest high through diversification. A projected compound annual growth rate of 0.9% for the next five years would set revenue on a steady path toward an expected $7.7 trillion through the end of 2030. Artificial intelligence is set to further revolutionize retail operations, enhancing stock management, logistics and consumer personalization. Augmented and virtual reality technologies will prove integral to engaging the tech-savvy younger generations by offering novel ways to interact with products before purchase. However, global trade tensions and tariffs could challenge profitability as retailers manage higher import costs. Reverse logistics will thrive as consumers’ eco-consciousness continues to grow, turning returns into revenue opportunities and aligning with trends toward sustainable consumption. The sector’s profit is expected to remain steady over the next five years, bolstered by consumers’ willingness to trade up to items that mix luxury and affordability.

  3. H

    Home Improvement Retail Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Dec 23, 2024
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    Data Insights Market (2024). Home Improvement Retail Report [Dataset]. https://www.datainsightsmarket.com/reports/home-improvement-retail-1410846
    Explore at:
    doc, ppt, pdfAvailable download formats
    Dataset updated
    Dec 23, 2024
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The global home improvement retail market is expected to reach a value of USD 1,290.8 billion by 2033, exhibiting a CAGR of 6.1% during the forecast period of 2025-2033. The expansion of the market can be attributed to the rising demand for home improvement projects fueled by growing disposable income, increased homeownership rates, and a shift towards do-it-yourself (DIY) projects. Additionally, the increasing popularity of smart home devices and systems is anticipated to drive market growth as consumers seek to enhance the functionality and convenience of their homes. Key trends shaping the home improvement retail market include the emergence of e-commerce, the growing popularity of sustainable and eco-friendly products, and the adoption of innovative technologies such as artificial intelligence (AI) and augmented reality (AR). The shift towards online retail has enabled consumers to easily access a wider selection of products and compare prices, while the adoption of AI and AR is enhancing the customer experience by providing personalized recommendations, virtual tours, and interactive product demos. These trends are expected to continue to drive market growth over the coming years, as consumers increasingly seek convenient, personalized, and sustainable home improvement solutions. The home improvement retail market is a large and growing industry, with a global market size of $663.3 billion in 2019. The market is expected to grow to $940.3 billion by 2027, at a compound annual growth rate (CAGR) of 4.7%. The growth of the home improvement retail market is being driven by a number of factors, including:

    The increasing popularity of home improvement projects The rising cost of housing The aging population The growing number of single-family homes

    The home improvement retail market is concentrated in a few major players, including The Home Depot, Lowe's, and Menard's. These companies have a strong presence in the United States and are expanding into other markets. The home improvement retail market is characterized by a number of trends, including:

    The growing popularity of online shopping The increasing use of mobile devices for home improvement projects The rising demand for sustainable products The growing popularity of smart home products

    The home improvement retail market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing popularity of home improvement projects, the rising cost of housing, the aging population, and the growing number of single-family homes.

  4. m

    Furniture & Home Furnishing Store Market Size & Share Analysis - Industry...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Dec 6, 2023
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    Mordor Intelligence (2023). Furniture & Home Furnishing Store Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/furniture-and-home-furnishing
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Dec 6, 2023
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2020 - 2030
    Area covered
    Global
    Description

    The Furniture And Home Furnishing Store Market report segments the industry into By Type (Furniture Stores, Home Furnishing Stores), By Ownership (Retail Chains, Independent Stores), By Store Type (Exclusive/Retail Showrooms, Inclusive Retailers/Dealers Store), and By Geography (North America, Europe, Asia-Pacific, Middle East). Get five years of historical data and five-year market forecasts.

  5. Home Shopping Market Analysis | Industry Trends, Size & Forecast Report

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jun 16, 2024
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    Mordor Intelligence (2024). Home Shopping Market Analysis | Industry Trends, Size & Forecast Report [Dataset]. https://www.mordorintelligence.com/industry-reports/homeshopping-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jun 16, 2024
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    Global
    Description

    Global Home Retail Market Research Report is Segmented by Type (Teleshopping, E-commerce and Mobile Shopping, and Other Types) and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

  6. m

    Retail Market Size, Trends, Share & Research Report 2025-2030

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jun 19, 2025
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    Mordor Intelligence (2025). Retail Market Size, Trends, Share & Research Report 2025-2030 [Dataset]. https://www.mordorintelligence.com/industry-reports/retail-industry
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jun 19, 2025
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    Global
    Description

    The Retail Industry Market is Segments by Product Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear and Accessories, and More), by Distribution Channel (Supermarkets/Hypermarkets, Convenience and Discount Stores, Specialty Stores, and More), and by Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

  7. Retail Industry Market By Product Type (Food, Beverage, and Grocery,...

    • zionmarketresearch.com
    pdf
    Updated Jul 3, 2025
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    Zion Market Research (2025). Retail Industry Market By Product Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture and Home Decor, Toys, Hobby, and Household Appliances, and Pharmaceuticals), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Other Distribution Channels), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032 [Dataset]. https://www.zionmarketresearch.com/report/retail-industry-market
    Explore at:
    pdfAvailable download formats
    Dataset updated
    Jul 3, 2025
    Dataset provided by
    Authors
    Zion Market Research
    License

    https://www.zionmarketresearch.com/privacy-policyhttps://www.zionmarketresearch.com/privacy-policy

    Time period covered
    2022 - 2030
    Area covered
    Global
    Description

    The Global Retail Industry Market Size Was Worth USD 32 Trillion in 2023 and Is Expected To Reach USD 56.4 Trillion by 2032, CAGR of 6.5%.

  8. Indonesia Retail Market Analysis, Size, and Forecast 2025-2029

    • technavio.com
    Updated Jan 15, 2025
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    Technavio (2025). Indonesia Retail Market Analysis, Size, and Forecast 2025-2029 [Dataset]. https://www.technavio.com/report/indonesia-retail-market-industry-analysis
    Explore at:
    Dataset updated
    Jan 15, 2025
    Dataset provided by
    TechNavio
    Authors
    Technavio
    Time period covered
    2021 - 2025
    Area covered
    Indonesia
    Description

    Snapshot img

    Indonesia Retail Market Size 2025-2029

    The Indonesia retail market size is forecast to increase by USD 49.9 billion, at a CAGR of 4.7% between 2024 and 2029.

    The Indonesia Retail Market is segmented by distribution channel (offline, online), product (food and beverages, electrical and electronics, apparel and footwear, home improvement and household products, others), ownership structure (local retailer, international retailer), end-user (urban, rural), payment type (cash, digital payments via mobile apps, cards, BNPL), consumer segment (urban, rural), and geography (APAC, specifically Indonesia). This segmentation reflects the market's diversity, driven by a growing middle class, urbanization, and e-commerce adoption, with offline channels dominating but online platforms rapidly expanding, particularly in urban areas.
    The market is experiencing significant expansion, driven by the increasing preference for local brands among consumers. This trend is fueled by the growing middle class population and their desire for affordable yet quality products. However, the underdeveloped infrastructure poses a significant challenge for retailers. Limited access to reliable logistics and transportation networks, as well as inconsistent electricity supply, can hinder the smooth operation of retail businesses.
    To navigate these challenges, retailers must explore innovative solutions such as developing robust supply chain management systems and investing in renewable energy sources. By addressing these issues, retailers can effectively capitalize on the market's potential for growth and meet the evolving needs of Indonesian consumers.
    

    What will be the size of the Indonesia Retail 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 Sample

    In the dynamic retail market of Indonesia, customer journey mapping plays a crucial role in enhancing customer retention. Online reviews management is essential for maintaining brand building and addressing customer feedback. Supply chain visibility is key to optimizing logistics and ensuring store operations run smoothly. Cart abandonment and conversion rates are closely monitored through predictive analytics and marketing automation. RFID technology and sales training are integral to inventory optimization and pricing strategy. Product assortment and merchandise planning are informed by business intelligence (BI) and prescriptive analytics. Store layout and visual merchandising are critical components of market penetration and competitive advantage.
    Logistics optimization, retail infrastructure, and drone delivery are shaping the future of the industry. Sales forecasting, demand forecasting, and e-commerce infrastructure are essential for staying ahead of the competition. Staff training and customer experience (CX) are continuously improved through blockchain technology and promotional effectiveness analysis. Market penetration and competitive advantage are enhanced through pricing optimization, merchandise planning, and inventory optimization strategies. Brand building and customer retention are interconnected, with online reviews management and customer experience (CX) playing pivotal roles. Predictive analytics and sales training are essential for anticipating trends and optimizing performance. Store operations and supply chain visibility are crucial for ensuring a seamless retail 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.

    Distribution Channel
    
      Offline
      Online
    
    
    Product
    
      Food and beverages
      Electrical and electronics
      Apparel and footwear
      Home improvement and household products
      Others
    
    
    Ownership Structure
    
      Local Retailler
      International Retailer
    
    
    End-User
    
      Urban
      Rural
    
    
    Payment Type
    
      Cash
      Digital Payments (Mobile Apps)
      Cards
      BNPL (Buy Now Pay Later)
    
    
    Consumer Segment
    
      Urban
      Rural
    
    
    Geography
    
      APAC
    
        Indonesia
    

    By Distribution Channel Insights

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

    In Indonesia's dynamic retail market, convenience stores cater to everyday consumer needs with a focus on accessibility. These small retail outlets offer essentials such as groceries, personal care products, and snacks, often co-located with gas stations for added convenience. Digital payments are increasingly popular, streamlining transactions and enhancing customer experience. Department stores, a staple in urban areas, provide a broad range of consumer goods. They have significantly influenced shopping habits and luxury services in cities. Digital ma

  9. m

    Modern Trade Retail Market Size & Share Analysis - Industry Research Report...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Feb 29, 2024
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    Mordor Intelligence (2024). Modern Trade Retail Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/modern-trade-retail-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Feb 29, 2024
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2020 - 2030
    Area covered
    Global
    Description

    The Modern Trade Retail Market report segments the industry into By Product Type (Food, Beverage, and Grocery, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture and Home Decor, Toys, Hobby, and Household Appliances, and more), By Ownership (Retail Chains, Independent Retailers), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Other Distribution Channels), and By Geography.

  10. Home Textile Retail Market Analysis APAC, North America, Europe, Middle East...

    • technavio.com
    Updated Jan 30, 2025
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    Technavio (2025). Home Textile Retail Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Japan, Canada, South Korea, Germany, UK, France, Italy - Size and Forecast 2025-2029 [Dataset]. https://www.technavio.com/report/home-textile-retail-market-industry-analysis
    Explore at:
    Dataset updated
    Jan 30, 2025
    Dataset provided by
    TechNavio
    Authors
    Technavio
    Time period covered
    2021 - 2025
    Area covered
    Global, United States
    Description

    Snapshot img

    Home Textile Retail Market Size 2025-2029

    The home textile retail market size is forecast to increase by USD 74.7 billion, at a CAGR of 6.6% between 2024 and 2029.

    The market is experiencing significant growth, driven by key trends such as innovation and portfolio extension leading to premiumization. companies are expanding their distribution channels to cater to the increasing consumer demand. However, the market is also facing challenges, including the volatility of raw material prices. These price fluctuations can impact the profitability of retail vendors and manufacturers. To remain competitive, companies are focusing on product innovation and diversification, as well as implementing cost-effective sourcing strategies. Additionally, the use of sustainable fabrics and eco-friendly materials is gaining popularity among consumers, making it essential for retailers to adapt to this trend. Overall, the market is expected to continue its growth trajectory, with companies leveraging these trends and addressing challenges to capitalize on the opportunities presented.
    

    What will be the Size of the Home Textile Retail Market During the Forecast Period?

    Request Free Sample

    The market encompasses a wide range of products, including bed linen, bath linen, kitchen linen, upholstery, and floor coverings, catering to modern homes and homeowners seeking to enhance their interior design and house decoration. The real estate industry plays a significant role in driving demand for home textiles, as affluent consumers and millennials increasingly prioritize personalized, internationally inspired designs for their living spaces.
    The home textile industry offers various product categories, from furnishing fabrics to eco-friendly and synthetic fiber options, woven, knitted, or crocheted. Specialty stores and foreign brands dominate the organized retail sector, while e-commerce platforms continue to gain popularity. Eco-friendly and blend fiber products are emerging trends, reflecting consumers' growing awareness of sustainability and unique textures. Overall, the home textile market is a dynamic and evolving industry that caters to diverse consumer preferences and housing trends.
    

    How is this Home Textile Retail Industry segmented and which is the largest segment?

    The home textile retail 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.

    Distribution Channel
    
      Offline
      Online
    
    
    Product
    
      BBO
      Bed linen
      Carpets and rugs
      Upholstery
      Others
    
    
    Geography
    
      APAC
    
        China
        India
        Japan
        South Korea
    
    
      North America
    
        Canada
        US
    
    
      Europe
    
        Germany
        UK
        France
        Italy
    
    
      Middle East and Africa
    
    
    
      South America
    

    By Distribution Channel Insights

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

    Home textile products, including bath linens, kitchen linens, bed linens, and bedspreads, as well as curtains, are predominantly sold through offline distribution channels. Retail formats, such as specialty stores, hypermarkets, department stores, convenience stores, supermarkets, and warehouse clubs, dominate the global market. Consumers seek personalized home textile products, leading to increased demand. These retail channels generate a substantial portion of the market revenue. The offline distribution channel holds a significant market share, with retail formats being the primary contributors.

    Get a glance at the Home Textile Retail Industry report of share of various segments Request Free Sample

    The offline segment was valued at USD 145.90 billion in 2019 and showed a gradual increase during the forecast period.

    Regional Analysis

    APAC is estimated to contribute 35% to the growth of the global market during the forecast period.
    

    Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

    For more insights on the market share of various regions, Request Free Sample

    The Asia Pacific region presents a substantial opportunity for international home textile brands to expand their reach in emerging economies, with China, Japan, and India leading the market. China, known for its export of home textiles, is driven by factors such as urbanization, increasing disposable income, and rising fashion consciousness towards home decoration. Urbanization and growing affluence in India and Japan are also contributing to the growth of the market in these countries. Additionally, markets in Thailand, Vietnam, South Korea, Indonesia, and Australia are significant contributors to the APAC home textile market. The region's home textile industry encompasses a wide range of products, including furnishing fabrics,

  11. Thailand Retail Market Analysis, Size, and Forecast 2025-2029

    • technavio.com
    Updated Mar 15, 2025
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    Technavio (2025). Thailand Retail Market Analysis, Size, and Forecast 2025-2029 [Dataset]. https://www.technavio.com/report/retail-market-market-in-thailand-industry-analysis
    Explore at:
    Dataset updated
    Mar 15, 2025
    Dataset provided by
    TechNavio
    Authors
    Technavio
    Time period covered
    2021 - 2025
    Area covered
    Thailand
    Description

    Snapshot img

    Thailand Retail Market Size 2025-2029

    The Thailand retail market size is forecast to increase by USD 49.69 billion at a CAGR of 6.9% between 2024 and 2029.

    The Retail Market in Thailand is segmented by product (grocery, apparel and footwear, BPC, home and garden, others), distribution channel (offline, online), pricing scheme (cash, digital payment, buy now pay later), and geography (APAC: Thailand). This segmentation reflects the market's growth, driven by increasing demand for grocery and BPC products, a shift toward online channels, and the rising adoption of digital payment and buy now pay later schemes in Thailand.
    The market is experiencing significant growth, driven primarily by the increasing demand for convenience food products. This trend is influenced by the busy lifestyles and hectic schedules of consumers, who seek quick and easy meal solutions. Additionally, the surge in sales through online distribution channels is further fueling market expansion. However, this market landscape is not without challenges. The proliferation of counterfeit products poses a significant threat to both consumers and legitimate retailers. These counterfeit goods not only undermine brand reputation but also compromise consumer safety.
    Retailers must navigate this issue by implementing robust anti-counterfeit measures and collaborating with authorities to protect their brands and maintain consumer trust. To capitalize on market opportunities and effectively manage challenges, retailers must stay agile and responsive, focusing on innovation, quality, and customer experience.
    

    What will be the size of the Thailand Retail 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 Sample

    In the dynamic Thai retail market, personalized recommendations and retail marketing automation are driving customer engagement, with digital wallets and mobile payments simplifying transactions. Inventory optimization and supply chain optimization ensure stock availability, while sustainable packaging and the circular economy align with eco-conscious consumers' preferences. Social commerce and location-based marketing expand reach, and retail analytics software provides valuable insights. Mobile POS, multi-channel marketing, and customer journey optimization enhance the shopping experience.
    Data privacy and e-commerce security are essential considerations, with price optimization ensuring competitiveness. Voice assistants, big data analytics, virtual try-on, and customer service automation further enhance the retail landscape. Cloud-based retail solutions and smart shopping enable seamless operations, and live shopping offers real-time interaction, revolutionizing retail trends.
    

    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
    
      Grocery
      Apparel and footwear
      BPC
      Home and garden
      Others
    
    
    Distribution Channel
    
      Offline
      Online
    
    
    Pricing Scheme
    
      Cash
      Digital payment
      Buy now pay later
    
    
    Geography
    
      APAC
    
        Thailand
    

    By Product Insights

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

    In Thailand's dynamic retail market, various sectors experience significant growth. The grocery segment, a major contributor to sales, witnesses robust expansion due to increasing consumer numbers and the entry of both domestic and international retailers. Convenience stores, in particular, thrive due to the rising preference for purchasing daily grocery requirements from nearby shops. Hypermarkets, supermarkets, and other retail outlets also expand rapidly, catering to consumers seeking a wide range of household groceries under one roof. Digital signage and retail technology enhance the shopping experience, while ethical sourcing and retail compliance ensure transparency and sustainability. Retail automation, machine learning, and predictive analytics streamline retail operations and sales forecasting.

    Customer journey mapping and segmentation, along with personalized customer experiences, boost customer engagement. Retail disruption comes from disruptive technologies like mobile apps, virtual reality, augmented reality, and e-commerce platforms. Omnichannel retailing, logistics and distribution, and digital marketing services create seamless shopping experiences. Inventory management software, online payment gateways, and employee scheduling tools optimize retail operations. Retail security, loss prevention, and fraud detection ensure business continuity and customer trust. Staff training, in-store technology, and rfid technology improve operational efficiency.

  12. M

    Modern Trade Retail Market Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Mar 8, 2025
    + more versions
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    Data Insights Market (2025). Modern Trade Retail Market Report [Dataset]. https://www.datainsightsmarket.com/reports/modern-trade-retail-market-18737
    Explore at:
    ppt, pdf, docAvailable download formats
    Dataset updated
    Mar 8, 2025
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The modern trade retail market, valued at $5.30 billion in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 4.29% from 2025 to 2033. This expansion is fueled by several key drivers. The rising disposable incomes in developing economies are increasing consumer spending on a wider range of goods, boosting demand across various product categories. E-commerce penetration continues to rise, particularly within the food, beverage, and grocery, and personal care sectors, creating new avenues for retail expansion and consumer convenience. The increasing preference for organized retail formats, including supermarkets and hypermarkets, over traditional, smaller stores reflects a shift towards a more streamlined and convenient shopping experience. Furthermore, strategic partnerships between retailers and brands enhance product availability and marketing reach, contributing to market growth. However, challenges remain. Intense competition among established players and the emergence of new entrants necessitates continuous innovation and adaptation. Economic fluctuations and inflationary pressures impact consumer spending patterns, potentially influencing market growth trajectories. Effective supply chain management becomes crucial in navigating these uncertainties. Segmentation analysis reveals a dynamic market landscape. Food, beverage, and grocery dominate the product type segment, followed by personal and household care and apparel. Retail chains hold a significant market share, while the online channel exhibits strong growth potential, indicative of evolving consumer preferences. Geographic distribution shows diverse growth patterns, with North America and Asia Pacific expected to be key contributors to overall market expansion. The projected market size for 2033 can be estimated by applying the CAGR to the 2025 value. Assuming a consistent growth rate, the market is expected to experience significant expansion over the forecast period, driven by continued economic growth, changing consumer habits, and technological advancements within the retail sector. A robust competitive landscape necessitates that companies focus on strategic differentiators such as personalized customer experiences, enhanced supply chain agility, and innovative retail technologies to secure a prominent position within this expanding market. This also emphasizes the necessity for ongoing market research and adapting strategies to meet changing consumer demands and market dynamics. Recent developments include: August 2023: Italian luxury fashion brand Gucci and Chinese e-commerce giant JD.com, popularly known as Jingdong, have partnered digitally. With the launch of a new digital flagship shop on the e-commerce retailer's platform, the partnership will reach a significant milestone., May 2023: Walmart announced the launch of over 28 healthcare facilities in its supercenters, providing value-based and dental care services.. Key drivers for this market are: Rapid Expansion of Urban Areas, Rise of E-commerce and Omnichannel Retailing. Potential restraints include: Rapid Expansion of Urban Areas, Rise of E-commerce and Omnichannel Retailing. Notable trends are: Emergence of Omnichannel Retailing is Driving the Market.

  13. m

    United States Hardware Stores Retail Market Size & Share Analysis - Industry...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Feb 29, 2024
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    Mordor Intelligence (2024). United States Hardware Stores Retail Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/united-states-hardware-stores-retail-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Feb 29, 2024
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2020 - 2030
    Area covered
    United States
    Description

    The United States Hardware Stores Retail Market Report is Segmented by Product Type (Door Hardware, Building Materials, Kitchen and Toilet Products, and Other Product Types) and by Distribution Channel (Offline and Online). The Report Offers the Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

  14. F

    Furniture and Home Furnishing Store Market Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Mar 8, 2025
    + more versions
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    Data Insights Market (2025). Furniture and Home Furnishing Store Market Report [Dataset]. https://www.datainsightsmarket.com/reports/furniture-and-home-furnishing-store-market-18702
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    pdf, doc, pptAvailable download formats
    Dataset updated
    Mar 8, 2025
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The global furniture and home furnishing store market, valued at $518.21 million in 2025, is projected to experience robust growth, driven by several key factors. Rising disposable incomes, particularly in developing economies, are fueling increased consumer spending on home improvement and furnishing. A burgeoning trend towards personalized and aesthetically pleasing home environments is also stimulating demand. The market is segmented by store type (exclusive showrooms, inclusive retailers/dealers), ownership (retail chains, independent stores), and type (furniture stores, home furnishing stores). Retail chains, leveraging economies of scale and efficient supply chains, dominate the market landscape. However, independent stores are witnessing growth, capitalizing on their ability to offer customized services and build stronger customer relationships. E-commerce penetration is significantly impacting the market, with online retailers offering a wider product selection and convenient home delivery, forcing traditional brick-and-mortar stores to adapt their strategies by enhancing their online presence and incorporating omnichannel approaches. Growth in the market is further propelled by evolving consumer preferences, such as increased demand for sustainable and eco-friendly furniture, smart home technology integration within furniture, and a rise in multi-functional furniture designs catering to space-saving needs in urban environments. However, challenges remain. Fluctuations in raw material prices, particularly timber and other natural resources, impact manufacturing costs and profitability. Geopolitical instability and supply chain disruptions can also impede growth. Competitive pressures from both established players and emerging brands necessitate continuous innovation and strategic adaptation. The forecast period of 2025-2033 anticipates consistent expansion, with a projected compound annual growth rate (CAGR) of 4.15%, indicating a positive outlook for the industry despite inherent challenges. Major players such as Ashley Furniture Industries, Herman Miller, and IKEA will continue to shape the market trajectory through strategic expansions, product diversification, and technological integration. Recent developments include: In October 2023, Pottery Barn, a portfolio brand of Williams-Sonoma, Inc, the world’s largest digital-first, design-led and sustainable home retailer launched new home furnishings collaboration inspired by the beloved holiday film, Elf, August 2022: Inter Ikea Group invested in Flow Loop. Flow Loop is a Danish startup developing a water recycling shower solution. This collaboration is an important step by IKEA, given its commitment to developing innovative solutions that enable home water savings., February 2022: Havenly acquires the direct-to-consumer home furnishings company The Inside. Havenly is a network of professional interior designers who create custom visual designs based on client preferences.. Notable trends are: Increasing popularity of DIY furniture and home decor.

  15. Vietnam Retail Market Analysis, Size, and Forecast 2025-2029

    • technavio.com
    Updated Feb 15, 2025
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    Technavio (2025). Vietnam Retail Market Analysis, Size, and Forecast 2025-2029 [Dataset]. https://www.technavio.com/report/retail-market-industry-in-vietnam-analysis
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    TechNavio
    Authors
    Technavio
    Time period covered
    2021 - 2025
    Area covered
    Vietnam
    Description

    Snapshot img

    Vietnam Retail Market Size 2025-2029

    The Vietnam retail market size is forecast to increase by USD 278.7 billion, at a CAGR of 14.7% between 2024 and 2029.

    The Vietnam Retail Market is segmented by distribution channel (Offline, Online), type (Grocery, Electronics and Appliances, Home and Garden, Health and Beauty, Others), channel (Cash, Digital Payment, Buy Now Pay Later (BNPL)), store type (Supermarkets, Convenience Stores, Online, Specialty Stores), consumer segment (Urban Middle Class, Rural Consumers, Young Shoppers), and geography (APAC: Vietnam). This segmentation reflects the market's diversity, driven by strong demand for Grocery and Health and Beauty products among Urban Middle Class and Young Shoppers, growing Online channels with Digital Payment and BNPL options, and the dominance of Supermarkets and Convenience Stores for Offline purchases catering to both Rural Consumers and urban preferences across Vietnam in the APAC region.
    The market is experiencing significant growth, driven primarily by the increasing demand for convenience food products. This trend is closely linked to the emergence of urban lifestyles, as more consumers in Vietnam's cities seek out quick and easy meal solutions. However, this growth comes with challenges. Logistical and supply chain issues persist, posing significant obstacles for retailers looking to meet the surging demand for convenience foods. Efficiently managing the distribution and delivery of these products is essential for companies aiming to capitalize on this market opportunity and maintain a competitive edge.
    Navigating these challenges requires strategic planning and innovative solutions to ensure the timely and cost-effective delivery of convenience food products to consumers in Vietnam's urban areas. Companies that can effectively address these logistical hurdles will be well-positioned to thrive in this dynamic and expanding market.
    

    What will be the size of the Vietnam Retail 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 Sample

    In Vietnam's dynamic retail market, pricing optimization plays a crucial role in staying competitive. Consumer spending habits continue to shape the industry, with franchise models adapting to local preferences. Sustainability initiatives and compliance standards are increasingly important, driving retailers to prioritize environmental impact and social responsibility. Merchandising strategies and sales forecasting help businesses optimize profit margins and performance metrics, while product recall procedures and food safety regulations ensure customer satisfaction and protect against product liability. E-commerce fraud and intellectual property rights pose challenges, necessitating robust risk management and business intelligence. Sales data analysis and employee training are essential for addressing inventory shrinkage and supply chain disruptions.
    Competitor mapping and store security systems are crucial for market penetration and maintaining regulatory compliance. Consumer confidence is influenced by economic indicators, with private label brands gaining popularity. Retailers must navigate complex import/export regulations and adhere to consumer protection laws. Adopting a proactive approach to corporate governance and regulations compliance is vital for long-term success. Market trends include a focus on food safety, sustainability, and digital transformation. Retailers must balance these priorities with managing their workforce, implementing merchandising strategies, and addressing product liability concerns. Effective risk management and supply chain resilience are essential for mitigating the impact of potential crises.
    

    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.

    Distribution Channel
    
      Offline
      Online
    
    
    Type
    
      Grocery
      Electronics and appliances
      Home and garden
      Health and beauty
      Others
    
    
    Channel
    
      Cash
      Digital payment
      Buy now pay later (BNPL)
    
    
    Store Type
    
      Supermarkets
      Convenience Stores
      Online
      Specialty Stores
    
    
    Consumer Segment
    
      Urban Middle Class
      Rural Consumers
      Young Shoppers
    
    
    Geography
    
      APAC
    
        Vietnam
    

    By Distribution Channel Insights

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

    In Vietnam's retail market, the integration of technology and traditional retail formats creates a dynamic business environment. Big data and market research guide retail strategies, from inventory management and pricing to customer segmentation and competition analysis. Augmented reality (AR) and virtual

  16. M

    Mexico Retail Industry Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Feb 10, 2025
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    Data Insights Market (2025). Mexico Retail Industry Report [Dataset]. https://www.datainsightsmarket.com/reports/mexico-retail-industry-18724
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    pdf, ppt, docAvailable download formats
    Dataset updated
    Feb 10, 2025
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Mexico
    Variables measured
    Market Size
    Description

    The Mexican retail industry is thriving, driven by a growing middle class, increased urbanization, and rising disposable incomes. With a market size of 94.40 million in 2025, the industry is projected to expand at a robust CAGR of 5.00% through 2033. Key drivers include the proliferation of e-commerce, the expansion of modern retail formats, and the growing popularity of private label brands. The industry is segmented into various product categories, including food and beverage, personal and household care, apparel, furniture, electronics, and automotive products. Distribution channels include hypermarkets, supermarkets, convenience stores, department stores, and specialty stores. Leading players in the market include Soriana SA de CV, FEMSA Comercio SA, Coppel SA de CV, El Puerto de Liverpool, Walmart International, and El Palacio de Hierro. The increasing adoption of omnichannel retailing, the rise of social commerce, and the growing emphasis on sustainability are key trends shaping the future of the Mexican retail industry. Recent developments include: March 2023 - Walmart opened 22 new stores across the state of Nuevo Leon as a part of an investment in the region’s infrastructure. Walmart made the decision during its 12th anniversary in Monterrey., January 2023 - Mexican retail conglomerate FEMSA (Fomento Económico Mexicano) launched Andretti Drive, a new app-enabled drive-thru coffee shop concept, in the northeast Mexican state of Nuevo León. FEMSA is the parent company of the OXXO convenience store chain, which has more than 20,000 outlets across Mexico, Chile, Colombia, and Peru. It also operates the Andatti coffee brand across the region.. Key drivers for this market are: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Potential restraints include: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Notable trends are: Growth of E-commerce Sector Drives the Market.

  17. Online Retail Market - Share, Trends & Size

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Apr 15, 2024
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    Mordor Intelligence (2024). Online Retail Market - Share, Trends & Size [Dataset]. https://www.mordorintelligence.com/industry-reports/global-e-retail-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Apr 15, 2024
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2020 - 2030
    Area covered
    Global
    Description

    The E-Retail Market is Segmented by Product (home Appliances and Electronics, Clothing, Footwear and Accessories, Food and Personal Care, Furniture and Home Decor, and Other Products) and by Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Report Offers Market Size and Forecasts in Value (USD ) for all the Above Segments.

  18. Home Improvement Retail Market Report | Global Forecast From 2025 To 2033

    • dataintelo.com
    csv, pdf, pptx
    Updated Sep 23, 2024
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    Dataintelo (2024). Home Improvement Retail Market Report | Global Forecast From 2025 To 2033 [Dataset]. https://dataintelo.com/report/global-home-improvement-retail-market
    Explore at:
    pptx, csv, pdfAvailable download formats
    Dataset updated
    Sep 23, 2024
    Dataset authored and provided by
    Dataintelo
    License

    https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy

    Time period covered
    2024 - 2032
    Area covered
    Global
    Description

    Home Improvement Retail Market Outlook



    The global market size of the Home Improvement Retail sector was valued at approximately $800 billion in 2023 and is forecasted to reach around $1.2 trillion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5%. This robust growth is driven by several factors, including rising disposable incomes, increasing urbanization, and a growing trend towards DIY (Do-It-Yourself) home improvement activities.



    The growth in the Home Improvement Retail market can be largely attributed to the rising disposable incomes and increased consumer spending on home renovations and improvements. As economic conditions improve globally, consumers have more financial resources to invest in their homes, making them more likely to purchase products from this market. Additionally, the growing trend of working from home has led many to consider revamping their living spaces to create a more conducive environment for work and leisure, further driving the market’s expansion.



    Another significant growth factor is the surge in urbanization. With more people moving to urban areas, there is a heightened demand for housing and consequently for home improvement products. Urban dwellers are often more inclined to invest in modern and efficient home improvement solutions due to limited space and the high cost of living. This has led to an increased demand for innovative and space-saving home improvement products such as modular kitchens, multi-functional furniture, and energy-efficient appliances.



    The rising popularity of DIY activities is also playing a crucial role in boosting the Home Improvement Retail market. With the plethora of online tutorials and resources available, more consumers are taking on home improvement projects themselves rather than hiring professionals. This trend is particularly strong among younger consumers who view DIY projects as a way to personalize their living spaces and save on labor costs. Retailers are responding to this trend by offering a wide range of DIY-friendly products and tools, as well as instructional content to aid consumers in their projects.



    The regional outlook for the Home Improvement Retail market reveals that North America and Europe are the dominant regions, with significant growth also expected in the Asia Pacific region. North America holds a substantial share of the market due to the high rate of homeownership and the prevalence of DIY culture. Europe follows closely, driven by the region's aesthetic value on home decor and renovations. Meanwhile, the Asia Pacific region is anticipated to experience the highest growth rate, driven by increasing urbanization, rising disposable incomes, and a growing middle class. These factors create a fertile ground for the market to flourish in these regions.



    Product Type Analysis



    In the Home Improvement Retail market, products can be broadly categorized into several types: Building Materials, Home Decor, Tools and Hardware, Outdoor Living, and Others. The Building Materials segment holds a substantial share of the market due to the continuous demand for construction materials amidst growing urbanization and housing projects. This segment is crucial as it includes essential items like cement, bricks, and lumber, which are fundamental to any home improvement or construction project. The growing trend of sustainable and eco-friendly construction materials is further driving growth in this segment, as consumers become more environmentally conscious.



    The Home Decor segment is gaining traction due to the rising interest in interior design and the personalization of living spaces. Consumers are increasingly investing in decorative items such as furniture, lighting, and accessories to enhance the aesthetic appeal of their homes. This segment is also influenced by trends in fashion and design, which are seeing a rapid evolution. The advent of digital platforms has made it easier for consumers to stay updated on the latest trends, thereby driving the demand for contemporary and stylish home decor products.



    Tools and Hardware is another significant segment within the Home Improvement Retail market. This category includes essential tools, equipment, and hardware necessary for various home improvement tasks. The increase in DIY activities has led to a surge in demand for high-quality, user-friendly tools that cater to both novice and experienced DIY enthusiasts. Retailers are increasingly focusing on offering a wide range of tools that are easy to use and come with detailed instructions, thus catering to the growing DIY market.<

  19. t

    Furniture And Home Furnishings Stores Global Market Report 2025

    • thebusinessresearchcompany.com
    pdf,excel,csv,ppt
    Updated Jan 10, 2025
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    The Business Research Company (2025). Furniture And Home Furnishings Stores Global Market Report 2025 [Dataset]. https://www.thebusinessresearchcompany.com/report/furniture-and-home-furnishings-stores-global-market-report
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jan 10, 2025
    Dataset authored and provided by
    The Business Research Company
    License

    https://www.thebusinessresearchcompany.com/privacy-policyhttps://www.thebusinessresearchcompany.com/privacy-policy

    Description

    Global Furniture And Home Furnishings Stores market size is expected to reach $708.16 billion by 2029 at 6.5%, segmented as by type, furniture stores, home furnishings stores

  20. H

    Home Improvement Retail Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Jun 15, 2025
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    Data Insights Market (2025). Home Improvement Retail Report [Dataset]. https://www.datainsightsmarket.com/reports/home-improvement-retail-1958475
    Explore at:
    doc, ppt, pdfAvailable download formats
    Dataset updated
    Jun 15, 2025
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    Global
    Variables measured
    Market Size
    Description

    The global home improvement retail market is a dynamic and expansive sector, experiencing robust growth fueled by several key factors. A projected Compound Annual Growth Rate (CAGR) suggests a significant expansion over the forecast period (2025-2033). This growth is driven by several converging trends: a rising homeowner population, particularly in developing economies, coupled with increasing disposable incomes; a growing preference for home renovations and DIY projects, fueled by social media trends and accessibility of online resources; and the increasing availability of innovative, sustainable, and technologically advanced home improvement products. Furthermore, the shift towards online retail and the expansion of omnichannel strategies by major players are contributing significantly to market expansion. While economic downturns and fluctuations in raw material prices pose potential restraints, the overall positive trajectory remains strong, reflecting a sustained demand for home improvement products and services. The competitive landscape is intensely competitive, with established giants like The Home Depot, Lowe's, and Kingfisher vying for market share alongside regional and specialized players. Successful companies are focusing on value-added services such as design consultations, installation services, and personalized customer experiences to differentiate themselves and cater to the evolving needs of consumers. The market is also witnessing a shift towards sustainability, with increased demand for eco-friendly building materials and energy-efficient products. Geographical variations in market growth are expected, with regions experiencing rapid urbanization and economic growth showing higher growth rates. Strategic mergers and acquisitions, coupled with technological advancements such as augmented reality and virtual design tools, are shaping the future of the home improvement retail sector, ensuring its continued evolution and growth. Overall, the industry's future appears bright, with substantial opportunities for growth and innovation.

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IBISWorld (2025). Home Improvement Stores in the US - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-states/market-research-reports/home-improvement-stores-industry/
Organization logo

Home Improvement Stores in the US - Market Research Report (2015-2030)

Explore at:
3 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
May 15, 2025
Dataset authored and provided by
IBISWorld
License

https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

Time period covered
2015 - 2030
Area covered
United States
Description

Home improvement stores form a mature industry dominated by two major companies, Home Depot and Lowe's. Both companies share similar product lines, which fuels high levels of price competition. Home improvement stores serve various markets, including do-it-for-me (DIFM), do-it-yourself (DIY) and professional customers. The most prominent influence on the performance of stores is activity in the residential market. Starting in 2021, spikes in inflation have cut consumers' spending power, while rising interest rates have constrained residential construction spending. While inflation has been tempered, the recent tariff announcements by the Trump administration remain a threat to product prices. Revenue for home improvement stores is expected to swell at a CAGR of 1.7% to $292.8 billion through the end of 2025, including growth of 1.9% in 2025 alone. The residential market boomed in 2020 as consumers stayed inside, resulting in more consumers with time to spend looking at new homes. Sales of home appliances, lumber, tools, hardware and lawn equipment were boosted. However, mounting inflationary pressure in 2022 led the Federal Reserve to raise interest rates. Since home improvement stores are tied to residential sector growth, rising interest rates cut housing sales that year, leading to faltering revenue. Since the pandemic, exploding e-commerce sales have been a boon for the industry. Home improvement stores will continue to improve their online platforms to strengthen sales in the coming years. Growing economic uncertainty has lifted sales of DIY products while limiting profit growth. Moving forward, interest rates are expected to drop, benefiting home improvement stores. Tariffs could result in higher interest rates, potentially upending the industry. Still, consumer spending power will remain relatively low, suppressing residential activity. Although residential activity is expected to slow, rising disposable income will boost spending on appliances and gardening equipment. There will be a trend of consumers opting for smaller appliances and upgrades rather than making significant investments in new construction or renovations. Home improvement store revenue is expected to climb at a CAGR of 2.1% to $325.3 billion through the end of 2030. The growing efficiency of online operations will cause profit to swell.

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