New York, USA, March 08, 2021 (GLOBE NEWSWIRE) – Latest report by Research Dive highlights the Do-It-Yourself (DIY) global home improvement sales market. According to the report, the market is expected to exceed $ 7,84,024.6 million by 2027, growing at a CAGR of 3.2% from 2019 to 2027. This report provides an overview of the current situation and future outlook of the market. The report is a fruitful research study, providing reliable market forecasts and insights to stakeholders, new entrants, investors, common market players, shareholders and many more.
Factors influencing market growth:
Popular growth for DIY projects as well as disposable income of people across the globe is accelerating the growth of the global DIY home improvement sales market. In addition, people’s positive focus on waste-free DIY projects to create a friendly home may reveal beneficial opportunities for market growth in the forecast period. However, lack of capacity and expert knowledge in this industry seems to be hindering the growth of the market.
For further details, download a copy of the report at: https://www.researchdive.com/download-sample/157
Impact of COVID-19 on market growth:
The spread of COVID-19 infection has had a positive impact on the growth of global DIY home improvement sales market. Growing growth in people’s desire to renovate their homes with DIY projects, increased interest in gardening practices to promote living spaces, and rising activity with major DIY home improvement vendors to drive their sales are driving market growth. For example, Home Depot, the largest home improvement retailer in the United States, supplies appliances, construction products, and services. it reported a 24% spike since 2019 how people blew up their homes during the COVID-19 lockout.
The report divides the global DIY home improvement sales division into type, distribution channel, and area.
Paint subdivision to show the highest growth in the preview period
Among category divisions, the paint sub-sector is expected to see the highest growth by accumulating revenue of $ 1,43,625.5 million by 2027. This is largely due to the affordable availability of several paint products. DIY such as self-painted package, crack. impact spraying, and frosting effect spraying, terrace wall proofing, and much more.
Online subdivision to control market growth in the forecast period
Among the distribution channel segment, the online sub-segment is expected to achieve the highest growth by accumulating revenue of $ 60,624.2 million by 2027. This is largely due to the availability of range. wide range of DIY products on the online platforms.
Contact the analyst to find out how COVID-19 affects the market: https://www.researchdive.com/connect-to-analyst/157
Asia-Pacific region to show reward growth opportunities in the forecast period
The report evaluates the global DIY home improvement sales industry across several regions including Asia Pacific, Europe, North America, and LAMEA. Among them, the Asia-Pacific region is expected to see significant growth by raising $ 85,145.1 million by 2027. This is largely due to the availability of innovative DIY home improvement products as well as technological advancements. in such products in the Asia-Pacific region.
Key market players:
The report lists some of the key players in the global DIY home improvement sales industry including –
- Amazon.com, Inc.
- Travis Perkins
- Lowe Companies, Inc.
- flipkart.com
- Corporra Kesko
- Walmart Inc.
- UBUY Inc.
- Tools
- UBYLD RETAIL PRIVATE LIMITED
- Home Weapons Products Authority, LLC
The report provides several industry-level innovations and approaches such as effective strategic trends & improvements, product / service line, business performance, Porter’s five forces analysis, and SWOT analysis of the key players, active in global industry. For example, DIY Week Awards – a unique scheme to discover excellence from across the DIY, home improvement, and garden development sectors, organized by DIate publisher Datateam Business Media Week has opened entries for 2021.
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