The recent market intelligence report, published by Data Insights Partner on the home improvement retail market makes an offering of in-depth analysis of and sub-segments in both the regional and international market. The research also emphasizes on the impact of drivers, restraints and macro indicators on the regional and global home improvement retail market over the short as well as long period of time. The report also includes the benefits and market opportunities presented in this field. Beside this, a detailed presentation of forecast, trends, and dollar values of the global market is offered too. In accordance with the report, the home improvement retail market is projected to expand at a CAGR of 3.9% over the period of forecast period of 2020-2028.
Market Insights, Drivers, Restraints and Opportunities:
Home improvement products has become necessities now because of changing preferences and tastes in products. Home improvement products mainly includes remodelling and renovating the decorations and layouts of houses and adding new and better products and making the house more liveable and lifestyle more comfortable. The improvement might consist of some mere modifications or it can be a complete reconstruction of the house.
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The expanding building and construction sector is one of the key factors to add fuel to the growth of the home improvement retail market. Rapid urbanisation and rising world population are two main factors behind the growth of home improvement retail market. The changing preferences and tastes and growing awareness over appearance of home décor are also playing some big role in the expansion of the said market. Beside this, the increasing disposable income and rising demand for better and easy, modern lifestyle is also leading the growth of the home improvement retail market. The new smart technology used in some of the product is also making the products more attractive and thus making the growth rate of home improvement retail market higher.
The home improvement retail market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–
? High cost of the raw materials.
? High R&D activities cost.
? High transportation and exportation and import cost.
? High cost of the end product.
? High installation cost and labour cost.
? Time consuming installation procedure of some products.
? Lack of awareness about the availability and benefits of the home improvement related products in the rural areas of the developing countries.
During the forecast period, Asia Pacific followed by North America and Europe are expected to be the fastest-growing home improvement retail market. The demand for home improvement retail in the Asia Pacific region is driven by its ever-growing demand among the population of this region and the increasing foreign investments in the said market. The rising concerns over better looking homes, better lifestyles are helping the growth of the said market in this region. The rapid economic growth, increase in per capita income of individuals and growing population in the said region is expected to fuel high demand for these products. It is also believed that on the basis of application, the kitchen and toilet products segment will have the largest share because of its durability, smart, modern and easy-to-handle technologies and availability in various types and forms in the forecast period. For its high demand, low prices, high efficiency and other properties, market for do-it-yourself home improvement products is also expected to rise significantly in the said time.
Segmentation of Home Improvement Retail Market:
This market intelligence report on the home improvement retail market is segmented based on product type, product form, service type, application, end usage, distributional channel and the country/regions.
By Product Type, the home improvement retail market is divided into–
- Remodelling and Renovation
By Product form, the home improvement retail market is segmented into–
By Service Type, the home improvement retail market is divided into–
By Application, the home improvement retail market is divided into–
- Door Hardware
- Building Materials
- Kitchen and Toilet Products
- Décor and Indoor Garden
- Painting and Wallpaper
By End Usage, the home improvement retail market is segmented into–
By Distribution Channel, the home improvement retail market is segregated into–
- Hypermarkets and Supermarkets
By Regional Outlook, the home improvement retail market is divided into–
- North America (United States, Canada)
- Latin America (Brazil, Mexico, Argentina and other countries)
- Europe (United Kingdom, France, Germany, Spain, Italy, Russia, Turkey, Netherlands and other countries)
- Asia Pacific (Japan, China, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Australia, New Zealand and other countries)
- Middle East and Africa (GCC, South Africa, Israel, Arabia, Egypt and other countries)
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- McCoy Corporation
- Menard Inc.
- Home Depot Product Authority
- Bauvista GmbH & Co. KG
- Auhaus AG
- Eurobaustoff Handelsgesellschaft mbH & Co. KG
- Travis Perkins Plc
- Hornbach Baumarkt AG Group
- Kesko Corp.
- Intergamma BV
- Kingfisher Plc
- OBI Group Holding SE & Co KGaA
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as home improvement retail market related investment and spending and developments by major players of the market are tracked in this global report.
Market Competitive Analysis:
Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Home improvement retail market is a competitive market with the presence of various global and regional players in the market. The major players like Amazon, Walmart, Adeo, Lowe’s, Kesko Corp., Auhaus AG, Bauvista GmbH & Co. KG, Hornbach Baumarkt AG Group, Intergamma BV, Kingfisher Plc, OBI Group Holding SE & Co. KGaA,, Travis Perkins Plc etc. are trying to gain the market power in their hands by producing the products in low costs and thus charging low prices and using different kind of marketing campaigns.
An in-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as market data analysis, time series and cross section statistical data analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of home improvement retail market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year.
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market.
Ø This market intelligence report on home improvement retail market also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook.
Ø Profiling of key market players in the market of home improvement retail is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview.
Ø The data of this report would allow management authorities and marketers of home improvement retail companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation.
Ø The research on the world market for home improvement retail caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for the market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants.
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports.
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation.
Ø Ample number of examples and case studies has been taken into consideration before coming to a conclusion.
Reasons to Buy:
v Identify new growth opportunities with a deep understanding of strategic business plans and thus design innovative strategies for sustainable growth.
v Comprehensive details on micro and macro factors that will drive or restrain the growth of market players.
v Analyse and map the behaviours of the competitors to gain maximum benefits.
v Deep Sector-Specific Intelligence.
v Identify investors who can invest in your company or identify the companies to invest in by analysing market opportunities, gains and losses.
v Identify and attract potential customers by analysing consumer behaviour for every region.
v Highlights of the competitive landscape.
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