Global DIY Market grows an enormous +13.8%, demonstrating the impact of Covid-19 on the sector and reaching €701Bn. In 2020, despite the significant disturbance in the world’s economy and logistical impacts caused by the Covid-19 pandemic, the DIY/home improvement world market turnover reached €701 billion, an incredible increase of 13,8% compared to last year (€615 billion). Moreover, this substantial growth in the industry is against the backdrop of global GDP decreasing by -1.4% in 2020. North America and Europe combined represent approximately 88% of this market, although their joint population accounts for only 16% of the world population. The DIY markets of these two continents sum to €612 billion, an increase of 14.39% in comparison to the 2019 value of €535 billion. North America and Europe reach 61% and 27% of the world market respectively. North America had the highest average DIY expenditure per capita in 2020 at €1163 compared…
