Global DIY Market grows an enormous 13.8%
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 to €972 in 2019, an increase of 19.65%.
Approximately 82.5% of the Global DIY market (€578.14 billion) is concentrated in only 8 countries: USA, Germany, Japan, Canada, United Kingdom, France, Australia and Italy. Moreover, the three major DIY markets in Europe (Germany, the United Kingdom and France) represent 50% of the continent’s market.
The top 10 major home improvement retailers worldwide are: Home Depot (USA), Lowe’s (USA), Adeo (France), Kingfisher (UK), Menards (USA), Bunnings (Australia), OBI (Germany), Ace Hardware (USA), Bauhaus (Germany) & Sodimac (Chile). Home Depot and Lowe’s alone now account for 27.7% of the global market share.
More information, including a Global Analysis, detailed data on over 50 of the largest DIY Markets, as well as the top 10 home improvement groups worldwide, is contained in the new edition of the “Global Home Improvement Report 2021”. This report captures the DIY and Home Improvement market figures at the time of a new era.