Global DIY Tools market 2019-2025
DIY home improvement stands as a key segment of the DIY market, and it accounts for the largest share of the global DIY market. Home improvement involves renovating or remodeling one’s home. Although the practice of DIY is quite common in the Western regions, the market is slowly picking up in the emerging regions such as APAC and MEA. In Europe, DIY is widely practiced across the region. In countries like Germany and France, people are quite confident in engaging in DIY projects, enjoying it as a hobby.
The exponential increase in the presence of retail stores such as hypermarkets, supermarkets, and specialty stores offering different DIY products, is the key driver responsible for the growth of the DIY tools market. The growing number of stores have compelled retailers to constantly come up with new ideas and innovative products for better user engagement. For instance, Home Depot offers various DIY projects and ideas allowing customers to perform DIY tasks by watching videos easily. It also offers suggestions on the type of tools that can be used to perform these activities.
Global Market Outline: DIY Tools Market
At present, the DIY tools market is highly fragmented due to the presence of both major and private players. Due to this competition, manufacturers are focusing on innovations to meet the varying buying trend of the consumer. The key factors intensifying this competition are low product differentiation and long product replacement cycles. As a result, pricing, distribution network, and brand recognition are of crucial importance to the manufacturers. With multiple product launches, price wars, and mergers and acquisitions the competition is expected to intensify over the forecast period. The influential forces of consumer decision making are rapidly altering the landscape of the consumer goods industry. The age-old adage, ‘the consumer is the king’ resonates with every trade being executed under the sun. The practice of consumerism is gaining precedence among other factors which are significantly escalating the growth of the consumer goods industry.
The global DIY Tools market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the DIY Tools market based on company, product type, end user and key regions.
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The key players covered in this study
Makita
Robert Bosch
Stanley Black & Decker
Techtronic
Atlas Copco
Baier
Casal Power Tools
Craftsman
Hitachi Koki
Husqvarna
IRWIN TOOLS
Klein
Snap-on
In this study, the years considered to estimate the market size of DIY Tools are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2019
Forecast Year 2019 to 2025
Latest update on DIY Tools Market
Customer satisfaction is of paramount importance. Hence, the consumer micro-segmentation also assisting to develop masstige market is prompting the consumer goods industry growth. For example, a New Zealand-based dairy company, Fonterra, returns in the Indian market, taking the value-added product route, as it chose to work with Amul and Mother Dairy, those dominate in the packet milk segment. The soaring utility of durable, non-durable, and services is escalating the growth of all markets trading in consumer goods. The surging need for all types of consumer goods coupled with technical advancements like employing artificial intelligence and Internet of Things for an efficient supply chain is fostering the consumer goods market growth.
Market segment by Type, the product can be split into
DIY power tools
DIY hand tools
DIY decorative tools
Market segment by Application, split into
DIY stores
Speciality stores
Furniture stores
Online
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
Market size by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
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The revised regulation norms by esteemed organizations for new product approval are promoting improved safety standards, which is garnering customer loyalty. Furthermore, spreading awareness about consumer rights is booming the consumer goods market. Venture capital-style incubators, consistent focus on health and wellness products, and partnering with the consumers are some dynamics that are broadening the consumer goods market. The growing population, subsequently increasing consumers, is fueling the consumer goods market growth. The increase in food consumption, rising need for domestic products, and surge in per capita income backed by growing world economy are pushing the growth of consumer goods industry. The growing trend for brand consciousness and uses of specialty products are attracting considerable consumer for a special purchase. These insights mentioned above help in concluding the growth curve for the consumer goods industry is far from saturation, and the future looks bright in the coming years.
The study objectives of this report are:
To study and analyze the global DIY Tools market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of DIY Tools market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global DIY Tools manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the DIY Tools with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of DIY Tools submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
13 Market Forecast 2018-2025
14 Analyst’s Viewpoints/Conclusions
15 Appendix
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