Market Size of Asia-Pacific DIY Home Improvement Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 87.92 Billion |
| Market Size (2029) | USD 91.49 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific DIY Home Improvement Market Analysis
The Asia-Pacific DIY Home Improvement Market size is estimated at USD 87.92 billion in 2024, and is expected to reach USD 91.49 billion by 2029, growing at a CAGR of less than 5% during the forecast period (2024-2029).
The Asia-Pacific DIY Home Improvement Market is positioned for significant growth in the coming years, with a steady increase expected from 2024 onwards. The market has shown considerable expansion, especially during periods of enforced lockdowns in response to global challenges, as DIY enthusiasts enthusiastically undertake home improvement projects. Gardening activities, in particular, have become popular for enhancing living spaces and providing entertainment during periods of confinement. This increased demand for DIY products during challenging times highlights the market's resilience and flexibility.
Lifestyle changes, coupled with a growing population of working women in developing Asia-Pacific regions, have heightened interest in DIY interior design, contributing to the increased adoption of DIY home improvement products. The cost-effectiveness of DIY projects, compared to outsourcing to expensive labor, further fuels market growth. Additionally, the expanding popularity of DIY culture, facilitated by the accessibility of a diverse range of products through e-commerce platforms, propels the market forward.
Market drivers include the rising trend of DIY culture, increased interest in home renovation projects, and the convenience offered by e-commerce platforms. Opportunities lie in tapping into the growing customer base, particularly by enhancing awareness of offline DIY home improvement products among the older population in the Asia-Pacific region. As the market evolves, these drivers and opportunities are expected to contribute to sustained growth and expansion.
Asia Pacific DIY Home Improvement Industry Segmentation
Do-it-yourself (DIY) is the act of designing and modifying anything by yourself. Customers could develop eye-catching projects without any professional help.
The Asia-Pacific DIY home improvement market is segmented by product type, distribution channel, and geography. By product type, the market is sub-segmented into lumber and landscape management, décor and indoor garden, kitchen, painting and wallpaper, tools and hardware, building materials, lighting, plumbing and equipment, flooring, repair and replacement, and electrical work. By distribution channel, the market is sub-segmented into DIY home improvement stores, specialty stores, online stores, and other stores. By geography, the market is sub-segmented into Australia, China, India, Japan, New Zealand, South Korea, Indonesia, and the rest of Asia-Pacific.
The report offers market sizes and forecasts in value (USD) for all the above segments.
| By Product Type | |
| Lumber and Landscape Management | |
| Decor and Indoor Garden | |
| Kitchen | |
| Painting and Wallpaper | |
| Tools and Hardware | |
| Building materials | |
| Lightning | |
| Plumbing and Equipment | |
| Flooring, Repair and Replacement | |
| Electrical Work |
| By Distribution Channel | |
| DIY Home Improvement Stores | |
| Specialty Stores | |
| Online | |
| Other Stores |
| By Geography Type | |
| Australia | |
| China | |
| India | |
| Japan | |
| New Zeland | |
| South Korea | |
| Indonesia | |
| Other Countries |
Asia-Pacific DIY Home Improvement Market Size Summary
The Asia-Pacific DIY home improvement market is poised for notable growth over the forecast period, driven by a combination of lifestyle changes and the increasing popularity of DIY culture. The market has demonstrated resilience, particularly during lockdowns, as consumers engaged in home improvement projects to enhance their living spaces. The rise in gardening activities and the growing interest in DIY interior design, especially among working women in developing regions, have contributed to the market's expansion. The cost-effectiveness of DIY projects compared to hiring professional services further supports this trend. The accessibility of a wide range of DIY products through e-commerce platforms has also played a significant role in propelling market growth, making it easier for consumers to undertake home improvement projects.
The shift towards online shopping has transformed the retail landscape, offering consumers the convenience of purchasing DIY products from home or on the go. E-commerce platforms provide a broader selection of goods and often at lower prices, appealing to budget-conscious shoppers. The COVID-19 pandemic accelerated this shift as consumers sought to avoid direct contact. Additionally, the market is witnessing a growing emphasis on environmentally friendly projects, driven by increased awareness and demand for sustainable solutions. The market is semi-consolidated, with major players dominating, but technological advancements and product innovations are allowing mid-size and smaller companies to expand their presence. Recent strategic moves by companies like Wilcon Depot highlight opportunities for market expansion through new distribution channels and product offerings.
Asia-Pacific DIY Home Improvement Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Preference For Offline DIY Stores
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1.3 Market Restraints
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1.3.1 High Cost of Raw Materials
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1.4 Value Chain/Supply Chain Analysis
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1.5 Insights into Latest Technologies Used in the Industry
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Buyers
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1.6.2 Bargaining Power of Suppliers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Lumber and Landscape Management
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2.1.2 Decor and Indoor Garden
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2.1.3 Kitchen
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2.1.4 Painting and Wallpaper
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2.1.5 Tools and Hardware
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2.1.6 Building materials
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2.1.7 Lightning
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2.1.8 Plumbing and Equipment
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2.1.9 Flooring, Repair and Replacement
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2.1.10 Electrical Work
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2.2 By Distribution Channel
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2.2.1 DIY Home Improvement Stores
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2.2.2 Specialty Stores
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2.2.3 Online
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2.2.4 Other Stores
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2.3 By Geography Type
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2.3.1 Australia
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2.3.2 China
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2.3.3 India
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2.3.4 Japan
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2.3.5 New Zeland
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2.3.6 South Korea
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2.3.7 Indonesia
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2.3.8 Other Countries
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Asia-Pacific DIY Home Improvement Market Size FAQs
How big is the Asia-Pacific DIY Home Improvement Market?
The Asia-Pacific DIY Home Improvement Market size is expected to reach USD 87.92 billion in 2024 and grow at a CAGR of less than 5% to reach USD 91.49 billion by 2029.
What is the current Asia-Pacific DIY Home Improvement Market size?
In 2024, the Asia-Pacific DIY Home Improvement Market size is expected to reach USD 87.92 billion.
