Market Size of Germany DIY Home Improvement Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Germany DIY Home Improvement Market Analysis
Despite the COVID - 19 impact , Germnay DIY Home Improvement Market has done well in terms of growth and revenue generated since majority of the DIY Home Improvement tasks are inbound . Also the restrictions due to lockdown had a minimal impact on the DIY Home Improvement Market as the majority of the tasks were handled by the customers with the help of the DIY Home Improvement equipment . Also there was an oppurtunity for majority of the people in Germany to upgrade their homes with the help of DIY Home Improvement tools during the lockdown and this acted as a significant factor the rise in the growth of DIY Home Improvement Market in Germany.
DIY Home Improvement helps the customers rennovate or upgrade their houses with minimal professional workforce . Also this helps customers to customize their houses as per the latest trends . Also this helps them save their money by eliminating the involvement of a contractor.
The major activities in DIY Home Improvement includes gardening activities , painting and coating etc . Also Interior Designing is the major component which falls under hte bracket of DIY Home Improvement. Shifting preferences of homeowners for energy-efficient and luxurious living spaces are significantly contributing to the industry expansion in most of the regions in Germany. The increasing adoption of smart add-ons in home renovation such as self-regulating dispensers, motion-sensing water faucets, and one-touch feature of chillers. Additionally, effective storage cabinetry, new styles & preferences in appliances, hardwood flooring, backsplash trends, and an efficient connection with the outdoors will further substantiate the market growth of the overall industry in Germany.
Online sales have emerged as the fastest-growing channel for home improvement component. The facility enables online customer support in accessing product information, purchase decisions, price comparison, and real-time tracking especially in the urban areas in Germany.
Germany DIY Home Improvement Industry Segmentation
DIY Home Improvement Market helps the customers rennovate or modify their houses without involvement of any professional help or contractors. Germany DIY Home Improvement Market is Segmented By Product Type (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 (DIY Home Improvement Stores, Specialty Stores, Online, Others).
Product | |
Lumber and Landscape Management | |
Decor and Indoor Garden | |
Kitchen | |
Painting and Wallpaper | |
Tools and Hardware | |
Building Materials | |
Lighting | |
Plumbing | |
Flooring | |
Repair and Replacement | |
Electric Work |
Distribution channel | |
DIY Home Improvement Stores | |
Online | |
Specialty Stores | |
Furniture |
Germany DIY Home Improvement Market Size Summary
The Germany DIY Home Improvement market has demonstrated resilience and growth despite the challenges posed by the COVID-19 pandemic. The nature of DIY tasks, which are primarily conducted by individuals using DIY tools, allowed the market to thrive even during lockdowns. This period provided an opportunity for many Germans to enhance their homes, contributing to the market's expansion. The DIY approach enables homeowners to renovate and customize their living spaces according to contemporary trends while saving costs by reducing reliance on professional contractors. Key activities in this sector include gardening, painting, and interior design, with a growing emphasis on energy-efficient and luxurious living spaces. The adoption of smart home technologies, such as motion-sensing faucets and energy-efficient appliances, is further driving market growth, as homeowners seek to modernize their homes.
The shift towards online sales has become a significant trend, particularly during the pandemic when offline stores were closed. This shift has facilitated easier access to DIY tools and products, allowing homeowners to undertake home improvement projects without professional assistance. The trend of working from home has also contributed to increased DIY activities, as individuals have more time to invest in home renovations. The interest in smart homes, driven by the desire for energy efficiency and advanced security features, is another factor propelling the market. Major players like OBI, Bauhaus, and Hornbach dominate the market, with recent expansions and innovations, such as Hornbach's new logistics center and OBI's innovation hub, indicating a focus on enhancing supply capabilities and production volume.
Germany DIY Home Improvement Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porters 5 Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights on impact of technology and innovation in the Market
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1.7 Impact of COVID - 19
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2. MARKET SEGMENTATION
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2.1 Product
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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 Lighting
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2.1.8 Plumbing
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2.1.9 Flooring
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2.1.10 Repair and Replacement
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2.1.11 Electric Work
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2.2 Distribution channel
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2.2.1 DIY Home Improvement Stores
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2.2.2 Online
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2.2.3 Specialty Stores
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2.2.4 Furniture
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Germany DIY Home Improvement Market Size FAQs
What is the current Germany DIY Home Improvement Market size?
The Germany DIY Home Improvement Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Germany DIY Home Improvement Market?
OBI, Bauhaus, Hornbach, Hagebau Retail and Rewe are the major companies operating in the Germany DIY Home Improvement Market.