Market Size of Sweden DIY Home Improvement Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 14.88 Billion |
Market Size (2029) | USD 18.69 Billion |
CAGR (2024 - 2029) | 4.67 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Sweden DIY Home Improvement Market Analysis
The Sweden DIY Home Improvement Market size is estimated at USD 14.88 billion in 2024, and is expected to reach USD 18.69 billion by 2029, growing at a CAGR of 4.67% during the forecast period (2024-2029).
In recent years, there is a significant growth in the Swedish DIY market. People in Sweden includes a strong DIY culture and take pride in improving their homes themselves. It led to the establishment of numerous retail stores that cater to the needs of DIY enthusiasts. The availability of a wide range of DIY products and tools made it easier for people to undertake home improvement projects.
The rising interest influenced the DIY market in Sweden in sustainable and eco-friendly solutions. Many DIY stores now offer environmentally friendly products to meet the demand. In Sweden, the growing popularity of smart kitchens in home renovations is due to rising demand for simple add-ons like self-regulating dispensers, motion-sensing water faucets, and chillers with a one-touch function. Additionally, efficient storage cabinetry, new appliance types and preferences, hardwood flooring, backsplash trends, and an efficient link to the outdoors contribute to the industry's favorable outlook. Soaring mortgage and interest rates and rising new house costs are pushing millennial spending on home improvements.
Sweden DIY Home Improvement Industry Segmentation
The word "do-it-yourself" (DIY) refers to the process of creating, updating, or repairing anything without the help of professionals or specialists. The report includes a comprehensive background analysis of the DIY home improvement market. It also includes a market overview, market size estimation for key segments and emerging trends, market dynamics and insights, and key statistics. The market is segmented by product type, which includes lumber and landscape management, decor and indoor garden, kitchen, painting and wallpaper, tools and hardware, building materials, lighting, plumbing and equipment, flooring, repair and replacement, and electrical work, and by distribution channel including DIY home improvement stores, specialty stores, online, and others. The report offers market size and forecasts for the Swedish DIY home improvement market in terms of revenue (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 | |
Ligthing | |
Plumbing and Equipment | |
Flooring, Repair and Replacement | |
Electric Work |
By Distribution Channel | |
DIY Home Improvement Stores | |
Speciality Stores | |
Online | |
Others |
Sweden DIY Home Improvement Market Size Summary
The Sweden DIY home improvement market is experiencing notable growth, driven by a strong cultural inclination towards self-improvement and the increasing availability of DIY products and tools. This trend has led to the proliferation of retail stores catering to DIY enthusiasts, making it easier for consumers to access a wide range of home improvement supplies. The market is also witnessing a shift towards sustainable and eco-friendly solutions, with many stores offering environmentally friendly products to meet consumer demand. The popularity of smart kitchens and efficient home solutions, such as self-regulating dispensers and motion-sensing faucets, is further propelling the market. Additionally, factors like rising mortgage rates and the high cost of new homes are encouraging millennials to invest in home improvements, contributing to the market's positive outlook.
The expansion of DIY retail stores across Sweden has significantly increased the accessibility of home improvement products, encouraging more individuals to engage in DIY activities. This growth is supported by the expanding population and urbanization, which are driving demand for residential spaces and, consequently, home improvement projects. The market is characterized by fragmentation, with numerous small and mid-sized companies rapidly expanding their presence to meet the demand for affordable DIY items. Key players are investing in research and development to enhance product offerings and expand market reach. Recent expansions by companies like Bauhaus and IKEA further illustrate the growing market potential, as they open new stores to cater to the increasing consumer base in urban areas.
Sweden 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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1.2.1 Increasing Interest in Home Renovation and Personalization
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1.3 Market Restraints
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1.3.1 Lack of Expertise and Skills
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1.4 Market Opportunities
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1.4.1 Increasing Popularity of Smart Devices is Creating an Opportunity
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1.5 Value Chain / Supply Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on Various Regulatory Trends
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1.8 Insights on Impact of Technology and Innovation
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1.9 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 Ligthing
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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 Electric 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 Speciality Stores
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2.2.3 Online
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2.2.4 Others
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Sweden DIY Home Improvement Market Size FAQs
How big is the Sweden DIY Home Improvement Market?
The Sweden DIY Home Improvement Market size is expected to reach USD 14.88 billion in 2024 and grow at a CAGR of 4.67% to reach USD 18.69 billion by 2029.
What is the current Sweden DIY Home Improvement Market size?
In 2024, the Sweden DIY Home Improvement Market size is expected to reach USD 14.88 billion.