Revenue in the global DIY & Hardware Store market amounts to US$2,857.00bn in 2023. The market is expected to grow annually by 2.55% (CAGR 2023-2028).
In global comparison, most revenue is generated in China (US$767.20bn in 2023).
In relation to total population figures, per person revenues of US$371.90 are generated in 2023.
*source: Statista
The DIY method is more and more popular nowadays, the reason for this is that people can invest more money in materials for the house since they don't have to pay workers and craftsmen. There are more and more video tutorials and encouraging people to do things themselves, there are many different ideas, hacks, help, ... so it's no wonder that this sector is growing and that it is predicted to grow even more.
With the growth of the sector itself, people start to be interested and compare the prices and qualities of the products, and thus it becomes more competitive.
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