Report Description:
The recent
market intelligence report, published by Data Insights Partner on the home
improvement retail market makes an offering of in-depth analysis of and
sub-segments in both the regional and international market. The research also
emphasizes on the impact of drivers, restraints and macro indicators on the
regional and global home improvement retail market over the short as well as
long period of time. The report also includes the benefits and market
opportunities presented in this field. Beside this, a detailed presentation of
forecast, trends, and dollar values of the global market is offered too. In
accordance with the report, the home improvement retail market is projected to expand
at a CAGR of 3.9% over the period of forecast period of 2020-2028.
Market Insights, Drivers, Restraints and Opportunities:
Home improvement
products has become necessities now because of changing preferences and tastes
in products. Home improvement products mainly includes remodelling and
renovating the decorations and layouts of houses and adding new and better
products and making the house more liveable and lifestyle more comfortable. The
improvement might consist of some mere modifications or it can be a complete
reconstruction of the house.
The expanding building and construction
sector is one of the key factors to add fuel to the growth of the home
improvement retail market. Rapid urbanisation and rising world population are
two main factors behind the growth of home improvement retail market. The
changing preferences and tastes and growing awareness over appearance of home
décor are also playing some big role in the expansion of the said market.
Beside this, the increasing disposable income and rising demand for better and
easy, modern lifestyle is also leading the growth of the home improvement
retail market. The new smart technology used in some of the product is also making
the products more attractive and thus making the growth rate of home
improvement retail market higher.
The home improvement retail market has a huge potential. Though it is
expanding very fast day by day, many things are preventing it from using its
full potential. Some of these restraints are–
? High cost of
the raw materials.
? High R&D activities cost.
? High transportation and exportation and import cost.
? High cost of the end product.
? High installation cost and labour cost.
? Time consuming installation procedure of some products.
? Lack of awareness about the availability and benefits of
the home improvement related products in the rural areas of the developing
countries.
During the forecast period, Asia Pacific
followed by North America and Europe are expected to be the fastest-growing home
improvement retail market. The demand for home improvement retail in the Asia
Pacific region is driven by its ever-growing demand
among the population of this region and the increasing foreign investments in
the said market. The rising concerns over better looking homes, better
lifestyles are helping the growth of the said market in this region. The rapid economic growth, increase in per
capita income of individuals and growing population in the said region is expected
to fuel high demand for these products. It is also believed that on the basis
of application, the kitchen and toilet products segment will have the largest
share because of its durability, smart, modern and easy-to-handle technologies and
availability in various types and forms in the forecast period. For its high
demand, low prices, high efficiency and other properties, market for do-it-yourself
home improvement products is also expected to rise significantly in the said
time.
Segmentation of Home Improvement
Retail Market:
This
market intelligence report on the home improvement retail market is segmented
based on product type, product form, service type, application, end usage,
distributional channel and the country/regions.
By Product
Type, the home improvement retail market is divided into–
§ Reconstruction
§ Remodelling and Renovation
§ Others
By Product
form, the home improvement retail market is segmented into–
§
Interior
§
Exterior
§
Others
By Service
Type, the home improvement retail market is divided into–
§
Do-It-Yourself
§
Professional
§
Others
By Application,
the home improvement retail market is divided into–
§ Door Hardware
§ Building Materials
§ Kitchen and Toilet Products
§ Décor and Indoor Garden
§ Painting and Wallpaper
§ Others
By End
Usage, the home improvement retail market is segmented into–
§ Residential
§ Commercial
By Distribution
Channel, the home improvement retail market is segregated into–
§ Hypermarkets and Supermarkets
§ Online
§ Others
By
Regional Outlook, the home improvement retail market is divided into–
§ North America (United States,
Canada)
§ Latin America (Brazil, Mexico,
Argentina and other countries)
§ Europe (United Kingdom, France,
Germany, Spain, Italy, Russia, Turkey, Netherlands and other countries)
§ Asia Pacific (Japan, China, India,
South Korea, Singapore, Indonesia, Thailand, Malaysia, Australia, New Zealand
and other countries)
§ Middle East and Africa (GCC,
South Africa, Israel, Arabia, Egypt and other countries)
Profiling of Market Players:
This
business intelligence report offers profiling of reputed companies that are
operating in the market. Companies such as
§ Amazon
§ Adeo
§ Lowe’s
§ McCoy Corporation
§ Menard Inc.
§ Home Depot Product Authority
§ Walmart
§ Bauvista GmbH & Co. KG
§ Auhaus AG
§ Eurobaustoff Handelsgesellschaft
mbH & Co. KG
§ Travis Perkins Plc
§ Hornbach Baumarkt AG Group
§ Kesko Corp.
§ Intergamma BV
§ Kingfisher Plc
§ OBI Group Holding SE & Co
KGaA
Other players have been profiled into
detail so as to offer a glimpse of the market leaders. Moreover, parameters
such as home improvement retail market related investment and
spending and developments by major players of the market are tracked in this
global report.
Market Competitive
Analysis:
Key
players are adopting strategies such as investing in R&D, new product
launches, expansion in distribution channels to stand out as strong competitors
in the market. Home improvement retail market is a competitive market with the
presence of various global and regional players in the market. The major
players like Amazon, Walmart, Adeo, Lowe’s, Kesko Corp., Auhaus AG, Bauvista GmbH & Co. KG,
Hornbach Baumarkt AG Group, Intergamma BV, Kingfisher Plc, OBI Group Holding SE
& Co. KGaA,, Travis Perkins
Plc etc. are trying to gain the market power in their
hands by producing the products in low costs and thus charging low prices and
using different kind of marketing campaigns.
Report
Highlights:
An in-depth analysis of the micro and
macro indicators, market trends, and forecasts of demand is offered by this
business intelligence report. Furthermore, the report offers a vivid picture of
the factors that are steering and restraining the growth of this market across
all geographical segments. In addition to that, Growth Matrix analysis is also
provided in the report so as to share insight of the investment areas that new
or existing market players can take into consideration. Various analytical
tools such as market data analysis, time series and cross section statistical
data analysis has been used in this report to present a clear picture of the
market. The study focuses on the present market trends and provides market
forecast from the year 2020-2028. Emerging trends that would shape the market
demand in the years to come have been highlighted in this report. A competitive
analysis in each of the geographical segments gives an insight into market share
of the global players.
Salient
Features:
Ø This
study offers comprehensive yet detailed analysis of home
improvement retail market, size of the market
(US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year.
Ø It explains upcoming revenue opportunities across various market
segments and attractive matrix of investment proposition for the said market.
Ø This market intelligence report on home improvement retail market also offers pivotal insights about various market opportunities, restraints,
drivers, launch of new products, competitive market strategies of leading
market players, emerging market trends, and regional outlook.
Ø Profiling of key market players in the market of home
improvement retail is done by taking into account
various parameters such as company strategies, distribution strategies, product
portfolio, financial performance, key developments, geographical presence, and
company overview.
Ø The data of this report would allow management authorities and marketers
of home
improvement retail companies alike to take
informed decision when it comes to launch of products, government initiatives,
marketing tactics and expansion, and technical up gradation.
Ø The research on the world market for home improvement retail caters to the needs of various stakeholders pertaining to this industry,
namely suppliers, manufacturers, investors, and distributors for the market.
The research also caters to the rising needs of consulting and research firms,
financial analysts, and new market entrants.
Ø Research methodologies that have been adopted for the purpose of this
study have been clearly elaborated so as to facilitate better understanding of
the reports.
Ø Reports have been made based on the guidelines as mandated by General
Data Protection Regulation.
Ø Ample number of examples and case studies has been taken into
consideration before coming to a conclusion.
Reasons
to Buy:
v
Identify new growth
opportunities with a deep understanding of strategic business plans and thus
design innovative strategies for sustainable growth.
v
Comprehensive details on micro
and macro factors that will drive or restrain the growth of market players.
v
Analyse and map the behaviours
of the competitors to gain maximum benefits.
v
Deep Sector-Specific
Intelligence.
v
Identify investors who can
invest in your company or identify the companies to invest in by analysing
market opportunities, gains and losses.
v
Identify and attract potential
customers by analysing consumer behaviour for every region.
v
Highlights of the competitive
landscape.