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.
It was observed that during the COVID- 19 crisis, since majority of the offline stores were closed people got access to Home Improvement tools through online delivery.Homeowners can make use of these tools to improve their houses, without any professional workforce. As they had time to spare , they have invested that time in rennovating or remodelling their houses. It was also observed that more than 80% of the people chose DIY Home Improvement as an option during their spare time because of the work from home oppurtunities during the pandemic . This was a driving factor for the rise of DIY Home Improvement Market during the pandemic. The same trend is expected in the coming 3 to 4 years, possibly due to the change in the working pattern of majority of the people in Germany.
As per the technology trends , people want to upgrade their houses making them more energy efficient .The introduction of smart infrastructure with energy conservation solutions will significantly influence industry growth. And this is is the potential reason why people in Germany have shown interest in the smart homes . Also the smart features which include security system and Internet of Things will further substantiate the market growth. In Germany as of 2021 , around 20 % of the people live in smart houses . And more than 30 % of the people expressed interest in customizing their present homes to smart homes . This is a driving factor for the growth of DIY market in the recent times.
OBI, Bauhaus , Hornbach were the most popular DIY Home Improvement stores in Germany . Recently Hagebau Retail has expanding its market and registered a good growth. Almost 29 percent of the population had shopped at OBI. The market is highly consolidated with the major players occupying larger market share
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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.
Key Market Trends
DIY Home Improvement Becoming a Better Option During Spare Time
It was observed that during the COVID- 19 crisis, since majority of the offline stores were closed people got access to Home Improvement tools through online delivery.Homeowners can make use of these tools to improve their houses, without any professional workforce. As they had time to spare , they have invested that time in rennovating or remodelling their houses. It was also observed that more than 80% of the people chose DIY Home Improvement as an option during their spare time because of the work from home oppurtunities during the pandemic . This was a driving factor for the rise of DIY Home Improvement Market during the pandemic. The same trend is expected in the coming 3 to 4 years, possibly due to the change in the working pattern of majority of the people in Germany.
Increased Demand for Smart Homes
As per the technology trends , people want to upgrade their houses making them more energy efficient .The introduction of smart infrastructure with energy conservation solutions will significantly influence industry growth. And this is is the potential reason why people in Germany have shown interest in the smart homes . Also the smart features which include security system and Internet of Things will further substantiate the market growth. In Germany as of 2021 , around 20 % of the people live in smart houses . And more than 30 % of the people expressed interest in customizing their present homes to smart homes . This is a driving factor for the growth of DIY market in the recent times.
Competitive Landscape
OBI, Bauhaus , Hornbach were the most popular DIY Home Improvement stores in Germany . Recently Hagebau Retail has expanding its market and registered a good growth. Almost 29 percent of the population had shopped at OBI. The market is highly consolidated with the major players occupying larger market share
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- OBI
- Bauhaus
- Hornbach
- Hagebau Retail
- Rewe
- Toom Baumarkt
- Globus
- Hellweg Baumarkt
- Dehner Gartencenter
- Hammer
- Harrys Fliesenmarket*
Methodology
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