According to a recent report from Global Industry Analysts, Inc. (GIA), the global market for Do-It-Yourself (DIY) and home improvement products is expected to maintain steady growth over the next few years primarily driven by factors such as the rise of the Do-It-Yourself (DIY) culture, widespread availability of easy-to-install/use products and increase in recession induced cautious spending habits of financially strained customers.
DIY, a multibillion-dollar industry has been experiencing steady growth over the last few years. Growing popularity of DIY concept can be put to perspective by the rapidly increasing number of products and services, including books, websites, television programs, tools and accessories that are being designed and served especially for DIY tasks. Widespread availability of easy-to-use products for home repair, crafts and decorations and gardening activities also augurs well for the market.
Home improvement segment continues to be one of the major end-use markets for DIY solutions, contributing a significant share in the market’s revenues. Media, especially television has been playing a major role in developing DIY consumer base by telecasting shows on home remodelling and repairs. Market for DIY solutions in the home improvement segment got a major boost during the recent economic recession as cost-wary individuals preferred spending their leisure time at home doing household chores to spare overhead spending, thus increasing their use of DIY tools.
Consumers’ focus on renovating their home for enhancing the aesthetic value of the property and sustain its commercial value for a longer period of time will continue to benefit DIY market in this segment. Besides home improvement, the automotive and landscaping markets also generate considerable demand for DIY solutions. Factors such as growth in number of vehicles plying on roads, increase in average life of vehicles, and subsequent wear and tear of parts and accessories will continue to fuel demand for Do-it-Yourself (DIY) solutions in this segment, including those used for repairing and maintaining automotive electronic components. Lawn and garden improvement also presents growth opportunities for DIY hardware.
The research report titled “DIY Industry: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include US, Canada, Europe (France, Germany, Turkey, and the UK), Asia-Pacific (Japan, and India) Latin America and Israel. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Do_It_Yourself_DIY_Industry_Market_Report.asp
Resource: PRWeb, Global Industry Analysts, Inc
Whether you're a hobbyist, crafter, painter, organizational goddess, antique dealer, junk aficionado, or simply need to beautify your living space, Tomboy Tools has you covered. There are many ways to engage with us. Whether you prefer a more relaxed, social environment or more hands on, Tomboy Tools has a variety of options to suit your style. Share your fun projects, tips, ideas and resources with us!
Interesting how the DIY home improvement market is ever expanding in this shrinking economy, although it makes sense as people are turning to lower budget projects to save money.
ReplyDelete-Kyle @ DIY Home Improvement