Global DIY Tools Market - Size, Growth, Trends, and Forecast to 2019-2026
DIY home improvement stands as a key segment of the DIY market, and it accounts for the largest share of the global DIY market. Home improvement involves renovating or remodeling one’s home. Although the practice of DIY is quite common in the Western regions, the market is slowly picking up in the emerging regions such as APAC and MEA. In Europe, DIY is widely practiced across the region. In countries like Germany and France, people are quite confident in engaging in DIY projects, enjoying it as a hobby.
The exponential increase in the presence of retail stores such as hypermarkets, supermarkets, and specialty stores offering different DIY products, is the key driver responsible for the growth of the DIY tools market. The growing number of stores have compelled retailers to constantly come up with new ideas and innovative products for better user engagement. For instance, Home Depot offers various DIY projects and ideas allowing customers to perform DIY tasks by watching videos easily. It also offers suggestions on the type of tools that can be used to perform these activities.
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At present, the DIY tools market is highly fragmented due to the presence of both major and private players. Due to this competition, manufacturers are focusing on innovations to meet the varying buying trend of the consumer. The key factors intensifying this competition are low product differentiation and long product replacement cycles. As a result, pricing, distribution network, and brand recognition are of crucial importance to the manufacturers. With multiple product launches, price wars, and mergers and acquisitions the competition is expected to intensify over the forecast period.
The global DIY Tools market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the DIY Tools market based on company, product type, end user and key regions.
This report studies the global market size of DIY Tools in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of DIY Tools in these regions.
This research report categorizes the global DIY Tools market by top players/brands, region, type and end user. This report also studies the global DIY Tools market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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The study objectives of this report are:
To analyze global DIY Tools status, future forecast, growth opportunity, key market and key players.
To present the DIY Tools development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of DIY Tools are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Also Read Link : https://spacemarketnow.com/671001/global-diy-tools-market-2019-trendsindustry-analysis-leading-players-future-forecast-by-2025/
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