Portland, OR -- (SBWire) -- 05/25/2018 --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. In the UK, DIY activities are considered more of routine tasks than hobbies. The economic recession of 2008-2009 had an impact on the sales of the DIY market as customer confidence remained low causing customers to postpone their home improvement projects. However, as the economy is recovering gradually, customers are likely to spend more on home improvement and thus drive demand in the DIY market.
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Covered in this report
The report covers the present scenario and the growth prospects of the global DIY tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of DIY tools globally.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Global DIY Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- Makita
- Robert Bosch
- Stanley Black & Decker
- Techtronic
Other prominent vendors
- Atlas Copco
- Baier
- Casal Power Tools
- Craftsman
- Hitachi Koki
- Husqvarna
- IRWIN TOOLS
- Klein
- Snap-on
Market driver
- Growing home improvement and renovation and confidence in home renovation industry
- For a full, detailed list, view our report
Market challenge
- Stiff competition in the market in terms of pricing and product differentiation
- For a full, detailed list, view our report
Market trend
- Focus on customization and ergonomic design leading to better functionality
- For a full, detailed list, view our report
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Global DIY Tools Market Trends,Size,Status and Forecast 2021
A brief overview of Global DIY Tools Market, is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography