Advent of E-commerce will Drive the Market Growth During the Forecast Period
The DIY home improvement retailing market is expected to register a CAGR of over 4% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Do-It-Yourself Home Improvement Retailing Market 2020-2024 (Graphic: Business Wire)
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Due to the extensive spread of the virus across the globe, the Consumer Discretionary industry is anticipated to have Negative impact. The DIY home improvement retailing market will showcase Negative impact during 2020-2024.
DIY Home Improvement Retailing Market 2020-2024: Segmentation
DIY Home Improvement Retailing Market is segmented as below:
North America was the largest do-it-yourself home improvement retailing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The economic recovery of countries such as the US and Canada, post-recession, increasing rate of urbanization, and rising income levels will significantly influence do-it-yourself home improvement retailing market growth in this region. The US is a key market for do-it-yourself home improvement retailing in North America. However, market growth in this region will be slower than the growth of the market in other regions.
The Consumer Discretionary market is anticipated to have Indirect impact and the DIY home improvement retailing market demand will show Inferior growth. View market snapshot before purchasing
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