DIY Home Improvement Retailing Market- Actionable Research on COVID-19 |Technavio

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)

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on DIY home improvement retailing market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.

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:

  • Product

  • Geographic Landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

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

Greater emphasis on

What is the government home improvement scheme and how does it work?

1 October 2020, 13:42

The home improvements scheme is open for applications
The home improvements scheme is open for applications.

Getty Images

What is the government’s green voucher scheme 2020 and how can I apply? Find out everything…

The Green Homes Grant scheme is now open for homeowners in England to make energy-efficient improvements to their houses.

Outlined back in July, the voucher plan sees the government pay two-thirds of the cost of any green updates to the value of £5,000 per household.

This can include insulation, double glazing and heat pumps, but doesn’t cover gas boilers.

So, here’s everything you need to know about the green home improvement scheme…

Rishi Sunak announced the Green Homes Grant
Rishi Sunak announced the Green Homes Grant.

PA Images

What is the Green Homes Grant?

The Green Homes Grant scheme will provide £2bn for home improvement projects as part of a wider £3bn government plan to cut carbon emissions.

This will see vouchers handed out to homeowners which can be used towards making specific energy-efficient improvements to homes.

You need to install at least one primary improvement to be eligible for the Green Homes Grant which include:

– Insulation, including solid wall, cavity wall, underfloor, loft or roof insulation

– Low-carbon heating, such as air-source or ground-source heat pumps, or solar thermal systems, which provide renewable ways of heating your home

You can then get up to the same amount for secondary improvements which include:

– Draught-proofing

– Double or triple glazing, or secondary glazing

– Energy efficient doors, where you’re replacing single-glazed or solid doors installed before 2002

– Heating controls and insulation

Gas boilers are not covered by the scheme.

You can only receive funding for secondary improvements up to the amount of funding you get for the primary measures.

So if you receive £2,000 towards cavity wall insulation, you can only receive a

Home Improvement Products Market In-Depth Analysis including key players Home Depot, LoweaEUR(TM)s, Inside Tweedy and Popp Hardware

The MarketWatch News Department was not involved in the creation of this content.

Sep 22, 2020 (Market Insight Reports) —

JCMR Recently announced Global Home Improvement Products Market Report is an objective and in-depth study of the current state aimed at the major drivers, market strategies, and key players growth. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a universal and local scale. The structured analysis contains graphical as well as a diagrammatic representation of worldwide Home Improvement Products Market with its specific geographical regions including following key players Home Depot, LoweaEUR(TM)s, Inside Tweedy and Popp Hardware, Ace Hardware, Rona, Canadian Tire, Homebase, Wickes, Bauhaus, Bricostore, Praxis, Alibaba, EBay, Amazon, Bunnings Warehouse , .

[Due to the pandemic, we have included a special section on the Impact of COVID 19 on the @ Market which would mention How the Covid-19 is Affecting the Global Home Improvement Products Market


Report Overview:

The Global Home Improvement Products Marketreport comprises a brief introduction of the competitive landscape and geographic segmentation, innovation, future developments, and a list of tables and figures. Competitive landscape analysis provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, and revenue, market share, price, production sites and facilities, SWOT analysis, product launch. The next section focuses on industry trends where market drivers and top market trends are shed light upon. The report offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the Home Improvement Products Industry. This report investigates market-based on its market fragments, chief geologies, and current market patterns.

Geographical Analysis for Global Home Improvement Products Market:


Contractors busy with home improvement work | Local News

Business is booming for local home improvement companies and contractors as the pandemic leads prospective customers to spend more time at home and spend less money on vacations. 

Paul Warren, who lives on Burningtree Mountain in Decatur, hired ESS Concrete and Design of Decatur to create a larger patio and make a walkway from his driveway this summer.

“It was a project we wanted to have done, and it probably would have been done in the fall,” Warren said. “But because of the pandemic, it sped things up.”

Zac Lott, owner of ESS, said his business picked up substantially two or three weeks after the coronavirus shutdown was ordered in mid-March. He said his work is up 25% because of the pandemic.

“Money is good right now,” he said. “People were going to work, but some are now home all day and are spending their stimulus checks. … The number of high-dollar projects is up.”

He said referrals from other contractors are up, too.

“People are wanting extra parking at their houses so jobs for driveway extensions and patios are up. I’ve even done some work for doomsday preppers,” he said, referring to people preparing for a cataclysmic event. “People have the money and are spending it.”

Industry experts said some homeowners spent money budgeted for family vacations on home improvement projects. Lowe’s Home Improvement Inc. reported a 35.1% increase in U.S. sales in the second quarter of this year compared to the same quarter in 2019. 

Houzz, an online home remodeling website, said it saw a 58% increase in project leads in June compared to a year earlier. 

Emily Long, city spokeswoman, said the Decatur building department issued 928 residential improvement permits from May through August, 31 more than the same period in 2019. 

Wayne Patterson, owner of Smith

Home Improvement Financing Firm PowerPay Partners with FinMkt

PowerPay, a provider of home improvement financing, and FinMkt, a SaaS provider of point of sale consumer finance technology, have announced a new partnership. According to FinMkt, the agreement will enable it to expand its product offering to include staged funding, 10 and 15-year terms, and loan amounts up to $100,000.

FinMkt’s platform allows homeowners to complete one application with the ability to receive and review financing offers. By partnering with multiple lenders like PowerPay, FinMkt’s platform allows homeowners to qualify for financing.

Mike Petrakis, PowerPay’s CEO, said that FinMkt’s team and tech are the best in the industry:

“We are very excited to offer PowerPay’s advanced loan products for home improvement financing via the FinFi platform so that we may reach a broader range of borrowers.”

FinMkt states that COVID has accelerated the demand for home renovations and repairs. FinMkt has adapted its technology in response to changes in the marketplace to expand product offerings. FinMkt’s partnership with PowerPay is one of many enhancements FinMkt will be making to its home improvement financing platform.

Luan Cox, FinMkt’s CEO and co-founder, said:

“In order to stay competitive, you need to be able to offer you customers financing that requires minimal effort to apply and delivers real time results. We are proud to be teaming up with PowerPay to provide contractors with the technology to grow their business by offering their customers access to the best financing options available by filling out one, online application.”


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