Summary
- • The global DIY market size was valued at USD 848.18 billion in 2022
- • The DIY market is expected to grow at a CAGR of 4.8% from 2023 to 2030
- • In 2022, 76% of homeowners in the United States undertook at least one home improvement project
- • The average DIY spending per household in the US was $3,342 in 2021
- • Millennials account for 38% of home improvement product purchases
- • The global power tools market size was valued at USD 32.2 billion in 2021
- • Online sales of DIY products grew by 27% in 2020
- • 54% of DIYers use YouTube for project inspiration and guidance
- • The global paint and coatings market size was valued at USD 167.04 billion in 2022
- • Home Depot reported net sales of $151.2 billion in fiscal year 2022
- • Lowe's reported net sales of $97.1 billion in fiscal year 2022
- • The global gardening equipment market size was valued at USD 93.3 billion in 2021
- • In 2021, 55% of homeowners used cash from savings to fund their home improvement projects
- • The global hand tools market size was valued at USD 21.3 billion in 2021
- • Pinterest reported that searches for 'DIY home projects' increased by 75% in 2020
Wake up your inner handyman and dive into the world of DIY with a spin of statistics that will hammer home just how much we love our power tools and projects! From a global market worth a jaw-dropping $848.18 billion to 76% of American homeowners wielding hammers, the DIY industry is a powerhouse of creativity and innovation. So grab your toolkit and lets saw through these mesmerizing facts and figures that show just how millennials, online platforms, and a sprinkle of AR are reshaping the way we DIY in the digital age.
Consumer Behavior
- In 2022, 76% of homeowners in the United States undertook at least one home improvement project
- In 2021, 55% of homeowners used cash from savings to fund their home improvement projects
- In 2021, 35% of homeowners reported undertaking DIY projects to save money
- In 2022, 65% of homeowners reported planning to undertake home improvement projects in the next two years
- In 2021, 28% of DIYers reported using rental equipment for their projects
- In 2022, 52% of DIYers reported using energy-efficient products in their projects
- In 2021, 38% of DIYers reported using subscription-based services for tools and materials
- In 2022, 70% of DIYers reported using eco-friendly materials in their projects
- In 2021, 41% of DIYers reported using crowdfunding platforms to finance their projects
- In 2022, 55% of DIYers reported using sustainable practices in their projects
- In 2021, 34% of DIYers reported using peer-to-peer tool sharing platforms
- In 2022, 67% of DIYers reported using recycled or upcycled materials in their projects
Interpretation
In a world where home improvement projects outnumber Netflix binges, it seems DIYers have turned into eco-conscious, penny-pinching wizards of renovation. With stats showing a surge in homeowners wielding tools and recycled materials like superheroes saving the planet one upcycled shelf at a time, the DIY industry is not just about sprucing up living spaces, but also about showcasing a sustainable, community-driven ethos. So, next time you see a neighbor hauling a piece of furniture made from recycled materials, don't just applaud their creativity—give a nod to their savvy budgeting skills and commitment to green living. Who knew DIY could be the ultimate blend of thriftiness and environmental responsibility?
Consumer Spending
- The average DIY spending per household in the US was $3,342 in 2021
Interpretation
In a world where even a simple light bulb change can turn into a full-blown DIY renovation, the average American household's spending of $3,342 on getting crafty is not just a figure; it's a testament to the creativity, determination, and occasionally reckless bravery that propels us to wield power tools and paintbrushes with varying degrees of success. From epic Pinterest fails to stunning Instagram-worthy transformations, our DIY endeavors speak volumes about our willingness to take matters into our own hands (and occasionally regretting it when we end up with more glitter on ourselves than on the project). So here's to the brave souls who dare to dream (and sometimes glue their fingers together in the process) – may your DIY adventures continue to inspire and entertain us all.
Demographics
- Millennials account for 38% of home improvement product purchases
Interpretation
Forget avocado toast—apparently, Millennials are now putting their money into power tools and paint brushes instead. With a whopping 38% stake in the home improvement market, this generation is shaping up to be the ultimate DIY enthusiasts. So, while they might still be mastering the art of adulting, they sure know how to renovate their spaces like pros. Looks like the only thing they can't fix is the outdated stereotype of lazy Millennials!
Digital Trends
- 54% of DIYers use YouTube for project inspiration and guidance
- Pinterest reported that searches for 'DIY home projects' increased by 75% in 2020
- In 2022, 40% of DIYers reported using mobile apps for project planning and execution
- In 2022, 28% of DIYers reported using augmented reality (AR) apps for project visualization
- In 2021, 42% of DIYers reported using social media for project inspiration
- In 2022, 45% of DIYers reported using online tutorials for learning new skills
- In 2022, 62% of DIYers reported using virtual design tools for project planning
- In 2021, 37% of DIYers reported using online forums for project advice and troubleshooting
- In 2021, 29% of DIYers reported using virtual reality (VR) for project visualization
- In 2022, 53% of DIYers reported using online calculators for project cost estimation
- In 2021, 43% of DIYers reported using project management apps for organizing their work
Interpretation
In an era where DIY reigns supreme, it seems like even the humble hammer and nails have gone high-tech. With DIYers now turning to YouTube, Pinterest, mobile apps, augmented reality, social media, online tutorials, virtual design tools, online forums, virtual reality, online calculators, and project management apps for every aspect of their projects, it appears that the DIY landscape has evolved into a digital playground. Who knew that crafting a coffee table or painting a wall could require a virtual reality headset and a smartphone loaded with apps? Whether it's finding inspiration, learning new skills, visualizing the end result, or estimating costs, DIYers are proving that when it comes to turning their homes into masterpieces, there truly is an app for that.
E-commerce
- Online sales of DIY products grew by 27% in 2020
- In 2021, 45% of DIYers reported using mobile payment methods for purchasing materials
- In 2022, 58% of DIYers reported using online marketplaces to sell or buy used tools and materials
- In 2022, 59% of DIYers reported using online reviews to guide their tool and material purchases
Interpretation
The DIY industry is not just about hammering and sawing anymore; it’s gone digital. With online sales skyrocketing by 27% in 2020, DIYers are truly embracing the power of e-commerce. From mobile payments becoming the norm in 2021 to an impressive 58% of them turning to online marketplaces in 2022 for their tool-swapping needs, it’s clear that the DIY community is not afraid to innovate and adapt. And let’s not forget the power of online reviews, with 59% of DIYers placing their trust in virtual feedback to steer them towards the best tools and materials. Looks like DIY enthusiasts are not only handy with their tools but also savvy with their internet surfing skills!
Market Growth
- The DIY market is expected to grow at a CAGR of 4.8% from 2023 to 2030
Interpretation
As the DIY industry continues to hand the reins of home improvement and maintenance back to the capable hands of everyday individuals, the forecasted 4.8% compound annual growth rate from 2023 to 2030 suggests a future where not only will we be hammering, sawing, and painting our way to domestic bliss, but doing so with increased gusto and skill. So, brace your tool belts and ready your paint brushes, for the DIY revolution is on a steady upward trajectory, where the only limit to what we can achieve is the size of our imagination and the strength of our resolve.
Market Size
- The global DIY market size was valued at USD 848.18 billion in 2022
Interpretation
In a world where we are constantly encouraged to "do it yourself," it seems that DIY enthusiasts are not just hammering and painting for fun - they're also driving a multi-billion dollar industry. With a global DIY market valued at a staggering USD 848.18 billion in 2022, it's clear that the urge to take matters into our own hands extends far beyond a simple weekend project. From home renovations to crafty creations, it seems like the DIY spirit is not just alive and well - it's also lining pockets and painting profits for businesses around the world. So the next time you reach for that power tool or pick up a paintbrush, remember that you're not just DIY-ing for fun - you might just be contributing to a booming economic force.
Materials
- The global paint and coatings market size was valued at USD 167.04 billion in 2022
- The global wood and laminate flooring market size was valued at USD 85.7 billion in 2022
- The global adhesives and sealants market size was valued at USD 63.5 billion in 2022
- The global green building materials market size was valued at USD 256.5 billion in 2021
- The global wallpaper market size was valued at USD 2.85 billion in 2022
- The global ceramic tiles market size was valued at USD 207.7 billion in 2021
- The global interior doors market size was valued at USD 55.7 billion in 2021
- The global roofing materials market size was valued at USD 88.85 billion in 2022
- The global decorative concrete market size was valued at USD 15.9 billion in 2022
- The global insulation materials market size was valued at USD 67.7 billion in 2022
- The global drywall and gypsum board market size was valued at USD 51.1 billion in 2022
Interpretation
The overwhelming global market sizes of various DIY industries in 2021 and 2022 suggest that while some people might say love makes the world go round, it seems like paint, flooring, adhesives, and even wallpaper are the real drivers of our economy. From ceramic tiles to insulation materials, the numbers paint a vivid picture of a world where everyone is either renovating, redecorating, or rebuilding. So, next time you're feeling blue, just remember, there's a multi-billion dollar industry out there ready to give your walls a fresh coat of paint and your floors a new lease on life.
Retail
- Home Depot reported net sales of $151.2 billion in fiscal year 2022
- Lowe's reported net sales of $97.1 billion in fiscal year 2022
Interpretation
In a battle of the titans in the DIY industry, Home Depot stands tall with a whopping $151.2 billion in net sales in fiscal year 2022, leaving rival Lowe's in its hardware dust with $97.1 billion. It seems that when it comes to home improvement, customers are flocking to Home Depot like eager bees to a flower bed, while Lowe's may need to roll up its sleeves and hammer out a stronger strategy to compete. Whether it's the allure of better deals or simply the charm of those orange aprons, one thing's for sure – in the DIY kingdom, Home Depot reigns supreme.
Smart Home
- The global smart home market size was valued at USD 79.13 billion in 2022
- In 2021, 32% of DIYers reported using voice-activated assistants for project-related tasks
- The global smart lighting market size was valued at USD 11.7 billion in 2022
- The global smart thermostat market size was valued at USD 2.5 billion in 2022
- The global smart lock market size was valued at USD 2.3 billion in 2022
- The global smart speaker market size was valued at USD 12.1 billion in 2022
- The global smart doorbell market size was valued at USD 2.9 billion in 2022
- The global smart irrigation market size was valued at USD 1.5 billion in 2022
- In 2022, 48% of DIYers reported using smart home devices in their projects
- The global smart smoke detector market size was valued at USD 1.5 billion in 2022
- The global smart water management market size was valued at USD 15.6 billion in 2022
Interpretation
As the DIY industry continues to embrace smart technology like a particularly enthusiastic handyman clutching a shiny new power tool, the statistics paint a picture of a world where even our humble dwellings are getting smarter by the minute. With voice-activated assistants becoming the new best friend of one-third of DIYers and smart home devices infiltrating nearly half of DIY projects, it seems our homes are not just getting a fresh coat of paint but also a digital upgrade. From smart lighting to intelligent irrigation systems, our abodes are morphing into tech-savvy sanctuaries where even the smoke detector is up to date with the latest gadgetry. So, grab your toolkit and your smartphone, because in this brave new DIY world, it's not just about building, but about building smart.
Tools and Equipment
- The global power tools market size was valued at USD 32.2 billion in 2021
- The global gardening equipment market size was valued at USD 93.3 billion in 2021
- The global hand tools market size was valued at USD 21.3 billion in 2021
- The global 3D printing market in construction was valued at USD 7.1 billion in 2022
- The global power drill market size was valued at USD 7.2 billion in 2021
- The global outdoor power equipment market size was valued at USD 28.8 billion in 2022
- In 2021, 33% of DIYers reported using 3D printing for custom parts or decorations
- The global power saw market size was valued at USD 8.5 billion in 2021
- The global circular saw market size was valued at USD 4.8 billion in 2021
- The global power tools accessories market size was valued at USD 9.7 billion in 2021
Interpretation
The DIY industry is not just hammering away in obscurity, it's a global economic powerhouse with the precision of a laser-guided power saw. From custom 3D-printed parts to finely-tuned power drills, the market is wielding billions of dollars in tools and equipment. With a flair for creativity and a nod to innovation, these statistics show that the DIYers of the world are not just fixing things—they are shaping the future of construction and design one power tool at a time. So, whether you're a DIY enthusiast or a seasoned pro, remember: the world is your oyster, just waiting to be powered up and sawed into something extraordinary.