Key Takeaways
- The global DIY home improvement market was valued at $824 billion in 2022 and is projected to reach $1,045 billion by 2030, growing at a CAGR of 3.1%.
- In the US, DIY retail sales reached $512 billion in 2023, accounting for 28% of total home improvement spending.
- Europe's DIY market grew by 4.2% in 2023 to €178 billion, driven by post-pandemic renovations.
- 45% of US adults participated in DIY projects weekly in 2023.
- Globally, 62% of homeowners engaged in DIY in 2023, up 10% from 2020.
- Millennials (25-40) represent 38% of DIY participants in the US.
- Average US household spent $1,200 on DIY in 2023.
- Global average DIY spend per capita $150 in 2023.
- UK DIY expenditure averaged £850 per household in 2023.
- Kitchen remodels top US DIY projects at 24% popularity 2023.
- Gardening ranked #1 globally, 35% of DIYers participated 2023.
- Wall painting 2nd most common, 29% US households 2023.
- Power drill ownership 68% US DIYers 2023.
- Cordless tools 55% market share globally 2023.
- Screwdriver sets top hand tool at 42% ownership Europe.
The DIY market is booming globally with steady growth and strong consumer participation.
Consumer Participation
Consumer Participation Interpretation
Future Projections
Future Projections Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Popular DIY Projects
Popular DIY Projects Interpretation
Spending Patterns
Spending Patterns Interpretation
Tools and Equipment
Tools and Equipment Interpretation
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