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Sweden DIY Home Improvement Market Size (2024 - 2029)

The Sweden DIY Home Improvement Market is experiencing notable expansion, driven by a robust DIY culture where individuals take pride in personal home enhancements. This cultural inclination has led to the proliferation of retail outlets catering to DIY enthusiasts, offering a diverse array of products and tools that facilitate home improvement projects. The market's growth is further fueled by a rising interest in sustainable and eco-friendly solutions, with many stores providing environmentally friendly options. Additionally, the increasing popularity of smart kitchens and efficient storage solutions reflects changing consumer preferences, while economic factors such as high mortgage rates and new house costs are influencing millennial spending on home improvements.

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Market Size of Sweden DIY Home Improvement Industry

Sweden DIY Home Improvement Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 14.88 Billion
Market Size (2029) USD 18.69 Billion
CAGR (2024 - 2029) 4.67 %
Market Concentration Low

Major Players

Sweden DIY Home Improvement Market Major Players

*Disclaimer: Major Players sorted in no particular order

Sweden DIY Home Improvement Market Analysis

The Sweden DIY Home Improvement Market size is estimated at USD 14.88 billion in 2024, and is expected to reach USD 18.69 billion by 2029, growing at a CAGR of 4.67% during the forecast period (2024-2029).

In recent years, there is a significant growth in the Swedish DIY market. People in Sweden includes a strong DIY culture and take pride in improving their homes themselves. It led to the establishment of numerous retail stores that cater to the needs of DIY enthusiasts. The availability of a wide range of DIY products and tools made it easier for people to undertake home improvement projects.

The rising interest influenced the DIY market in Sweden in sustainable and eco-friendly solutions. Many DIY stores now offer environmentally friendly products to meet the demand. In Sweden, the growing popularity of smart kitchens in home renovations is due to rising demand for simple add-ons like self-regulating dispensers, motion-sensing water faucets, and chillers with a one-touch function. Additionally, efficient storage cabinetry, new appliance types and preferences, hardwood flooring, backsplash trends, and an efficient link to the outdoors contribute to the industry's favorable outlook. Soaring mortgage and interest rates and rising new house costs are pushing millennial spending on home improvements.

Sweden DIY Home Improvement Industry Segmentation

The word "do-it-yourself" (DIY) refers to the process of creating, updating, or repairing anything without the help of professionals or specialists. The report includes a comprehensive background analysis of the DIY home improvement market. It also includes a market overview, market size estimation for key segments and emerging trends, market dynamics and insights, and key statistics. The market is segmented by product type, which includes lumber and landscape management, decor and indoor garden, kitchen, painting and wallpaper, tools and hardware, building materials, lighting, plumbing and equipment, flooring, repair and replacement, and electrical work, and by distribution channel including DIY home improvement stores, specialty stores, online, and others. The report offers market size and forecasts for the Swedish DIY home improvement market in terms of revenue (USD) for all the above segments.

By Product Type
Lumber and Landscape management
Decor and Indoor Garden
Kitchen
Painting and Wallpaper
Tools and Hardware
Building Materials
Ligthing
Plumbing and Equipment
Flooring, Repair and Replacement
Electric Work
By Distribution Channel
DIY Home Improvement Stores
Speciality Stores
Online
Others
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Sweden DIY Home Improvement Market Size Summary

The Sweden DIY home improvement market is experiencing notable growth, driven by a strong cultural inclination towards self-improvement and the increasing availability of DIY products and tools. This trend has led to the proliferation of retail stores catering to DIY enthusiasts, making it easier for consumers to access a wide range of home improvement supplies. The market is also witnessing a shift towards sustainable and eco-friendly solutions, with many stores offering environmentally friendly products to meet consumer demand. The popularity of smart kitchens and efficient home solutions, such as self-regulating dispensers and motion-sensing faucets, is further propelling the market. Additionally, factors like rising mortgage rates and the high cost of new homes are encouraging millennials to invest in home improvements, contributing to the market's positive outlook.

The expansion of DIY retail stores across Sweden has significantly increased the accessibility of home improvement products, encouraging more individuals to engage in DIY activities. This growth is supported by the expanding population and urbanization, which are driving demand for residential spaces and, consequently, home improvement projects. The market is characterized by fragmentation, with numerous small and mid-sized companies rapidly expanding their presence to meet the demand for affordable DIY items. Key players are investing in research and development to enhance product offerings and expand market reach. Recent expansions by companies like Bauhaus and IKEA further illustrate the growing market potential, as they open new stores to cater to the increasing consumer base in urban areas.

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Sweden DIY Home Improvement Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Interest in Home Renovation and Personalization

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Expertise and Skills

    4. 1.4 Market Opportunities

      1. 1.4.1 Increasing Popularity of Smart Devices is Creating an Opportunity

    5. 1.5 Value Chain / Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights on Various Regulatory Trends

    8. 1.8 Insights on Impact of Technology and Innovation

    9. 1.9 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Lumber and Landscape management

      2. 2.1.2 Decor and Indoor Garden

      3. 2.1.3 Kitchen

      4. 2.1.4 Painting and Wallpaper

      5. 2.1.5 Tools and Hardware

      6. 2.1.6 Building Materials

      7. 2.1.7 Ligthing

      8. 2.1.8 Plumbing and Equipment

      9. 2.1.9 Flooring, Repair and Replacement

      10. 2.1.10 Electric Work

    2. 2.2 By Distribution Channel

      1. 2.2.1 DIY Home Improvement Stores

      2. 2.2.2 Speciality Stores

      3. 2.2.3 Online

      4. 2.2.4 Others

Sweden DIY Home Improvement Market Size FAQs

The Sweden DIY Home Improvement Market size is expected to reach USD 14.88 billion in 2024 and grow at a CAGR of 4.67% to reach USD 18.69 billion by 2029.

In 2024, the Sweden DIY Home Improvement Market size is expected to reach USD 14.88 billion.

Sweden DIY Home Improvement Market Report Snapshots

Sweden DIY Home Improvement Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)