DIY & Hardware Store - Australia & Oceania

Australia & Oceania

In Australia & Oceania, the DIY & Hardware Store market generated a revenue of US$37.09bn in 2024.
It is projected to experience an annual growth rate of 1.76% (CAGR 2024-2029).
When compared to other countries worldwide, in China leads the pack with a revenue of US$785bn in 2024.
In terms of per capita revenue, individuals in Australia & Oceania generated US$854.00 in 2024.
Australia & Oceania's DIY & Hardware Store market is booming, as Australians embrace the trend of home improvement and DIY projects.

Key regions: Worldwide, China, United States, India, Japan

Definition:

The DIY (Do-It-Yourself) market refers to the retail market for products used in home improvement and repair projects, such as tools, hardware, building materials, and lawn and garden products. These products are marketed to consumers who want to perform home improvement projects on their own rather than hire a professional. The DIY market provides consumers with the materials and tools they need to complete projects ranging from simple repairs to complete renovations, allowing them to save money and express their creativity in their living spaces.

Structure:

The market is divided into seven different segments:

The Paint, Wallpaper & Supplies segment includes products used for interior and exterior decoration, renovation, and protection of residential buildings.
The Tools & Machines segment consist of products used for construction, maintenance, and repair tasks.
The Hardware & Building Materials segment includes a diverse range of products that play an important role in the structure, safety, and functionality of a building.
The Lawn & Garden segment encompasses products that help homeowners and landscapers to create and maintain attractive and functional outdoor living spaces.
The Heating & Cooling segment focuses on produts that help regulate indoor temperatures, ensuring comfort, energy efficiency, and air quality in homes.
The Bathroom Hardware segment includes products designed to enhance the functionality and appearance of bathrooms.
The Floor Covering segment encompasses products that serve to protect the floor, enhance the appearance of the room, provide insulation and comfort, and can add value to a property.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The DIY & Hardware Store Market in Australia & Oceania is experiencing minimal growth, due to factors such as increasing competition, shifting consumer preferences, and the impact of the pandemic on construction and renovation projects. Despite this, the market remains stable thanks to the demand for essential home improvement supplies, and the availability of online shopping options. The floor covering, paint, and tools & machines sub-markets are expected to see the most growth, driven by the rise in DIY projects and home renovations. However, the overall market growth rate is being tempered by a decline in demand for bathroom hardware and heating & cooling products.

Customer preferences: As more people are embracing sustainable living practices, there has been a rise in the demand for eco-friendly and energy-efficient products in the DIY & Hardware Store Market. This trend is driven by a growing awareness of the environmental impact of traditional household products and a desire for more sustainable alternatives. Additionally, there is a growing interest in DIY projects that focus on upcycling and repurposing materials, reflecting a shift towards more mindful and resourceful consumption.

Trends in the market: In Australia & Oceania, the DIY & Hardware Store Market has seen a trend towards online shopping, with more consumers turning to e-commerce platforms for their DIY needs. This shift is driven by convenience and a desire for contactless shopping during the pandemic. As a result, traditional brick-and-mortar stores are investing in their online presence and offering delivery options to stay competitive. This trend is expected to continue, with online sales projected to grow at a faster rate than physical stores. Additionally, there is a rising demand for eco-friendly and sustainable products in the DIY industry, as more consumers prioritize environmentally responsible practices. This presents an opportunity for retailers to stock and promote sustainable products to appeal to environmentally conscious customers. Industry stakeholders must adapt to these trends and invest in online capabilities and sustainable offerings to remain relevant and competitive in the DIY & Hardware Store Market.

Local special circumstances: In Australia & Oceania, the DIY & Hardware Store Market is heavily influenced by the region's vast and diverse landscape, leading to varying consumer needs and preferences. For instance, the demand for outdoor and landscaping equipment is higher in countries like Australia and New Zealand, where homeowners often have large gardens and outdoor spaces. Additionally, the region's strict environmental regulations have resulted in a growing trend towards sustainable and eco-friendly products. This has led to an increase in demand for green building materials and energy-efficient home improvement solutions. Finally, the region's strong DIY culture and preference for home improvement projects has fueled the growth of online tutorials, workshops, and community-based DIY platforms.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Australia & Oceania is impacted by several macroeconomic factors, including global economic trends, national economic health, and fiscal policies. The overall performance of the market is influenced by the economic stability of the region, as well as the level of consumer confidence and spending. Additionally, government initiatives and policies, such as tax incentives for home renovations and construction, can also impact the demand for DIY and hardware products. The current economic trends in the region, including growth in the construction industry and increasing interest in renovation projects, are expected to drive market growth. However, fluctuations in currency exchange rates and international trade policies could present challenges for businesses in the DIY & Hardware Store Market in Australia & Oceania.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.