DIY & Hardware Store - Cambodia | Statista Market Forecast

In Cambodia, the revenue generated in the DIY & Hardware Store market in 2024 amounts to US$2.81bn.
It is projected to experience an annual growth rate of 2.57% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market segment, reaching US$785bn in 2024.
In terms of per capita figures, each person in Cambodia generates revenues of US$163.90 in 2024.
Cambodia's DIY & hardware store market is experiencing a surge in demand due to the country's growing construction industry.

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.

Tools such as power tools and hand tools
Hardware such as products related to safety and security
Lawn & Garden such as gardening tools and plant supplies
Heating & Cooling systems such as air conditioners and heaters
Bathroom fixtures such as toilets, faucets, and sinks
Floor Coverings such as parquet panels

Electrical supplies such as power inlets and extension cords
Household appliances such as refrigerators and dishwashers
Hardware services such as preventitive maintenance contracts
Professsional contruction machinery such as cement mixers
Air treatment devices such as purifiers and humidifiers

The DIY & Hardware Store market in Cambodia is currently experiencing sluggish growth, with several factors contributing to this trend. These include the limited consumer spending power in the country, the high costs associated with importing hardware and building materials, and the lack of awareness and education about DIY projects among the general population. Additionally, the market is highly competitive, with various local and international players vying for a share of the market. Despite these challenges, there is potential for growth in the long term, with the increasing focus on home improvement and the availability of affordable DIY products.

Customer preferences: As Cambodia's economy continues to grow and its middle class expands, there has been a noticeable shift in consumer preferences in the DIY & Hardware Store Market. Customers are increasingly opting for high-quality, sustainable products and are more conscious of environmental impact. This trend is driven by a growing awareness of global issues such as climate change and a desire for more eco-friendly options. Additionally, there is a growing demand for DIY products and home improvement tools as more Cambodians are investing in their homes and becoming interested in DIY projects.

Trends in the market: In Cambodia, the DIY & Hardware Store Market is experiencing a shift towards online shopping, as more consumers turn to e-commerce platforms for their home improvement needs. This trend is largely influenced by the country's increasing internet penetration and the convenience of online shopping. Additionally, there is a growing demand for sustainable and eco-friendly products, as consumers become more environmentally conscious. This trend is expected to continue, with industry stakeholders focusing on expanding their online presence and offering environmentally friendly products. This can also lead to potential partnerships between hardware stores and online marketplace platforms to reach a wider customer base.

Local special circumstances: In Cambodia, the DIY & Hardware Store market is heavily influenced by the country's growing construction industry and infrastructure development, which has increased demand for building materials and tools. Additionally, the country's rapidly expanding urban population has created a need for home improvement and renovation products. Furthermore, with the rise of e-commerce and online shopping, DIY & hardware stores have adapted to offer online ordering and delivery services, catering to the busy lifestyles of Cambodian consumers. These unique local factors have greatly influenced the market dynamics, making it a growing and competitive sector in the country's retail industry.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Cambodia is heavily influenced by macroeconomic factors, including the country's overall economic health and global economic trends. Additionally, fiscal policies and relevant financial indicators play a significant role in shaping market performance. As Cambodia continues to experience steady economic growth and an increase in foreign investment, the DIY & Hardware Store Market is expected to expand as well. Furthermore, the Cambodian government's focus on infrastructure development and increasing consumer spending power present favorable conditions for the growth of this market.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Building and renovating homes involves general contractors and subcontractors who build new homes and remodel existing homes. Home renovation projects also encompass the remodeling of external structures such as gardens, garages, and lawns. The total U.S. home improvement expenditure amounted to 566 billion U.S. dollars in 2022. Homeowners undertake home improvement to make residential properties more comfortable, upgrade air conditioning and heating systems, waterproof roofs and basements, soundproof rooms, and to extend their homes and boost energy savings.