DIY & Hardware Store - Egypt | Statista Market Forecast

In Egypt, the revenue in the DIY & Hardware Store market is projected to reach US$19.62bn in 2024.
It is anticipated that the market will experience an annual growth rate of 3.15% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market segment, with a staggering amount of US$785bn in 2024.
On a per person basis, the revenue generated in Egypt translates to US$171.30 in 2024.
Egypt's DIY & Hardware Store market is experiencing a surge in demand as more Egyptians are investing in home improvement projects.

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 Egypt has a relatively low growth rate due to factors such as intense competition, limited consumer spending, and political instability. However, increasing urbanization and demand for home improvement projects are driving some growth in sub-markets like Tools & Machines and Flooring. The convenience of online shopping and rising consumer awareness may also impact the overall market in the long term.

Customer preferences: With the rising awareness about sustainable living and environmental conservation, consumers in Egypt are increasingly looking for eco-friendly and sustainable options when it comes to home improvement and DIY projects. This shift is fueled by a growing concern for the environment and a desire to reduce carbon footprint. As a result, there is a rising demand for environmentally friendly materials, such as recycled products and energy-efficient tools and equipment, in the DIY & Hardware Store Market. Additionally, the trend of upcycling and repurposing old items for home improvement projects is gaining popularity among consumers, reflecting a shift towards more mindful and resourceful consumption.

Trends in the market: In Egypt, there is a growing trend of online shopping for home improvement and DIY products, as consumers seek more convenient and cost-effective options. This trend is expected to continue, with the rise of e-commerce and the increasing penetration of smartphones. With the recent economic challenges in the country, consumers are also looking for budget-friendly options, driving the demand for affordable and DIY solutions. This presents significant opportunities for industry players to expand their online presence and offer a wider range of products to cater to the evolving needs of consumers. Moreover, the integration of technology such as virtual reality and augmented reality in the DIY & Hardware Store Market market is likely to enhance the overall shopping experience for consumers and drive the growth of the industry. However, this trend also poses a threat to traditional brick-and-mortar stores, which may struggle to keep up with the competition. To stay competitive, these stores will need to adapt and integrate digital solutions to meet the changing consumer preferences and expectations.

Local special circumstances: In Egypt, the DIY & Hardware Store Market is heavily influenced by the country's geographical location in North Africa, bordering the Mediterranean Sea and the Red Sea. This has led to a unique market dynamic where coastal cities have a higher demand for outdoor and marine-related hardware, while inland regions focus more on home improvement and construction materials. Additionally, cultural norms in Egypt place a high value on self-sufficiency and DIY projects, resulting in a strong market for home improvement tools and equipment. The regulatory environment also plays a role, with the government's recent efforts to promote local manufacturing and reduce reliance on imported products, leading to increased competition among hardware stores.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Egypt is greatly impacted by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. The growth of the market is closely tied to the overall performance of the national economy, with a stable economy leading to increased consumer spending and demand for home improvement products. Additionally, supportive government regulations and investments in infrastructure development play a crucial role in driving market growth. Furthermore, the increasing urbanization, rising middle class, and growing construction sector in the country are key drivers for the DIY & Hardware Store Market in Egypt.

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.