Hardware & Building Materials - Bahrain

In Bahrain, the revenue in the Hardware & Building Materials market is projected to reach US$554.70m in 2024.
It is estimated that the market will experience an annual growth rate of 4.04% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market, amounting to US$525bn in 2024.
On a per capita basis, the revenue generated in the Hardware & Building Materials market in Bahrain is US$370.10 in 2024.
Bahrain's Hardware & Building Materials market is experiencing a surge in demand for sustainable and eco-friendly construction materials.

Definition:

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. In terms of hardware, this includes various items relating to doors, cabinets, floors, and garage accessories. Also included in this category are products related to home safety and security. Building materials cover products related to key components of home improvement such as doors, walls, ceilings, and windows, as well as concrete, cement, and masonry.

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. This segment does not include floor covering, which is shown separately in the Floor Covering segment of the DIY market. For more information on the displayed data, click the info button on the right hand side of each box.

Hardware
Building supplies

Hardware services
Construction activities

The Hardware & Building Materials Market in Bahrain is experiencing negligible growth, impacted by factors such as increasing competition among DIY & Hardware Stores, fluctuating consumer demand, and the emergence of e-commerce platforms. This trend is expected to continue as the market adapts to new technology and consumer preferences.

Customer preferences: As consumers in Bahrain become more environmentally conscious, there has been a shift towards eco-friendly and sustainable building materials in the Hardware & Building Materials Market within the DIY & Hardware Store Market. This trend is driven by a growing awareness of the impact of construction on the environment and a desire for more energy-efficient and cost-effective solutions. As a result, there has been a rise in demand for green building materials such as bamboo, recycled plastic, and sustainable wood options. In addition, consumers are increasingly taking on DIY projects as a way to save money and have more control over the materials used in their homes. This has led to a growth in sales for hardware and building materials stores that offer a wide selection of eco-friendly options, catering to this emerging trend.

Trends in the market: In Bahrain, the Hardware & Building Materials Market within the DIY & Hardware Store Market is experiencing a rise in demand for sustainable and eco-friendly products. This trend is driven by a growing awareness of environmental issues and an emphasis on green living. Hardware and building materials manufacturers are responding by introducing innovative and environmentally-friendly products such as energy-efficient appliances and sustainable building materials. This trend is expected to continue, with customers increasingly seeking out eco-friendly options for their home improvement projects. Industry stakeholders must adapt to this trend by offering a wider range of sustainable products and educating customers on the benefits of using them. This presents an opportunity for businesses to differentiate themselves in the market and attract environmentally-conscious customers.

Local special circumstances: In Bahrain, the Hardware & Building Materials Market within the DIY & Hardware Store Market is heavily influenced by the country's small size and the high demand for construction materials due to ongoing infrastructure projects. The market is also affected by the government's strict regulations on import and export of certain materials. Additionally, the cultural preference for DIY projects and the country's growing tourism industry have contributed to the market's growth and expansion.

Underlying macroeconomic factors: The Hardware & Building Materials Market within the DIY & Hardware Store Market in Bahrain is influenced by various macroeconomic factors, including the country's economic health, fiscal policies, and global economic trends. Bahrain's strong economic growth and stable regulatory environment have been key drivers for the growth of the market. Additionally, the government's investments in infrastructure and construction projects have created a demand for hardware and building materials, further boosting the market. The increasing population and urbanization in the country has also led to a rise in demand for DIY and hardware stores, indicating a positive outlook for the 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.

For those who want to start a do-it-yourself project to improve their home or give it a new style, the Home Depot might be considered a shopping paradise. Whether consumers prefer to buy in-store or online, the Home Depot offers a wide range of products such as appliances, building materials, hardware, indoor garden furniture, paint, kitchen, and bath decorating items, among other important products for home improvement projects. With stores across North America, the company is the leading DIY and home improvement chain in the United States and Canada. By the end of the fiscal year 2023, Home Depot had generated over 152 billion U.S. dollars in revenue, and its revenue in the previous year placed it as the home improvement leader worldwide.