Hardware & Building Materials - EU-27

In the EU-US$282.60, the revenue generated in the Hardware & Building Materials market in 2024 amounts to US$126.50bn.
It is projected that the market will experience an annual growth rate of 2.65% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market, reaching US$525bn in 2024.
In terms of per capita income, each person in the EU-US$282.60 generates revenues of US$282.60 in 2024.
In Germany, the hardware and building materials market is experiencing a surge in demand due to the government's focus on renewable energy and sustainable construction.

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 EU-27 nan has seen minimal growth due to factors such as slow economic recovery, declining construction sector, and high competition from online retailers. Despite this, increasing DIY trends and demand for sustainable building materials may boost growth in the future.

Customer preferences: As consumers become more environmentally conscious, there is a rising trend towards sustainable and eco-friendly building and home renovation solutions. This has led to a growing demand for environmentally-friendly building materials and energy-saving hardware options in the Hardware & Building Materials Market within the DIY & Hardware Store Market. Additionally, with an aging population in the EU-27, there is an increasing demand for age-friendly homes, resulting in a demand for products such as grab bars, ramps, and other accessibility options.

Trends in the market: In the EU-27, the Hardware & Building Materials Market within the DIY & Hardware Store Market is experiencing a shift towards digitalization. Online shopping for construction materials, tools and equipment is becoming increasingly popular among consumers, with a rise in e-commerce platforms and the use of mobile apps for DIY projects. Additionally, there is a trend towards sustainability and eco-friendliness, with a growing demand for environmentally-friendly building materials and energy-efficient products. These developments signal a significant shift in consumer behavior and have implications for industry stakeholders, who may need to adapt their strategies to cater to the changing market landscape.

Local special circumstances: In Germany, the Hardware & Building Materials Market within the DIY & Hardware Store Market is heavily influenced by the country's strict regulations on building and construction materials. The market is also driven by a strong DIY culture and the popularity of sustainability and eco-friendly products. In Poland, the market is influenced by a growing trend of renovating old buildings, leading to a high demand for building materials. The country's DIY trends are also influenced by its strong agricultural sector, with a focus on self-sufficiency and traditional methods of construction.

Underlying macroeconomic factors: The demand for hardware and building materials in the EU-27 DIY & Hardware Store Market is greatly impacted by macroeconomic factors such as economic stability, consumer confidence, and government policies. Favorable economic conditions, including low unemployment rates and higher disposable income, contribute to a robust market demand for DIY and hardware products. Additionally, investment in housing and infrastructure projects by governments and private sector entities further fuels the growth of the hardware and building materials market. On the other hand, economic downturns and regulatory challenges can hinder market growth by reducing consumer spending and discouraging investment. Overall, the performance of the hardware and building materials market is closely tied to the economic health of the EU-27 region.

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.