DIY & Hardware Store - Mozambique

In Mozambique, the revenue in the DIY & Hardware Store market is projected to reach US$5.03bn in 2024.
It is expected to experience an annual growth rate of 3.49% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market with US$785bn in 2024.
In terms of per person revenues, in Mozambique generates US$144.20 in 2024.
The DIY & Hardware Store market in Mozambique 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 Mozambique is experiencing slow growth due to factors such as limited access to technology, low consumer awareness and lack of convenient online services. Sub-markets such as Floor Covering and Tools & Machines are heavily impacted by these factors, leading to a negligible overall growth rate. However, efforts to improve technology infrastructure and increase consumer awareness may drive future growth in this market.

Customer preferences: As the market for DIY and hardware stores continues to grow in Mozambique, there is a notable shift towards eco-friendly and sustainable products. Consumers are increasingly conscious of the environmental impact of their purchases and are seeking out products made from recycled materials or with low carbon footprint. This trend is in line with the country's push towards sustainability and the growing interest in responsible consumerism. As a result, retailers in the DIY and hardware store market are prioritizing and promoting eco-friendly options to meet the evolving preferences of consumers.

Trends in the market: In Mozambique, the DIY & Hardware Store Market is experiencing a surge in demand for tools and materials due to the country's growing construction industry. Additionally, there is a rising trend of smaller independent retailers offering a wider range of DIY products, posing a competition to larger hardware stores. With a rapidly developing economy, consumers are increasingly looking for affordable and innovative solutions, resulting in a growth in online sales and the introduction of mobile apps for purchasing. This trend is significant as it presents opportunities for industry stakeholders to expand their reach and cater to the growing demand for DIY products. However, it also poses a threat to traditional brick-and-mortar stores, who must adapt to stay relevant in the market.

Local special circumstances: In Mozambique, the DIY & Hardware Store Market is heavily influenced by the country's geographical and cultural diversity. With a vast landmass and diverse population, the market faces challenges in logistics and distribution, resulting in varying consumer preferences across regions. Additionally, regulatory factors, such as high import tariffs and strict licensing requirements, affect the market's growth and competition. These unique local factors create a dynamic market landscape, where companies must adapt and innovate to meet the demands of both urban and rural customers.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Mozambique is influenced by macroeconomic factors such as economic growth, government policies, and consumer spending. In recent years, Mozambique has experienced steady economic growth, driven by strong investment in infrastructure and natural resource sectors. Additionally, government initiatives to improve access to credit and promote entrepreneurship have boosted consumer spending, leading to increased demand for DIY and hardware products. However, unstable global economic conditions and fluctuating currency exchange rates could impact market performance in the future. Furthermore, the high poverty rate and income inequality in Mozambique could also affect the affordability and accessibility of DIY and hardware products for some segments of the population.

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.