DIY & Hardware Store - Netherlands

Netherlands

In the Netherlands, the revenue in the DIY & Hardware Store market is estimated to reach US$16.42bn in 2024.
It is projected to experience an annual growth rate of 3.66% (CAGR 2024-2029).
When compared to other countries worldwide, in China generates the highest revenue in this market segment, with an expected revenue of US$785bn in 2024.
On a per person basis, the revenue generated in the Netherlands amounts to US$929.50 in 2024.
The Netherlands' DIY & Hardware Store market is experiencing a surge in demand for sustainable and eco-friendly products.

Key regions: Worldwide, China, United States, India, Japan

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.

Market

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Analyst Opinion

The Netherlands' DIY & Hardware Store Market has seen slow growth in recent years, influenced by factors such as increased competition, shifting consumer preferences, and economic downturn. Sub-markets like Floor Covering and Paint have been impacted by stricter environmental regulations, while Tools & Machines and Hardware & Building Materials have faced supply chain disruptions amid the pandemic. Despite the challenges, the market still benefits from rising home ownership and the convenience of online shopping.

Customer preferences: As consumer lifestyles become busier and more fast-paced, there is a growing demand for DIY and hardware stores to offer online shopping options and home delivery services. This trend is driven by the desire for convenience and time-saving solutions, as well as concerns about health and safety during the COVID-19 pandemic. Additionally, there is a rising interest in sustainability and eco-friendly products, as consumers become more conscious of their environmental impact. Retailers are responding by offering more sustainable and energy-efficient products, as well as providing educational resources on eco-friendly home improvement projects.

Trends in the market: In the Netherlands, the DIY & Hardware Store Market is experiencing a surge in online sales, driven by the increasing popularity of e-commerce and the convenience it offers to customers. This trend is expected to continue, with more retailers investing in online platforms and expanding their product offerings. Additionally, there is a growing demand for sustainable and eco-friendly products in the market, as consumers become more conscious of their environmental impact. These trends create opportunities for digital marketing and technology innovations, as well as a push towards more sustainable practices in the industry. Stakeholders should be aware of these developments and adapt their strategies accordingly to stay competitive in the market.

Local special circumstances: In the Netherlands, the DIY & Hardware Store market is heavily influenced by the country's strong tradition of do-it-yourself culture and high rates of home ownership. This has led to a significant demand for affordable and high-quality home improvement products. Additionally, the country's strict building codes and regulations have greatly impacted the market, with manufacturers having to adhere to strict safety and environmental standards. This has resulted in a competitive market where innovation and sustainability are key drivers of growth.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Netherlands is heavily influenced by macroeconomic factors such as consumer spending, employment rates, and government policies on home improvement and construction. A strong economy and low unemployment rate in the country have resulted in a robust housing market and increased demand for DIY and hardware products. Additionally, government initiatives promoting sustainable and energy-efficient building practices have also contributed to the growth of the market. However, a potential slowdown in the Dutch economy and changes in government policies could impact the market in the coming years.

Methodology

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.