DIY & Hardware Store - Saudi Arabia

In Saudi Arabia, the revenue in the DIY & Hardware Store market reached a significant amount of US$15.94bn in 2024.
It is projected to experience an annual growth rate of 3.03% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market segment, with an impressive figure of US$785bn in 2024.
In terms of per capita revenues, each person in Saudi Arabia contributes approximately US$425.30 to the DIY & Hardware Store market in 2024.
Saudi Arabia's booming construction industry has led to a surge in demand for DIY and hardware stores in the country.

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 Saudi Arabia has been experiencing slow growth due to factors such as a stagnant economy, low consumer spending, and limited availability of quality products. However, with the increasing popularity of DIY projects and rising awareness about home improvement, the market is expected to witness growth in the coming years. Online shopping and convenient delivery options may also contribute to the market's growth.

Customer preferences: The DIY & Hardware Store Market in Saudi Arabia has seen a significant rise in the popularity of home improvement and renovation projects due to the changing lifestyle patterns and cultural influences. More and more consumers are opting for DIY solutions, driven by the desire for cost-effective and personalized home improvements. This trend is also fueled by the growing interest in sustainable living and eco-friendly practices, with an emphasis on repurposing and upcycling materials.

Trends in the market: In Saudi Arabia, there is a growing trend towards e-commerce in the DIY & Hardware Store market, with more and more consumers using online platforms to make their purchases. This trend is expected to continue, as it offers convenience and a wider selection of products for customers. Additionally, there is a focus on sustainability and eco-friendly options, with consumers gravitating towards reusable and environmentally friendly products. This trend highlights the importance of catering to eco-conscious consumers and incorporating sustainable practices in the industry. It also presents opportunities for companies to differentiate themselves and attract more customers by offering eco-friendly options.

Local special circumstances: In Saudi Arabia, the DIY & Hardware Store Market is heavily influenced by the country's hot and arid climate, as well as its strict cultural norms. Due to the harsh weather conditions, there is a high demand for products such as air conditioners, fans, and other cooling systems. Additionally, the country's conservative culture has a significant impact on the market, with restrictions on the types of products that can be sold, as well as limitations on store hours for certain businesses. The government's initiatives to diversify the economy and promote small business growth have also influenced the market, leading to an increase in local hardware stores and DIY shops.

Underlying macroeconomic factors: The performance of the DIY & Hardware Store Market in Saudi Arabia is affected by various macroeconomic factors. These include the global economic landscape, the country's economic health, fiscal policies, and other financial indicators. In recent years, the Saudi Arabian economy has witnessed significant growth due to its efforts towards economic diversification. This has resulted in increased consumer spending power, contributing to the growth of the DIY & Hardware Store Market. Additionally, the government's initiatives to boost infrastructure projects and increase investments in the construction sector have also fueled the demand for DIY and hardware products. However, the fluctuating oil prices and regional political instability can impact the economy and, in turn, affect the performance of the DIY & Hardware Store Market in Saudi Arabia.

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.