DIY & Hardware Store - Tajikistan

In Tajikistan, the revenue generated in the DIY & Hardware Store market is estimated to be US$1.51bn in 2024.
It is projected to have an annual growth rate of 2.47% (CAGR 2024-2029).
Comparing globally, China leads the market with a revenue of US$785bn in 2024.
When considering the population, the per person revenue in 2024 is around US$145.70.
Despite limited access to resources, Tajikistan's DIY & Hardware Store market is thriving, driven by a strong culture of self-reliance and craftsmanship.

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 Tajikistan is experiencing slow growth due to factors like limited consumer awareness, limited access to digital technologies, and a preference for traditional brick-and-mortar stores. The sub-markets of Floor Covering, Paint, Wallpaper & Supplies, Tools & Machines, Hardware & Building Materials, Lawn & Garden, Heating & Cooling, and Bathroom Hardware also contribute to this trend. However, with growing urbanization and increasing disposable income, the market is expected to gradually pick up pace in the coming years.

Customer preferences: Consumers in Tajikistan are increasingly turning to DIY and hardware stores for home improvement projects, driven by a growing trend of do-it-yourself home renovations. This shift is fueled by a desire for cost savings and a sense of accomplishment. Additionally, with a rise in homeownership and a growing middle class, the demand for DIY and home improvement products is expected to continue to grow in the coming years.

Trends in the market: In Tajikistan, the DIY & Hardware Store Market is experiencing an increase in online sales and delivery services due to the COVID-19 pandemic. This trend is expected to continue, with more customers turning to online shopping for convenience and safety. Additionally, there is a growing demand for sustainable and eco-friendly products, as consumers become more conscious of their environmental impact. This trend presents an opportunity for industry stakeholders to cater to this demand and differentiate themselves in the market. It also highlights the need for businesses to adapt to the changing landscape and invest in digital platforms to stay competitive.

Local special circumstances: In Tajikistan, the DIY & Hardware Store Market is characterized by unique geographical factors, such as its challenging mountain terrain, which poses logistical challenges for transportation and distribution. Additionally, cultural factors play a significant role in consumer behavior, with a strong preference for traditional building methods and materials. These factors, coupled with regulatory restrictions on foreign investment, contribute to a slower pace of market growth compared to other regions. However, the market holds potential for growth as the government is actively promoting infrastructure development and urbanization, creating opportunities for the DIY & Hardware Store Market.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Tajikistan is heavily influenced by macroeconomic factors such as the country's level of economic stability, government policies, and global economic trends. The growth of the market is highly dependent on the overall health of the national economy and the purchasing power of consumers. Additionally, fiscal policies and financial indicators, such as inflation rates, exchange rates, and interest rates, can significantly impact market performance. The success of the DIY & Hardware Store Market in Tajikistan is also influenced by government investments in infrastructure development and overall economic growth.

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.