DIY & Hardware Store - Timor-Leste

In Timor-Leste, the revenue in the DIY & Hardware Store market reached US$217.30m in 2024.
It is projected to experience an annual growth rate of 2.61% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market segment, amounting to US$785bn in 2024.
Taking into account the total population, the per person revenues in Timor-Leste amounted to US$157.50 in 2024.
As Timor-Leste continues to develop and urbanize, the demand for DIY and hardware stores is steadily increasing.

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 Timor-Leste has been experiencing sluggish growth due to factors such as limited consumer awareness and low disposable income. Despite the presence of sub-markets such as Floor Covering and Tools & Machines, the overall market growth rate remains negligible. This can be attributed to the lack of infrastructure and supply chain challenges, hindering the accessibility of these products for consumers. However, with increasing government support and investment in the construction sector, the market is expected to see a gradual growth in the upcoming years.

Customer preferences: Consumer behavior in the DIY & Hardware Store Market market in Timor-Leste is heavily influenced by the country's cultural values and preferences. Traditionally, Timorese people place great importance on self-sufficiency and resourcefulness, which has translated into a strong interest in DIY projects and home improvement. However, with a growing younger population and increasing urbanization, there is a shift towards more convenience and efficiency. This has led to a rise in demand for ready-made, pre-assembled products and services such as home repairs and renovations. Additionally, with the rise of social media and online shopping, there is also a growing demand for online tutorials and tools for DIY projects, reflecting a blending of traditional values with modern technology and convenience.

Trends in the market: In Timor-Leste, the DIY & Hardware Store Market is experiencing a surge in online shopping and contactless payment options, following the global trend towards digitalization and convenience. This is significant for industry stakeholders as it presents an opportunity to expand their customer base and streamline their operations. Additionally, there is a growing demand for eco-friendly and sustainable products, as consumers become more conscious of their environmental impact. As such, industry players may need to adapt their product offerings to cater to this trend and capitalize on the potential implications of a greener market.

Local special circumstances: In Timor-Leste, the DIY & Hardware Store Market experiences unique challenges due to the country's limited infrastructure and remote locations. This results in higher transportation costs and logistical difficulties for suppliers, leading to higher prices for consumers. Additionally, Timor-Leste's culture of communal living and small scale home renovations also shapes the demand for DIY and hardware products, with smaller quantities and lower-end products being more popular. The country's regulatory framework is also in its early stages, creating opportunities for entrepreneurs to enter the market but also posing challenges in terms of licensing and importing goods.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Timor-Leste is greatly impacted by macroeconomic factors such as the country's economic stability, trade policies, and infrastructure development. The global economic trends, including the rise of e-commerce and digitalization, also have a significant influence on the market. Furthermore, the government's fiscal policies, such as tax rates and subsidies, can greatly impact the profitability of the market. Additionally, the construction industry, which is a major consumer of DIY and hardware products, plays a crucial role in driving the demand for these products. Thus, improved economic conditions and investment in infrastructure development can positively impact the growth of the DIY & Hardware Store Market in Timor-Leste.

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.