Tools & Machines - Algeria | Statista Market Forecast

The Tools & Machines market in Algeria is projected to generate a revenue of US$677.70m in 2024.
It is anticipated to grow at an annual rate of 2.06% (CAGR 2024-2029).
When compared globally, China leads the pack with a revenue of US$78bn in 2024.
In terms of per person revenues, in Algeria is expected to generate US$14.64 in 2024.
Algeria's Tools & Machines market is witnessing a surge in demand for construction equipment due to the country's ongoing infrastructure development projects.

Definition:

In the segment Tools & Machines, the focus lies on the different types of tools that can be used for DIY & Hardware. This includes the most common types of tools such as hand tools and power tools as well as measuring and marking tools. Also, tools accessories such as replaceable parts of tools are covered by this segment.

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.

Hand tools
Power tools
Measuring & marking tools
Tool accessories

Tool storage & work surfaces
Power & electrical supplies (power inlets, solar energy kits, extension cords, etc.)
Professional construction machinery and masonry tools (cement mixer, power trowels)
Industrial gases & accessories
Vacuum cleaners
Car accessories
Workwear & protective clothing

The Tools & Machines Market in the DIY & Hardware Store Market in Algeria is currently experiencing slow growth, influenced by factors such as limited infrastructure for online services and low consumer awareness. Despite this, the market is expected to expand due to increasing demand for DIY and home improvement products.

Customer preferences: Increasing urbanization and a growing DIY culture are driving the demand for tools and machines in the Algerian market. With more people opting for DIY home repairs and renovations, there is a growing preference for durable and efficient power tools. Additionally, as Algerian households become more tech-savvy, there is a rising demand for smart and automated tools that simplify household tasks.

Trends in the market: In Algeria, the Tools & Machines Market within the DIY & Hardware Store Market is witnessing a rise in online sales and e-commerce platforms. With the increase in internet and smartphone penetration, consumers are increasingly turning to online shopping for tools and machines. This trend is expected to continue, driven by convenience and a wider selection of products. However, the lack of infrastructure and logistics challenges may hinder the growth. Additionally, there is a growing demand for eco-friendly and energy-efficient tools and machines, indicating a shift towards more sustainable solutions in the market. This trend presents opportunities for industry stakeholders to innovate and cater to the changing consumer preferences.

Local special circumstances: In Algeria, the DIY & Hardware Store market is heavily influenced by the country's geography. With vast areas of desert and limited access to transportation, traditional brick and mortar stores struggle to reach customers in remote areas. This has led to an increase in online DIY and hardware stores, as consumers turn to e-commerce for their home improvement needs. Additionally, the country's strict import regulations and limited availability of certain materials have resulted in a unique market composition, with a focus on locally-sourced products and alternative materials.

Underlying macroeconomic factors: The Tools & Machines Market within the DIY & Hardware Store Market in Algeria is heavily influenced by macroeconomic factors such as the overall economic health of the country, government fiscal policies, and global economic trends. Algeria's economy has recently experienced slow growth due to the decline in oil prices, but the government has implemented policies to diversify the economy and encourage investment in non-oil sectors. Additionally, global economic trends, such as trade tensions and fluctuating currency values, can impact the market by affecting consumer confidence and buying power. These factors, along with government policies and investments, ultimately determine the overall performance of the Tools & Machines Market within the DIY & Hardware Store Market in Algeria.

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.

For those who want to start a do-it-yourself project to improve their home or give it a new style, the Home Depot might be considered a shopping paradise. Whether consumers prefer to buy in-store or online, the Home Depot offers a wide range of products such as appliances, building materials, hardware, indoor garden furniture, paint, kitchen, and bath decorating items, among other important products for home improvement projects. With stores across North America, the company is the leading DIY and home improvement chain in the United States and Canada. By the end of the fiscal year 2023, Home Depot had generated over 152 billion U.S. dollars in revenue, and its revenue in the previous year placed it as the home improvement leader worldwide.