The DIY & Hardware Store Market in Poland nan is seeing insignificant growth due to factors like declining consumer interest and limited access to advanced tools and machines. This stagnant growth is impacted by slow economic growth and a lack of technological advancement in the industry.
Customer preferences: As the interest in DIY projects continues to grow, consumers are increasingly demonstrating a preference for multifunctional and eco-friendly tools and machines within the Tools & Machines Market. This is driven by a growing awareness and concern for sustainability, with a desire for products that can help reduce environmental impact. Additionally, there is a trend towards more compact and portable tools, catering to the needs of urban consumers with limited space. This shift in consumer preferences is reflected in the rising availability of sustainable and compact tool options within DIY & Hardware stores in Poland.
Trends in the market: In Poland, the Tools & Machines Market within the DIY & Hardware Store Market is seeing a rise in online sales, with more consumers turning to e-commerce for their home improvement needs. This trend is driven by the convenience and variety offered by online retailers, as well as the increasing use of digital platforms by hardware stores. This shift towards online purchasing is expected to continue, with implications for traditional brick-and-mortar stores and potential opportunities for increased partnerships between online and offline retailers.
Local special circumstances: In Poland, the Tools & Machines Market within the DIY & Hardware Store Market is heavily influenced by the country's strong DIY culture and preference for sturdy, long-lasting products. This, coupled with government initiatives promoting local production, has led to a reliance on domestic manufacturers. Additionally, Poland's geographic location and proximity to other European markets has allowed for easy access to a wide range of tools and machinery, making it a highly competitive market for both local and international players.
Underlying macroeconomic factors: The Tools & Machines Market within the DIY & Hardware Store Market in Poland is significantly impacted by macroeconomic factors such as the country's economic growth, government policies, and international trade agreements. With a steady economic growth rate and government initiatives promoting small businesses, the market is expected to experience a positive growth trajectory. Furthermore, the rise in disposable income and an increase in middle-class population are driving the demand for DIY and home improvement activities, thereby boosting the demand for tools and machines. Additionally, favorable trade agreements and partnerships with other countries have facilitated easy import and export of these products, further contributing to the market's 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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
