DIY & Hardware Store - Uganda | Statista Market Forecast

In Uganda, the DIY & Hardware Store market generates a revenue of US$7.48bn in 2024.
It is projected to have an annual growth rate of 3.24% (CAGR 2024-2029).
Comparing globally, China leads in revenue generation with US$785bn in 2024.
In terms of per person revenues, in Uganda generates US$149.90 in 2024.
The DIY & Hardware Store market in Uganda is experiencing a surge in demand for locally sourced construction materials.

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

Uganda's DIY & Hardware Store Market is experiencing minimal growth due to factors such as limited access to digital technologies, low consumer awareness of home improvement, and challenges in supply chain management. These sub-markets face constraints in infrastructure and resources, hindering growth potential. However, initiatives to improve digital infrastructure and increase consumer education may drive future growth for the market.

Customer preferences: In line with the rising demand for DIY projects and home improvement, consumers in Uganda are also showing a preference for tools and materials that are eco-friendly and sustainable. This trend reflects a growing awareness and concern for the environment, as well as a desire for products that offer long-term value. Additionally, there has been a shift towards locally sourced products, highlighting a cultural preference for supporting local businesses and promoting economic growth within the country.

Trends in the market: In Uganda, there is a growing trend towards small-scale farming and self-sufficiency, driven by a desire for food security and a sustainable way of life. This trend has seen an increase in demand for DIY and hardware products, such as gardening tools, irrigation systems, and building materials. It also presents opportunities for hardware stores to cater to this growing market by offering specialized products and services. This trajectory is significant for industry stakeholders as it opens up new revenue streams and allows for diversification in a traditionally competitive market. Additionally, it has implications for the agriculture sector, as increased access to DIY and hardware products can lead to improved productivity and efficiency.

Local special circumstances: In Uganda, the DIY & Hardware Store Market faces challenges due to the country's limited infrastructure and high import costs. This results in a higher cost of goods for consumers and affects the market's competitiveness. Additionally, Uganda's strong reliance on agriculture makes weather patterns and crop cycles important factors to consider for hardware stores, as demand for farming equipment fluctuates accordingly. The country's cultural emphasis on community and relationships also plays a role, with word-of-mouth marketing and customer loyalty being crucial for success in this market. Lastly, government regulations and political stability can impact the availability and pricing of construction materials, affecting the DIY & Hardware Store Market's profitability.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Uganda is greatly affected by macroeconomic factors such as the country's national economic health, government fiscal policies, and global economic trends. Stable economic conditions and policies can fuel growth in the market, while economic instability and unfavorable policies can hinder growth. Other financial indicators, such as consumer spending and interest rates, also play a role in market performance. Furthermore, the overall economic health of Uganda and its neighboring countries can impact the demand for DIY and hardware products, as well as the availability of raw materials and supplies for this market.

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.