UK DIY Retailing Market Report 2023
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Stay ahead of the curve and secure future growth for your business with Mintel’s UK DIY Retailing Market Report 2023. Our full report is packed with consumer-led market intelligence, the latest trends and consumer behaviours affecting your industry. Get a 360° view of the UK DIY retail market including market size, share and forecasted growth to help you align your business strategy with the needs of your audience.
Below, we’ve handpicked the key insights analysed in the full report and summarised the core topics.
The cost-of-living crisis has impacted consumer spending in 2022, and the DIY retail market saw a 10.9% decline in sales as consumers either postponed DIY projects or focused on smaller-ticket projects like painting and minor updates around the home.
After a few bumper years for the DIY industry, helped in part by consumers spending more time at home due to pandemic restrictions, total DIY spending fell in 2022, highlighting the dual impact of rising prices and consumers returning to the workplace.
Online spending in the DIY sector continues to slowly increase, and nearly two-thirds of consumers used the online channel to purchase DIY products in the past year. Despite being a non-specialist retailer, Amazon was the most popular choice for consumers. This highlights that consumers are shopping around seeking the greatest value for their money. Retailers are focusing on enhancing their online offering to create a seamless shopping experience both in-store and online.
As previously mentioned, consumers are focusing on smaller-ticket projects due to economic concerns. DIY retailers have the opportunity to ease this strain as they can further enable alternative payment options for its shoppers. This will further drive sales online as these flexible payment options are a digital-first operation. Offering buy now, pay later options will make consumers feel more comfortable taking on more expensive projects.
This Report is designed to give an overview of the UK DIY and home improvement market. This includes forecasts covering future developments, in-depth consumer analysis using our own data, and a look at the key players in the market, including Homebase, B&Q, Wilko, Screwfix, Wickes, and more.
We provide two market sizes in this report. The first covers the specialist DIY/hardware store market, and the second covers total consumer spending on all DIY products, including materials, furniture, furnishings, carpets, appliances, tools and equipment, and gardening products.
Purchase our full UK DIY Retailing Market Report 2023 to discover lucrative innovation opportunities to help your business grow during times of financial uncertainty.
This report, written by Bridget McCusker, a leading research analyst, delivers in-depth commentary and analysis to highlight current trends in the DIY retail market and add expert context to the numbers.
The cost of living crisis has impacted the DIY market as we see consumers taking on smaller home improvement projects with lower spend. We see DIY retailers addressing the uncertainty brought on by rising inflation by enhancing their value propositions for its shoppers. The DIY market is perfectly situated to address the growing concerns of shoppers as many are seeking out greater value for money whether that is in terms of convenience, personal missions or price.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
*databooks not available with UK B2B Industry reports.
Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.