What you need to know
The DIY market continues to prove challenging with growth in consumer spending slowing significantly in 2015 following two years where growth was largely driven by catch-up spending after the recession.
The market is being impacted by a societal shift in housing tenure which is seeing a significantly higher proportion of consumers living in rented accommodation rather than owning their own home. The leading specialists are struggling to cater effectively to the needs of this growing population of renters and as a result, the non-specialists including Amazon and the discounters such as Poundland or B&M Bargains, with their limited ranges, low prices and convenient store locations or delivery options, are picking up a growing share of the market.
The warehouses continue to play an important role in the UK DIY sector, but this role is shrinking as home ownership becomes less common and the population increasingly shifts back towards living in the towns and cities. The introduction of the Bunnings fascia and disappearance of Homebase is likely to add further competitive pressure into the sector over the coming years.
Areas covered in this Report
This Report is designed to give an overview of the UK DIY and home improvement market. This includes an overview of the market with forecasts covering future developments, in-depth consumer analysis using our own data and a look at the key players in the market.
We provide two DIY market sizes within this Report:
The first is provided in the Sector Size and Forecast section and covers the specialist DIY/hardware store market, including a five-year forecast. Please note that for this Report we have stripped out trade sales through the leading specialists and this has meant that the sector breakdown differs from that shown in previous editions of this Report
The second market size is covered in the Consumer Spending on DIY Products section and covers total consumer spending on all DIY products. This market size includes elements of spending on materials, furniture, furnishings and carpets, appliances, tools and equipment as well as gardening products.
