Digital DIY home improvement service market
As highlighted in a new report published by Worldwide Market Reports, the Digital DIY Home Improvement Services Market is estimated to 2024 with a forecast period of 2024-2031.
Market Overview:
The digital DIY home improvement services market includes online platforms that provide instructions, tools, and resources to help homeowners complete small to medium-sized home improvement and repair projects on their own, allowing customers to complete tasks such as plumbing, electrical work, and flooring at a lower cost than would be possible with a professional contractor.
Market dynamics:
The growing trend of DIY home improvement among homeowners is anticipated to be a major driving force for the digital DIY home improvement services market during the forecast period. With the availability of step-by-step online instructions and tutorials, customers are increasingly doing minor repairs and renovation tasks themselves to save money. Another factor expected to drive market growth is the convenience offered by digital DIY platforms, which allow users to virtually navigate various home improvement tasks through mobile or desktop. Customers can order all the materials they need directly from these online marketplaces and have everything they need for their projects delivered directly to them.
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Key market drivers for digital DIY home improvement services:
As the cost of hiring professional contractors and services for home improvement projects increases, more consumers are choosing to complete projects themselves. The digital DIY home improvement services marketplace provides convenient access to step-by-step guidance, training videos, and project planning tools to help consumers successfully complete tasks independently. The culture of independence through DIY projects continues to grow in popularity as consumers look to save money while enjoying a sense of accomplishment.
As real estate values continue to rise in most regions, homeowners are increasingly investing in renovations and improvements to increase the value and desirability of their most valuable asset: their homes. Digital DIY services can research the best upgrades with high returns and guide consumers through the execution of their projects. Whether it's kitchen or bathroom overhauls, basement finishes, or other renovations, digital DIY platforms are an affordable way for homeowners to increase property value.
Key market constraints for digital DIY home improvement services:
While some DIY tasks are very simple, other common home improvement projects like plumbing, electrical work, and structural additions/renovations require expertise to be completed safely and in compliance with codes. The scope and technical requirements of large renovation projects limit the market that digital DIY platforms can address. Without professional certification or oversight, liability also remains a barrier if guidance provided through DIY services results in defective work or safety hazards for complex tasks. This inhibits the revenue potential of digital DIY companies that focus solely on self-directed options.
Key market opportunities for digital DIY home improvement services:
As AR/VR technologies continue to evolve, new opportunities are emerging to integrate these capabilities into digital DIY solutions. Features such as live video guidance via AR headsets, virtual 3D pre-visualization of renovations, and VR simulation of tools/tasks can significantly improve the user experience of completing projects independently. AR/VR applications can help solve complex problems, minimize errors, and increase DIY users' confidence in tackling ambitious tasks. By integrating cutting-edge immersive technologies, digital DIY platforms can capture new market share as customer experiences evolve.
Key trends in the digital DIY home improvement services market:
Consumers are moving beyond traditional step-by-step instructions and seeking specialized content that focuses on developing new skills and abilities. Digital DIY companies are responding by expanding library options, including in-depth video courses and academic learning paths focused on skill areas such as electrical work, plumbing systems, carpentry, and design/renovation standards. . Microlearning content and certification/certification programs are an emerging trend that allows customers to systematically build critical skills through continuous online learning and take on more complex DIY projects over time.
Major players:
bauhaus
Adeo
Bauvista
Kesco
Home Depot
Kingfisher
Lowe's
Walmart
Travis Perkins
Wesfarmers Ltd.
Market Segment by Type:
Decoration and indoor gardens
Timber and landscape management
Tools and Hardware
kitchen, paint, wallpaper
Building materials, piping, lighting, equipment
Market Segment by Application:
Bathroom improvements and expansions
Kitchen improvements and additions
Upgrading your system
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➤ Regional report analysis highlighting the consumption of products/services in the regions also shows the factors influencing the market in each region.
➤ The report presents the opportunities and threats faced by the suppliers of Digital DIY Home Improvement Services and Tubes industry across the globe.
➤ The report identifies regions and sectors expected to grow fastest.
➤ The competitive environment, including market rankings of major companies, new product launches, partnerships, expansions, acquisitions, etc.
➤ The report provides extensive company profiles consisting of company overview, corporate insights, product benchmarking, SWOT analysis etc. of the key market players.
➤ The report provides current as well as future market outlook for the industry with respect to recent developments, growth opportunities, drivers, challenges, and regional constraints emerging in the developed regions.
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