DIY & Hardware Store

Sweden

In Sweden, the revenue in the DIY & Hardware Store market is projected to reach US$10.16bn SEK in 2024.
It is anticipated that the market will experience an annual growth rate of 3.73% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this sector, amounting to US$785bn SEK in 2024.
In terms of per capita figures, each person in Sweden generates US$951.70 SEK in revenue in 2024.
With its strong focus on sustainability and a growing demand for eco-friendly products, Sweden's DIY and hardware stores are thriving.

Key regions: Worldwide, China, United States, India, Japan

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.

Market

Region

Region comparison

Currency

Analyst Opinion

The DIY & Hardware Store Market in Sweden has seen stagnant growth, influenced by factors such as low consumer confidence, economic uncertainty, and competition from online retailers. Despite this, sub-markets like Tools & Machines and Heating & Cooling show potential for growth due to increasing demand for energy-efficient products. However, the market as a whole is facing challenges in adapting to changing consumer preferences and technological advancements.

Customer preferences: In recent years, Swedish consumers have shown a growing interest in sustainable and eco-friendly DIY and hardware products. This shift in preference is driven by the country's strong environmental consciousness and focus on sustainable living. As a result, there has been an increase in demand for products made from recycled materials and those with a low environmental impact. Additionally, there is a growing trend towards minimalism and simplicity, with consumers opting for multifunctional and space-saving home improvement solutions. This shift is also influenced by the increasing number of single-person households in Sweden, leading to a demand for smaller and more practical DIY products.

Trends in the market: In Sweden, the DIY & Hardware Store Market is seeing an increase in demand for environmentally friendly products, with more consumers seeking sustainable and eco-friendly options. This trend is driven by a growing awareness of the impact of consumer choices on the environment and the desire to reduce carbon footprint. As a result, industry players are focusing on developing and promoting products that are energy efficient and made from recycled materials. This trend is expected to continue and could potentially lead to changes in the market landscape and supply chain strategies as companies strive to meet consumer demands.

Local special circumstances: In Sweden, the DIY & Hardware Store Market is heavily influenced by the country's focus on sustainability and eco-friendliness. This has led to the rise of green DIY stores offering environmentally-friendly products and services. Additionally, strict construction and safety regulations promote a strong demand for high-quality hardware and building materials, driving the growth of the market. The country's high standard of living and DIY culture also contribute to a strong DIY & Hardware Store Market, with consumers valuing customization, convenience, and affordability.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Sweden is heavily impacted by macroeconomic factors such as the country's overall economic health, government fiscal policies, and global economic trends. With a strong economy and favorable investment climate, Sweden is experiencing a growing demand for home improvement and DIY products. Additionally, the country's aging population and rising disposable incomes have also contributed to the market's growth. However, fluctuating raw material prices and changing consumer preferences pose challenges for the market's performance.

Methodology

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.