Global DIY Market Expected To Grow

The global do-it-yourself (DIY) home improvement retailing market is expected to make $1,278 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.37 per cent from 2022 to 2030, says a report by Research Dive. Rising availability of DIY home improvement products is fueling market growth and the pandemic also positively impacted the market. The North American market is expected to lead growth and surpass $688.8 billion in the period. Growth in this market is due to increased advertising of DIY products through social media. The painting sub-segment is anticipated to observe the highest growth within the category and surpass $237.5 billion. This growth is mainly because of the availability of DIY paint products and an interest in eco-friendly products.