DIY & Hardware Store - United Arab Emirates

United Arab Emirates

In the United Arab Emirates, the revenue in the DIY & Hardware Store market reached €7.95bn in 2024.
It is projected to experience an annual growth rate of 2.69% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this market segment, amounting to €728bn in 2024.
In terms of per capita revenue, in 2024, each person in the United Arab Emirates contributes €828.60.
DIY & Hardware stores in the United Arab Emirates are experiencing a surge in demand due to the growing popularity of home renovations and improvements.

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.

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Región

Comparación de regiones

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Analyst Opinion

The DIY & Hardware Store market in the United Arab Emirates is currently experiencing stagnant growth, impacted by factors such as low consumer spending, reduced construction activities, and limited availability of skilled labor. However, the increasing trend towards home renovation and improvement projects, coupled with the convenience of purchasing building materials online, could drive growth in the near future. Other potential factors such as government initiatives to promote sustainable building practices and the growing popularity of DIY culture could also impact market growth.

Customer preferences: Consumers in the United Arab Emirates are increasingly looking for convenience and efficiency in their DIY and hardware shopping experience. This has led to a rise in demand for online platforms and apps that offer a wide range of products and deliver directly to their doorstep. This trend is particularly evident in the younger demographic, with tech-savvy millennials and Gen Zers opting for digital solutions for their DIY needs. Additionally, with the country's high expat population, there is a growing preference for DIY and hardware products that cater to the diverse cultural and lifestyle needs of this segment.

Trends in the market: In the United Arab Emirates, the DIY & Hardware Store Market is experiencing a trend towards online shopping, with consumers increasingly preferring the convenience of purchasing home improvement and construction products from the comfort of their own homes. This trend is expected to continue as more consumers become tech-savvy and online retail platforms provide a wider range of products and competitive prices. This shift towards online shopping has the potential to disrupt traditional brick-and-mortar stores, but also presents opportunities for retailers to expand their digital presence and provide a seamless omnichannel experience for customers. Furthermore, as the country aims to become more sustainable, there is also a growing trend towards eco-friendly and sustainable products in the DIY & Hardware Store Market, paving the way for innovation and new market players.

Local special circumstances: In United Arab Emirates, the DIY & Hardware Store Market is heavily influenced by the country's booming construction industry. With its abundant oil wealth, UAE has been undergoing rapid development, resulting in a high demand for building materials and home improvement products. Additionally, the country's cultural values place a strong emphasis on maintaining a well-kept home, driving the DIY market. Furthermore, the government's initiatives to diversify the economy have led to an increase in home renovation and improvement projects, further driving the demand for DIY and hardware products. The presence of large expat communities has also contributed to the market growth, as these individuals often rely on DIY solutions for their housing needs.

Underlying macroeconomic factors: The growth of the DIY & Hardware Store market in the United Arab Emirates is heavily influenced by macroeconomic factors such as overall economic health, government policies, and global economic trends. The country's strong economic growth and government initiatives to support infrastructure development have provided a conducive environment for the growth of the market. Additionally, the increasing focus on sustainability and energy-efficient solutions, coupled with the rising demand for home renovation and improvement projects, is further driving the demand for DIY and hardware products in the country. Furthermore, the presence of a large expatriate population and their preference for DIY solutions is also contributing to the market's growth. These factors highlight the strong potential for the DIY & Hardware Store market in the United Arab Emirates and its resilience to global economic fluctuations.

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.