UK DIY Retailing Market Report 2022
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The UK DIY Retailing Market Report identifies consumers’ attitudes towards DIY, the impact of the cost-of-living crisis and future innovations to continue participation in the home improvement market. This report covers the DIY market size, market forecast, market segmentation and industry trends for the DIY market in the UK.
In what is becoming a growing rarity across retail, in-store purchases topped online sales as the most popular means of purchasing DIY products in the past 12 months. This speaks to the nature of products in the UK DIY market, particularly bigger-ticket items, many of which require in-person assurance. However, it also indicates the success of many specialists in providing compelling reasons to visit in-store over online and non-specialist stores (supermarkets and discounters).
There is great uncertainty ahead as the DIY industry faces a near-perfect storm due to inflation, supply chain issues and the ongoing Ukraine conflict. These pressures have already seen price rises, lengthening lead times, reduced product availability and labour shortages. These pressures are not set to ease, as the home improvement market is set to slow in demand due to a shift in expenditure priority as consumers are more likely to spend on other previously suppressed areas, such as travel, clothing and entertainment, in addition to greater scrutiny on household finances.
Nonetheless, there remain a lot of opportunities for home and garden improvement specialists to grow their UK DIY market share, with the newfound appetite and confidence in do-it-yourself serving as a springboard to re-engage key demographics such as younger and female consumers.
Perhaps most significantly, the renewed need for value will offer a wealth of opportunities in credit, loyalty schemes, own-brand ranges and more circular business models. The DIY industry can also innovate by marketing their products as being cost-effective, when compared to employing tradesmen, and in the potential cost savings associated with certain product lines through greater energy efficiency.
Read on to discover more details or take a look at all of our UK Retail Market Research.
Product Types: Materials, appliances, tools and equipment for the home and garden, furniture, furnishings, carpets, garden plants and flowers, and household appliances.
Brands: Homebase, Wicks, ManoMano, Kingfisher (Screwfix, B&Q), Amazon, eBay, The Very Group, Sainsbury’s (Argos), Toolstation, Wilko, B&M, C Brewers & Son, Topps Tiles, Robert Dyas, Tile Giant,
This report, written by Marco Amasanti, a leading analyst in the Retail sector, delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
DIY was again one of the best-performing non-essential retail markets amid continued disruption in the past year. However, the coming year will be much less certain, as demand slows with less time indoors and a near-perfect storm of inflation and supply chain issues. The growth of specialists, then, will depend on their ability to aid consumers in navigating this uncertainty, while catering to newer trends and changing shopping behaviours.”
Marco Amasanti
Retail Analyst
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Please Note: All of the figures, graphs, and tables in this sample report have been redacted.