BELGIUM - The global home improvement market was up 13.8 per cent in 2020 to an overall volume of EUR 701 billion.

That is according to the “Global Home Improvement Report 2021” which is published by the European association of manufacturers Hima in cooperation with the DIY retail association Edra/Ghin. The report emphasises that, in contrast to this growth, the global GDP dropped by 1.4 per cent.

North America and Europe together account for 88 per cent of the DIY global market volume despite only making up 16 per cent of the global population. Their total market volume grew by 14.3 per cent to EUR 612 billion. North America alone represents 61 per cent of the global market, Europe has a share of 27 per cent. The average per-capita expenditure for DIY products also lay at the highest in the world with EUR 1 163 - an increase of 19.65 per cent.

Around 82.5 per cent of the global DIY market, i.e. EUR 578.14 bn, is concentrated on only eight countries:  USA, Germany, Japan, Canada, Great Britain, France, Australia and Italy. The major three in Europe - Germany, Great Britain and France - already represent 50 per cent of the European market.

The top 10 companies in the global home improvement trade are: Home Depot (USA), Lowe's (USA), Adeo (France), Kingfisher (Great Britain), Menards (USA), Bunnings (Australia), Obi (Germany), Ace Hardware (USA), Bauhaus (Germany) and Sodimac (Chile). Home Depot and Lowe's alone, the number one and number two respectively, achieve a totalled market share of 27.7 per cent.

The "Global Home Improvement Report" provides detailed data on more than 50 countries and analyses the global market.