Global DIY market reaches €424.85bn

WORLD - According to a report from the European Federation of DIY manufacturers (Fediyma), in 2014, the DIY/home improvement world market turnover reached €424.85 bn. 

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North America, with €269.6 bn, represents more than 63% of the world market. Europe, worth €130,25 bn, represents 30.7% of the world market. Asia and the Pacific regions with €16.65 bn represent 3.9% of the world market with Japan, Australia and New Zealand the most active markets in this part of the world. For many years there has been no significant development in Africa. The French retailers have begun to establish in North Africa and have opened four franchise shops in Morocco. Meanwhile, South America appears to offer some scope of growth for European-based retailers, especially in Brazil and Uruguay. Local retail operators from Chile are responding to the market place in Argentina, Brazil, Colombia and Peru. UK, French and German DIY retailers have, so far been the most active at establishing overseas branches.

The top 10 major DIY retailers worldwide are: Home Depot (USA), Lowe's (USA), Adeo (France), Kingfisher (UK), Menard (USA), OBI (Germany), Bunnings Building (Australia), Bauhaus (Germany), Sherwin Williams (USA), Tractor Supply (USA). 

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