Market Insights Consumer DIY & Hardware Store

Paint, Wallpaper & Supplies - Algeria

Algeria

In Algeria, the revenue in the Paint, Wallpaper & Supplies market is projected to reach €0.51bn in 2024.
It is anticipated that the market will experience an annual growth rate of 1.89% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, amounting to €47,340m in 2024.
Considering the total population figures, the per person revenue in Algeria is estimated to be €10.97 in 2024.
Algeria's market for paint, wallpaper, and supplies is experiencing a surge in demand due to the country's growing construction and renovation industry.

Key regions: Japan, Indonesia, Turkey, Germany, Worldwide

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

In Algeria nan, the Paint, Wallpaper & Supplies Market in the DIY & Hardware Store Market is facing minimal growth due to factors such as low consumer demand, economic instability and limited availability of raw materials. Despite the convenience of DIY projects, the market is hindered by high prices and limited access to technology.

Customer preferences: As the DIY trend continues to rise in Algeria, there has been a noticeable shift towards sustainable and eco-friendly paint and wallpaper options. This can be attributed to an increasing awareness of environmental issues and a desire to reduce carbon footprint. Additionally, there has been a growing demand for more unique and personalized designs, leading to a rise in popularity of DIY wallpaper and mural options. These trends are reflective of the evolving lifestyle factors and consumer preferences in the country.

Trends in the market: In Algeria, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is seeing a rise in demand for eco-friendly and sustainable products. This trend is driven by the increasing awareness of environmental protection and the promotion of green building practices in the region. Additionally, there is a growing preference for DIY projects, leading to a surge in sales of paint and wallpaper supplies in the market. This trend is expected to continue, with potential implications for industry stakeholders, such as the need for retailers to stock a diverse range of environmentally-friendly products and expand their DIY product offerings. Furthermore, manufacturers may need to adapt their production processes to meet the demand for eco-friendly options.

Local special circumstances: In Algeria, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's geographical location and limited access to international suppliers. This has led to a reliance on local manufacturers and suppliers, resulting in a smaller product variety compared to other markets. Additionally, cultural norms and traditions also play a significant role in shaping consumer preferences and purchasing behaviors. Regulatory factors, such as import restrictions and tariffs, further impact the availability and pricing of products in this market.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Algeria is affected by various macroeconomic factors. The country's economic health, global economic trends, fiscal policies, and other financial indicators play a crucial role in shaping the market's performance. Algeria's strong investments in infrastructure and favorable regulatory environment have contributed to the growth of the DIY & Hardware Store Market. Additionally, the increasing demand for home renovation and improvement due to the rising disposable income and urbanization have also positively impacted the Paint, Wallpaper & Supplies Market in Algeria. However, the volatile oil market and political instability in the region can also have a significant effect on the market's growth.

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.