DIY & Hardware Store - Slovenia

Slovenia

In Slovenia, the revenue generated in the DIY & Hardware Store market in 2024 amounts to €1,007.00m.
It is projected that the market will experience an annual growth rate of 3.67% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this market, with €728bn in 2024.
Taking into account the total population, per person revenues of €475.40 are generated in Slovenia in 2024.
Slovenia's DIY & hardware store market is experiencing a surge in demand for eco-friendly and sustainable products.

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.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The DIY & Hardware Store Market in Slovenia is experiencing sluggish growth due to low consumer confidence, limited disposable income, and competition from online retailers. However, the increasing demand for home renovation and improvement projects is expected to drive market growth in the coming years. Rising housing prices, coupled with an aging housing stock, point towards a potential increase in demand for floor covering, paint, and other home improvement products. In addition, the growing trend of DIY projects and sustainability efforts may also have a positive impact on the market. As the market continues to evolve, there is a growing focus on incorporating digital technologies and online services to cater to changing consumer preferences. Overall, the DIY & Hardware Store Market in Slovenia is poised for slow but steady growth in the near future.

Customer preferences: As part of the global trend towards sustainability, consumers in Slovenia are increasingly opting for environmentally-friendly and ethically-produced DIY and hardware products. This shift is fueled by growing awareness of the impact of consumer choices on the environment and the desire to support more sustainable business practices. As a result, DIY and hardware stores are starting to offer more eco-friendly options and promote green living solutions, in line with the country's commitment to a more sustainable future.

Trends in the market: In Slovenia, the DIY & Hardware Store Market is seeing an increase in online sales and e-commerce platforms, as well as a rise in DIY and home improvement projects due to the COVID-19 pandemic. This trend is expected to continue as more consumers prioritize home renovations and repairs. Additionally, sustainability and eco-friendly products are gaining popularity, pushing retailers to offer more environmentally-friendly options. Industry stakeholders should focus on enhancing their online presence and expanding their product offerings to meet the demands of the market.

Local special circumstances: In Slovenia, the DIY & Hardware Store market is heavily influenced by the country's geographical landscape. With a large percentage of the population living in rural areas, there is a strong demand for local hardware stores that can provide essential products and services. Additionally, the country's strong focus on sustainability and eco-friendly practices has led to a rise in the popularity of eco-conscious DIY projects, driving growth in the market. Furthermore, government regulations promoting local businesses and products have also played a significant role in shaping the dynamics of the market.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Slovenia is greatly impacted by macroeconomic factors such as economic stability, government policies, and consumer spending habits. The country's strong economic growth and low unemployment rate have contributed to a rise in disposable income, leading to increased spending on home improvement and DIY projects. Additionally, favorable government policies and initiatives to support the construction and real estate sectors have further boosted the demand for DIY and hardware products in the market. Moreover, with the increasing trend towards home renovation and remodeling, the aging population in Slovenia has become a significant driving force behind the growth of the DIY & Hardware Store Market, as they seek to make their homes more accessible and convenient for their changing needs.

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.