DIY & Hardware Store - Spain

Spain

In Spain, the revenue in the DIY & Hardware Store market is estimated to reach €13.69bn in 2024.
It is projected to experience an annual growth rate of 0.86% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this market, with €720bn in 2024.
In terms of per capita figures, the revenue per person in Spain is approximately €288.40 in 2024.
Spanish consumers are increasingly turning to DIY and hardware stores to tackle home improvement projects during the pandemic.

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 Spain is experiencing slow growth due to factors such as changes in consumer spending patterns and increased competition from online retailers. Despite sub-markets such as Floor Covering and Tools & Machines showing potential, the overall market is hindered by a stagnant economy and declining consumer confidence. Improved product offerings and strategic marketing could help boost sales in this market.

Customer preferences: One notable trend in the Spanish DIY & Hardware Store Market is the rising demand for sustainable and eco-friendly products. As more consumers become environmentally conscious, they are seeking products and materials that are ethically sourced and have a minimal impact on the environment. This has led to a increase in the availability of eco-friendly options in hardware stores, from reusable and biodegradable products to energy-efficient tools and home improvement materials. Additionally, there is a growing interest in DIY and upcycling projects, as consumers look for ways to repurpose and reuse instead of buying new items. This trend aligns with the cultural value of sustainability and could also be attributed to the economic impact of the pandemic, as more individuals prioritize budget-friendly and sustainable solutions.

Trends in the market: In Spain, the DIY & Hardware Store Market is experiencing a rise in online sales, as consumers increasingly turn to e-commerce platforms for their home improvement needs. This trend has been accelerated by the COVID-19 pandemic and is expected to continue as more customers prioritize convenience and safety. Additionally, there is a growing interest in eco-friendly and sustainable products, with companies implementing green initiatives and offering eco-friendly options to cater to this demand. This shift towards digital and sustainable practices presents opportunities for industry stakeholders to adapt and innovate their offerings to stay competitive in the market.

Local special circumstances: In Spain, the DIY & Hardware Store Market is influenced by the country's strong tradition of home improvement and DIY culture. This is due to the high homeownership rate and the cultural value placed on maintaining and improving one's home. Additionally, Spain has strict building codes and regulations, which create a demand for high-quality materials and products in the DIY market. The market is also impacted by the country's diverse geography, with different regions having unique DIY needs based on their climate and landscape. Furthermore, the growing trend of eco-friendly and sustainable living in Spain has led to a demand for environmentally-friendly products in the hardware store market.

Underlying macroeconomic factors: Similarly, the DIY & Hardware Store Market in Spain is heavily influenced by macroeconomic factors. The country's economic health, financial policies, and global economic trends all play a significant role in the market's performance. For instance, a stable and growing economy in Spain could result in increased consumer spending, leading to higher demand for DIY and hardware products. On the other hand, economic downturns or government policies that limit consumer spending could negatively impact the market. Additionally, the country's fiscal policies, such as tax rates and regulations on imports and exports, can also affect the availability and pricing of products in the market. Moreover, investment in infrastructure development, both by the government and private sector, can create opportunities for the DIY and hardware store market to expand and reach new customers. Overall, a stable and growing economy, favorable fiscal policies, and investment in infrastructure can contribute to the market's growth, while economic challenges and restrictive policies could hinder its progress.

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.