Category: Home Centers & Hardware Stores
Home Centers & Hardware Stores market research reports by Euromonitor International
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Home Products Specialists in Germany
Despite a second consecutive year of value sales decline in 2024, sales through home improvement and gardening stores in Germany remained higher than pre-pandemic levels. In addition, the rate of decline was slower than the previous year, and less severe compared to homewares and home furnishing sto ... Read More
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Home Products Specialists in Mexico
2024 saw pet shops continue to rise within home products specialists in Mexico, with the country being one of the leaders in terms of functional foods for pets; about 70% of Mexican households have pets as of 2024. In light of this, Mars Petcare is investing MXN3.5 billion in its plant in Querétaro, ... Read More
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Home Products Specialists in Morocco
In 2024, home products specialists in Morocco benefited from increased government and private investment in construction and renovation projects. These efforts were largely shaped by key national events and recovery initiatives, including the reconstruction programme for regions impacted by the Al H ... Read More
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Home Products Specialists in Switzerland
Home improvement and gardening stores saw a further decline in sales in current value terms in 2024, continuing the downturn in fortunes after the strong growth seen during the pandemic. Consumers still looked to maintain a well-kept home with regular quick and easy fixes, but with the pandemic over ... Read More
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Home Products Specialists in Nigeria
Homewares and home furnishing stores recorded strong growth in current value terms in 2024, largely driven by high inflation and resultant price increases. However, in constant value terms, performance was more modest due to subdued consumer confidence and shrinking disposable incomes. Home improvem ... Read More
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Home Products Specialists in the United Arab Emirates
Value sales of home products specialists in the United Arab Emirates continued to steadily grow in 2024, fuelled by the local market’s expanding population which was partly boosted by an influx of affluent expatriates. The channel also benefited from a further increase in outlet numbers, thereby enh ... Read More
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Home Products Specialists in India
Home products specialists in India saw solid current value growth in 2024, along with an increase in outlet numbers, with all channels experiencing growth. Retailers are increasingly adopting omnichannel strategies to blend online and offline experiences. Ikea India Pvt Ltd, for instance, has enhanc ... Read More
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Appliances and Electronics Specialists in the United Arab Emirates
Value sales of appliances and electronics specialists in the United Arab Emirates continued to rise in 2024, supported by favourable operating conditions, including rising urbanisation rates, increased demand for smart appliances, and the growth of digital natives. The channel also benefited from a ... Read More
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Home Products Specialists in Egypt
In 2024, economic constraints and currency devaluation prompted more Egyptian consumers to shift towards local markets and independent home specialty stores. Neighbourhoods such as Nozha, Nasr City, and Downtown Cairo have become increasingly popular for their culturally resonant and cost-effective ... Read More
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Home Products Specialists in the United Kingdom
Homewares and home furnishing stores in the UK experienced another year of value sales decline in 2024, highlighting ongoing challenges in the local market. Elevated inflation rates throughout the year led to increased costs of raw materials, resulting in higher retail prices for home furnishings. T ... Read More
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Home Products Specialists in Ukraine
Home products specialists saw current value growth in Ukraine in 2024 despite the challenges of wartime. Large retailers such as Epicentr, which remained the clear leader in overall home products specialists, were actively expanding their presence by opening new store formats, including Epicentr Exp ... Read More
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Appliances and Electronics Specialists in Ukraine
Appliances and electronics specialists saw slight current value growth in Ukraine in 2024. The channel demonstrated active development during the year despite macroeconomic challenges. Key players, such as Comfy, expanded their presence by opening new stores in different regions, including frontline ... Read More
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Home Products Specialists in the Czech Republic
Overall, home products specialists in the Czech Republic registered a marginal increase in outlet number and good, if slower, retail current value growth in 2024. The largest category, home improvement and gardening stores, experienced growing demand as the economic situation and material costs stab ... Read More
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Home Products Specialists in Slovakia
In 2024, retail value sales in home product specialists increased by 1%. Slovak households demonstrated a reluctance to spend on non-essential items, resulting in a strong demand for price deals and discounts. Promotional activities and loyalty programs continued to attract consumers to stores; howe ... Read More
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Home Products Specialists in South Korea
Despite seeing a slight decline in outlet numbers in 2024, home products specialists in South Korea experienced current value growth in this year, driven by increasing consumer interest in home improvement and lifestyle enhancement. Home improvement and gardening stores saw an uptick in sales, benef ... Read More
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Home Products Specialists in Japan
Japan’s location at the intersection of several tectonic plates makes it highly susceptible to earthquakes, with some major seismic events occurring in cycles of hundreds of years. One such event is the anticipated Nankai Trough Earthquake, which could devastate the middle to southern Pacific coast, ... Read More
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Home Products Specialists in Australia
Home products specialists in Australia recorded a weak performance in 2024, driven by the value sales decline of home improvement and gardening stores, which dominates the channel. On the other hand, homewares and home furnishing stores recorded flat growth during the year, as many consumers delayed ... Read More
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Home Products Specialists in Indonesia
Home products specialists saw value sales stagnate in current terms in Indonesia in 2024, Home improvement and gardening stores experienced further growth, at a slightly higher rate than in the previous year. Indeed, each of the top four players in the category experienced positive value sales growt ... Read More
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Home Products Specialists in Saudi Arabia
Consumer demand for home products is being driven by urbanisation, the steady rise in average disposable income, and more diversified offerings in homeware and furniture stores. The Saudi government continues to invest in residential homes to reach the targeted 70% home ownership by 2030. As more pe ... Read More
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Home Products Specialists in Singapore
Home products in Singapore was supported in part by rising pet ownership in 2024, which has been on an upward trajectory throughout the review period. Growth in pet ownership supported by an expanding ‘pawrents’ movement wherein consumers see their pets as not just animals, but equal members of the ... Read More
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Home Products Specialists in Hong Kong, China
Value sales of homewares and home furnishing stores in Hong Kong stagnated in 2024 following a strong decline the previous year, with many consumers becoming more cautious with their discretionary spending. This was particularly relevant as they had already made significant investments in these prod ... Read More
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Home Products Specialists in New Zealand
Financial pressures continued to be the primary barrier to spending in New Zealand’s home product specialists over 2024. For the first time since the pandemic, annual inflation in 2024 sat within the country’s target band at 2.2%. Although consumer price inflation slowed there was still ongoing stic ... Read More
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Home Products Specialists in Portugal
Home products specialists achieved small positive value sales in Portugal in 2024, which are expected to remain stable around this rate of growth over the forecast period. Growth is, however, at a lower level than seen over the recent review period, due to consumers’ disposable incomes and spending ... Read More
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Home Products Specialists in Vietnam
Home products specialists in Vietnam record a positive growth rate in both current value sales and the number of outlets in 2024, despite a challenging economic environment. Consumers are increasingly inclined to save money and restrict spending on items they perceive as non-essential. An emerging h ... Read More
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Home Products Specialists in Chile
After the drive created by consumers adapting to quarantine needs during the pandemic, the reopening of society and high inflation meant that many consumers turned away from home products specialists in Chile towards the end of the review period. These factors, combined with the rise of e-commerce p ... Read More
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