GCC Home Improvement & DIY Retail Market Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & Forecast 2025–2030
Description
GCC Home Improvement and DIY Retail Market Overview
The GCC Home Improvement and DIY Retail Market is valued at USD 15 billion, based on a five-year historical analysis. This growth is primarily driven by increasing disposable incomes, a surge in home renovations, and a growing interest in DIY projects among consumers. The market has seen a significant uptick in demand for home improvement products as more individuals engage in home enhancement activities.
Key players in this market include the United Arab Emirates, Saudi Arabia, and Qatar. The UAE leads due to its high expatriate population and a booming real estate sector, while Saudi Arabia benefits from government initiatives aimed at boosting housing and infrastructure development. Qatar's rapid urbanization and preparations for global events further enhance its market position.
In 2023, the Saudi Arabian government implemented a new regulation aimed at promoting sustainable building practices. This regulation mandates that all new residential constructions must adhere to specific energy efficiency standards, encouraging the use of eco-friendly materials and technologies. This initiative is part of the broader Vision 2030 plan to enhance sustainability in the construction sector.
GCC Home Improvement and DIY Retail Market Segmentation
By Type:
The market is segmented into various types, including tools, paints and coatings, flooring materials, garden supplies, lighting fixtures, plumbing supplies, and others. Among these, tools and paints and coatings are particularly dominant due to their essential roles in home improvement projects. Tools are favored for their versatility and necessity in DIY tasks, while paints and coatings are popular for their ability to transform spaces with minimal effort. The increasing trend of home renovations and DIY projects has significantly boosted the demand for these segments.
By End-User:
The end-user segmentation includes residential, commercial, industrial, and government & utilities. The residential segment dominates the market, driven by a growing trend of home improvement and DIY projects among homeowners. Increased disposable income and a desire for personalized living spaces have led to a surge in demand for home improvement products. The commercial segment is also significant, as businesses invest in enhancing their premises to attract customers and improve functionality.
GCC Home Improvement and DIY Retail Market Competitive Landscape
The GCC Home Improvement and DIY Retail Market is characterized by a dynamic mix of regional and international players. Leading participants such as Al-Futtaim Group, Home Centre, IKEA, Ace Hardware, Carrefour, LuLu Hypermarket, B&Q, Al-Muhaidib Group, Al-Hokair Group, Al-Jazira Group, Al-Mansoori Group, Al-Rajhi Group, Al-Suwaidi Group, Al-Tamimi Group, Al-Watania Group contribute to innovation, geographic expansion, and service delivery in this space.
Al-Futtaim Group
1930
Dubai, UAE
Home Centre
1995
Dubai, UAE
IKEA
1943
Älmhult, Sweden
Ace Hardware
1924
Oak Brook, Illinois, USA
Carrefour
1959
Massy, France
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate
Market Penetration Rate
Customer Retention Rate
Average Order Value
Pricing Strategy
GCC Home Improvement and DIY Retail Market Industry Analysis
Growth Drivers
Increasing Disposable Income:
The GCC region has witnessed a significant rise in disposable income, with average household income projected to reach $66,000 in future. This increase allows consumers to allocate more funds towards home improvement projects. According to the World Bank, the GDP per capita in the GCC is expected to grow by 3.5% in future, further enhancing purchasing power and driving demand for DIY products and services.
Urbanization and Housing Development:
Urbanization in the GCC is accelerating, with urban population growth expected to reach 90% in future. This trend is accompanied by a surge in housing development, with over 1.8 million new housing units projected to be completed in the next two years. The demand for home improvement products is directly linked to this growth, as homeowners seek to enhance their living spaces in newly developed urban areas.
Rise in DIY Culture:
The DIY culture is gaining momentum in the GCC, with a reported 45% increase in DIY project participation among households in 2023. This trend is fueled by social media platforms showcasing home improvement ideas and tutorials. As more consumers engage in DIY activities, the demand for tools, materials, and home improvement products is expected to rise, contributing to market growth in future.
Market Challenges
Intense Competition:
The GCC home improvement market is characterized by intense competition, with over 200 retail players vying for market share. Major international brands and local retailers are constantly innovating to attract consumers. This competitive landscape can lead to price wars, reducing profit margins for retailers. In future, companies must differentiate their offerings to maintain a competitive edge amidst this challenging environment.
Supply Chain Disruptions:
The GCC region faces ongoing supply chain disruptions, exacerbated by geopolitical tensions and global logistics challenges. In 2023, delays in shipping and increased freight costs rose by 15%, impacting product availability. These disruptions can hinder retailers' ability to meet consumer demand, leading to potential revenue losses. Addressing these supply chain issues will be crucial for sustaining growth in the home improvement sector.
GCC Home Improvement and DIY Retail Market Future Outlook
The GCC home improvement and DIY retail market is poised for significant transformation in the coming years. With increasing consumer awareness of sustainability, retailers are expected to prioritize eco-friendly products. Additionally, the integration of smart home technologies will reshape consumer preferences, driving demand for innovative solutions. As urbanization continues, the market will likely see a shift towards personalized home improvement services, catering to the unique needs of homeowners in the region.
Market Opportunities
Expansion of Online Retail Platforms:
The growth of e-commerce in the GCC presents a significant opportunity for home improvement retailers. With online sales projected to reach $12 billion in future, businesses can leverage digital platforms to reach a broader audience. Enhanced online shopping experiences, including virtual consultations, can attract tech-savvy consumers seeking convenience and variety in home improvement products.
Sustainable Product Offerings:
As sustainability becomes a priority for consumers, there is a growing market for eco-friendly home improvement products. In future, the demand for sustainable materials is expected to increase by 30%. Retailers that invest in sustainable product lines can tap into this trend, appealing to environmentally conscious consumers and differentiating themselves in a competitive market.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The GCC Home Improvement and DIY Retail Market is valued at USD 15 billion, based on a five-year historical analysis. This growth is primarily driven by increasing disposable incomes, a surge in home renovations, and a growing interest in DIY projects among consumers. The market has seen a significant uptick in demand for home improvement products as more individuals engage in home enhancement activities.
Key players in this market include the United Arab Emirates, Saudi Arabia, and Qatar. The UAE leads due to its high expatriate population and a booming real estate sector, while Saudi Arabia benefits from government initiatives aimed at boosting housing and infrastructure development. Qatar's rapid urbanization and preparations for global events further enhance its market position.
In 2023, the Saudi Arabian government implemented a new regulation aimed at promoting sustainable building practices. This regulation mandates that all new residential constructions must adhere to specific energy efficiency standards, encouraging the use of eco-friendly materials and technologies. This initiative is part of the broader Vision 2030 plan to enhance sustainability in the construction sector.
GCC Home Improvement and DIY Retail Market Segmentation
By Type:
The market is segmented into various types, including tools, paints and coatings, flooring materials, garden supplies, lighting fixtures, plumbing supplies, and others. Among these, tools and paints and coatings are particularly dominant due to their essential roles in home improvement projects. Tools are favored for their versatility and necessity in DIY tasks, while paints and coatings are popular for their ability to transform spaces with minimal effort. The increasing trend of home renovations and DIY projects has significantly boosted the demand for these segments.
By End-User:
The end-user segmentation includes residential, commercial, industrial, and government & utilities. The residential segment dominates the market, driven by a growing trend of home improvement and DIY projects among homeowners. Increased disposable income and a desire for personalized living spaces have led to a surge in demand for home improvement products. The commercial segment is also significant, as businesses invest in enhancing their premises to attract customers and improve functionality.
GCC Home Improvement and DIY Retail Market Competitive Landscape
The GCC Home Improvement and DIY Retail Market is characterized by a dynamic mix of regional and international players. Leading participants such as Al-Futtaim Group, Home Centre, IKEA, Ace Hardware, Carrefour, LuLu Hypermarket, B&Q, Al-Muhaidib Group, Al-Hokair Group, Al-Jazira Group, Al-Mansoori Group, Al-Rajhi Group, Al-Suwaidi Group, Al-Tamimi Group, Al-Watania Group contribute to innovation, geographic expansion, and service delivery in this space.
Al-Futtaim Group
1930
Dubai, UAE
Home Centre
1995
Dubai, UAE
IKEA
1943
Älmhult, Sweden
Ace Hardware
1924
Oak Brook, Illinois, USA
Carrefour
1959
Massy, France
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate
Market Penetration Rate
Customer Retention Rate
Average Order Value
Pricing Strategy
GCC Home Improvement and DIY Retail Market Industry Analysis
Growth Drivers
Increasing Disposable Income:
The GCC region has witnessed a significant rise in disposable income, with average household income projected to reach $66,000 in future. This increase allows consumers to allocate more funds towards home improvement projects. According to the World Bank, the GDP per capita in the GCC is expected to grow by 3.5% in future, further enhancing purchasing power and driving demand for DIY products and services.
Urbanization and Housing Development:
Urbanization in the GCC is accelerating, with urban population growth expected to reach 90% in future. This trend is accompanied by a surge in housing development, with over 1.8 million new housing units projected to be completed in the next two years. The demand for home improvement products is directly linked to this growth, as homeowners seek to enhance their living spaces in newly developed urban areas.
Rise in DIY Culture:
The DIY culture is gaining momentum in the GCC, with a reported 45% increase in DIY project participation among households in 2023. This trend is fueled by social media platforms showcasing home improvement ideas and tutorials. As more consumers engage in DIY activities, the demand for tools, materials, and home improvement products is expected to rise, contributing to market growth in future.
Market Challenges
Intense Competition:
The GCC home improvement market is characterized by intense competition, with over 200 retail players vying for market share. Major international brands and local retailers are constantly innovating to attract consumers. This competitive landscape can lead to price wars, reducing profit margins for retailers. In future, companies must differentiate their offerings to maintain a competitive edge amidst this challenging environment.
Supply Chain Disruptions:
The GCC region faces ongoing supply chain disruptions, exacerbated by geopolitical tensions and global logistics challenges. In 2023, delays in shipping and increased freight costs rose by 15%, impacting product availability. These disruptions can hinder retailers' ability to meet consumer demand, leading to potential revenue losses. Addressing these supply chain issues will be crucial for sustaining growth in the home improvement sector.
GCC Home Improvement and DIY Retail Market Future Outlook
The GCC home improvement and DIY retail market is poised for significant transformation in the coming years. With increasing consumer awareness of sustainability, retailers are expected to prioritize eco-friendly products. Additionally, the integration of smart home technologies will reshape consumer preferences, driving demand for innovative solutions. As urbanization continues, the market will likely see a shift towards personalized home improvement services, catering to the unique needs of homeowners in the region.
Market Opportunities
Expansion of Online Retail Platforms:
The growth of e-commerce in the GCC presents a significant opportunity for home improvement retailers. With online sales projected to reach $12 billion in future, businesses can leverage digital platforms to reach a broader audience. Enhanced online shopping experiences, including virtual consultations, can attract tech-savvy consumers seeking convenience and variety in home improvement products.
Sustainable Product Offerings:
As sustainability becomes a priority for consumers, there is a growing market for eco-friendly home improvement products. In future, the demand for sustainable materials is expected to increase by 30%. Retailers that invest in sustainable product lines can tap into this trend, appealing to environmentally conscious consumers and differentiating themselves in a competitive market.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
94 Pages
- 1. GCC Home Improvement & DIY Retail Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & – Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. GCC Home Improvement & DIY Retail Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & – Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. GCC Home Improvement & DIY Retail Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & – Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing disposable income
- 3.1.2. Urbanization and housing development
- 3.1.3. Rise in DIY culture
- 3.1.4. E-commerce growth
- 3.2. Restraints
- 3.2.1. Intense competition
- 3.2.2. Supply chain disruptions
- 3.2.3. Fluctuating raw material prices
- 3.2.4. Regulatory compliance issues
- 3.3. Opportunities
- 3.3.1. Expansion of online retail platforms
- 3.3.2. Sustainable product offerings
- 3.3.3. Home automation integration
- 3.3.4. Partnerships with local artisans
- 3.4. Trends
- 3.4.1. Increased focus on sustainability
- 3.4.2. Growth of smart home technologies
- 3.4.3. Customization and personalization
- 3.4.4. Rise of experiential retail
- 3.5. Government Regulation
- 3.5.1. Building codes and safety standards
- 3.5.2. Environmental regulations
- 3.5.3. Import/export tariffs
- 3.5.4. Consumer protection laws
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. GCC Home Improvement & DIY Retail Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & – Market Segmentation, 2024
- 4.1. By Product Type (in Value %)
- 4.1.1. Tools
- 4.1.2. Paints and coatings
- 4.1.3. Flooring materials
- 4.1.4. Garden supplies
- 4.1.5. Others
- 4.2. By End-User (in Value %)
- 4.2.1. Residential
- 4.2.2. Commercial
- 4.2.3. Industrial
- 4.2.4. Government & Utilities
- 4.3. By Sales Channel (in Value %)
- 4.3.1. Online retail
- 4.3.2. Brick-and-mortar stores
- 4.3.3. Wholesale distributors
- 4.3.4. Direct sales
- 4.4. By Distribution Mode (in Value %)
- 4.4.1. Direct distribution
- 4.4.2. Indirect distribution
- 4.4.3. Franchise models
- 4.4.4. E-commerce platforms
- 4.5. By Price Range (in Value %)
- 4.5.1. Budget
- 4.5.2. Mid-range
- 4.5.3. Premium
- 4.6. By Region (in Value %)
- 4.6.1. GCC Countries
- 4.6.2. Others
- 5. GCC Home Improvement & DIY Retail Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & – Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Al-Futtaim Group
- 5.1.2. Home Centre
- 5.1.3. IKEA
- 5.1.4. Ace Hardware
- 5.1.5. Carrefour
- 5.2. Cross Comparison Parameters
- 5.2.1. No. of Employees
- 5.2.2. Headquarters
- 5.2.3. Inception Year
- 5.2.4. Revenue
- 5.2.5. Production Capacity
- 6. GCC Home Improvement & DIY Retail Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & – Market Regulatory Framework
- 6.1. Building Standards
- 6.2. Compliance Requirements and Audits
- 6.3. Certification Processes
- 7. GCC Home Improvement & DIY Retail Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & – Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. GCC Home Improvement & DIY Retail Size, Share, Growth Drivers, Trends, Opportunities, Competitive Landscape & – Market Future Segmentation, 2030
- 8.1. By Product Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Sales Channel (in Value %)
- 8.4. By Distribution Mode (in Value %)
- 8.5. By Price Range (in Value %)
- 8.6. By Region (in Value %)
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