Home Improvement and DIY Statistics 2024
19th July 2024
The DIY (Do-It-Yourself) movement has been gaining momentum for years, transforming from a niche hobby into a mainstream lifestyle choice. Whether it’s crafting, home improvements, or even car repairs, the DIY approach has become a significant part of modern culture. But what do the numbers say? Let’s delve into some fascinating DIY and home improvement stats.
Home Improvement Stats
- 93% of homeowners are considering taking on another project in the next 12 months
- 43% are definitely planning a DIY project in the next year
- Half of DIYers have taken on an exterior home improvement project
- 60% of homeowners did not use a contractor for their home remodelling projects in 2022
Sustainability and Upcycling
- Globally, 66% of consumers are willing to pay more for sustainable goods, indicating a significant shift towards environmentally conscious purchasing decisions.
- 39% of Brits are already upcycling more, with furniture being the project of choice
- Just under a quarter of people in the UK have upcycled or recycled furniture in the last year
Financial Aspects & Market Dynamics
- In 2019, the DIY market was worth £7.2 billion
- During the Pandemic, 62% of DIY projects were completed to save money
- The market is expected to increase by around 2.3% between 2023 and 2025
- 82% of all DIYers are likely to explore products in the store, even if the final purchase is made online
- The COVID-19 pandemic positively impacted the DIY home improvement market Lockdowns and travel restrictions increased the demand for do-it-yourself jobs for simple home improvement activities
- The majority of DIY consumers learn about DIYs through in-store displays, with 82% of DIYers likely to explore products in-store even if they make the final purchase online
Social and Demographic Trends
- 3 in 4 homeowners DIY
- 67% of new DIYers are female
- About 73% of Millennials are DIYers
- 26% of DIYers are between the ages of 31-40
- 75% of homeowners have done a DIY project
- Asia-Pacific is the fastest-growing DIY home improvement market
- 64% of Gen Y DIY home improvement purchases were in-store, indicating that despite online research, physical stores remain important for product comparison and purchase.
- Baby boomers are expected to account for 56% of all home remodels by 2025, an increase from previous years, likely due to adapting homes for older age
Sources:
- https://www.thefarnsworthgroup.com/blog/10-diy-statistics-shaping-home-improvement
- https://www.theworksagency.com.au/course-corrector-articles/young-females-driving-the-diy-boom
- https://blog.lengow.com/e-commerce-trends/diy-home-uk-market/
- https://www.angi.com/articles/diy-statistics.htm
- https://whydoeseverythingsuck.net/blog/diy-statistics/
- https://www.sawinery.net/diy-statistics/
- https://blog.gitnux.com/sustainability-statistics/
- https://www.mordorintelligence.com/industry-reports/diy-home-improvement-market
- https://www.insightdiy.co.uk/news/four-in-ten-brits-are-upcycling-to-reduce-waste
- https://www.missoma.com/blogs/the-chain/upcycling-recycling-statistics
- https://sensibledigs.com/diy-statistics-facts-and-trends
- https://todayshomeowner.com/home-finances/guides/top-home-remodeling-statistics/
Image credit: https://unsplash.com/photos/man-on-white-ladder-3coKbdfnAFg
