Dublin, Dec. 06, 2021 (GLOBE NEWSWIRE) -- The "ASEAN Home Improvement Market (Indonesia, Singapore, Philippines, Thailand & Malaysia): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com's offering.
The ASEAN home improvement market is forecast to reach US$10.90 billion in 2025, experiencing growth at a CAGR of 9.22% during the period spanning from 2021 to 2025.
Growth in the ASEAN home improvement market was supported by factors such as increasing population in ASEAN countries, skyrocketing house prices, rapid urbanization and favorable demographic structure. Rising e-commerce penetration and increase in work from home and freelancing jobs is likely to have a positive impact on the ASEAN home improvement market. However, the market growth is expected to be restrained by shortage of labor and economic slowdown.
The ASEAN home improvement market can be segmented into the following regions: Indonesia, Thailand, Malaysia, Philippines and Singapore. In 2020, the dominant share of ASEAN home improvement market was held by Indonesia, followed by Thailand.
The Singapore home improvement market by category can be segmented into the following categories: bathroom and sanitary ware, home paint, hardware, kitchen sinks, power tools, wall coverings, and hand tools. The largest share of the market was held by bathroom, followed by home paint and hardware.
The ASEAN home improvement market by retail space per capita can be segmented into the following regions: Indonesia, Thailand, Malaysia, Philippines and Singapore. In 2020, the dominant share of home improvement retail space per capita was held by Malaysia, followed by Thailand. Factors such as unaffordable home loans and rising disposable income in ASEAN countries helped in boosting the market growth.
Scope of the report
The report provides a comprehensive analysis of the ASEAN home improvement market.
The major regional markets (Indonesia, Thailand, Malaysia, Philippines and Singapore) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Ace Hardware Indonesia, Dairy Farm International Holding Limited, Siam Global House Public Company Limited, Home Product Center Public Company Limited, Mr D.I.Y. Group and AllHome Corp.) are also presented in detail.
Accelerating Population Growth
Skyrocketing House prices
Unaffordable Home Loans
Favorable Demographic Structure
Rising Disposable Income
Key Trends & Developments
Rising E-commerce Penetration
Rising Trend of Freelancing
Technologically Advanced Home Improvement Products
Increase in Work from Home Jobs
Popularization of Do-It-Yourself (DIY)
Shortage of Labor
Key Topics Covered:
Types of Home Improvement
Products Used in the Home Improvement
Building and Remodeling
Tools and Hardware
Types of Home Improvement Projects
DIFM Home Improvement Project
DIY Home Improvement Project
Advantages of Home Improvement Projects
Disadvantages of Home Improvement Projects
Impact of COVID-19
Impact of COVID-19 on Home Improvement Market
Decline in GDP Growth
Decrease in Labor Supply
Growth in E-commerce Market
Shift to Work from Home
ASEAN Market Analysis
ASEAN Home Improvement Market by Value
ASEAN Home Improvement Market Forecast by Value
ASEAN Home Improvement Market by Region
ASEAN Home Improvement Market by Spending Per Capita
ASEAN Home Improvement Market by Retail Space Per Capita
ASEAN Home Improvement Market by Stores Per Million People
Revenue Comparison- Key Players
Market Capitalization Comparison- Key Players
Product Comparison- Key Players
Ace Hardware Indonesia
Dairy Farm International Holding Limited
Siam Global House Public Company Limited
Home Product Center Public Company Limited
Mr D.I.Y. Group
For more information about this report visit https://www.researchandmarkets.com/r/eb74qe
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