Research Support Specialist, USA
The global e-commerce DIY, garden, and pets market size is expected to reach USD 145.7 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 5.6% from 2021 to 2028. This can be attributedto the growing demand for DIY, garden, and pet products from developed nations.
The growing influence of repair tutorials and social media is propelling the consumer preference for household equipment and tools for modification and repair. Increasing demand for convenience furniture and other things with ease of dismantle and assembly features are playing a substantial role in augmenting the demand for these products. All these factors are expected to fuelthe growth of this market in the coming years.
Technological advancements and rising pet adoption are the key drivers of the market. Market partakers are implementing innovative strategies to achievea competitive edge over others. Personalized shopping, multichannel access, pet education content, providing information relevant to pet’s illness andbehavior, and mobile apps have become a vital part of online websites in recent years. Thus, all these factors are expected to fuel the growth of this market during the forecast period.
The pet-related products type segment is projected to witness lucrative growth during the forecast period. This growth is credited to the accumulative demand for these products in developed regions, such as Europe and North America. Growth in the adoption of pets globally is one of the key factors impelling the market growth. The accessibility to choose from websites that offer a widespread range of products with comprehensive product descriptions is stimulating the market growth.
Europe is anticipated to witness lucrative growth during the forecast period. The increasing demand for car parts in this region is fueling the growth of this market. A widespread automotive ecosystem in countries such as the U.K., Germany, and France offers people the prospect to set up new businesses associated with automotive parts. Thus, all these factors are expected to fuel the growth of this market in this region.
The report “E-commerce DIY, Garden And Pets Market Size, Share & Trends Analysis Report By Type (Car Parts, Pet Related Products, Tools & Crafting Goods, Garden Items, Security Supplies & Sensors), By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global e-commerce DIY, garden, and pets market on the basis of type and region:
List of Key Players of E-commerce DIY, Garden & Pets Market