Hardware & Home Improvement Stores in Cyprus - Market Research Report (2014-2029)

Hardware and home improvement stores’ revenue is forecast to rise at a compound annual rate of 1.4% over the five years through 2024 to reach €155.8 billion. Private spending on home renovation and maintenance, construction activity, environmental awareness and the number of households each play their part in determining sales. The EU and the UK enjoyed a housing market boom prior to 2023, when soaring mortgage rates deterred many from buying a new house. While demand for outfitting new houses is down, more Europeans are turning to repair, maintenance and renovation work on their existing properties, helping to raise sales of hardware and home improvement products. This trend accelerated during the COVID-19 pandemic, as people confined to their homes looked to refresh their surroundings and found themselves with more time to dedicate to DIY projects. Hardware and home improvement stores were deemed by many governments as essential businesses, allowing them to remain open during the lockdowns.

预计在2024年之前，五年间硬件及家居改善商店的营收将以1.4%的复合年增长率上升，达到1558亿欧元。在确定销售额方面，私人对家居翻新与维护的支出、建筑活动、环境意识以及家庭数量各自发挥着重要作用。欧盟与英国在2023年之前经历了房地产市场繁荣，但随着抵押贷款利率的飙升，阻碍了许多人购买新房。尽管新房装修的需求下降，但越来越多的欧洲人开始关注于他们现有房产的维修、保养与翻新工作，从而推动了硬件及家居改善产品销售额的增长。这一趋势在COVID-19疫情期间加速，因为被困在家中的人们寻求刷新生活环境，并发现自己有更多时间投入DIY项目。许多政府将硬件及家居改善商店视为必需品行业，允许其在封锁期间保持营业。