Published on : Apr 12, 2016
ALBANY, New York, April 12, 2016: Ever since the introduction of DIY retail, the sector has been performing exceedingly well across the globe. Now, DIY retail is expected to give tough competition to home improvement stores, especially in Central and Eastern Europe. The DIY retail sector is expected to gain from the surge in residential property transactions. The home improvement products market tends to be very narrowly tied to the total number of house moves. Home improvement or home remodeling is the biggest segment in the DIY retail market in Central and Eastern Europe. In the years to come, the growth of the DIY retail market in Central and Eastern Europe is expected to be supported by the presence of media, be it through the online presence in the form of social media or video websites or through traditional mediums such as television.
Over the past few years, the widening distribution channels have propelled the DIY retail in Central and Eastern Europe market. Some of the popular distribution channels are DIY chains, grocery hypermarkets, online sales, and independent stores. Thanks to the advancements in the technology, DIY retail is now able to offer both, offline and online services. Leading players in the DIY retail in Central and Eastern Europe market are focusing on enhancing their DIY services. The entry of new players in the global market is expected to propel the DIY retail in Central and Eastern Europe Market in the next few years.
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The DIY retail stores enable people to seek data on various brands and compare details such as price, design, quality, and then decide to purchase the best one as per the individual’s choice and comfort. The existence of many retail stores such as supermarkets, hypermarkets, and specialty stores is one of the major drivers for the DIY retail in Central and Eastern Europe market. By geography, the DIY retail in Central and Eastern Europe market is divided into Hungary, the Czech Republic, Poland, Bulgaria, Romania, Russia, and Ukraine. With the rise in brand consciousness amongst people, there is a rise in the importance of retail stores carrying branded DIY consumer goods. The increasing acceptance of DIY retail services is expected to propel the DIY retail in Central and Eastern Europe market in the years to come.
The DIY retail in Central and Eastern Europe market is expected to be highly competitive in nature in the next few years. The growth of the DIY retail market is predicted to spur vendors to introduce new products to match the changing trends. Additionally, the increasing adoption of DIY activities is expected to boost the DIY retail in Central and Eastern Europe market in the next few years.
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