Despite high growth in 2022 for a number of home improvement products, the category is expected to stabilise over the forecast period, with a more subdued performance in 2023 in particular. First, many consumers chose to renovate their homes during the pandemic or in 2021, driven by greater time spent at home.
The ongoing war in Ukraine has affected the supply of a number of raw materials used in the production of many home improvement items in Spain. In addition, these availability disruptions are expected to continue over part of the forecast period, driving up raw material prices.
While online sales of home improvement recorded dynamic growth during the pandemic years, a return to more normal levels of consumption and habits – such as visiting physical stores – is expected to subdue future growth potential. A number of home improvement categories are not particularly suited to online delivery.
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Understand the latest market trends and future growth opportunities for the Home Improvement industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Improvement industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Improvement
Includes: products purchased by consumers through retail channels.Excludes: commercial sales to professional builders / tradesmen / contractors etc. Home improvement refers to bathroom and sanitaryware, decorating sundries, floor covering, hand tools, hardware, home paint, kitchen sinks, power tools, wall covering and other home improvement.
See All of Our DefinitionsThis report originates from Passport, our Home Improvement research and analysis database.
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