DIY market worth €538 billion: report

COLOGNE — In 2015, the DIY home improvement world market turnover reached €538 billion, an increase of 3% compared to last year, according to a report released by Fediyma, the European Federation of DIY Manufacturers. North America and Europe combined represent 86% of this world market, although their joint population accounts for only 23% of the world population. The DIY markets of these two continents total €463 billion. North America had the highest average DIY expenditure per capita in 2015 with €854. Approximately 83% of the global DIY market (€447 billion) is concentrated in only eight countries: the U.S., Germany, Japan, Canada, the UK, France, Australia, and Italy. Moreover, the three major DIY countries in Europe (Germany, France and United Kingdom) represent 57% of the continent’s market.