Do you know where to shop DIY? This article will cover customer demographics, competition landscape, and options for online shopping. You'll also discover the trends in DIY retailing. These are the essential things to know whether you are a beginner DIYer or an expert. Continue reading to find out more. These handy tips and resources will help you get started. You'll be glad you did. Listed below are some of our favorites.
Trends for DIY retailing
While the DIY industry has been growing in recent years, it has been slowing down in recent months. DIY retail sales fell by 8.7% in March, and spending in DIY stores, online, and on cars and bars slowed by 25%. This industry is expected to grow at 4.0% annually and reach US$96.935 million in 2024. It also targets every age group, from college students to retired people.
Recent research shows that ecommerce will take 28% of DIY market share by 2025, according to recent research. This figure will increase to 50% in the UK. The industry is also gaining ground on the global market with ecommerce, averaging a ten percent growth rate over the next five years. Jonathan Jagard (Senior Manager, Ecommerce Insights), Edge by Ascential believes that ecommerce can be a tremendous opportunity for brands offering a high price point, which can offset the costs of fulfillment.
Customer demographics
You've likely noticed that more people use the internet to shop. Now it may be time for you to consider customer demographics when doing your own shopping online. You've likely noticed that the younger generation has become the most frequent online shopper, while over-55s have become the fastest-growing demographic in the past five years. This is a significant shift from the old stereotype of older people being technophobes.
You can use customer information to target your marketing efforts better and identify which products and services are most valued by your customers. Your marketing strategy will be more effective if you know the demographics of your customer base. It is essential to understand your audience in order to create a brand image that appeals to them. Your sales will increase if your products and/or services are more relevant to your customers. This will also help you retain your customers.
Competitive landscape
Online retailers are increasingly popular among DIY customers who purchase most of their tools and materials from them. Although most DIY information is now available online, it's still important for consumers to see a store representative to help them understand and learn what they need to complete a project. These strategies work well for big-box retailers. However, small businesses can also reap the benefits of this trend. For DIY-oriented millennials who prefer to shop in stores than online, demonstrations in-store of high-quality products is essential.
The demand for tools and supplies is increasing as DIY projects become more popular. COVID-19 may cause financial problems for many consumers. McKinsey revealed that 66% UK consumers expected the tax would have an adverse effect on their finances over the next two months. 36% of respondents plan to cut back on their spending. This trend drives demand for DIY services and products.
Online shopping
DIY enthusiasts have many options when it comes to shopping online. Problem with brick-and mortar stores is their limited shelf space and retail agreements. In comparison, online shopping has no such constraints. You can find exactly what you're looking for from an assortment of sellers and brands - from big names in the DIY world, to smaller independent stores.
FAQ
What is the average time it takes to finish furniture?
It depends on the size of the piece of furniture. A smaller project like picture frames or boxes can be completed in a single day. Larger projects like tables and desks take many days. It takes time to stain and seal the wood properly.
What type of wood should I choose?
The most commonly used woods for woodworking are oak, maple, cherry. Every type of wood is different and can have a unique look and feel that will affect the final product. For example, oak tends to be darker and harder than other woods. Birch is light and soft, while mahogany can be heavier and more dense. You can also pick between veneers and solid wood. Veneers are thin sheets or wood that are glued together into one layer.
What would be your first step in woodworking?
Start with softwoods such as pine and poplar. These two are the easiest to master, then you can transition to hardwood.
How do I get started with woodworking?
You can learn the most effective way to build furniture by actually building it. Although you will need to have tools and may make mistakes along your journey, you'll soon be able to master it.
Choose a project that interests you. It could be something as simple as a box or as elaborate as a full-scale entertainment center. Once you've decided on a project, find a local woodworker who specializes in that kind of work. Ask them for their advice about the tools and where they can be found. It's possible to ask your friend if they do this type of work.
Statistics
- If your lumber isn't as dry as you would like when you purchase it (over 22% in Glen Huey's opinion…probably over 10-15% in my opinion), then it's a good idea to let it acclimate to your workshop for a couple of weeks. (woodandshop.com)
- The U.S. Bureau of Labor Statistics (BLS) estimates that the number of jobs for woodworkers will decline by 4% between 2019 and 2029. (indeed.com)
- Overall employment of woodworkers is projected to grow 8 percent from 2020 to 2030, about as fast as the average for all occupations. (bls.gov)
- Woodworkers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $108,000. (zippia.com)
External Links
How To
How do you measure wood accurately?
We use several methods to measure wood. We use a digital ruler (a tool to measure distances), laser level (used for leveling your work surface), and bubble level (used for levelling your work surface).
A digital caliper has two jaws that open and close. The one jaw holds the object to be measured, while the other measures distance between them. Digital calipers are great for measuring small distances, such as thicknesses of wood.
Laser levels feature an infrared-light beam that projects lines across the floor. The laser emits red dots on the line. If you look down on the line, it will show whether the surface appears even or not. Laser levels are best for checking the accuracy of large surfaces.
Bubble levels look similar to a compass. The device's center bubble is visible. As long as the bubble is centered, the device will tell you whether the surface is level or not. Bubble levels can be used for checking the accuracy in smaller areas.