Published 24 October 2024

8 min read

DIY spending is rising globally as consumers improve rather than move amidst a housing market slowdown. Covering personal upskilling initiatives filling a major skills deficit and countering the shortfall in skilled tradespeople; next-gen tech to visualise, plan (and buy) interior and garden upgrades; do-it-with-me troubleshooting services and supporting renters with temporary DIY solutions, we reveal what’s boosting sales and engagement.

Brands Back Upskilling & Combat FOMU

Décor & Garden Planning via Upgraded XR Visualisation

Partnerships Inspo for Raising up the Renters

Expert Access for Planning, Design & Mid-Project Mishaps

Consumer desire for DIY is strong, but many – particularly Gen Zers and millennials – lack confidence: 70% of American DIYers avoid projects due to FOMU (fear of messing up) (BHG, 2024). Smart brands are reducing reluctance and promoting the satisfaction of self-reliance via in-person workshops and DIY-influencer collabs. In the UK alone, more than two-thirds of DIY projects are completed with social media assistance (B&Q, 2024).

Consumer desire for DIY is strong, but many – particularly Gen Zers and millennials – lack confidence: 70% of American DIYers avoid projects due to FOMU (fear of messing up) (BHG, 2024). Smart brands are reducing reluctance and promoting the satisfaction of self-reliance via in-person workshops and DIY-influencer collabs. In the UK alone, more than two-thirds of DIY projects are completed with social media assistance (B&Q, 2024).

Summary

Brands Back Upskilling & Combat FOMU

Consumer desire for DIY is strong, but many – particularly Gen Zers and millennials – lack confidence: 70% of American DIYers avoid projects due to FOMU (fear of messing up) (BHG, 2024). Smart brands are reducing reluctance and promoting the satisfaction of self-reliance via in-person workshops and DIY-influencer collabs. In the UK alone, more than two-thirds of DIY projects are completed with social media assistance (B&Q, 2024).

Décor & Garden Planning via Upgraded XR Visualisation

Canny brands are solving a key consumer pain point – home and garden improvement and transformation – via evolved visualisation tech fusing extended reality (XR) and spatial mapping technologies (including lidar, which uses laser pulses to measure distances to objects) and artificial intelligence (AI). All-in-one concepts go beyond pure visual ideation, letting users access step-by-step videos and buy supplies.

Partnerships Inspo for Raising up the Renters

While American millennials and Gen Zers are getting on the property ladder (see Key Stats), long-term renting is still a reality for many, especially in Europe, where home ownership is falling – particularly among younger generations – and 31% rent their homes (Eurostat, 2023). Prime candidates for brand partnerships, authors and influencers spotlight how to approach this cohort and get creative despite stricter parameters.

Expert Access for Planning, Design & Mid-Project Mishaps

Other brands are establishing sophisticated project support via access to experts. Key tactics include do-it-with-me formats fusing DIY and DIFM (do-it-for-me) approaches to tackle mid-project regret (experienced by 89% of American DIYers, leading 74% to abandon projects (BHG, 2024)), price-tiered garden design and AI tools for diverse purposes, such as marshalling image recognition for replacement parts and PhD-level horticulture expertise.

Home Improvement Retail: New Trends, Tools & Tactics

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Offering access to over 350 consumer and cross-industry reports annually, Stylus Membership is your window to tomorrow’s most exciting opportunities.

We already arm more than 500 of the world’s most forward-thinking brands and agencies with the creative insights they need to make transformative business decisions.

We’d love to do the same for you.

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