French DIY Market Declines by 1.4% in 2023 Amidst Inflation

France: French DIY stores experienced a 1.4% decrease in turnover in 2023 compared to the previous year, as reported by the French DIY retail and manufacturer associations FMB and Inoha. The 14 distribution chains included in the statistics generated a combined sales volume of USD 25.8 billion. The Adeo Group, with brands like Leroy Merlin, Weldom, and Bricoman, accounted for 48% of the market, while the British Kingfisher Group, with Castorama and Brico Dépôt, held 24.7%. Despite the decline, the e-commerce sector saw a slight increase, contributing 5.3% of total turnover. Of the eleven product groups surveyed, only four showed growth, with paints and adhesives seeing the highest increase at 2.3%. Despite the downturn, the DIY market remains resilient, reflecting the continued interest of French consumers in home improvement projects.

Source: DIY International