In 2020, UK citizens were seemingly one in buying the cheapest cordless drill as many were bitten by the DIY-home-improvement bug caused by the stay at home orders. A cordless power drill, especially the model that can drill, hammer and drive screws can make working on a home improvement project not only faster and easier but also more enjoyable. Actually, Britons have been noted to be fascinated with do-it-yourself home decorating and repair initiatives ever since power tools became handy, cordless tools,
This trend has been going on for years, making the power tools industry a robust source of revenue for the UK government. The British power tool market is projected to take on as much as GBP3.9 billion (USD5 billion) by year 2027, as the DIY market in the country continues to be in high demand. Currently, the estimated value of the British power tools industry approximates GBP1.4 billion. The growth has been noted to be corollary to that of the retail home interior designs and decor market, which is already worth GBP 1.5 billion.
Why DIY Home Improvement is Still Trending in the UK?
The DIY movement has been growing after the British government started offering British families means to buy their own homes in suburban housing projects outside of London. Up to now, the UK government runs a program called “Help to Buy” financial assistance that allows first-time home buyers to affordably borrow money they could use to put up as equity, representing their down payment for an affordable housing scheme.
Since thousands were able to buy their own home, and thousands more have filed applications for the “Help to Buy” government home-buying support, new home owners have been driving sales in the power tools market, particularly the cheapest but most versatile cordless power drill they could find.
The UK government actually stepped up with its home-buying assistance during the global pandemic This made moving to suburban areas outside of London and other UK cities a wise decision for many families. Parents worked from home while their children continued with school work online.
While it became necessary to remodel some parts of the house, to set up study areas and home offices, people wanted to save money by doing things on their own. After all, the Internet is full of how-to videos, which gave them the confidence to do work efficiently using power drills.
As reports have it, 65% of UK citizens are now homeowners. This gave credence to a 2014 survey that revealed the desire of about 86% of UK citizens to own their own home