DIY, or Do it Yourself is not new. People have been DIYing since, well since forever, literally. However, like many other things, the internet and specifically the social aspect of the internet has accelerated the phenomenon and facilitated endless global possibilities.
The DIY world is exploding, and according to Technavio is expected to be worth north of $13.9 billion by 2021. People are DIYing more than ever before, but industry leaders say we haven't even begun to scratch the surface.
For example, Hometalk (the world's largest DIY community), says it is their mission to get people to DIY more. And "do it" they are, with people creating hundreds of products every day. Whether camera tripods, back yard benches or hundreds of other home accessories, many have a passion for making it happen with their own two hands.Yaron Ben Shaul, CEO of
So what is it about DIY that is so popular and that makes it resonate with so many millions of people around the world? Moe Mernick, who leads biz dev at Hometalk explains "Think about the experience of building your own home. Going into Home Depot, but being accompanied with your friends who can give you advice on what to choose and how to decorate. Think about building it together with your community that is just excited about the project as you."
Some people use DIY as a healthy way to escape from the stress of every-day life. They tap into creativity they didn't even know they possessed. I must confess that I feel more rewarded when I get it done without hiring someone.
Another interesting phenomenon of DIY is the desire to share your creation. On other platforms such as YouTube or even twitter, most people consume, they don't create. When it comes to DIY, people are creating and sharing at an unprecedented pace.
DIY has seemingly tapped into a basic human been to create, to enhance, to push the limits of what one can do with little to no expense or elaborate resources. It's become somewhat of a challenge online, how far can I go without spending money? How creative can I be?
Some DIY videos are quietly amassing huge view counts, such as this one that shows how a couple turned inexpensive bookshelves into an impressive wall unit.
What has not changed in the DIY space are some the main vendors which include Ace Hardware, ADEO, Home Depot, Lowe's, Menard and Walmart.
But what is most interesting about DIY is the lack of attention it receives, while it continues to expand globally and penetrate new markets and continents. That means there is great opportunity for those interested in entering this market.
While the tech world continues to advance toward more automation including autonomous cars and AI, the growth of the DIY markets seems to indicate clearly, that humans are still manually creating and producing on a daily basis. We won't let the robots take us down without a fight...
Hometalk and the DIY space as a whole are growing fast with no signs of slowing down. People like to build, and DIY facilitates that need while embracing creativity, mutual encouragement and the celebration of successful DIYing.