15 Biggest Home Depot Competitors In 2022 (Full Guide)
Home Depot is the biggest US home improvement retailer. It has over 1900 stores, and generated $110.225 Billion in sales in 2020. Do you know the competitors of Home Depot?
Lowe’s is a competitor to Ace Hardware, Menard’s True Value, Menard’s and Lowe’s as Home Depot’s largest competitors. Although these stores offer similar products as Home Depot, some of them, like Menard’s Wholesalers, have lower prices. Home Depot can also be competed with by stores like Amazon or Walmart that sell home-improvement tools.
Lowe’s can be compared to Home Depot as it’s one the most important home-improvement retail outlets.
Lowe’s also has the same type of products to help with all outdoor chores.
Lowe’s is home to more than 1.974 stores, in both the United States of America and Canada. In 2020, it generated $72.148billion in revenue.
Menard’s, a top home improvement retailer, offers a wide range of products for the home including paint and lumber.
Home Depot’s direct competitor is it because they sell similar products.
Menard’s also has a construction and development division.
Menard’s’ slogan is you’ll be saving more and they are better than Home Depot.
The United States boasts 352 stores. These are mainly located in the Midwest.
True Value Home Improvement Wholesale is a pioneer and leader because they offer products relevant to their location to local consumers.
True Value is also home to more than 4500 stores, which includes 400 shops in over 60 nations.
Ace Hardware is directly competing with Home Depot. It is located in the countryside and provides a better connection to customers than larger-box chains such as Home Depot.
Ace Hardware offers everything that you might need including:
Ace Hardware has surpassed Home Depot in terms of revenue, with $7.76 billion for 2020.
Canadian Tire directly competes with Home Depot in Canada. Canadian Tires’ core business is automotive, hardware, leisure and household products.
Canadian Tire also has many products that are very similar to Home Depot’s, such as power tools and equipment.
Canadian Tire generated $14.87Billion revenue in 2020. This was a staggering figure considering that the company operates approximately 1,600 locations all across Canada.
Walmart sells a wide range of home goods and lawn and garden products as well as products for the home that can be used to improve your house.
Walmart is unable to offer as many home-improvement items as Home Depot. Walmart does not stock lumber.
Walmart operates more than 10500 locations worldwide. About half of these are in America, while 408 Canadian stores can be found in Canada.
Williams Sonoma has a wide range of home products, including home furniture and cookware.
Williams Sonoma recorded $6.8Billion in sales for 2020. More than 625 of its stores are currently open worldwide.
Target has many home-related products, making it a rival to Home Depot.
Target also had more $93 billion in 2020 revenue and has more than 1800 locations in the United States. Additionally, Target has an international presence.
Home Hardware is Canada’s most renowned home improvement retailer and competes directly with Home Depot on the Canadian market.
Home Hardware also offers plumbing supplies, home- and garden products, tools, painting and automotive products.
Also, Home Hardware earned more than 6.6 billion in Canadian dollars in 2020 and operates more than 1,100 locations throughout the country.
ILDC (Independent Lumber Dealers Co-Operative) is a Canadian business that specializes on building materials and tools.
As you can see, it’s a direct competitor to Home Depot in this market.
Also, there are more than 600 locations in Canada, and sales routinely surpass $4.3 billion, making it one of the leading buying cooperatives.
Amazon has many advantages over Home Depot. It sells almost everything that you would need for your home, such as tools and equipment.
Best Buy is a direct competitor to Home Depot in the home appliances, electronics, and home improvement categories.
On top of that, as more young people purchase homes, they turn to the electronic market to make their home a Smart Home, which is where Best Buy can beat Home Depot.
Best Buy owns more than 1110 retail stores around the world and earned $47 billion in 2020. It also expands its online market.
Mohawk Industries leads the market in commercial and residential flooring. This makes Mohawk Industries a direct competitor in this space to Home Depot.
Mohawk Industries offers ceramic and wood flooring. All products are high-quality.
Additionally, every store has over 50,000 products so you can be sure to find what you are looking for.
In addition, the net sales from more than 22 At Home locations in the United States totaled $1.73Billion for 2020.
Northern Tool & Equipment has more than 60 stores in 11 states, and it’s a great place to go for various home products, including hardware, tools, and equipment.
Also, this store has industrial equipment that you might need for your business.
It is therefore one of Home Depot’s main competitors in the market for tools and equipment, having sold more than $1 million.
Home Depot information can be found in our articles on Lowe’s vs. Home Depot, Home Depot facts & statistics, Home Depot market target, and Home Depot’s history.
The main Home Depot competitors include Lowe’s, Menard’s, Ace Hardware, Canadian Tire, Home Hardware, and True Value.
Additionally, stores like Amazon and Walmart compete with Home Depot since both carry a variety of items for the home at lower prices.
Best Buy can also be compared to Home Depot for home improvement projects, such as upgrading to Smart Homes and buying relevant electronics.
Home Depot competes with Williams Sonoma or At Home for home furnishing and decor.
What is Home Depot’s Biggest Competition?
The Home Depot’s main competitors Berkshire Hathaway’s Lowe’s and Walmart are among the Top 5 competitors. The Home Depot specializes in home improvement.
Lowe’s Greatest Competitor
Kingfisher (The Home Depot), Target, Walmart and Best Buy are Lowe’s’s most important competitors. Lowe’s carries products to help with home repair, construction, remodelling, and decoration. Kingfisher, a company that sells home improvements.
Home Depot’s Competitive Advantages
Answer: Home Depot is competitive in pricing and provides high-quality customer services to keep it ahead of the rest. It also invests money in infrastructure, which allows for improved customer service.
Which is bigger, Lowe’s or Home Depot?
The Home Depot’s majority of stores in 2020 were located in the United States. Lowe’s Companies, Inc. owned 1,974 stores.
.15 Biggest Home Depot Competitors In 2022 (Full Guide)