15 Biggest Home Depot Competitors In 2022 (Full Guide)
Home Depot is the largest home improvement retailer in the United States, with more than 1,900 stores and $110.225 billion worth of revenue in 2020. What do you know about Home Depot’s rivals?
As of 2022, the largest Home Depot rivals are Lowe’s and Ace Hardware as well as Menard’s, True Value and Canadian Tire. While these stores carry similar products to Home Depot’s, Menard’s and Ace Hardware offer lower prices because they are wholesalers. Home Depot can also be competed with by stores like Amazon or Walmart that sell home-improvement tools.
Lowe’s has a lot in common with Home Depot, since they are the largest home improvement retailers.
Lowe’s also carries all the products needed for indoor and outdoor tasks.
Lowe’s also has more than 1.9774 locations in America and Canada. This translates into a $72.148 million annual revenue in 2020.
Menard’s Home Improvement Store is the best. They offer a range of household items, as well as paint and lumber.
Home Depot’s direct competitor is it because they sell similar products.
Menard’s operates in real estate and also has a development- and construction division.
Menard’s claims that they will save you more money and are known for offering lower prices than Home Depot.
Finally, there are 352 stores in the United States, with most locations being in the Midwest, which earned more than $12.8 billion of revenue in 2020.
True Value, a wholesale home improvement store that offers local products and is innovative in its approach to selling them, has been a leading innovator.
True Value also has over 4,500 locations worldwide. There are 400 True Value stores in over 60 countries.
Ace Hardware competes directly with Home Depot. Ace Hardware can be found in most rural areas. This allows for a personal touch with customers, which is not possible at large-box stores such as Home Depot.
Ace Hardware also has everything else you could need, such as:
Ace Hardware was a formidable competitor to Home Depot with a revenue of more than $7.76 trillion in 2020.
Canadian Tire in Canada competes directly against Home Depot. Canadian Tires is a leader in the manufacture and distribution of household, automotive, recreational, sporting, and hardware 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 stocks a number of items for your home, such as lawn and garden, or products to help you improve it.
However, Walmart doesn’t have near the selection that Home Depot does regarding home improvement items. Also, Walmart doesn’t carry lumber in-store.
Walmart is home to more than 10.500 stores, about half of which are located in the United States. It also has 408 stores here in Canada.
Williams Sonoma has a wide range of home products, including home furniture and cookware.
Williams Sonoma reported a $6.8 Billion in revenue for 2020. There are 625 shops worldwide.
Target has many home-related products, making it a rival to Home Depot.
Target reported a revenue of more than $93billion for 2020, and it has 1,800 U.S. stores. Additionally, Target has an international presence.
Home Hardware is one of Canada’s leading home improvement stores and directly competes with Home Depot in the Canadian market.
Home Hardware offers plumbing products, garden and home items, tools and painting as well as 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 company that specializes in building materials and tools.
It’s clearly visible that it is a direct rival to Home Depot on this market.
There are over 600 locations across Canada and the average sales exceed $4.3 billion. This makes it one of Canada’s leading purchasing cooperatives.
Amazon competes with Home Depot as it stocks just about every product you might need to complete your home improvement projects.
Best Buy can be seen as a direct competitor of Home Depot in categories such as home appliances, electronics, home improvement, and other home-related products.
Additionally, more people are turning to electronic markets to upgrade their homes to be smarter. Best Buy is able to 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, a market leader in residential and commercial flooring markets is directly competing with Home Depot.
Mohawk Industries sells ceramic flooring as well as wood flooring.
Furthermore, each store contains more than 50,000 products, so it offers an incredible variety that’ll ensure you find just what you’re looking for.
In 2020, there were more than 225 At Home shops in the United States that generated $1.73 Billion net sales.
Northern Tool & Equipment is a network of over 60 retail locations across eleven states.
In this shop, you will also be able to find the right industrial equipment.
Home Depot is one of its competitors in the tool and equipment market with sales exceeding $1 billion.
For more information on Home Depot, please visit our posts about Home Depot vs. Lowe’s statistics and facts as well the Home Depot target market.
Lowe’s and Menard’s are the main Home Depot rivals. Ace Hardware, Ace Hardware Canada Tire, Home Hardware and True Value are also available.
Home Depot can also be competed with by stores such as Walmart and Amazon, both of which sell a wide range of home goods at lower prices.
Best Buy also competes against Home Depot in home renovation, especially when it comes time to upgrade your Smart Home or purchase the relevant electronics.
Home Depot also faces competition from Williams Sonoma, At Home and Williams Sonoma in home furniture and decor.
Home Depot’s largest competitor is who?
The Home Depot’s competition Berkshire Hathaway and Lowe’s are the top three competitors. Walmart, Amazon, Walmart, and Amazon are also among them. The Home Depot sells home improvements specialty products.
Lowe’s Most Important Competitor:
Kingfisher (The Home Depot), Target, Walmart and Best Buy are Lowe’s’s most important competitors. Lowe’s sells products that are used in home maintenance, repairs, remodeling and construction. Kingfisher is a retailer of home improvement products.
Home Depot has Competitive Advantages
Answer: Home Depot relies on competitive pricing and high-quality customer service to stay ahead of its competitors. It also invests money in infrastructure, which allows for improved customer service.
Is Lowe’s Bigger Home Depot, Or Lowe’s?
The Home Depot’s largest stores are located in 2020. Lowe’s Companies, Inc. operates 1,974 stores.
.15 Biggest Home Depot Competitors In 2022 (Full Guide)