15 Biggest Home Depot Competitors In 2022 (Full Guide)
Home Depot is the United States’ largest home improvement retailer. In 2020, it had more than 1900 stores and was worth $110.225billion. Are you aware of Home Depot’s competition?
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. Additionally, stores like Amazon and Walmart compete with Home Depot because both 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 has the same type of products to help with all outdoor chores.
Lowe’s owns more than 1.974 retail stores across the United States, Canada and generates an annual revenue totaling $72.148 billion for 2020.
Menard’s Home Improvement Store is the best. They offer a range of household items, as well as paint and lumber.
It sells the same products as Home Depot and is therefore a direct rival.
Furthermore, Menard’s is in the real estate market and has a development and construction division.
Menard’s’ slogan is you’ll be saving more and they are better than Home Depot.
There are currently 352 US stores. The majority of them can be found in the Midwest. They earned over $12.8 billion in revenue in 2020.
True Value Wholesale Store is an innovator in the home improvement industry because it provides products that are relevant and local to customers.
True Value owns more than 4500 retail stores around the world, with 400 locations in over 60 different countries.
Ace Hardware is a direct competitor to Home Depot. Ace Hardware is a direct competitor to Home Depot. It’s located mainly in rural areas and offers a closer connection with customers than large-box chain stores like Home Depot.
Ace Hardware is also home to everything you will need:
Ace Hardware also generated $7.76 Billion in revenues for 2020. This makes it an even tougher competitor to Home Depot.
Canadian Tire in Canada competes directly against Home Depot. Canadian Tires’ core business is automotive, hardware, leisure and household products.
You’ll also find many items similar in Canadian Tire to those at Home Depot. This includes power tools, equipment, and other items.
Canadian Tire posted a record revenue of $14.87billion for 2020. This impressive figure is remarkable considering it has approximately 1,600 locations in Canada.
Walmart offers a variety of household goods, lawn and garden items, home improvement products, and more that allow it to be a competitor to Home Depot.
Walmart is unable to offer as many home-improvement items as Home Depot. 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 stocks a number of products that can be used in the home.
In 2020, Williams Sonoma’s revenue topped $6.8 billion, and there are more than 625 stores in operation worldwide.
Target can be compared to Home Depot as it also sells many products for home such:
Target also had more $93 billion in 2020 revenue and has more than 1800 locations in the United States. It also has an international presence.
Home Hardware Canada is Canada’s top home improvement shop and direct competitor to Home Depot.
Home Hardware also offers plumbing supplies, home- and garden products, tools, painting and automotive products.
Home Hardware was also able to earn more than 6.8 billion Canadian dollars for 2020. The company has over 1,100 outlets across the country.
ILDC (Independent Lumber Dealers Co-Operative) is a Canadian business that specializes on building materials and tools.
This is clearly a direct competition to Home Depot.
It is also home to more than 600 stores in Canada. The company’s sales regularly exceed $4.3 Billion, which makes it one the most important buying cooperatives.
Amazon is a competitor to Home Depot since it sells just about anything you could want or need for your home improvement projects, including tools, equipment, and lawn care.
Best Buy in Home Depot’s electronics and home improvements categories is directly competing with Home Depot.
Aside from that, young homeowners are increasingly turning to the electronic marketplace to transform their homes into Smart Homes. Best Buy will beat Home Depot.
Best Buy has more than 1110 locations worldwide and made $47 Billion in 2020. The company also continues its expansion of its e-commerce business.
Mohawk Industries, a market leader in residential and commercial flooring markets is directly competing with Home Depot.
Mohawk Industries stocks ceramic flooring and hardwood flooring. The products offered are of high quality.
Each store stocks more than 50,000 items, which means that you will find the right product for you.
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.
It is therefore one of Home Depot’s main competitors in the market for tools and equipment, having sold more than $1 million.
To know more about Home Depot, you can also see our posts on Home Depot vs. Lowe’s, Home Depot statistics & facts, and the Home Depot target market.
Lowe’s Home Depot competition includes Ace Hardware Ace Hardware Canadian Tire Ace Hardware Home Hardware Home Hardware and True Value
Home Depot’s competitors include Walmart and Amazon who both offer more home products for a lower price.
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 also faces competition from Williams Sonoma, At Home and Williams Sonoma in home furniture and decor.
Home Depot’s Most Significant Competitor:
The Home Depot’s rivals Berkshire Hathaway (lowe’s), Walmart, Amazon and Amazon are some of the most prominent competitors. The Home Depot is a home improvement specialty retailer.
Lowe’s Biggest Competition
Lowe’s’s top competitors include Kingfisher, The Home Depot, Target, Walmart, Best Buy, Costco and Bed Bath & Beyond. Lowe’s carries products to help with home repair, construction, remodelling, and decoration. Kingfisher is a home improvement retailing company.
What Are The Competitive Advantages Of Home Depot?
Answer: Home Depot relies heavily on its competitive pricing strategy and top-quality customer service to stay ahead. In order to increase its competitive advantage, Home Depot also invests heavily in infrastructure that will allow for better 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)