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. 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. These stores sell similar products to Home Depot, but some, such as Menard’s, offer much lower prices since it’s a wholesaler. Home Depot’s competitors include Walmart and Amazon, both of which offer home improvement products.
Lowe’s has a lot in common with Home Depot, since they are the largest home improvement retailers.
Also, Lowe’s carries the same types of products for all indoor and outdoor household tasks.
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 is a leading home improvement store offering a variety of items for your home, including paint, lumber, and household goods.
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 has a tagline that says you’ll save money. The company also boasts lower prices than Home Depot.
The United States boasts 352 stores. These are mainly located in the Midwest.
True Value Wholesale Store is an innovator in the home improvement industry because it provides products that are relevant and local to customers.
Additionally, True Value has more than 4,500 stores worldwide, including 400 stores in more than 60 countries.
Ace Hardware competes directly with Home Depot. Ace Hardware, however, is more common in rural locations and has a stronger connection to its customers than the big-box chain Home Depot.
Additionally, you’ll find everything you need at Ace Hardware, including:
Ace Hardware was a formidable competitor to Home Depot with a revenue of more than $7.76 trillion in 2020.
Canadian Tire directly competes with Home Depot in Canada. Canadian Tires has a strong focus on automotive, home, hardware and sports.
Also, many of the items you’ll find in Canadian Tire are similar to items in Home Depot, including power tools and equipment.
In 2020, Canadian Tire’s revenue was $14.87 billion, which is incredible for a company with about 1,600 locations throughout 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 does not have the same selection of home improvements items as Home Depot. Walmart also doesn’t sell lumber in-store.
Walmart boasts over 10,500 retail outlets worldwide. There are approximately half located in the United States, and there are more than 408 locations 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 is a competitor to Home Depot since it sells various products for the home, including:
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, one of Canada’s best-known home improvement shops competes directly against Home Depot.
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.
As you can see, it’s a direct competitor to Home Depot in this market.
Canada has more than 600 locations, with sales exceeding $4.3B per year, making it one among the top 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 has direct competition to Home Depot when it comes to home appliances and electronics.
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 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 leads the market in commercial and residential flooring. This makes Mohawk Industries a direct competitor in this space to Home Depot.
At Mohawk Industries, you can find ceramic flooring, wood flooring, and several similar products, with everything being of very high quality.
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.
For 2020, net sales of $1.73 trillion were also made by more than 215 At Home stores in America.
Northern Tool & Equipment is a network of over 60 retail locations across eleven states.
You can also find industrial equipment here for your company.
It is therefore one of Home Depot’s main competitors in the market for tools and equipment, having sold more than $1 million.
You can read our post on Home Depot vs. Lowe’s and Home Depot statistics & figures, as well as the Home Depot target markets.
Lowe’s Home Depot competition includes Ace Hardware Ace Hardware Canadian Tire Ace Hardware Home Hardware Home Hardware and True Value
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.
Further, Best Buy competes with Home Depot in the home improvement sector, especially when upgrading to a Smart Home and purchasing relevant electronics.
Home Depot competes with Williams Sonoma or At Home for home furnishing and decor.
Home Depot’s Most Significant Competitor:
The Home Depot’s competitors The Home Depot’s top competitors include Berkshire Hathaway, Lowe’s, Walmart and Amazon. The Home Depot is an online home improvement retailer.
Who Is Lowe’S Biggest Competitor?
Kingfisher and Target are Lowe’s’s main competitors. Lowe’s is a retailer of products for home construction, maintenance, repair, remodeling, and decorating. Kingfisher is a retailer of home improvement products.
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. 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)