15 Biggest Home Depot Competitors In 2022 (Full Guide)
Home Depot is America’s biggest home improvement retailer with over 1,900 locations and $110.225 million in revenue for 2020. What do you know about Home Depot’s rivals?
Lowe’s is a competitor to Ace Hardware, Menard’s True Value, Menard’s and Lowe’s as Home Depot’s largest competitors. While these stores carry similar products to Home Depot’s, Menard’s and Ace Hardware offer lower prices because they are wholesalers. Home Depot’s competitors include Walmart and Amazon, both of which offer home improvement products.
Lowe’s can be compared to Home Depot as it’s one the most important home-improvement retail outlets.
Lowe’s also stocks products suitable for outdoor and indoor household tasks.
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 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.
Furthermore, Menard’s is in the real estate market and 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.
Last, but not least: 352 American stores are available. Many of the locations can be found in Midwest which generated more than $12.8 Billion in revenues in 2020.
True Value Home Improvement Wholesale is a pioneer and leader because they offer products relevant to their location to local consumers.
Additionally, True Value has more than 4,500 stores worldwide, including 400 stores in more than 60 countries.
Ace Hardware is a direct competitor to Home Depot. That said, it’s found mostly in rural areas, offering a more personal connection to customers than big-box chains like 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 is a leader in the manufacture and distribution of household, automotive, recreational, sporting, and hardware products.
Canadian Tire sells many of the same items as Home Depot.
In 2020, Canadian Tire’s revenue was $14.87 billion, which is incredible for a company with about 1,600 locations throughout Canada.
Walmart is a retailer that offers many household products and also lawn and gardening items.
However, Walmart doesn’t have near the selection that Home Depot does regarding home improvement items. Walmart also does not carry lumber in its stores.
Walmart has more than 10,500 stores worldwide, with about half in the United States and more than 408 stores in Canada.
Williams Sonoma has a wide range of home products, including home furniture and cookware.
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:
Moreover, Target had more than $93 billion in revenue for 2020 and operates more than 1,800 stores in the United States. 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 also sells tools, plumbing, gardening, paint, and other products.
Home Hardware also earned over 6.6 billion Canadian dollars in 2020. It operates in more than 1100 places across the country.
ILDC, Independent Lumber Dealers Co-Operative, is a Canadian company that specializes in building materials and tools.
This is clearly a direct competition to Home Depot.
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 can be compared to Home Depot because it offers just about everything you need, from tools and equipment, for home improvements, as well as lawn care.
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.
In addition, as young people buy homes, they look to the electronic market for Smart Home options. Best Buy offers a better deal than Home Depot.
Best Buy operates more than 1110 retail outlets around the globe and has made over $47 million in 2020.
Mohawk Industries is the leader in commercial and residential flooring, so it can be considered a direct competitor of Home Depot.
Mohawk Industries stocks ceramic flooring and hardwood flooring. The products offered are of 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 boasts more than 60 locations in eleven states. It’s a wonderful place to shop for a variety of home goods, such as hardware and tools.
Also, this store has industrial equipment that you might need for your business.
Home Depot is one of its competitors in the tool and equipment market with sales exceeding $1 billion.
Home Depot is a market that focuses on the home.
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 has a competitive edge over Home Depot, especially in the home-improvement sector.
Home Depot competes with Williams Sonoma or At Home for home furnishing and decor.
Which is Home Depot’s biggest 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.
Lowe’s Greatest Competitor
Kingfisher and Target are Lowe’s’s main competitors. Lowe’s offers products for decorating, home construction and maintenance. Kingfisher sells products for home improvement.
What Are The Competitive Advantages Of Home Depot?
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 Than Lowe’s
In 2020, the majority of The Home Depot’s stores were located in the United States and it operated over 2,000 stores worldwide, while Lowe’s Companies, Inc. operated 1,974 stores.Mar 31, 2021
.15 Biggest Home Depot Competitors In 2022 (Full Guide)