15 Biggest Home Depot Competitors
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. 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 is very similar to Home Depot since it’s one of the biggest home improvement retail stores.
Lowe’s also carries all the products needed for indoor and outdoor 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 Home Improvement Store is the best. They offer a range of household items, as well as paint and lumber.
Because it sells similar products, it is a direct competitor to Home Depot.
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.
The United States boasts 352 stores. These are mainly located in the Midwest.
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 operates more than 4,500 shops worldwide. It also owns 400 stores in over 60 other 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 is a strong competitor to Home Depot, with more than $7.76billion in sales for 2020.
Canadian Tire is directly competing with Home Depot Canada. With that, Canadian Tires specializes in automotive, hardware, leisure, sports, and household goods.
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 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, however, doesn’t offer the same variety of products for home improvement as Home Depot. Walmart also does not carry lumber in its stores.
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 sells a range of items for your home including furniture, kitchenware, 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. Target also has a global presence.
Home Hardware Canada, one of Canada’s best-known home improvement shops competes directly against Home Depot.
Additionally, Home Hardware sells plumbing supplies, home and garden items, tools, painting, and even 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.
You can clearly see that Home Depot is directly competing with it in this space.
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 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.
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 is the leader in commercial and residential flooring, so it can be considered a direct competitor of Home Depot.
Mohawk Industries has a variety of ceramic, wood, and other similar products. They are all 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.
In addition, the net sales from more than 22 At Home locations in the United States totaled $1.73Billion for 2020.
Northern Tool & Equipment operates more than 60 shops in 11 states. This is a fantastic place to find home supplies, including tools and hardware.
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.
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.
Lowe’s Home Depot is competing with Ace Hardware, Menard’s Home Hardware, Canadian Tire and Home Hardware.
Home Depot and Amazon are also competitors since they both sell more items at lower costs than Walmart or Amazon.
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 faces stiff competition from Williams Sonoma (at Home) when it is comes to decor and home furnishings.
What is Home Depot’s Biggest Competition?
The Home Depot’s major competitors Berkshire Hathaway’s Lowe’s Walmart, Amazon and Amazon rank among their top contenders. The Home Depot is an online home improvement retailer.
Lowe’s Most Important Competitor:
Kingfisher’s are the top competitor to Lowe’s. Lowe’s is an online retailer that sells home products, including those for construction, renovation, repair and remodeling. Kingfisher is a retailer of home improvement products.
What are the Competitive Advantages of Home Depot?
Answer: Home Depot is competitive in pricing and provides high-quality customer services to keep it ahead of the rest. To bolster its competitive advantage, the company also invests in infrastructure to enable better customer service.
Is Lowe’s Bigger Home Depot Than Lowe’s
The majority of The Home Depot’s 2020 stores were in America. It operated more than 2,000 stores around the world, while Lowe’s Companies, Inc. had 1,974 locations. Mar 31, 2021
.15 Biggest Home Depot Competitors In 2022 (Full Guide)
