In the home improvement retail industry, Home Depot is the largest retailer in the United States. Home Depot’s competitors are Lowe’s, Ace Hardware, and HomeGoods.
Yes, Home Depot is the biggest retailer in the United States and Canada. Some of the major Home Depot competitors are Lowe’s, Best Buy, and Lowes!
Home Depot Competitors In 2022
The most popular Home Depot competitors are Lowe’s, Ace Hardware, and Menards as of 2022. Home Depot and its competitors often compete with each other because they often sell similar products. Lowe’s also competes with Home Depot and its competitors because it’s a wholesaler, and sells much lower prices than any of its competitors.
In terms of how much revenue they made in 2020, it was just about $8.2 billion, according to Home Depot’s 2020 annual report.
Lowe’s is also a home improvement retail store that sells home improvement supplies.
Lowe’s is a big and reliable supplier of home improvement products.
There are more than 1.974 Lowe’s stores in the United States and Canada. It generated an annual revenue of $72.148 billion in 2020.
Menards is a home improvement store that carries a variety of items, including paint, lumber, and household goods.
Because it is located just five miles from Home Depot, it is a direct competitor to Home Depot.
The original version of the article also stated that the firm is in the real estate market.
Home Depot is known for having the lowest prices in the construction industry and Menard’s is among the most affordable.
Finally, there are 352 stores in the United States, with most locations being in the Midwest, which earn more than 12.8 billion of revenue in 2020.
3. True Value
True Value has been around for 25+ years and it always offers high quality products and provides excellent service to its customers.
There are over 6,500 True Value stores worldwide, and more than 400 in more than 60 countries.
In 2019, True Value made $4.94 billion in retail sales. It shows that True Value Company is nearly as strong as Home Depot since it made the sales volume almost the same amount as the Home Depot.
4. Ace Hardware
Some people think that Ace Hardware is small because its found mostly in small towns, but most stores have more than 50,000 sq. ft.
— the same high-quality, affordable products you know and trust.
Ace Hardware is in over 5,500 stores in over 70 countries which include Canada!
Ace Hardware generated revenue of $7.76 billion for the year 2020.
While Home Depot is a competitor, the growth has been remarkable.
5. Canadian Tire (Canada)
Canadian Tire is a very large retailer company that is located in Canada and they are a place where you can go if you are looking for things like Home Depot.
Many of the items you will find in Home Depot are similar to items in Canadian Tire, including power tools and equipment.
The revenue of Canadian Tire during 2020 was $14.87 billion, which is incredible for a company with about 1,600 locations across Canada.
In order to compete with Home Depot, Walmart has to be able to offer a similar variety of products at a lower price.
The Walmart competition isn’t anything new, but with $559 billion in revenue, that’s quite the competition!
However, Walmart doesn’t have near the selection that Home Depot does regarding home improvement items like hardwood floors, drywall, and lumber. Also, Walmart don’t carry lumber in-store.
Walmart has about 20,000 stores worldwide, with about 8,000 stores in the United States and more than 500 stores in Canada.
7. Williams Sonoma
Williams Sonoma, a store that sells kitchen furnishings, like coffee pots, pans, and cooking utensils, operates in a building that specializes in home furnishings.
Williams Sonoma’s products are probably pretty sturdy, but they’re probably not made of super-strong materials like a metal file cabinet or one of the other models mentioned here.
Williams Sonoma has surpassed $6.8 billion in worldwide revenue. They are one of the biggest and most popular catalogs around.
People can order merchandise from Target online, and then pick it up from a store.
However, Target is suffering from the spread of COVID-19. Also, the company has more than $93 billion in revenue for 2020, and has an international presence.
9. Home Hardware (Canada)
Home Hardware started as a DIY store in Montreal and grew to be the largest home improvement store in Canada.
Home Hardware has a wide range of home and gardening products, tools, painting supplies, and automotive products.
Also, Home Hardware earns more than $6.6 billion in Canadian dollars. In addition, Home Hardware operates more than 1,100 locations throughout the country.
10. Independent Lumber Dealers Co-Operative (Canada)
ILDC was founded in 1969 as a tool and building material company by a group of woodworkers.
But if you look at this, these are just some of their stores which are located in a number of different parts of the country.
It’s also important to note that most of the Canadian locations are owned by the three largest cooperatives.
Amazon is a competitor to Home Depot because they sell anything you could need for home improvement as well as equipment and tools.
However, Amazon has always been a global firm.
In Canada, they have a presence, but it is relatively small.
12. Best Buy
Best Buy does compete with Home Depot in the consumer electronics and home appliances categories.
Home Depot’s margins for home improvement are tight and they are also very dependent on the home improvement industry as a whole. Best Buy is not dependent on the home improvement industry and is also not restricted by any home improvement restrictions.
In summary, the market share and the ability to increase sales through pricing and distribution are two key factors.
By 2020, the company made more than $47 billion. And it continues to expand its e-commerce market.
13. Mohawk Industries
Home Depot is a leading retailer in the flooring industry, having its headquarters in California. They are considered a direct competitor of Mohawk.
You can find the ceramic products, furniture, and other quality products, and they are all very expensive.
The $9.55 billion made Mohawk the world’s largest flooring company, making it the second largest flooring company in the world after Mohawk Industries.
14. At Home
It’s pretty tough to compete with Home Depot, the number one home improvement store and a company that has been in business for 120 years.
Additionally, it holds more than 50,000 products, which means that you can find just what you’re looking for.
I think that people are going to be a lot more comfortable at home. They have a lot more space. They have a lot more social space compared to going out in a restaurant. They have a lot more space. They can do a lot of things that they couldn’t do at a restaurant because they don’t have as many people. They have a lot more space so their space is a lot more comfortable.
15. Northern Tool & Equipment
Northern Tool & Equipment has more than 60 stores in 11 states and these stores are great places to go when it comes to home products, including hardware, tools, and equipment.
It is the place for your business needs. You can find here machines, equipment, tools, parts.
So, for that reason, it’s one of Home Depot’s competitors in the tools and equipment market, with more than $1 billion in sales.
In order to help you choose between the two, we’ve put together a comparison of Home Depot vs. Lowe’s that can help you make
an informed decision. We’ve also
included Home Depot statistics
and information to help you compare and contrast the two competitors.
Home Depot is currently the largest retail store chain in the country at 10,000 locations.
Additionally, stores like Amazon and Walmart compete with Home Depot since they are both an online and a bricks and mortar retailer.
The main competition for Best Buy is Home Depot and that’s especially during the smart home upgrades for the consumer.
Home Depot is competing with At Home and Williams Sonoma when it comes to home furnishings and decor because there is more selection available at Home Depot.
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