15 Biggest Home Depot Competitors In 2022 (Full Guide)
Home Depot, the US’s largest home-improvement retailer, has more than 1900 locations and an annual revenue of $110.225 billion in 2020. But do you know who Home Depot’s competitors are?
Lowe’s (as of 2022), Ace Hardware and Menard’s (as well as True Value) are the biggest Home Depot 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 and Walmart are also competitors because they both sell home improvements tools.
Lowe’s looks very much like Home Depot because it’s the largest retailer for home improvement products.
Lowe’s also has the same type of products to help with all outdoor chores.
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 shop is known for carrying a large selection of home goods, such as paint and lumber.
Home Depot’s direct competitor is it because they sell similar products.
Menard’s also has a construction and development division.
One of the taglines of Menard’s is that you’ll save more money, and the company is known for having 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, 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 is also home to more than 4500 stores, which includes 400 shops in over 60 nations.
Ace Hardware can be considered a direct rival to 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.
Ace Hardware has it all, from:
Ace Hardware has surpassed Home Depot in terms of revenue, with $7.76 billion for 2020.
Canadian Tire competes directly with Home Depot Canada. Canadian Tires is an automotive and leisure hardware company that specializes in household goods, as well as home products.
Canadian Tire has many similar items to Home Depot including power tools.
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 has a range of products that are comparable to Home Depot, including lawn and garden supplies, household items and home improvements.
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 sells a range of items for your home including furniture, kitchenware, and cookware.
In 2020, Williams Sonoma’s revenue topped $6.8 billion, and there are more than 625 stores in operation worldwide.
Target is a competitor to Home Depot since it sells various products for the home, including:
Moreover, Target had more than $93 billion in revenue for 2020 and operates more than 1,800 stores 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 sells home and garden supplies, tools, automotive items and plumbing accessories.
Home Hardware is also worth more Canadian dollar than 6.6billion and has 1,100 retail locations across the nation.
ILDC is a Canadian firm that specializes building materials.
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 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 has direct competition to Home Depot when it comes to home appliances and electronics.
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 has a strong presence in both the commercial and residential flooring industry, making it an obvious competitor to Home Depot.
Mohawk Industries offers ceramic and wood flooring. All products are high-quality.
Each store also has more than 50k products. This makes it easy to find exactly what you need.
Furthermore, $1.73 billion was generated by net sales at more than 200 At Home stores throughout the United States in 2020.
Northern Tool & Equipment owns over 60 stores across 11 states. They are a good place to get home-related products such as tools and hardware.
This store also offers industrial equipment.
Home Depot competes in the equipment and tools market. It has more sales than $1 billion.
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 is competing with Ace Hardware, Menard’s Home Hardware, Canadian Tire and Home Hardware.
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 is also competitive with Home Depot when it comes to home improvements, particularly when you are looking for Smart Home upgrades and the purchase of relevant electronic devices.
Also, Home Depot has competition from stores like At Home and Williams Sonoma when it comes to home furnishings and decor.
Who Is Home Depot’S Biggest Competitor?
The Home Depot’s competition Berkshire Hathaway and Lowe’s are the top three competitors. Walmart, Amazon, Walmart, and Amazon are also among them. The Home Depot is a home improvement specialty retailer.
Who Is Lowe’S Biggest Competitor?
Kingfisher is Lowe’s’s biggest competitor. Lowe’s is a retailer of products for home construction, maintenance, repair, remodeling, and decorating. Kingfisher, a company that sells home improvements.
Home Depot: What Competitive Advantages?
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)