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. What do you know about Home Depot’s rivals?
Lowe’s (as of 2022), Ace Hardware and Menard’s (as well as True Value) are the biggest Home Depot competitors. These stores have similar products to Home Depot but, Menard’s has lower prices as it’s wholesaler. Home Depot is also competitive with stores such as Amazon and Walmart, which sell tools for home improvements.
Lowe’s has a lot in common with Home Depot, since they are the largest home improvement retailers.
Lowe’s also stocks products suitable for outdoor and indoor household tasks.
Lowe’s also has more than 1.9774 locations in America and Canada. This translates into a $72.148 million annual revenue in 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 also has a construction and development division.
Menard’s claims that they will save you more money and are known for offering lower prices than Home Depot.
The United States boasts 352 stores. These are mainly located in the Midwest.
True Value is a leader and innovator as a home improvement wholesale store since it offers products to consumers that are local and relevant to its location.
True Value also has over 4,500 locations worldwide. There are 400 True Value stores in over 60 countries.
Ace Hardware is directly competing with Home Depot. Ace Hardware is a direct competitor to Home Depot. It’s located mainly in rural areas and offers a closer connection with customers than large-box chain stores like Home Depot.
Ace Hardware is also home to everything you will need:
Ace Hardware also generated $7.76 Billion in revenues for 2020. This makes it an even tougher competitor to Home Depot.
Canadian Tire can be found directly in the Home Depot category. Canadian Tires is an automotive and leisure hardware company that specializes in household goods, as well as home products.
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.
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.
Williams Sonoma saw its revenue surpass $6.8 billion in 2020. In addition, there are over 625 retail outlets worldwide.
Target competes with Home Depot because it offers a variety of products for your home including:
Target also had more $93 billion in 2020 revenue and has more than 1800 locations in the United States. Plus, it has an international presence.
Home Hardware, Canada’s largest home improvement store, directly competes in Canada with Home Depot.
Home Hardware also sells tools, plumbing, gardening, paint, and other products.
Home Hardware is also worth more Canadian dollar than 6.6billion and has 1,100 retail locations across the nation.
ILDC stands for Independent Lumber Dealers Co-Operative and is a Canadian company that specializes primarily in tools and building materials.
You can clearly see that Home Depot is directly competing with it in this space.
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 rivals Home Depot in that it sells everything you’d need to make your home more beautiful, even tools and equipment.
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.
Furthermore, with more and more homes being purchased by young buyers, many are now turning to the internet to create a smart home. Best Buy has the advantage over Home Depot.
Best Buy owns more than 1110 retail stores around the world and earned $47 billion in 2020. It also expands its online market.
Mohawk Industries is the leader in commercial and residential flooring, so it can be considered a direct competitor of 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.
In addition, the net sales from more than 22 At Home locations in the United States totaled $1.73Billion for 2020.
Northern Tool & Equipment has more than 60 stores in 11 states, and it’s a great place to go for various home products, including hardware, tools, and equipment.
This store also offers industrial equipment.
Therefore, it’s one of Home Depot’s competitors in the tools and equipment market, with more than $1 billion in sales.
For more information on Home Depot, please visit our posts about Home Depot vs. Lowe’s statistics and facts as well the Home Depot target market.
Lowe’s and Menard’s are the main Home Depot rivals. Ace Hardware, Ace Hardware Canada Tire, Home Hardware and True Value are also available.
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.
Best Buy also competes against Home Depot in home renovation, especially when it comes time to upgrade your Smart Home or purchase the relevant electronics.
Home Depot also faces competition from Williams Sonoma, At Home and Williams Sonoma in home furniture and decor.
Home Depot’s largest competitor is who?
The Home Depot’s competitors The Home Depot’s top competitors include Berkshire Hathaway, Lowe’s, Walmart and Amazon. The Home Depot specializes in home improvement.
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 sells products for home improvement.
What Are The Competitive Advantages Of Home Depot?
Answer: Home Depot relies heavily on its competitive pricing strategy and top-quality customer service to stay ahead. It also invests money in infrastructure, which allows for improved customer service.
Is Lowe’s Bigger Home Depot, Or 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)