Home Depot is a widely known name in the market of home improvement. It is one of the largest chains in North America that sells tools, construction products, appliances, and services, including fuel and transportation rentals.
Despite being the largest chain in North America, it still has to face stiff competition from some brands!
So, who are the competitors of Home Depot?
Let us check and get an in-depth analysis of Home Depot’s competitors in this article.
You might also want to read
Competitors Of Home Depot: Complete Guide
There are many competitors to Home Depot in the market. However, covering each brand is not feasible. I would cover the companies close to Home Depot in market share and give them tough competition!
I would be comparing all the competitors to Home Depot on the following metrics
- Market Share
- Markets Served
- Revenue ( For 2022)
- Type Of Company
- Number Of Stores
Before moving ahead, here is a brief overview of Home Depot as per the above-mentioned metrics
Home Depot Statistics
18% | |
$157.4 billion | |
United States, Puerto Rico, Guam, US Virgin Islands, Canada, and Mexico. | |
Public | |
2300+ stores |
Here are 8 competitors that you should check.
1. Lowe’s
Lowe’s is one of the largest home improvement retailers in the United States. It offers a wide range of products for home improvement, appliances, tools, and outdoor living. Lowe’s operates a vast network of stores and also has a strong online presence.
- Market Share
Lowe’s has a market share of around 12%. - Revenue ( For 2022)
Lowe’s generated a revenue of $96.25 billion in 2022 - Markets Served
Lowe’s serves in the United States only as of 2024. - Type Of Company
Lowe’s is a public company - Number Of Stores
Lowe’s has around 2100+ stores in total.
2. Menards
Menards is recognized as a major player in the home improvement retail sector, particularly in the Midwest. It is the third largest in this industry after Home Depot and Lowe’s. With its wide product selection, competitive pricing, and emphasis on customer service, Menards aims to provide customers with a comprehensive shopping experience for all their home improvement needs.
- Market Share
Menards has a market share of around 6.1%. - Revenue ( For 2022)
Menards generated a revenue of $13 billion in 2022 - Markets Served
Menards serves in the United States only. The specific states would be Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, West Virginia, Wisconsin, and Wyoming. - Type Of Company
Menards is a private company as of 2024 - Number Of Stores
Menards has around 350+ stores in total.
3. Ace Hardware
Ace Hardware Corporation is an American hardware retailers’ cooperative based in Oak Brook, Illinois, United States. Surprisingly, It is the world’s largest hardware retail cooperative and the largest non-grocery American retail cooperative. Ace Hardware stores offer a wide range of products, including hardware, tools, paint, home improvement supplies, outdoor and garden equipment, plumbing, electrical, and more. The stores strive to meet the needs of both DIY enthusiasts and professional contractors
- Market Share
Ace Hardware has a market share of around 2%. - Revenue ( For 2022)
Ace Hardware generated a revenue of $9.2 billion in 2022 - Markets Served
Ace Hardware serves around 60 countries. - Type Of Company
Ace Hardware is a private company as of 2024 - Number Of Stores
Ace Hardware has around 5000+ stores in total.
4. Walmart
Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Walmart’s scale, pricing strategy, wide product selection, and emphasis on convenience have made it a dominant force in the retail industry.
It offers a variety of products for its consumers. As it offers products and services in the home improvement sector, it becomes a competitor to Home Depot.
You might also wanna read: SWOT Analysis Of Walmart
- Market Share
Walmart has a market share of around 9% in home improvement share. - Revenue ( For 2022)
Walmart generated a revenue of $90 billion in 2022 from this category. - Markets Served
Walmart serves around 25+ countries. - Type Of Company
Walmart is a public company. - Number Of Stores
Walmart has around 10000+ stores in total.
5. Amazon
Amazon is a multinational technology company and one of the world’s largest online retailers. Established in 1994 by Jeff Bezos, Amazon initially started as an online marketplace for books before expanding its product offerings and diversifying into various industries.
It becomes a competitor to Home Depot as it provides many products related to home improvement.
You might also wanna read: SWOT Analysis Of Amazon
- Market Share
Amazon has a market share of around 7% in home improvement share. - Revenue ( For 2022)
Amazon generated a revenue of $12 billion in 2022 from this category. - Markets Served
Amazon serves around 30+ countries. - Type Of Company
Amazon is a public company. - Number Of Stores
Amazon serves this category through its online e-commerce platform.
6. True Value
The True Value Company is an American wholesaler. True Value is one of the largest hardware store chains, comprising independent retail locations that operate under the True Value brand. The company supports several different retail identities, including True Value (hardware and home center stores), Grand Rental Station, Party Central, and Taylor Rental (equipment and party rentals), Induserve Supply (commercial supplies), and Home & Garden Showplace (nursery and garden center stores), as well as affiliate stores that buy from the True Value Company but do not use any of the national store identities.
- Market Share
Not much information is known about the market share of True Value - Revenue ( For 2022)
True Value generated a revenue of $1.5 billion in 2022. - Markets Served
True Value serves around 60 countries. - Type Of Company
True Value is a private company. - Number Of Stores
True Value has around 4500+ stores in total
7. Home Hardware
Home Hardware is a Canadian retail company specializing in home improvement and hardware products. Established in 1964, Home Hardware has grown to become one of Canada’s largest dealer-owned hardware store chains.
- Market Share
Not much information is known about the market share of Home Hardware. - Revenue ( For 2022)
Home Hardware generated a revenue of $62 million in 2022. - Markets Served
Home Hardware serves in Canada. - Type Of Company
Home Hardware is a private company. - Number Of Stores
Home Hardware has around 1000+ stores in total
Comparison Of All Competitors
Market Share
18% | |
12% | |
6.1% | |
2% | |
7% | |
Not Enough Information | |
Not Enough Information |
Revenue
$157.4 Billion | |
$96.25 Billion | |
$13 Billion | |
$9.2 Billion | |
$12 Billion | |
$1.5 Billion | |
$62 Million |
Markets Served
United States, Puerto Rico, Guam, US Virgin Islands, Canada, and Mexico. | |
United States Of America | |
United States Of America | |
60+ Countries | |
30+ Countries | |
60+ Countries | |
Canada |
Type Of Company
Public | |
Public | |
Private | |
Private | |
Public | |
Private | |
Private |
Number Of Stores
United States, Puerto Rico, Guam, US Virgin Islands, Canada, and Mexico. | |
United States Of America | |
United States Of America | |
60+ Countries | |
30+ Countries | |
60+ Countries | |
Canada |
Bottom Line
Home Depot is one of the largest home improvement retailers globally, offering a wide range of products and services for DIY enthusiasts and professional contractors. As you saw 7 competitors, the company faces stiff competition from all of them. To stay competitive, Home Depot continuously invests in enhancing its omnichannel capabilities, expanding its product offerings, and improving its supply chain and logistics. It also differentiates itself through strategic partnerships, exclusive product lines, and services like a professional installation. The competition in the home improvement market pushes companies like Home Depot to innovate, improve customer experiences, and provide value-added services to stay ahead in a highly competitive industry.