Home Depot was the leading home improvement retailer in Canada in 2023, with sales amounting to around **** billion Canadian dollars. Home Hardware and Rona stores ranked in second and third places, with sales of around *** and *** billion Canadian dollars respectively. Home Depot origins Home Depot, the American home improvement retailer, was founded in 1978. The company’s original aim was to build retail superstores larger than any of their competitors and the first two stores were opened in Atlanta, Georgia in the next year. In 1981, the retailer branched out of Georgia and began to open more stores in different states and later entered neighboring markets. By 2023, Home Depot operated over ***** big-box home improvement stores across the whole of North America and Mexico. Fierce competition in the global home improvement sector In terms of sales, Home Depot is by far the leading home improvement retail company worldwide. Lowes, however, remains competitive. Home Depot only had about 400 more stores than Lowes worldwide in 2023, and on average that year, consumers actually spent more money at Lowes.

The Canadian Home Improvement Stores industry caters to a range of markets, including professional, do-it-for-me (DIFM) and do-it-yourself customers (DIY). Retailers offer a broad range of products to improve existing structures and construct new ones. While the industry heavily relies on the health of the overall economy, it also depends on dynamics in construction-related markets. Through the end of 2025, volatile construction markets and external competition have become more prominent, posing a threat to home improvement stores. Despite significant economic and geopolitical volatility hindering consumer confidence, revenue jumped in 2024 and 2025 as renovation spending and leisure time expanded. Revenue for home improvement stores is expected to swell at a CAGR of 2.4% to $38.3 billion through the end of 2025, including a jump of 1.4% in 2025 alone. Volatile market dynamics and rising rent and utility costs have fuelled a dip in profit. Home improvement stores sell fairly homogenous product lines, which has heightened price-based competition. Because of this, a few key companies that leverage economies of scale to accumulate and maintain high market shares largely dominate the industry. In recent years, the industry's largest stores have expanded their offerings to include complementary services like window and roof installation, which have helped them cope with fluctuations in downstream markets over the past five years. With large companies like Home Depot of Canada Inc. and RONA Inc. expanding their footprints, smaller stores have struggled to remain profitable. Global economic uncertainty will loom large for home improvement stores through the end of 2030. The largest stores will control more market share, so the industry will be closely tied to the performance of these companies. Home improvement stores will be forced to expand their service offerings and price-based promotions as competition picks up. However, stabilization in construction markets will support steady growth over the next five years. Overall, industry revenue is expected to expand at a CAGR of 1.2% to $40.7 billion through the end of 2030.

This statistic shows the market share of home improvement stores in Canada in 2020, by store type. Building centers accounted for ** percent of home improvement stores in Canada that year, while hardware stores accounted for only seven percent.

Market Size statistics on the Home Improvement Stores industry in Canada

There were 182 Home Depot stores across Canada as of 2024. Ontario was home to 88, the most stores by far. Alberta and British Columbia were ranked in second and third places, with 27 and 26 stores located in each province, respectively. Home Depot origins Home Depot, the American home improvement retailer, was founded in 1978. The company’s original aim was to build retail superstores larger than any of their competitors and the first two stores were opened in Atlanta, Georgia in the next year. In 1981, the retailer branched out of Georgia and began to open more stores in different states and later entered neighboring markets. By the end of the fiscal year 2024, Home Depot operated over 2,300 big-box home improvement stores across North America. The Canadian home improvement market Canadian home improvement industry sales have mostly witnessed year-on-year growth, predicted to reach around 62 billion Canadian dollars in 2023. When it comes to retailers, Home Depot was the industry leader in terms of annual sales. In 2023, Home Depot brought in approximately 11.6 billion Canadian dollars of sales. Home Hardware Stores and RONA follow in second and third places, with sales of 9.1 and 8.5 billion Canadian dollars respectively in that year.

Home improvement industry sales reached approximately **** billion Canadian dollars in 2023. This was an increase in comparison to the figure in 2022. Canada is home to many home improvement retailers, with the largest number of stores located in Ontario. Competition for sales When it came to retailers in 2023, Home Depot was the industry leader in terms of annual sales. That year, Home Depot Canada brought in approximately **** billion Canadian dollars in sales. Home Hardware Stores and RONA followed in second and third place, with sales of *** and *** billion Canadian dollars respectively. Nationwide and global success There were a total of *** Home Depot stores in Canada in 2024. That same year, Home Depot had over *** billion customer transactions worldwide, more than double the number of customer transactions of its global competitor, Lowes.

As of June 2023, there were ***** home improvement centers across Canada, of which *** were in the province of Ontario. In contrast, there were only **** home improvement stores in Yukon. In 2022, The Home Depot was the leading home improvement retailer in the country, with sales amounting over ** billion Canadian dollars.

This statistic displays how often consumers visited DIY and home improvement stores in Canada as of March 2019. According to a survey carried out by ProdegeMR, some **** percent of respondents stated that they visited DIY and home improvement stores on a monthly basis.

Complete list of all 957 Home Hardware store POI locations in the Canada with name, geo-coded address, city, email, phone number etc for download in CSV format or via the API.

Market Size statistics on the Hardware Stores industry in Canada

This statistic displays consumers' favorite DIY or home improvement retailer in Canada as of March 2019. According to a survey carried out by ProdegeMR, some **** percent of respondents stated that Home Depot was their DIY and home improvement retailer of choice.

Number of Businesses statistics on the Hardware Stores industry in Canada

This statistic displays how much consumers spent in an average month in DIY and home improvement stores in Canada as of March 2019. According to a survey carried out by ProdegeMR, some *** percent of respondents stated that they spent over *** Canadian dollars on average per month in DIY and home improvement stores.

Forecast: Sales of Hardware in Non-Store Retailing in Canada 2024 - 2028 Discover more data with ReportLinker!

Forecast: Sales of Hardware, Tools, Renovation and Lawn and Garden Products in Non-Store Retailing in Canada 2024 - 2028 Discover more data with ReportLinker!

Home Depot had a total of ***** stores in operation throughout the United States as of the end of the fiscal year 2024. The home improvement and DIY retailer also operates stores in Canada and Mexico and had a total of ***** stores worldwide in that same year. Home improvement retail in the United States Home Depot is one of the best-known and valuable retail brands in the United States. Home Depot operates within the U.S. home improvement industry, which has witnessed steady sales growth over the past years, with this trend expected to continue in the coming years. This trend shows that home owners are putting substantial sums of money into home repair, home improvement, and remodeling projects. Home Depot As of 2024, Home Depot was the leading hardware and home improvement retailer in the United States, with U.S. retail sales of around *** billion U.S. dollars. The company's product categories include building materials, appliances, tools, and hardware, among others. Lowe’s, Ace Hardware, and Menards are Home Depots’ main competitors in the United States.

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Do-It-Yourself (DIY) Home Improvement Retailing Market Size and Forecast 2025-2029

The DIY home improvement retailing market size estimates the market to reach by USD 244.1 billion, at a CAGR of 5.2% between 2024 and 2029. North America is expected to account for 40% of the growth contribution to the global market during this period. In 2019 the lumber and landscape management segment was valued at USD 155.90 billion and has demonstrated steady growth since then.

    Report Coverage


    Details




    Base year


    2024




    Historic period

    2019-2023



    Forecast period


    2025-2029



    Market structure
    Fragmented



    Market growth 2025-2029


    USD 244.1 billion






The DIY home improvement retailing market is experiencing significant shifts, driven by the growing trend towards personalized interior designing and the increasing adoption of augmented reality (AR) applications for home improvement projects. These trends reflect consumers' evolving preferences, with an increasing number seeking professional assistance for Do-It-For-Me (DIFM) services while maintaining a DIY culture. The rise of DIY home improvement projects focused on personalized interior designing presents a substantial growth opportunity for retailers. Consumers are increasingly seeking unique and customized home solutions, driving demand for specialized products and services. This trend is further fueled by the availability of various online resources and platforms that offer design inspiration and tutorials.
However, the market faces challenges as well. The shift from DIY to DIFM is a significant obstacle for retailers relying heavily on DIY sales. Additionally, the increasing popularity of AR applications for home improvement projects may disrupt traditional retail models, requiring companies to adapt and innovate to remain competitive. Retailers must capitalize on these trends while navigating these challenges to effectively cater to evolving consumer preferences and stay ahead in the market.

What will be the Size of the Do-It-Yourself (DIY) Home Improvement Retailing Market during the forecast period?

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The DIY home improvement retailing market continues to evolve, driven by shifting consumer preferences and advancements in technology. Profit margin calculation remains a critical aspect of business operations, as retailers strive to maintain competitive pricing analysis in the face of increasing customer experience metrics. Visual merchandising techniques and store layout optimization are essential in creating an inviting in-store experience, while inventory management systems enable efficient sales forecasting models. Security systems retail and point-of-sale systems ensure loss prevention strategies, providing peace of mind for both retailers and customers. Product assortment planning and mobile commerce adoption cater to the growing demand for online home improvement solutions.
Data analytics dashboards and fraud detection systems facilitate informed decision-making, while omnichannel retail strategies and home improvement tools cater to diverse customer needs. Digital marketing strategies and customer loyalty programs enhance retail sales channels, fostering long-term relationships. Supply chain visibility, warehouse management systems, and market basket analysis contribute to supply chain optimization, ensuring a steady flow of DIY project supplies. Promotional campaign effectiveness and customer satisfaction surveys provide valuable insights into pricing strategies retail, allowing for continuous improvement. Industry growth in the DIY home improvement sector is projected to reach 3.5% annually, underscoring its ongoing significance in the retail landscape. For instance, a leading retailer experienced a 15% increase in sales by optimizing their product assortment planning and implementing an effective online presence.

How is this Do-It-Yourself (DIY) Home Improvement Retailing Industry segmented?

The do-it-yourself (diy) home improvement retailing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Lumber and landscape management
  Tools and hardware
  Decor and indoor garden
  Kitchen
  Others


Distribution Channel

  Offline
  Online


Application

  Home Improvement
  Crafts


End-User

  Homeowners
  DIY Enthusiasts


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South

Retail Sales of Home Improvement and Gardening Supplies Specialists in Canada: Market Size, Growth and Forecast to 2021 provides detailed historic and forecast statistics on retail sales from 2011 to 2021 taking place at "Home Improvement and Gardening Supplies Specialists" for each Sector at Market level. However, delivered wholesale sales are not included.
The Market level analytics are provided for the following product Sectors: Read More

Canadian lumber and building material stores have exhibited volatility because of fluctuations in construction markets caused by wider economic volatility and interest rate hikes. The pandemic greatly contributed to industry volatility, with housing starts ballooning in 2020 amid low interest rates. At the same time, the pandemic caused business closures and work stoppages that depleted private nonresidential construction markets. This trend was reversed in 2022 and 2023, as interest rate hikes dissuaded investment in residential construction, while commercial construction markets expanded. The ebb and flow of these markets has largely offset fluctuations in any particular market segment. Overall, revenue for lumber and building material stores is expected to climb at a CAGR of 1.3% to $8.0 billion through the end of 2025, including growth of 1.3% in 2025. Profit has improved since 2020 but remains below pre-pandemic levels, primarily because of higher product prices and operational costs. Most lumber and building materials stores are relatively small stores that endure fierce competition from big-box retailers and wholesalers. Companies in these external industries can leverage their large size to achieve economies of scale. Big box stores can save on purchasing costs by buying in bulk and passing their savings down to consumers. Many lumber and building material stores have joined cooperatives or distribution networks to take on these large stores. Members of these businesses have benefited from growing purchasing power and business services, achieving economies of scale while remaining operational at a single location or local level. Lumber and building material stores have strengthened their focus on quality customer service, expansive product offerings and superior after-sale service to remain competitive. Moving forward, revenue gains are expected to continue at a relatively similar rate. While interest rates are expected to remain above coronavirus-era lows, domestic construction markets are expected to improve. IBISWorld expects the values of residential and nonresidential construction to climb, spurred by population growth and supply constraints. The number of Canadian housing starts is expected to contract at a CAGR of 0.5% through the end of 2030, exacerbating Canada's housing shortage. Stores will adjust to changing consumer expectations, expanding their offerings of eco-friendly, sustainable and natural products to strengthen sales. Revenue for lumber and building material stores is expected to swell at a CAGR of 1.7% to $8.7 billion through the end of 2030.

At the end of the 2022 fiscal year, there were ** Lowe's stores in Canada, the same as in the previous year. As of the end of 2024, the company operated a total of 1,748 stores. As of 2023, Lowe's no longer operates on the Canadian market.