In 2024, the seasonal and outdoor living product category of Lowe's generated over 7.37 billion U.S. dollars worth of sales. Meanwhile, Lowe's appliances category reached over 12.1 billion U.S. dollars.

In 2023, approximately 14.8 percent of Home Depot's net sales were generated through e-commerce. In comparison, the home improvement company had just under ten percent of their sales being made online in 2019.

As of June 2022, Amazon accounted for 37.8 percent of the U.S. e-commerce market, making it the country’s leading online retailer by a considerable margin. Second place was occupied by the e-commerce site of the retail chain Walmart, with a 6.3 percent market share, followed in third place by Apple, with 3.9 percent.

Amazon’s continued success

Amazon has long dominated the e-commerce market as the world’s favorite online marketplace. In 2022, company hit over half a trillion U.S. dollars in net sales. The United States is by far Amazon’s most profitable market, as the U.S. branch generated over 356 billion U.S. dollars in sales in 2022. Germany ranked second, with 33 billion dollars, followed closely by the United Kingdom with 30 billion dollars.

Online shopping on the rise

Online shopping has grown significantly over the past decade, with more people turning to the internet for their shopping needs. The proof is in the numbers: the U.S. e-commerce industry was worth almost a trillion dollars in 2023. By 2027, forecasts show that the online market will grow to more than 50 percent. U.S. online shoppers purchase fashion and food and beverages the most via the internet.

In 2024, home improvement sales in the United States amounted to around 526.1 billion U.S. dollars. By 2028, this amount is expected to reach almost 590 billion U.S. dollars. Home improvement chains With sales close the 153 billion U.S. dollar mark, The Home Depot was the leading home improvement chain in the United States in 2023. Other large chains in the industry included Lowe’s (Home Depot’s main competitor), Sherwin-Williams, Tractor Supply, and Menards that year. In terms of customer satisfaction however, The Home Depot ranked fourth in 2024, while Menards received the highest ratings. The Home Depot Home Depot is the largest home improvement retail store in the United States. The company was founded in Atlanta, Georgia in 1978. When visiting one of their stores, consumers would typically spend an average of 90.07 U.S. dollars in 2023. Lowe’s customers, on the other hand, spent about 103.51 U.S. dollars per visit.

The global home improvement market is likely to expand from USD 916.07 billion in 2024 to USD 2.05 trillion by 2037, registering a CAGR of around 6.4% during the forecast timeline, from 2025 through 2037. Key industry players include Home Depot, Lowe's, Ferguson Enterprises, LLC, among others.

The Home Depot and Lowe’s are two of the key retailers competing within the home improvement and do it yourself (DIY) industry in the United States. In 2018, each Home Depot store averaged about 49.4 million U.S. dollars’ worth of sales. Menards and Ace Hardware are other home improvement retailers in the United States.

Home improvement and DIY retail in the United States
The U.S. home improvement industry has grown steadily over the past years, with continued growth forecast for the coming years. The increasing average home improvement spend of U.S. homeowners highlights the fact that people are putting substantial sums of money into home repair, home improvement and remodeling projects. The Home Depot and Lowe’s dominate the U.S. market, with retail sales dwarfing those of Ace Hardware and Menards. Interestingly, Ace Hardware was the market leader in terms of the number of hardware and home improvement retail stores in operation throughout the United States, while Menards was the most satisfying home improvement retail store for customers.

The Canadian Home Improvement Stores industry caters to a wide variety of markets, including professional, do-it-for-me (DIFM) and do-it-yourself customers (DIY). Retailers offer a broad range of products aimed at improving existing structures and constructing new ones. While the industry is heavily reliant on the health of the overall economy, it is also dependent on dynamics in construction-related markets. Over the past five years, volatile construction markets and external competition have become more prominent, posing a threat to home improvement stores. Despite COVID-19 hindering consumer confidence, revenue jumped in 2020 and 2021 as consumers spent more time at home and undertaking home improvement projects. As a result, industry revenue is expected to increase at a CAGR of 3.1% to $36.3 billion over the past five years, including an increase of 3.2% in 2024 alone. 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 Lowe's Companies Canada ULC (Lowe's Canada) and the Home Depot of Canada Inc. (Home Depot Canada) dominating the industry, smaller stores have struggled to remain profitable. Through the end of 2029, global economic growth will support industry expansion. With Lowe's Canada and the Home Depot Canada gaining even more market share, industry dynamics will largely be based on the performance of these companies. As competition picks up, home improvement stores will be forced to increase their service offerings and price-based promotions. However, stabilization in construction markets will support steady growth over the next five years. Overall, industry revenue is expected to increase at a CAGR of 1.3% to $38.8 billion over the five years to 2029.

The United States Hardware Stores Retail Market Report is Segmented by Product Type (Door Hardware, Building Materials, Kitchen and Toilet Products, and Other Product Types) and by Distribution Channel (Offline and Online). The Report Offers the Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

Home Depot had a total of 2,025 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 2,347 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 141 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.

The architectural coatings market is segmented by various resin types, technologies, and end-use industries. Each segment offers unique characteristics and caters to specific customer needs, such as durability, aesthetics, and environmental impact. Key resin types include alkyds, acrylics, polyurethanes, and epoxies, each with its distinct properties and applications. Technologies such as water-based, solvent-based, and powder coatings impact the performance, environmental impact, and cost of architectural coatings. Recent developments include: Jan 2022, The US Department of Agriculture (USDA) has certified Arkema's SYNAQUA 4856 alkyd to carry the Certified Biobased Product designation. SYNAQUA 4856 alkyd is created from 97 percent bio-based raw materials derived mostly from NORDIC forest wastes and is devoid of APEO, ammonia, solvents, and plasticizers. SYNAQUA 4856 alkyd for architectural coatings is created from 97 percent bio-based raw materials, according to Arkema. Formulators can use SYNAQUA 4856 alkyd to obtain various desirable properties in their interior wall paint and primer formulas, such as gloss potential, chemical and scrub resistance, hardness development, and more., Jan 2022, The Home Depot® and HD Supply® have expanded their partnership with PPG's architectural coatings business to offer a complete array of professional PPG paint products and services developed specifically for professional clients. The new product line will be available in all Home Depot stores in the United States starting in the fourth quarter of 2021. HD Supply, a wholly-owned holding of The Home Depot and a renowned national distributor of maintenance, repair, and operations (MRO) items, will also carry the whole product line., October 2023, saw the launching of ACRONAL MB, a BASF line of acrylic binders portfolio for Architectural Coatings in North America. ACRONAL binders are known to deliver the same level of performance and quality. In this case, bio-feedstocks have been used instead of traditional fossil-based raw materials under the Biomass Balance approach by BASF, which is certified by REDcert2., December 2023, DuPont announced that Coryor Surface Treatment Company Ltd. and Nippon Paint Taiwan are launching a new range of their printed Tedlar® PVF solutions as well as PVF coatings. Appearance can be preserved and prolonged for multiple decades using Tedlar®, an architectural application that lasts forever with respect to its aesthetic attributes.. Notable trends are: Growing overhaul and remaking practices in both residential and non-residential structures..

This ranking depicts the leading hardware and home improvement retailers in the United States in 2023, based on retail sales. In 2023, The Home Depot generated approximately 141.45 billion U.S. dollars in retail sales in the United States.

This statistic depicts the sales of the leading home improvement chains in the United States in 2023. In that year, the Home Depot was the top ranked home improvement chain in the United States with sales amounting to around 153 billion U.S. dollars. Lowes followed with over 86 billion U.S. dollars in sales. The ranking and close competition between The Home Depot and Lowes was also reflected in the sales of home improvement retail companies worldwide in 2023. Brand loyalty The competition between Lowes and The Home Depot is unlikely to give way, at least in the United States, where both brands enjoy high consumer loyalty for their online DIY and garden shops. In fact, online and in-store availability was one of the leading factors driving brand loyalty among consumers in the United States as of November 2023. Opportunities for expansion Both DIY (do it yourself) home improvement and gardening are becoming more popular pastime activities in the United States, offering both Lowes and The Home Depot plenty of opportunities for competition and expansion. Despite seasonal fluctuations and a discouraging peak in 2024, the monthly retail sales of building materials, garden equipment, and supplies dealers has exhibited growth over time, meaning the market is as competitive as ever.

Home improvement industry sales reached approximately 58.5 billion Canadian dollars in 2021. This was an increase in comparison to the figure in 2020. The sales value was projected to continue growing in the coming years. Canada is home to many home improvement retailers, with the largest number of stores being located in Ontario.

Competition for sales

Building centers and big box stores are the two main types of stores where consumers spend their money on home improvement products. They hold a share of around 51 and 29 percent of the whole market, respectively. When it came to retailers, in 2020 Home Depot is the industry leader in terms of annual sales. That year, Home Depot Canada brought in approximately 10.4 billion Canadian dollars in sales. Lowe’s Canada and Home Hardware Stores followed in second and third place, with sales of roughly eight and 7.7 billion Canadian dollars respectively.

Consumer’s preference

According to a 2019 survey, Home Depot is Canadian consumers’ favorite DIY and home improvement retailer to shop at by a large margin. There were a total of 182 Home Depot stores nationwide in 2022.

Home Depot was the leading home improvement retailer in Canada in 2023, with sales amounting to around 11.6 billion Canadian dollars. Home Hardware and Rona stores ranked in second and third places, with sales of around 9.1 and 8.5 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 2,300 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.

As of 2024, Lowe's and its related businesses operated nearly 1,750 stores around the world. In that year, the average amount spent by consumers amounted to about 103 U.S. dollars, around 14 U.S. dollars more than the average spent in the Home Depot. How does Lowe’s compare to its competitors? As of 2024, Lowe’s was the fifth runner-up in terms of customer satisfaction alongside Menards, The Home Depot, Study Average, and Ace Hardware, the leading improvement store chains in the United States. In 2023, The Home Depot was the leading hardware and home improvement retail chain in the United States in terms of sales. Lowe’s took second place on this listing, putting it ahead of companies such as Ace Hardware and Menards. Home improvement retail in the U.S. In recent years, the U.S. home improvement industry has witnessed steady growth, and the trend is expected to continue in the near future. According to one forecast, homeowner improvements and repair expenditures are expected to reach roughly 509 billion U.S. dollars in the fourth quarter of 2025.

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 Depot had a total of 2,015 stores in operation throughout the United States as of the end of the fiscal year 2023. The home improvement and DIY retailer also operates stores in Canada and Mexico and had a total of 2,335 stores worldwide in that same year. In 2021, Home Depot was one of the leading retailers worldwide.

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 2023, Home Depot was the leading hardware and home improvement retailer in the United States, with U.S. retail sales of almost 146 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.

In 2022, Groupe Adeo, formerly known as Leroy Merlin Group, was the leading Do-It-Yourself (DIY) retailer in Europe, reaching a revenue of over 30 billion euros. The British multinational retailer Kingfisher followed, with more than 15.5 billion euros. Main players Europe's second leading DIY retailer, the Kingfisher Group, owns multiple brands such as B&Q, Castorama, Brico Depot, and Screwfix. It was initially founded as a UK company, with B&Q as a leading brand within the United Kingdom. The retail profit for this chain has generallly increased since 2015, with 2023/2024 showing a profit of over 555 million British pounds, and Screwfix had the largest number of stores among DIY retailers in the country. The pandemic and DIY With the spread of the coronavirus (COVID-19) pandemic and the measures taken to mitigate it, more people spent time at home. DIY was one of most common hobbies picked up during lockdowns, and according to a survey conducted in France in March 2020, roughly 28 percent of the respondents said DIY and gardening were one of the hobbies they enjoyed the most during the confinement period. In the United Kingdom, there was a year-on-year increase of over 47 percent in the online sales of paint products around the time the coronavirus outbreak reached the country, in March 2020.

The NYSE U.S. 100 Index tracks the largest U.S. companies traded on the New York Stock Exchange. This statistic shows the leading 20 companies on the NYSE U.S. 100 Index by market capitalization. As of January 28, 2024 the multinational conglomerate company Berkshire Hathaway ranked as the first, with a market capitalization of over 900 billion euros. This was followed by Eli Lilly and JP Morgan Chase, with market capitalizations amounting to 695 billion and 678 billion euros respectively. NYSE U.S. 100 Index vs. Nasdaq 100 Index The New York Stock Exchange and the Nasdaq are the largest two stock exchanges in the world, but they differ in the kinds of companies they list. The NYSE is known to list stable and long-lasting firms, commonly referred to as “blue-chip” companies. In contrast, the Nasdaq is renowned for listing the world’s biggest companies, mainly from the tech industry. Similar to the NYSE U.S. 100 Index, the Nasdaq 100 Index tracks the 100 largest non-financial companies listed on the Nasdaq exchange, including both U.S. and non-U.S. companies. The leader of the NYSE U.S. 100 index: Berkshire Hathaway Berkshire Hathaway, the leader of the NYSE U.S. 100 Index, was also among the world's largest companies by revenue in 2023. The company is a multinational conglomerate and holding company with insurance as its core business and interests in other sectors such as railroad, utilities and energy, finance. In fact, Berkshire was the world's biggest insurance company by revenue in 2023. As a holding company, it has significant stakes in some of the world’s largest companies, including Apple, Bank of America and Coca-Cola. With its diverse background in various businesses and industries, Berkshire Hathaway had a total revenue of 365 billion U.S. dollars in 2023.

In 2023, Wayfair had retail sales of approximately 10.47 billion U.S. dollars in the United States. Williams-Sonoma was ranked second, with sales of about 7.5 billion U.S. dollars that year. The home goods market in the United States The home goods market consists of the manufacture, distribution, and retail of home furniture, cookware, gardening equipment, and household accessories. The home décor market in the United States alone has been forecasted to generate 43.3 billion U.S. dollars in revenue by 2028. The e-commerce segment of this market is also anticipated to witness growth over the next few years, with many consumers making their purchases online instead of at a physical home goods retailer. Furniture retail sales in the United States In 2024, almost 40 percent of consumers surveyed shared that they would spend up to 1,000 U.S. dollars on furniture. The previous year, the average expenditure per consumer unit on furniture amounted to around 618.65 U.S. dollars. While Wayfair took the leading position amongst brick-and-mortar stores, consumers turned to Amazon, Home Depot, and Walmart when shopping for furniture online.