United States: top home improvement chains in 2023, by sales

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.