Home Depot and Lowe’s store count 2023 | Statista

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In 2023, the DIY chain ‘Home Depot’ had a total of 2,335 stores worldwide. Meanwhile, Lowe’s registered 1,978 stores at the end of the same period.

The home improvement retail industry

The U.S. home improvement industry is comprised of retailers that sell appliances, kitchen fittings, lumber, building materials, plumbing, and other home improvement products. Demand for these products is associated with the demand for housing. Therefore, any changes in sales of new and existing homes significantly impacts the industry’s performance. In 2023, total sales of home improvement retailers in the United States generated approximately 545 billion U.S. dollars.

Main retailers and competitors

In the United States, there are two home improvement retailers that dominate the market: Home Depot and Lowe’s. These “Big-Box” companies, which control almost the entire home improvement market in the US, have continued to expand their footprint in the hope of increasing their respective market shares. According to a survey conducted in 2023, The Home Depot and Lowe’s ranked as two of the best home improvement store chains in the United States, based on customer satisfaction.

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