Home Depot and Lowe's: average amount spent by consumers 2011-2023

As of 2023, Lowe's and its related businesses operated nearly 2,000 stores around the world. In that year, the average amount spent by consumers amounted to about 103 U.S. dollars, around 13 U.S. dollars more than the average spent in the Home Depot.

How does Lowe’s compare to its competitors?

As of 2023, Lowe’s was the third runner-up in terms of customer satisfaction alongside Menards and The Home Depot, among the leading improvement store chains in the United States. In 2022, 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 were expected to reach roughly 445 billion U.S. dollars in the third quarter of 2023.