Sales of home improvement in the U.S. 2027

In 2023, home improvement sales in the United States amounted to around 544.6 billion U.S. dollars. By 2027, this amount is expected to reach over 600 billion U.S. dollars.

Home improvement chains

With sales exceeding the 157 billion U.S. dollar mark, The Home Depot was the leading home improvement chain in the United States in 2022. Other large chains in the industry included Lowe’s (Home Depot’s main competitor), Tractor Supply, and Menards that year. In terms of customer satisfaction however, The Home Depot ranked third in 2023, while Ace Hardware 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.

Home improvement market size in the United States from 2008 to 2027 (in billion U.S. dollars)

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Release date

December 2023

More information

Region

United States

Survey time period

2008 to 2022

Supplementary notes

* Estimate.
Revised. Figures prior to 2021 were taken from previous editions of the publication.
Total sales figures are derived from a formula that incorporates information from NRHA's Annual Cost of Doing Business Study, direct retailer research, the U.S. Department of Commerce NAICS 444 sales reports and information from other research outlets.
Industry estimates consider sales from all retailers whose primary business is selling home improvement products. Estimates include sales through the industry's hardware stores, home centers, big-box outlets, and retail lumberyards.

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