Home Depot and Lowe's: average amount spent by consumers 2011-2024

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, 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.