Home Depot and Lowe's: number of customer transactions globally 2011-2023

In 2023, the Home Depot carried out over 1.6 billion customer transactions worldwide, while Lowe’s carried out over 800 million of them. Both companies saw their customer transaction numbers decreasing slightly compared to the previous year.

Lowe’s and Home Depot’s customer spending

While Home Depot accounted for higher customer transaction numbers between 2011 and 2023, customers spent more money per transaction in Lowe’s in each of those years. In 2023, customers spent an average of 103 U.S. dollars at Lowe’s, while Home Depot customers spent about 90 U.S. dollars per transaction.

Home improvement & DIY lumberyards

In 2023, the U.S. home improvement industry generated nearly 545 billion U.S. dollars in sales. By 2027, this amount is expected to reach over 602 billion U.S. dollars. Do-it-yourself lumberyards in the United States made nearly 138 billion U.S. dollars’ worth of sales in 2023, a number which is projected to grow by roughly 16 million in four years' time.