In 2021, the Home Depot carried out nearly 1.8 billion customer transactions worldwide, while Lowe’s carried out slightly over one billion of them. The Home Depot's customer transaction numbers increased compared to the previous year, while Lowe's slightly decreased.
Lowe’s and Home Depot’s customer spending
While Home Depot accounted for higher customer transaction numbers between 2011 and 2021, customers spent more money per transaction in Lowe’s in each of those years. In 2021, customers spent an average of 96 U.S. dollars at Lowe’s, while Home Depot customers spent under just over 80 U.S. dollars per transaction.
Home improvement & DIY lumberyards
In 2021, the U.S. home improvement industry generated nearly 538 billion U.S. dollars in sales. By 2025, this amount is expected to reach over 620 billion U.S. dollars. Do-it-yourself lumberyards in the United States made nearly 140 billion U.S. dollars’ worth of sales in 2021, a number which is projected to grow by roughly 19 million in four years' time.
Number of customer transactions at the Home Depot and Lowe's worldwide from 2011 to 2021
(in millions)
* The Home Depot data can be found on page 28 of the Home Depot 10K Report 2020. Figures prior to 2018 were retrieved from earlier releases of the source.
The Lowe's data can be found on page 6 of Lowe's 2021 Annual Report.
Figures prior to 2020 were retrieved from earlier releases of the source.
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Home Depot, & Lowe's, & Statista. (April 26, 2022). Number of customer transactions at the Home Depot and Lowe's worldwide from 2011 to 2021 (in millions) [Graph]. In Statista. Retrieved May 18, 2022, from https://www.statista.com/statistics/318849/number-of-customer-transactions-at-the-home-depot-and-lowe-s-worldwide/
Home Depot, und Lowe's, und Statista. "Number of customer transactions at the Home Depot and Lowe's worldwide from 2011 to 2021 (in millions)." Chart. April 26, 2022. Statista. Accessed May 18, 2022. https://www.statista.com/statistics/318849/number-of-customer-transactions-at-the-home-depot-and-lowe-s-worldwide/
Home Depot, Lowe's, Statista. (2022). Number of customer transactions at the Home Depot and Lowe's worldwide from 2011 to 2021 (in millions). Statista. Statista Inc.. Accessed: May 18, 2022. https://www.statista.com/statistics/318849/number-of-customer-transactions-at-the-home-depot-and-lowe-s-worldwide/
Home Depot, and Lowe's, and Statista. "Number of Customer Transactions at The Home Depot and Lowe's Worldwide from 2011 to 2021 (in Millions)." Statista, Statista Inc., 26 Apr 2022, https://www.statista.com/statistics/318849/number-of-customer-transactions-at-the-home-depot-and-lowe-s-worldwide/
Home Depot & Lowe's & Statista, Number of customer transactions at the Home Depot and Lowe's worldwide from 2011 to 2021 (in millions) Statista, https://www.statista.com/statistics/318849/number-of-customer-transactions-at-the-home-depot-and-lowe-s-worldwide/ (last visited May 18, 2022)
