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Home Improvement Stores in the US Industry Data and Analysis
The Home Improvement Stores industry enters 2026 on a solid but moderating footing, with revenue reaching $294.6 billion in 2025, up 2.3% from 2024. The industry’s growth over the past five years highlights its resilience in navigating housing volatility, inflation and interest rate hikes. The resilient DIY boom, surging e-commerce adoption and sustained demand for renovation materials and tools power growth, as consumers remodel their homes for comfort, efficiency and personalization. At the same time, heavy digital investment, omnichannel logistics and tighter loyalty ecosystems have strengthened the dominance of Home Depot and Lowe’s, allowing them to preserve scale advantages and protect profit even as smaller independents struggle.
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What's included in this industry analysis
IBISWorld's research coverage on the Home Improvement Stores industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.
About this industry
What's this industry report about?
The Home Improvement Stores industry in the United States operates under the NAICS industry code 44411. Stores in this industry sell a range of home repair and maintenance goods, such as hardware, tools, electrical goods, lumber and structural materials for construction and renovations. Hardware stores, which are generally smaller and sell fewer items, are excluded from this industry. Home improvement companies purchase goods from manufacturers and wholesalers and sell them to end users, such as do-it-yourself consumers and professional contractors. Related terms covered in the Home Improvement Stores industry in the United States include do-it-yourself (diy), do-it-for-me (difm), professional customers and point-of-sale (pos).
What's included in this industry?
Products and services covered in Home Improvement Stores industry in the United States include Lumber and other building and structural materials, Hardware, tools and plumbing and electrical supplies and Lawn, garden and farm equipment supplies.
What companies are included in this industry?
Companies covered in the Home Improvement Stores industry in the United States include Home Depot, inc., Lowes Companies Inc. and Menard, Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Home Improvement Stores industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Home Improvement Stores industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Home Improvement Stores industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Home Improvement Stores industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Home Improvement Stores industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Home Improvement Stores industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Home Improvement Stores industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Home Improvement Stores industry in the United States.
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Frequently Asked Questions
What is the market size of the Home Improvement Stores industry in the United States in 2026?
The market size of the Home Improvement Stores industry in the United States is $285.4bn in 2026.
How many businesses are there in the Home Improvement Stores industry in the United States in 2025?
There are 4,868 businesses in the Home Improvement Stores industry in the United States, which has grown at a CAGR of 6.1 % between 2020 and 2025.
How may import tariffs affect the Home Improvement Stores industry in the United States?
The Home Improvement Stores industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Home Improvement Stores industry in the United States?
The Home Improvement Stores industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Home Improvement Stores industry in the United States grown or declined over the past 5 years?
The market size of the Home Improvement Stores industry in the United States has been growing at a CAGR of 2.4 % between 2020 and 2025.
What is the forecast growth of the Home Improvement Stores industry in the United States over the next 5 years?
Over the next five years, the Home Improvement Stores industry in the United States is expected to grow.
What are the biggest companies in the Home Improvement Stores industry in the United States?
The biggest companies operating in the Home Improvement Stores industry in the United States are Home Depot, inc., Lowes Companies Inc. and Menard, Inc.
What does the Home Improvement Stores industry in the United States include?
Retailing plumbing goods and Retailing electrical goods are part of the Home Improvement Stores industry in the United States.
Which companies have the highest market share in the Home Improvement Stores industry in the United States?
The company holding the most market share in the Home Improvement Stores industry in the United States is Home Depot, inc..
How competitive is the Home Improvement Stores industry in the United States?
The level of competition is moderate and steady in the Home Improvement Stores industry in the United States.
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