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Home Depot and Lowe’s have 30% share of a home improvement market that’s heading toward $1 trillion

·3 min read
Home Depot and Lowe’s have 30% share of a home improvement market that’s heading toward $1 trillion
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Home Depot Inc. and Lowe’s Cos. are two of the biggest names in all of U.S. retail, but they only have about 30% market share in the category, according to data provided by Bank of America. Analysts led by Curtis Nagle say Home Depot (HD) and Lowe’s (LOW) “command about 17% and 12% market share, respectively, in what remains a relatively fragmented industry.” Bank of America expects the two companies to continue to make gains.