Top 4 Lowe’s Suppliers in 2025: Market Value and Insights

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Lowe’s Companies Inc. (NYSE: LOW) stands as a premier American home improvement retailer, delivering a vast array of products for home decoration, repair, remodeling, and maintenance, along with installation services. Serving both retail and wholesale clients, Lowe’s has demonstrated strong financial growth, reporting $978 million in net earnings for the fourth quarter of 2021, a significant rise from $509 million in the same quarter of 2019. Total sales surged to $20.3 billion, up from $16 billion in Q4 2019.

During the pandemic, Lowe’s experienced a remarkable 28.1% increase in same-store sales, fueled by heightened consumer investment in home projects. However, as normalcy returns with workplace reopenings and widespread vaccinations, the company anticipates a potential slowdown in sales.

To sustain momentum, Lowe’s has implemented strategic initiatives including website redesign, supply chain enhancements, store improvements, and expanded partnerships with contractors and electricians.

With a diverse supplier base of approximately 7,000 vendors primarily in the U.S., Lowe’s also sources from South Korea, Canada, China, and Taiwan. Below are the four largest suppliers to Lowe’s as of mid-2024, ranked by market valuation according to CSI Market.

Key Highlights

• Lowe’s collaborates with over 7,000 vendors globally to meet diverse customer needs.
• Avery Dennison Corporation leads as a top supplier, specializing in labeling and RFID technologies.
• Illinois Tool Works provides a broad spectrum of cleaning and maintenance supplies.
• Stanley Black & Decker supplies power tools and related accessories.
• Deere & Company delivers a wide range of lawn care equipment and parts.

1. Avery Dennison Corporation (AVY)

Avery Dennison is a global leader in materials science, designing and manufacturing pressure-sensitive labels, tapes, RFID systems, and retail tagging solutions. Their product portfolio extends to industrial, medical, and consumer goods, including reflective highway safety products and business forms.

Headquartered in Glendale, California, Avery Dennison employs over 32,000 people across more than 50 countries. In 2023, the company reported revenues of approximately $7.5 billion and maintains a market capitalization nearing $18 billion.

2. Illinois Tool Works Incorporated (ITW)

Founded in 1912, Illinois Tool Works is a Fortune 200 company specializing in engineered fasteners, consumable systems, and specialty products. ITW is a key supplier of Lowe’s cleaning essentials, ranging from trash bags to detergents.

Based in Glenview, Illinois, ITW employs around 43,000 professionals across 52 countries and reported total revenues of $13 billion in 2023. Its market cap stands at approximately $70 billion as of mid-2024.

35.65%

This percentage reflects the year-over-year net income growth for Lowe’s suppliers in Q2 2024, showcasing robust supplier performance.

3. Stanley Black & Decker Corporation (SWK)

Stanley Black & Decker, formed through a historic merger in 2010, is renowned for its power and hand tools, including the Craftsman brand acquired from Sears. The company supplies Lowe’s with a comprehensive range of tools and related products.

Headquartered in New Britain, Connecticut, Stanley Black & Decker employs 53,000 people worldwide. In 2023, it reported revenues of $15 billion and holds a market capitalization of about $30 billion.

4. Deere & Company (DE)

Deere & Company, famously known as John Deere, is a distinguished manufacturer of agricultural, construction, forestry, and turf equipment. It supplies Lowe’s with an extensive selection of lawn care products and parts.

With headquarters in Moline, Illinois, Deere operates in over 70 countries, employing 69,000 individuals. In 2023, Deere reported net sales of $36 billion and a net income of $3 billion, boasting a market cap of roughly $115 billion.

Ownership History of Lowe’s

Founded by L.S. Lowe in 1921, Lowe’s ownership transitioned to his son Jim in 1940, who, along with Carl Buchan, shifted the business focus to home improvement. Buchan became sole owner in 1952. Lowe’s went public in 1961, evolving into the retail giant it is today.

Lowe’s Private Brands

Lowe’s offers private labels such as allen + roth, Project Source, and Harbor Breeze. The latest addition is Stainmaster, a premium carpet brand acquired in 2021.

Lowe’s vs. Home Depot: What Sets Them Apart?

As the first and second largest home improvement retailers, Home Depot and Lowe’s cater to both DIY enthusiasts and professional contractors. Home Depot leans towards an industrial aesthetic and professional clientele with a decentralized supply chain, while Lowe’s emphasizes a consumer-friendly shopping experience with vibrant displays and centralized operations.

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