The e-commerce share of retail sales for sporting goods, hobby, book, and music stores in Canada is projected to rise from 3.0366 billion CAD in 2024 to 3.6898 billion CAD by 2028. This upward trend represents a growing year-on-year increase, demonstrated by a forecasted compound annual growth rate (CAGR) over five years. However, precise data from 2023 needs to be available to provide year-on-year percentage variations. Given 2024 is the current reference year, this growth indicates a steady shift towards digital retail channels.
Future trends to watch for include increasing consumer preference for online shopping, advancements in e-commerce technology, and the potential influence of hybrid commerce models. Additionally, market players may focus on enhancing the digital shopping experience, competitive pricing strategies, and sustainability practices to capture more market share.
