Forecast: Repair and Maintenance Services in Non-Store Retailing in Canada

The repair and maintenance services in non-store retailing in Canada saw significant fluctuations from 2013 to 2023. In 2023, the sector stood at 61.11 Million Canadian Dollars, having experienced substantial volatility. The initial strong value in 2013 dramatically dropped by 54.96% in 2014, continuing to decline until 2016, then partially rebounded in 2017 by 103.53%. After 2017, the value generally decreased year-over-year, despite minor fluctuations, with a -4.62% change from 2022 to 2023. The CAGR from 2018 to 2023 was -4.4%, indicating a consistent decline during this period.

Future trends to watch for include:

  • A continued decrease in value with a forecasted -4.63% CAGR over the next five years.
  • A total forecasted 21.09% decline by 2028, suggesting persistent downward pressure.
  • Possible factors affecting the sector, such as changes in consumer behavior towards online retailing, technological advancements in maintenance, and economic fluctuations.

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