The average household expenditure on video equipment in Canada is forecast to decline steadily from 2024 to 2028. In 2023, this expenditure was higher than the forecasted $94.66 in 2024. The years 2024 to 2028 show a year-on-year decrease with expenditures dropping approximately 4.57% annually on average. This consistent decline results in a compound annual growth rate (CAGR) of -4.56% over the five-year period.

Future trends to watch for:

Potential shifts in consumer preferences towards streaming services over physical video equipment
Advances in technology leading to more affordable video equipment options
Impact of economic factors and disposable income on consumer spending habits in the video equipment market