The sales of hardware in non-store retailing in Canada saw a notable rise from 2013 to 2015, with significant year-on-year increases of 96.89% and 57.65%, respectively. However, there was a sudden drop of 32.15% in 2016, followed by a steady recovery until 2019. The period 2020-2021 displayed moderate growth rates with a minor decline in 2022. The sales value reached 43.81 million Canadian dollars in 2023, reflecting a 3.39% increase from the previous year. The past five-year CAGR stands at 3.82%. Looking ahead, a forecasted 5-year CAGR of 2.22% suggests more modest growth, culminating in an 11.61% rise by 2028.
Future trends to watch for include the potential impact of evolving consumer behavior towards e-commerce, advancements in technology streamlining online hardware purchasing, and economic factors that could influence discretionary spending in non-store retailing.
