In 2023, the sales of home furniture, furnishings, housewares, appliances, and electronics in non-store retailing in Canada stood at a slightly lower level than the forecasted 2024 value of 4.6634 billion CAD. The market is projected to experience steady growth with a year-on-year increase of approximately 2.78% in 2025, followed by 2.65% in 2026, 2.52% in 2027, and 2.42% in 2028. This progression suggests a stable upward trend in consumer spending within the sector. The compound annual growth rate (CAGR) for the forecast period is estimated to be 2.59%.
Future trends to watch for include:
- Increased adoption of technology and automation in non-store retailing.
- Consumer preference for sustainable and eco-friendly products, influencing product offerings.
- The impact of economic factors, such as inflation and currency fluctuations, on consumer spending.