The sales of lumber and other renovation materials in non-store retailing in Canada are projected to increase from 89.72 million CAD in 2024 to 105.92 million CAD by 2028. This indicates a strong upward trend, with year-on-year growth rates of approximately 4.65% from 2024 to 2025, 4.35% from 2025 to 2026, 4.09% from 2026 to 2027, and 3.85% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted period is estimated at 4.24%.
Future trends to watch for:
- Continued demand for online shopping and delivery solutions could further boost non-store retail sales.
- Trends in home renovations and sustainable building materials may impact sales patterns and growth.
- Potential economic fluctuations, such as changes in housing markets or interest rates, could influence future sales trends.