The sales of building material and garden equipment and supplies dealers in Canada have shown a consistent upward trajectory from 2013 to 2023, with the value rising from 30.405 billion CAD to 65.305 billion CAD in 2023. This growth has been marked by significant year-on-year variations, peaking at 17% in 2021 and reflecting a general trend of increasing momentum, especially from 2020 onwards, driven by a robust CAGR of 11.05% in the past five years.
Looking ahead, the forecasted data from 2024 to 2028 suggests continued growth, with sales expected to reach 100.37 billion CAD by 2028. The forecasted 5-year CAGR of 6.73% indicates sustained positive growth, though at a moderately slower rate compared to the previous five years.
Future trends to watch for include:
- Potential impacts of economic fluctuations on consumer spending
- Technological advancements in building and gardening supplies
- Growing sustainability trends influencing product offerings
- Changes in housing market dynamics and DIY culture
