As of 2024, the forecasted sales for flooring, floor coverings, and floor and wall tiles in Canada's non-store retailing sector are projected to grow steadily through 2028. The series begins with a value of 108.23 million CAD in 2024, increasing to 128.88 million CAD by 2028. This represents an estimated CAGR (Compound Annual Growth Rate) of approximately 4.43% over the five-year forecast period. When comparing year-on-year growth from 2024 to 2028, the average annual increase is about 4.54%, reflecting a consistent upward trend in sales.
Future trends to watch for:
- Increased preference for online shopping, driven by convenience and wider product selections.
- The impact of sustainable and eco-friendly materials gaining traction among consumers.
- The potential influence of technological advancements, such as virtual reality, in enhancing customer experience in non-store environments.