The sales of Hardware, Tools, Renovation, and Lawn & Garden Products in non-store retailing in Canada are showing a steady upward trend. In 2023, the market stood at significantly lower levels compared to the forecasts. From 2024's $807.8 million, there is a consistent year-on-year growth reaching $892.08 million by 2028, demonstrating an average compound annual growth rate (CAGR) over this period. Between 2024 and 2028, sales increase on average by approximately 2.5% annually.
Looking ahead, notable trends include:
- The increasing popularity of e-commerce and non-store retailing, likely to fuel further growth.
- Rising consumer interest in home improvement and gardening activities post-pandemic.
- The sustained development of urban areas contributing to increased demand for these products through non-store channels.