The sales of office machinery and equipment rental and leasing services in non-store retailing in Canada have shown a significant decline from 2018 to 2022. Initially valued at 6.37 million CAD in 2018, the sector has seen a year-on-year decrease, reaching 0.984 million CAD by 2022. The compound annual growth rate (CAGR) over the last five years was negative, indicating a consistent downtrend in this market space. The latest data available for 2023 shows a continuation of this downward trend.

Future trends to watch for:

The impact of increased remote work culture on the demand for office machinery and leasing.
Potential shifts towards digital solutions reducing the need for physical office equipment.
Emerging technology trends influencing equipment obsolescence and leasing models.
Economic conditions affecting business investments in office infrastructure.