The average expenditure per household on computer hardware in Canada is forecasted to decline gradually from CAD 165.6 in 2024 to CAD 155.23 in 2028. Comparing this trajectory to the 2023 figure, there is an observable downward trend, with each year showing a moderate year-on-year decrease. The compounded annual growth rate (CAGR) from 2024 to 2028 is expected to be negative, reflecting this consistent decline over the five-year span. This downward trend indicates a shift towards reduced household spending on computer hardware.

Future trends to watch for include:

The impact of technological advancements driving down hardware prices.
Shifts in consumer preference towards multifunctional devices.
Potential influence of subscription-based and service-oriented models reducing the need for frequent hardware purchases.
Evolving market dynamics driven by economic factors and changes in digital consumption patterns.