In 2023, the e-commerce share of retail sales for electronics and appliance stores in Canada was approximately 26%. The forecasted data from 2024 to 2028 shows a steady increase, with annual growth rates suggesting a positive upward trend. Specifically, the year-on-year growth rates average around 2 percentage points annually. Over the five-year span from 2024 to 2028, there is a compound annual growth rate (CAGR) of approximately 6.7%.

Future trends to watch for:

Increased integration of AI and machine learning in e-commerce platforms, enhancing personalized shopping experiences.
Sustainability concerns may lead to growth in eco-friendly electronic products, influencing online retail offerings and promotions.
The role of augmented and virtual reality in providing immersive shopping experiences will likely expand, impacting consumer preferences and purchasing behavior.