The forecast for sales of televisions and home audiovisual equipment in non-store retailing in Canada shows a consistent upward trend from 2024 to 2028. Starting at 396.78 million Canadian dollars in 2024, the sales are projected to grow to 445.51 million by 2028. The year-over-year increase ranges from 3% to 3.7%, which showcases a stable growth pattern.
In the last two years, the growth rates are as follows:
- 2024 to 2025: 3.2%
- 2025 to 2026: 3%
- 2026 to 2027: 2.9%
- 2027 to 2028: 2.7%
This steady increase translates to a compound annual growth rate (CAGR) of approximately 3.2% from 2024 to 2028, indicating healthy and consistent market demand for these products via non-store retailing.
Future trends to watch for include potential disruptions in supply chains, evolving consumer preferences towards smart home technologies, and advancements in online retailing that might accelerate sales growth or introduce volatility in the trends observed.
