Electronics and appliance store sales in Canada have experienced modest growth with some fluctuations over recent years. In 2023, sales stood at CAD 13.864 billion, reflecting a slight decrease of -0.25% from the previous year. The 5-year CAGR from 2018 to 2023 is minimal at 0.039% indicating relatively stable sales over the period.

Significant variations included a notable rise in 2021 with a 6.56% increase, followed by a -6.65% decrease in 2022. Forecast data from 2024 to 2028 suggests a steady decline at a -0.2% CAGR, translating to overall negative growth of -0.97% by 2028.

Future trends to watch for:

Technological advancements potentially influencing consumer purchase behavior.
Shift towards online shopping and its impact on traditional retail stores.
Economic factors, including inflation and currency fluctuations, affecting consumer spending power.