Based on the forecasted data provided, the average expenditure per household on refrigerators and freezers in Canada is projected to increase from CAD 126.2 in 2024 to CAD 134.1 in 2028. The year-on-year variations are as follows:
- 2025: 1.66%
- 2026: 1.56%
- 2027: 1.46%
- 2028: 1.44%
The compound annual growth rate (CAGR) over the 5-year period is estimated to be approximately 1.48% annually.
Future trends to watch include advancements in energy-efficient technologies, potential shifts in consumer preferences towards smart appliances, and any economic factors that may impact household spending capability. These trends could further influence the market dynamics and expenditure patterns in coming years.
