E-Commerce & Online Auctions in Canada - Industry Market Research Report

E-Commerce & Online Auctions in Canada - Industry Market Research Report

E-Commerce & Online Auctions in Canada

The E-Commerce and Online Auctions industry in Canada comprises retailers that primarily sell their products online. Accelerated by the rising number of internet and mobile connections, industry revenue is expected to post strong gains, increasing at an expected CAGR of 17.6% to $31.7 billion over the past five years, including an expected increase of 7.7% in 2023 alone. The exceptional rate of growth in this industry is aided in part by increasing internet traffic volume like the number of fixed broadband and mobile connections. Additionally, the coronavirus created a unique opportunity for the industry to benefit from consumers not being able to visit certain stores. Consequently, revenue skyrocketed in 2020 as consumers were forced to shop for certain goods online. Despite strong revenue growth, the average industry profit margin has only increased slightly as a result of new entrants and increased price-based competition.

The E-Commerce and Online Auctions industry in Canada is made up of establishments that sell merchandise online through an online store or auction site. This industry excludes media and software that is streamed or downloaded online.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.