Consumer Electronics Stores in Canada - Industry Market Research Report

Consumer Electronics Stores in Canada - Industry Market Research Report

Consumer Electronics Stores in Canada

Consumer Electronics Stores have experienced mixed performance over the five years to 2023. Industry retailers offer a broad spectrum of goods, including TVs, computers, tablets, refrigerators, washing machines and blenders. Stores have struggled due to strong competition from mass merchandisers, such as discount retailers and department stores, as well as the continued rise of e-commerce outlets. The large shift in consumer spending from services to goods during the COVID-19 (coronavirus) pandemic unexpectedly boosted industry revenue as demand for consumer electronics rose. However, this wasn't enough to offset to the overall decline in revenue caused by strong external competition. Revenue is expected to decrease at a CAGR of 2.2% to $15.1 billion over the five years to 2023, including a decrease of 2.3% in 2023 alone as consumer spending weakens.

The Consumer Electronics Stores industry in Canada retails a range of appliances, electrical goods and home entertainment products, such as dishwashers, TVs and computers. Industry operators purchase goods from manufacturers or wholesalers, which are then sold to the general public in stores or online. New purchases dominate the market, but many stores also offer repair services, while some sell used goods.

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.