TV & Appliance Wholesaling in Canada - Industry Market Research Report

TV & Appliance Wholesaling in Canada - Industry Market Research Report

TV & Appliance Wholesaling in Canada

TV and appliance wholesalers in Canada have benefited from consistent spending from downstream markets, a trend that has continued despite the global disruptions triggered by the COVID-19 pandemic. As lockdown measures pushed more people to spend time at home, many undertook home renovations and boosted the usage of their appliances – driving up wholesalers' sales. Despite global supply chain disruptions, the higher sales volume offset the impact of elevated supply chain expenses on profit. But, increasing interest rates and looming recession fears are straining demand for new appliances and TVs in 2023. While sales haven't completely contracted for a sector typically sensitive to interest rate changes, key downstream markets like retailers and wholesalers will cut TV and appliance orders from the industry. In all, revenue has been expanding at a CAGR of 0.4% over the past five years and is expected to reach $12.8 billion in 2023. This includes an expected drop of 1.3% in 2023.

The Canadian TV and Appliance Wholesaling industry wholesales a range of electric household appliances, such as refrigerators and washing machines and consumer electronics, such as TVs, DVD players and stereo systems. Goods are purchased from domestic and international manufacturers and then sold to mass merchandisers, department stores, home improvement stores and other appliance retailers.

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.