The Consumer Electronics segment in Canada registered Market value of USD 3,961.44 Millions in 2023
The indicator recorded a historical decline (CAGR) of 3.69% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Consumer electronics retail market in Canada
The Canadian consumer electronics retail market grew by a significant share in 2020.
The Consumer Electronics Retail market is comprised of the sales of communications equipment, computer hardware and software, consumer electronics, household appliances, and photographic equipment. Communications equipment includes retail sales only of answer machines, fax machines, fixed-line telephones, mobile phone accessories and mobile phones. Computer hardware and software include retail sales only of desktops and laptop computers, software, memory sticks, CD packs, hard disks and other data storage devices, computer peripherals, PDAs, organizers, calculators, and satellite navigation systems.
Despite performing well in 2020, a stall is expected in 2021. The boost to replacing electronic products will subside and the economic effects of the pandemic and store closures will be felt. However, with vaccine rollouts underway there is hope that the worst of the crisis will be over during 2021. There is likely to be a boost once life returns to normal which should see the market return to growth. With electronic devices constantly evolving with new technology demand is unlikely to subside for any long period of time.
Category segmentation
Communications equipment is the largest segment of the consumer electronics retail market in Canada, accounting for a major portion of a share of the market's total value. The Household appliances segment accounts for the second-largest segment in the market.
Geography segmentation
Canada accounts for the third-largest market share of America’s consumer electronics retail market.
The United States accounts for a further majority of the share in Americas market.
Market distribution
Electrical and Electronics Specialists form the leading distribution channel in the Canadian consumer electronics retail market, accounting for a major share of the total market's value.
Other Online Retail accounts for the second-largest share in the market.
Who are the leading players?
Amazon.com
Amazon has been a major disruptor of consumer electronics retail for over a decade. The e-commerce giant is responsible for the huge drive in online pureplay sales in the market, although it does not benefit from all online sales, despite being the catalyst for their growth.
Apple
Apple pioneered the luxury consumer electronics category, and its stores differentiate themselves from other brick-and-mortar electronics outlets with an explicitly premium feel. The world’s most valuable company is currently in the process of renovating many of these stores, since they are often too small to accommodate its product range, which has been massively expanded over the last decade. Like other brick-and-mortar retailers, Apple makes customer service a focal point of its stores, and customer advisors can be booked for one-on-one assistance with products.
United States of America
United States of America
United States of America
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Germany
China
United States of America
United States of America
United States of America
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