Consumer Electronics Stores in Canada
The Consumer Electronics Stores industry in Canada has experienced poor performance over the five years to 2019. While rising per capita disposable income levels have provided improved economic conditions, competition from mass merchandisers and online retailers that offer goods at competitive prices has increasingly siphoned sales away from industry operators. Due to rising levels of competition, many industry operators have struggled to attract customers to their stores, as online merchants and mass merchandisers can traditionally offer a wider variety of products at lower prices. As a result, industry profit margins have fallen over the past five years. Over the five years to 2024, the industry is forecast to continue its long-term decline. With consumer spending forecast to slow and rising interest rates and high levels of household debt constraining consumer conditions, competition between industry operators and external companies will increase.
This industry 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.
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