Canada Home Appliance Industry Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Canada Home Appliance Market Analysis

The Canada Home Appliances Market size is expected to grow from USD 4.80 billion in 2023 to USD 6.10 billion by 2028, at a CAGR of 4.90% during the forecast period (2023-2028).

• The outbreak of the COVID-19 pandemic caused disruptions in the supply chain, manufacturing, and distribution channels, leading to shortages of certain home appliances. Factories and production facilities shut down temporarily, affecting the availability of products. As remote work and online learning became the norm, there was a surge in demand for home office equipment such as laptops, monitors, and printers. This trend impacted the sales of traditional office appliances and furniture. The pandemic accelerated the adoption of online shopping in Canada.
• Consumers turned to e-commerce platforms to purchase home appliances, relying on online reviews and product comparisons. Retailers had to adapt by expanding their online presence and enhancing their delivery services. The Canadian government introduced various economic stimulus packages and financial aid programs to support businesses and individuals affected by the pandemic. These measures helped mitigate some of the negative impacts on the home appliances market by boosting consumer spending power.
• The Canadian home appliances market is recording growth numbers and is largely driven by innovation in the appliances. As customer groups are getting younger, more preference is being given to products that are energy-efficient and consume less electricity and water. Products with multi-utility, smart features that look simple yet more fashionable than the usual ones are gaining more significance and wide appreciation by consumers.
• Customers also prefer aesthetically pleasing colors that go well with their interiors and are Environment-friendly owing to an increasing focus on initiatives to control carbon footprint by both the government and buyers. The replacement sales, which are usually high in the region, are driven by products with enhanced quality standards, less power consumption, limited harmful emissions, and technology advancements. A rise in demand for smart appliances, which are connectable, wireless goods, and come with ease of access, is observed across the country.
• Appliances with invertor in-built or rechargeable features are recording an increase in the total number of units sold. The e-commerce penetration is also scoring a good number of sales over the past years, owing to the convenience and delivery facilities that online shopping holds and the ease of selection by allowing consumers to compare two or more brands, their features, prices, etc.

Canada Home Appliance Market Trends

Small Home Appliances are Dominating the Sales Volume of the Market

Canada Home Appliance Industry Segmentation

A home appliance, also referred to as a domestic appliance, an electric appliance, or a household appliance, is a machine that assists in household functions such as cooking, cleaning, and food preservation. Appliances are divided into three types: small appliances, major appliances, and consumer electronics.

The Canada home appliances market is segmented by major appliances (refrigerators, freezers, dishwashing machines, washing machines, and cookers and ovens), small appliances (vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills and roasters, hair dryers, and other small appliances), and distribution channel (multi-brand stores​, exclusive stores​, online​, and other distribution channels​).

The report offers market size and forecasts for Canada's home appliances market in value (USD billion) for all the above segments.