IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Consumer Electronics Stores in Canada Industry Data and Analysis
Consumer electronics stores have exhibited mixed performance in recent years. Electronics retailers offer a broad spectrum of goods, including TVs, computers, tablets, refrigerators, washing machines and blenders. Stores have struggled because of strong competition from mass merchandisers, including discount retailers and department stores and the continued rise of e-commerce outlets. The large shift in consumer spending from services to goods during the pandemic unexpectedly boosted revenue in 2020 as demand for consumer electronics rose. However, this wasn't enough to offset the overall slump in revenue caused by strong external competition and unfavourable macroeconomic conditions. Revenue for consumer electronics stores is expected to dip at a CAGR of 1.2% to $15.6 billion through the end of 2024, despite a forecast increase of 0.1% that year alone.
Access this data your way
The Consumer Electronics Stores in Canada Industry analysis is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What's included in this industry analysis
IBISWorld's research coverage on the Consumer Electronics Stores industry in Canada includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released October 2024.
About this industry
What's this industry report about?
The Consumer Electronics Stores industry in Canada operates under the NAICS industry code 44314CA. 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. Related terms covered in the Consumer Electronics Stores industry in Canada include brick-and-mortar, blu-ray, point-of-sale (pos), radio-frequency identification (rfid) and smartphone.
What's included in this industry?
Products and services covered in Consumer Electronics Stores industry in Canada include TV and audiovisual equipment, Computer hardware and software and Appliances.
What companies are included in this industry?
Companies covered in the Consumer Electronics Stores industry in Canada include Amazon, Best Buy and Apple Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Consumer Electronics Stores industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Consumer Electronics Stores industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Consumer Electronics Stores industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Consumer Electronics Stores industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Consumer Electronics Stores industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Consumer Electronics Stores industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Consumer Electronics Stores industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Consumer Electronics Stores industry in Canada.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the market size of the Consumer Electronics Stores industry in Canada in 2026?
The market size of the Consumer Electronics Stores industry in Canada is $15.6bn in 2026.
How many businesses are there in the Consumer Electronics Stores industry in Canada in 2024?
There are 5,543 businesses in the Consumer Electronics Stores industry in Canada, which has declined at a CAGR of 3.6 % between 2019 and 2024.
How may import tariffs affect the Consumer Electronics Stores industry in Canada?
The Consumer Electronics Stores industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Consumer Electronics Stores industry in Canada?
The Consumer Electronics Stores industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Consumer Electronics Stores industry in Canada grown or declined over the past 5 years?
The market size of the Consumer Electronics Stores industry in Canada has been declining at a CAGR of 1.2 % between 2019 and 2024.
What is the forecast growth of the Consumer Electronics Stores industry in Canada over the next 5 years?
Over the next five years, the Consumer Electronics Stores industry in Canada is expected to grow.
What are the biggest companies in the Consumer Electronics Stores industry in Canada?
The biggest companies operating in the Consumer Electronics Stores industry in Canada are Amazon, Best Buy and Apple Inc.
What does the Consumer Electronics Stores industry in Canada include?
Retailing consumer electronics (e.g. radios, TVs, digital cameras, video games and computers) and Retailing mobile phones, smartphones and accessories are part of the Consumer Electronics Stores industry in Canada.
Which companies have the highest market share in the Consumer Electronics Stores industry in Canada?
The company holding the most market share in the Consumer Electronics Stores industry in Canada is Amazon.
How competitive is the Consumer Electronics Stores industry in Canada?
The level of competition is high and increasing in the Consumer Electronics Stores industry in Canada.
Cut through the noise with intelligence you can trust
