The biggest player in the Canadian eCommerce Market is amazon.ca. The store had a revenue of US$6.2 billion in 2019. It is followed by walmart.ca with US$1.3 billion revenue and costco.ca with US$1.2 billion revenue. Altogether, the top three stores account for 35% of online revenue in in Canada.
Store rankings are based on every store that generates revenue in in Canada. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in in Canada was considered.
One of the fastest-growing stores in the Canadian market is ilookglasses.ca. The store achieved sales of about US$2.8 million in 2019. Its revenue growth amounted to 71% in the previous year.
Digital Market Outlook by Statista
The Digital Market Outlook presents up-to-date figures on markets of the digital economy. The comparable key figures are based on extensive analyses of relevant indicators from the areas of society, economy, and technology.
Market expansion in in Canada is expected to continue over the next few years, as indicated by the Statista Digital Market Outlook. It has been predicted that the compound annual growth rate (CAGR 19-23) for the next four years will be 8%. Compared to the year-over-year growth of 8%, it is constant. This indicates that the market still has growth potential and is not yet saturated. Another indicator of market saturation is the online penetration of 67% in in Canada; in other words, 67% of the Canadian population have bought at least one product online in 2019.
Five categories are considered by ecommerceDB. Electronics & Media is the largest segment in in Canada and accounts for 30% of the eCommerce revenue in in Canada. This is followed by Fashion with 26%, Toys, Hobby & DIY with 19%, Furniture & Appliances with 15% and Food & Personal Care with the remaining 9%.
In in Canada, Canada Post is the most frequently offered delivery service provider among online stores. Of those stores that indicating which service they use to transport their goods, 45% cited Canada Post as one of their providers. Moreover, UPS (United Parcel Service) and FedEx are among the top three shipping service companies offered by online retailers in in Canada, at rates of 32% and 20%.
Shipping information is based on orders from the store's main country, which is defined as the one where the store generates most of its online revenue. In this case, it is in Canada. Only stores that provide information about their shipping providers can be considered.
|#||Shipping service provider|
|2.||UPS (United Parcel Service)||32%|