Furniture & Homeware market in Canada

The Canadian Furniture & Homeware eCommerce market is predicted to reach US$6,553.2 million by 2024 and accounts for 10.4% of the total eCommerce market in Canada. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.8%, resulting in a projected market volume of US$9,181.9 million by 2028. Within the Furniture & Homeware market ECDB considers the following two sub-markets: Furniture and Homeware.

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Canadian Furniture & Homeware retail market, the online share is 29.0% and will increase by an average of 2.9% to 32.4% by 2028.

With sales in the Canadian Furniture & Homeware market, amazon.ca generated a revenue of US$750.6 million in 2023, which means it is the leading online store in this market. The Furniture & Homeware ranking of Canada is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.

With 99.1% VISA the most commonly offered payment method of all online stores in the Canadian Furniture & Homeware eCommerce market in 2023. Like VISA Mastercard with a penetration of 99.1%, American Express with a share of 79.4%, and Discover with a share of 36.4% the payment type Cards is the most common used by online retailers in in the Canadian Furniture & Homeware eCommerce market in 2023. With a share 62.6% PayPal is the most common used payment method offered to the clients of type E-wallets.

Despite FedEx's dominant position with 54.4% of online stores opting for its services, the Canadian Furniture & Homeware eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including Canada Post, UPS (United Parcel Service), Purolator, and Canpar, hold smaller but significant shares, contributing to a dynamic and fragmented market.

Although Shopify holds a commanding lead with 38.4% of online stores using the shop software solution, the Canadian Furniture & Homeware eCommerce market in 2023 remains vibrant and competitive. This is due to the presence of several other shop software solutions, including Magento, WooCommerce, BigCommerce, and Salesforce Commerce Cloud, which collectively hold a significant share of the market.