Electronics market in Canada

Market development

eCommerce revenue development in the Smartwatches market in Canada

The Canadian Smartwatches eCommerce market is predicted to reach US$110.8 million by 2024 and accounts for 3.9% of the Telecommunications 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 11.9%, resulting in a projected market volume of US$174.0 million by 2028. The Smartwatches eCommerce market is a sub-market of the Telecommunications market. Further categories within the Telecommunications market are: Other Telecommunications, and Smartphones.

eCommerce revenue development in the Smartwatches market in Canada

in million US$

eCommerce revenue growth in the Smartwatches market in Canada

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)52.825.355.32.579.516.653.092.5

Online share

eCommerce online share of the total Smartwatches market in Canada

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 Smartwatches retail market, the online share is 49.1% and will decrease by an average of 0.2% to 48.6% by 2028.

eCommerce online share of the total Smartwatches market in Canada

in %
20202021202220232024202520262027
Online share (in %)57.8%79.8%83.8%77.7%88.1%87.6%44.5%46.5%

Market definition

Definition of the Smartwatches market within the Electronics market

Market definition: Electronics > Consumer Electronics > Telecommunications > Smartwatches The category Smartwatches includes the online trade of smartwatches (e.g. apple watch, samsung galaxy watch, huawei watch) and smartwatch accessories (e.g. wristbands and straps, charging and docking stations). This category does not cover smartphone devices (e.g. iphone, samsung galaxy, xiaomi redmi) and fitness trackers (e.g. fitbit, amazfit). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Smartwatches (e.g. Apple Watch, Samsung Galaxy Watch, Huawei Watch)
  • Smartwatch Accessories (e.g. wristbands and straps, charging and docking stations)

Out-of-scope

  • Smartphone devices (e.g. iPhone, Samsung Galaxy, Xiaomi Redmi)
  • Fitness trackers (e.g. Fitbit, Amazfit)