Market Trends of Canada Kitchen Appliances Industry
This section covers the major market trends shaping the Canada Kitchen Appliances Market according to our research experts:
Modular and Built-in Kitchen Appliances is Driving the Growth
The concept of including modular kitchen can be mainly due to the income level growth of the people in the country. Disposable incomes are on the rise, while mortgage borrowing reached its lowest level in almost four years, in early 2018. Higher disposable income levels and growing urbanization are paving the way for multifunctional, connected appliances, due to which consumers are transforming their kitchen into a place for cooking, as well as technology, nutrition, and sustainability.
Online Channel Grows into a Key Sales Partner
E-commerce stores are the fastest growing channel in Canada, as the Canadians are among the highest internet users in the world. They mostly depend on the internet to place orders. For the past decade, online sales have increased at a much higher rate than the traditional retail sales. Most Canadian retail firms have adopted wireless technologies and internet-based systems, to improve the business-to-business and business-to-consumer relations. Manufacturing firms and government organizations are also likely to use internet for purchases, especially for small routine orders.
