Introduction:
The e-commerce industry in Canada has been experiencing significant growth in recent years, with more and more businesses turning to online platforms to reach customers. As a result, the demand for e-commerce and platforms exporters in Canada has also been on the rise. According to recent statistics, the e-commerce market in Canada is projected to reach $64.8 billion by 2024, with a CAGR of 8.7% from 2020 to 2024. In this report, we will be looking at the top 10 e-commerce and platforms exporters in Canada.
Top 10 E-Commerce & Platforms Exporters in Canada:
1. Shopify
– Shopify is a leading e-commerce platform based in Canada, with over 1 million businesses using their platform worldwide.
– In 2020, Shopify’s total revenue reached $2.93 billion, representing a 86% increase from the previous year.
2. Amazon Canada
– Amazon Canada is a major player in the e-commerce industry, with a wide range of products available for purchase.
– In 2020, Amazon’s e-commerce market share in Canada was estimated to be around 33%.
3. eBay Canada
– eBay Canada is another popular e-commerce platform, allowing individuals and businesses to buy and sell products online.
– In 2020, eBay’s total revenue in Canada was $1.12 billion.
4. Walmart Canada
– Walmart Canada is a leading retailer in the country, offering both in-store and online shopping options.
– In 2020, Walmart’s e-commerce sales in Canada grew by 40%.
5. Best Buy Canada
– Best Buy Canada is a well-known electronics retailer, with a strong online presence.
– In 2020, Best Buy’s online sales in Canada accounted for 28% of their total revenue.
6. Costco Canada
– Costco Canada is a popular wholesale retailer, offering a wide range of products online.
– In 2020, Costco’s e-commerce sales in Canada grew by 50%.
7. Indigo
– Indigo is a Canadian bookstore chain with a growing online presence.
– In 2020, Indigo’s online sales accounted for 20% of their total revenue.
8. Hudson’s Bay
– Hudson’s Bay is a department store chain in Canada, with a strong online platform.
– In 2020, Hudson’s Bay’s e-commerce sales grew by 25%.
9. Lululemon
– Lululemon is a popular athletic apparel brand with a growing e-commerce business.
– In 2020, Lululemon’s online sales in Canada accounted for 35% of their total revenue.
10. Canadian Tire
– Canadian Tire is a retail company with a strong online presence, offering a wide range of products.
– In 2020, Canadian Tire’s e-commerce sales grew by 30%.
Insights:
The e-commerce industry in Canada is expected to continue its growth trajectory in the coming years, with more businesses investing in online platforms to reach customers. The COVID-19 pandemic has also accelerated the shift towards online shopping, driving more consumers to shop online. As a result, the demand for e-commerce and platforms exporters in Canada is expected to remain strong. According to projections, the e-commerce market in Canada is expected to reach $76.4 billion by 2025, with a CAGR of 9.2% from 2020 to 2025. This presents a significant opportunity for businesses in the e-commerce space to expand their operations and reach a wider audience.
Related Analysis: View Previous Industry Report
