The value of outstanding loans to businesses in Canada mostly increased from the first half of 2018 to the second half of 2023. The main exception to that occurred in the second half of 2020, when the value of loans to large businesses (those with loan authorization levels of five billion Canadian dollars or more) decreased. Large businesses accounted for most of the business loans in Canada, amounting to over one trillion Canadian dollars in the second half of 2024.

North America Dropshipping Market size was valued at USD 92.36 Billion in 2024 and is projected to reach USD 422.43 Billion by 2032, growing at a CAGR of 20.93% from 2026 to 2032.

Key Market Drivers

Rising E-Commerce Adoption: The North America dropshipping market is driven by the rapid growth of e-commerce. In 2023, the U.S. Department of Commerce reported that online retail sales reached $1.1 trillion, a 10% increase from the previous year. Consumers are increasingly shifting to online shopping, creating opportunities for dropshipping businesses. This trend highlights the importance of digital platforms in driving market growth. Increasing Demand for Niche Products: Dropshipping thrives on catering to niche markets and specialized consumer needs. In February 2024, Statistics Canada noted a 15% rise in searches for niche products across e-commerce platforms.