Key Market Indicators
Canadian Passenger Transport Expenditure is projected to reach $8 billion by 2028, increasing from approximately $7.9 billion in 2023. This growth represents an average annual increase of 0.2%. Since 2013, the demand for passenger transport in Canada has seen a yearly rise of 0.4%. As of 2023, Canada ranked third in this sector, with France taking the second spot at $7.9 billion. The rankings show France, Canada, and Italy occupying the second, third, and fourth positions, respectively. In terms of revenue, Canadian Passenger Transport is anticipated to reach around $3.3 billion by 2028, up from $3.2 billion in 2023. This reflects an average annual growth rate of 0.9%. Since the turn of the century, the Canadian market has experienced a yearly increase of 1.2%.
