In 2023, the actual value of imports for track-laying tractors (crawlers) to Canada was $179.71 million USD. The forecasted data indicate a gradual increase from $181.01 million in 2024 to $189.94 million in 2028. The year-on-year growth between 2024 and 2028 ranges from approximately 1.27% to 1.15%, showing a steady upward trend. The compound annual growth rate (CAGR) over this five-year period is modeled to be around 1.38%, suggesting moderate but consistent growth in Canadian imports of these tractors.
Future trends to watch for include technological advancements in crawler tractors, which may fuel demand. Additionally, any shifts in Canadian agricultural or construction policies could impact import volumes. Monitoring global market conditions and potential trade agreements will also be essential for accurately forecasting and strategizing in this sector.
