The forecast for internal R&D personnel in the manufacture of machinery and equipment in Canada indicates a steady increase from 2024 to 2028, starting at 10.21 thousand full-time equivalents (FTEs) in 2024 and reaching 10.89 thousand FTEs by 2028. This growth reflects a stable upward trend. While 2024 sees a 1.67% increase from the preceding year, the compound annual growth rate (CAGR) for this period is approximately 1.63%, suggesting consistent expansion in R&D staffing levels.
Future trends to watch include advancements in technology and automation impacting labor needs, potential policy changes affecting R&D investments, and the global competitive landscape influencing Canadian machinery and equipment sectors.
