The projected re-import of diesel-powered buses to Canada demonstrates a declining trend from 2024 through 2028. In 2023, the actual value stood relatively higher, marking this ongoing downtrend starting 2024 with a forecasted decline from $12.409 million USD to $9.9383 million USD by 2028. This forecasted decrease indicates an average negative compound annual growth rate (CAGR) over this five-year period.
Future trends to watch for include:
- Increasing environmental regulations may further decrease demand for diesel-powered buses.
- The growth of electric and alternative fuel vehicles could cannibalize market share.
- Technological advancements might make replacements and re-imports of diesel vehicles less attractive economically.
