The number of self-employed persons in the wholesale, retail trade, and repair of motor vehicles and motorcycles sector in Canada is projected to remain stable in 2024 and 2025 at 30,000 individuals, followed by a decrease to 29,000 from 2026 to 2028. This represents a 3.33% decline from 2025 to 2026, with no change for the successive years till 2028. As of 2023, there were approximately 30,000 self-employed individuals in this sector. The compound annual growth rate (CAGR) over the five-year forecast is approximately -0.67%.
Future trends to watch for include technological advancements that might disrupt this sector, such as an increase in e-commerce or electric vehicle repairs, which could affect self-employment dynamics. Additionally, changing consumer behaviors and regulatory changes could impact the demand for self-employed services in this industry.
