In 2023, the motor vehicles, trailers, and semi-trailers manufacturing sector in Canada employed a total of 185.30 million hours. The forecasted data from 2024 to 2028 shows a declining trend with annual hours dropping from 180.31 million in 2024 to 160.98 million by 2028. This represents a continuous yearly decrease, averaging a compound annual growth rate (CAGR) of approximately -2.2% over the five-year period. The year-on-year decrease from 2024 to 2025 is -2.7%, followed by -2.8% from 2025 to 2026, -2.8% from 2026 to 2027, and -2.9% from 2027 to 2028.

Future trends to watch for in this sector include:

The impact of technological advancements and automation on employment.
Shifts in global and domestic demand for vehicles, trailers, and semi-trailers.
Potential changes in trade policies and environmental regulations affecting production costs and practices.