The Business Enterprise R&D Expenditure in Transportation and Storage in Canada is projected to moderately decline from 2024 to 2028, with values decreasing from 70.78 to 70.31 Million US Dollars PPP (2015). Compared to the 2023 expenditure, this indicates a consistent downward trend.

Year-on-year, the expenditure shows slight negative variations. Specifically, from 2024 to 2025 the decline is marginal, followed by a steadier drop through to 2028. The compound annual growth rate (CAGR) over this period reflects this diminishing pattern, averaging a small decrease per year.

Key future trends to watch for:

Impact of new technological advancements and automation on R&D spending.
Potential policy shifts affecting transportation infrastructure investments.
Eco-friendly innovations and related R&D incentives.
Emergence of alternative transportation modes possibly reshaping expenditure structures.