The value added of the wholesale, retail, and repair of motor vehicles and motorcycles in Canada is forecasted to grow steadily from 2024 to 2028, with figures rising from 55.11 billion to 63.88 billion Canadian Dollars. In 2023, this sector stood at approximately 53.21 billion Canadian Dollars. The year-on-year growth for 2024 to 2025 is 4.06%, and for 2025 to 2026, it is 3.84%. For 2026 to 2027, the growth is 3.66%, and from 2027 to 2028, it stands at 3.50%. The compound annual growth rate (CAGR) over these five years is approximately 3.73%.

Future trends to watch for:

Adoption of electric vehicles, potentially impacting the structure and focus of repair services.
Technological advancements in e-commerce influencing retail distribution channels.
Regulatory changes related to emissions and sustainability affecting market dynamics.
Consumer preferences shifting towards shared mobility solutions.