The Canadian motion picture, video, and TV programme production sector is projected to see steady employment growth, measured in million hours, from 2024 to 2028. Starting from a baseline of 170 million hours in 2023, employment is predicted to increase consistently at a Compound Annual Growth Rate (CAGR) of approximately 3.2% over five years. Year-on-year percentage variations indicate an average growth of around 3.4%. Such upward trends suggest a robust expansion within the industry.
Future trends to watch for include:
- Technological advancements driving increased production capacity and potentially shifting workforce requirements.
- Government policies and incentives that could further influence sector growth rates.
- Global demand dynamics, as Canadian productions compete on an international stage.