The Engine, Turbine, and Power Transmission Equipment Manufacturing sector in Canada demonstrated significant volatility from 2013 to 2023. In 2023, the closing inventory stood at 538.62 million CAD. The sector experienced considerable fluctuations, with dramatic year-on-year changes, including a sharp decline in 2014 and substantial rebounds in 2015 and 2019. Over the last two years, inventories saw a 14.32% growth in 2022, followed by a 9.66% increase in 2023. The five-year CAGR from 2018 to 2023 was 5.29%, indicating an overall upward trend despite short-term volatilities.

Future trends to watch for include:

Continued inventory growth, with forecasts predicting an average annual increase of 2% towards 2028.
Infrastructure investments and technological advancements impacting production capabilities.
Global supply chain dynamics, which could influence inventory levels and stability.