In 2023, the number of individuals injured in road accidents in Canada stood at 132,000. From 2024 onwards, the forecast indicates a declining trend, with figures dropping from 129.71 thousand in 2024 to 117.59 thousand in 2028. Year-over-year, the percentage decreases are expected as follows: 2.38% from 2024 to 2025, 2.41% from 2025 to 2026, 2.44% from 2026 to 2027, and 2.47% from 2027 to 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is anticipated to be -2.43%.
Future trends to watch for include:
- Advancements in vehicle safety technology leading to reduced accident-related injuries.
- Increased public awareness and stricter legislation on road safety might impact future forecasts positively.
- Urban planning and infrastructure improvements could play a role in decreasing road accident injuries.