In 2023, the number of self-employed people in the wholesale, retail, and repair of motor vehicles and motorcycles sector in Canada stood at a certain level. Forecasts from 2024 to 2028 show a gradual decline in the number of jobs, decreasing from 114.84 thousand units in 2024 to 114.25 thousand units in 2028. The year-on-year variation shows a consistent decrease, indicating a slight but steady downturn in self-employment within this sector.
The compound annual growth rate (CAGR) over the forecast period suggests a minimal average annual contraction in self-employed positions.
Future trends to watch for:
- The impact of technological advancements and automation on the sector.
- Changes in consumer behavior affecting demand for vehicle retail and repairs.
- Economic factors and policies that encourage or inhibit self-employment.
