The forecast for total researchers in the manufacture of motor vehicles, trailers, and semi-trailers in Canada shows a steady increase from 2024 to 2028, starting from 1.56 thousand full-time equivalents (FTEs) in 2024 to 1.68 thousand FTEs in 2028. In 2023, the number stood at 1.53 thousand FTEs. The year-on-year growth from 2024 to 2028 averages about 1.92%. This consistent upward trend indicates a Compound Annual Growth Rate (CAGR) of approximately 1.56% over the five years from 2023 to 2028.
Future trends to watch for include advancements in automotive technology, increased demand for electric vehicles, and changes in global trade policies, which may further influence research needs and funding in the sector.
