The forecast for self-employed individuals in Canada's electrical equipment manufacturing sector shows a stark decline from 2024 to 2028, with a consistent decrease in job numbers each year. This series starts at 63 jobs in 2024, declining by 19% to 51 in 2025, followed by a 25.5% drop to 38 in 2026, an approximate 31.6% decline to 26 in 2027, and a final 46.2% plunge to 14 in 2028. Overall, the five-year CAGR demonstrates a negative growth rate indicating a severe contraction in self-employment opportunities within the sector.
Future trends to watch for include technological automation, industry consolidation, or policy shifts impacting self-employment dynamics. Additionally, the evolution of the gig economy, potential advancements in green manufacturing, and digitalization within the industry could further influence self-employment shifts.
