The civil engineering sector in Canada is projected to see modest growth over the coming years, with employment measured in million hours. Starting from a benchmark of 811.50 million hours in 2023, 2024 is anticipated to reach 813.68 million hours. The forecast continues with slight increments, reaching approximately 818.85 million hours by 2028.
Year-on-year, the sector shows small growth percentages indicative of steady but slow expansion. Specifically, the CAGR from 2023 to 2028 is expected to be around 0.16%, suggesting relatively stable employment levels without significant year-to-year fluctuations.
Future trends to watch for include:
- Technological advancements influencing demand for skilled labor in digital design and construction management.
- Government infrastructure projects and green initiatives potentially boosting employment needs.
- Economic conditions and investment trends that might affect sector growth and employment stability.