From 2013 to 2023, employment in the Warehousing and Support Activities for Transportation sector in Canada steadily increased from 176.73 thousand units to 256.28 thousand units. Key trends included a notable growth spike in 2015 of 6.11%, and a slight dip in 2020 (-0.57%) due to potential market disruptions, possibly linked to the global pandemic. The sector bounced back with a 3.75% increase by 2023. The compound annual growth rate (CAGR) over this period has been positive, although it slowed to 2.8% by 2023.
Looking ahead from 2024 to 2028, employment is projected to continue its upward trend, albeit at a more moderate CAGR of 1.94%, reaching an estimated 289.8 thousand units in 2028. This represents a forecasted 10.08% growth rate over the next five years.
Future trends to watch for include technological advancements such as automation and AI in logistics, the rise of e-commerce, and the potential impact of environmental regulations on the logistics and transportation sectors. Awareness of these factors will be crucial in navigating the evolving landscape and potential labor market changes.
