Based on the forecasted data, the self-employed people in the wearing apparel manufacturing sector in Canada are expected to experience a significant decline from 2024 to 2028. In 2023, the value stood at approximately 2.57 million hours. In 2024, the forecast shows a decrease to 2.21 million hours, marking a drop of about 14%. The downward trend continues with projected values of 1.85 million hours in 2025, 1.49 million hours in 2026, 1.14 million hours in 2027, and finally 0.79 million hours in 2028. This reflects a compound annual growth rate (CAGR) of -19% over the five-year forecast period.
Future trends to watch for include technological advancements in apparel manufacturing, shifts in consumer preferences, and policy changes that could impact self-employment in the sector. An increased focus on sustainable fashion and digitalization could offer new opportunities and challenges for self-employed individuals.
