The data for bus sales in Canada indicates significant fluctuations over the past decade. Recent years saw a notable decline in 2020, followed by a gradual recovery. In 2023, sales stood at 3.22 thousand units, reflecting a 12.46% increase from the previous year. Over the past five years, the compound annual growth rate (CAGR) was -5.75%, highlighting an overall downtrend. However, forecasts suggest modest growth with a 5-year CAGR of 0.79%, and expected sales to reach 3.39 thousand units by 2028.
Future trends to watch for include:
- Technological advancements in electric and autonomous buses
- Government policies promoting green transportation
- Urbanization and public transport infrastructure investments
