The forecasted value added for this sector shows a consistent upward trend: CAD 4.1727 billion in 2024, CAD 4.2111 billion in 2025, CAD 4.2491 billion in 2026, CAD 4.2868 billion in 2027, and CAD 4.324 billion in 2028. Year-on-year variations are as follows: 0.92% (2024-2025), 0.90% (2025-2026), 0.89% (2026-2027), and 0.87% (2027-2028). The compound annual growth rate (CAGR) over this five-year period is approximately 0.895%.
Future trends to watch include advancements in automation and smart machinery, increased demand for sustainable and eco-friendly equipment, and potential impacts from global supply chain disruptions. Monitoring these developments will provide better insights into the sector's trajectory.
