The volume of road traffic in Canada saw minor year-on-year fluctuations from 2013 to 2023, peaking at 15.72 million units in 2019 before experiencing a slight decline to 15.62 million units in 2023. Notable annual variations included a 0.97% increase in 2016 and minor declines of around 0.06% yearly from 2021 to 2023. The compound annual growth rate (CAGR) over the last five years (2018 to 2023) was a negligible 0.029%, suggesting a stable but slightly declining trend.
Forecasts project a continued slight decline, with the volume of road traffic expected to decrease to 15.57 million units by 2028. The anticipated average annual decline for the next five years is forecasted at -0.05%, indicating a minimal but persistent reduction in road traffic volume.
Future trends to watch:
- Emerging technologies such as autonomous vehicles and electric vehicles may influence driving patterns and road traffic volume.
- Government policies aimed at reducing carbon emissions could lead to changes in vehicular travel behavior.
- Continued urbanization and development of public transportation infrastructure may reduce the dependency on private motor vehicles.
