The forecast indicates a consistent decline in business enterprise R&D expenditure in the manufacture of wearing apparel in Canada from 2024 to 2028. Starting with 1.96 million USD PPP in 2024, the expenditure is expected to decrease year-on-year, reaching 1.44 million USD PPP in 2028.
Year-on-year analysis shows:
- 2025: -9.18%
- 2026: -7.87%
- 2027: -6.71%
- 2028: -5.88%
The CAGR over these five years is approximately -7.42%, suggesting a steady reduction in investment intensity in this sector.
Future trends to watch for include potential shifts towards digital innovation and sustainable practices as these may drive changes in R&D priorities, pushing the industry to reconsider its investment patterns to remain competitive and relevant in a transforming market.
