The Canadian Motor Vehicles, Trailers, and Semi-Trailers Manufacturing sector is forecasted to experience a consistent decline in employment over the next five years. In 2023, employment stood at 96.27 thousand persons. The year-on-year variation shows a decline of 2.31% by 2024, 2.31% by 2025, 2.37% by 2026, 2.41% by 2027, and 2.47% by 2028. Over the five-year period from 2024 to 2028, the sector is expected to see a compound annual growth rate (CAGR) of approximately -2.33%.

Future trends to watch for include:

Technological advancements, such as automation and electric vehicle production, could alter labor demands.
Policy changes on climate action and trade agreements may impact industry dynamics and employment levels.
Global competition could pressure Canadian manufacturers to optimize and potentially reduce workforce numbers.