This sector is projected to experience steady growth over the coming years. The forecasted values are as follows:
- 2024: 11.128 Billion CAD
- 2025: 11.461 Billion CAD
- 2026: 11.791 Billion CAD
- 2027: 12.117 Billion CAD
- 2028: 12.441 Billion CAD
Year-on-year percentage variations indicate consistent growth patterns:
- 2025: 3.00%
- 2026: 2.88%
- 2027: 2.77%
- 2028: 2.68%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024-2028 is approximately 2.83%.
Future trends to watch include advancements in machinery technology, shifts in commodity prices impacting sector demand, and changes in governmental policies focused on sustainability and infrastructure development.
