In 2023, the gross margin for Construction, Forestry, Mining, and Industrial Machinery, Equipment and Supplies Merchant Wholesalers in Canada stood at 28.2%. The forecasted data from 2024 to 2028 show a gradual decrease in gross margin from 28% to 27.3%. Year-on-year variations show a consistent decline, with approximately a 0.7% drop annually. The compound annual growth rate (CAGR) across the five-year forecast period is a decline of 0.43% per year, indicating a slight but ongoing contraction.

Future trends to watch for include:

Increased competition potentially putting further pressure on margins.
Trade policy and economic conditions that could impact supply chain costs.
Technological advancements that might offer new efficiencies but require investment.