In 2023, the re-import of DC motors and generators to Canada stood at 932 s. The forecasted trend from 2024 to 2028 shows a gradual decline, starting at 929 s in 2024 and decreasing to 918 s by 2028. This represents a year-on-year decrease of approximately 0.32% on average. The Compound Annual Growth Rate (CAGR) over this five-year forecast period is -0.30%, indicating a modest but consistent decline.
Future trends to watch for include potential technological advancements that could either fuel demand for newer models or make re-importing more cost-effective. Additionally, shifts in global supply chains and regulatory changes could impact the volume and value of these imports.
