In 2023, the total internal R&D personnel in the manufacture of wood and related products in Canada stood at a certain level. Forecasts indicate a decline from 330 in 2024 to 242 by 2028. This reflects year-on-year decreases of 6.97% from 2024 to 2025, 7.17% from 2025 to 2026, 7.72% from 2026 to 2027, and 7.98% from 2027 to 2028. Over the last five years, this sector is expected to experience a compound annual growth rate (CAGR) of -6.22%, indicating a steady decline.

Future trends to watch for include:

Potential technological innovations that may impact R&D personnel needs.
Environmental regulations and sustainability initiatives that could alter production processes.
Global market demand fluctuations and their impact on the Canadian wood manufacturing sector.