In the Canadian transportation and storage sector, business enterprise R&D expenditure is forecasted to steadily increase from $86.56 million PPP in 2024 to $89.5 million PPP in 2028. This upward trend reflects a consistent year-on-year growth. It should be noted that the expenditure in 2023 was lower than 2024, underlining a positive shift towards greater investment in R&D post-2023.
Key future trends to watch for include:
- Technological advancements driving increased R&D spending.
- Potential policy changes that might influence business investments in R&D.
- Growing emphasis on sustainable and innovative transportation solutions.
