In 2023, the number of enterprises in the motor vehicle and motorcycle repair sector in Canada stood at approximately 150.14 thousand enterprises. The forecast from 2024 to 2028 suggests a consistent decline, with the number of enterprises decreasing each year. From 2024 to 2028, the sector is expected to shrink by an average compound annual growth rate (CAGR) of approximately -1.31%.

Future Trends to Watch For:

Continued industry consolidation could further reduce the number of smaller enterprises.
Technological advancements, such as electric vehicles, may alter demand conditions.
Regulatory changes and the push for sustainability may impact market structure and competition.