The output in Canada’s land transport and pipeline transportation sector has shown considerable changes over the last decade and is poised to continue evolving. From 2013 to 2022, the sector has seen fluctuations with significant year-on-year increases in 2014 (9.53%) and 2018 (8.64%), tempered by a notable decline in 2020 (-7.47%) due to external disruptions. The growth rate stabilized post-2020, showing modest gains.
Looking at forecasted data, the output is expected to grow from $118.21 billion in 2023 to $131.28 billion in 2028, with a five-year CAGR of 1.66%. Close attention should be paid to regulatory changes, technology integration, and economic conditions as key future trends.
