The operating revenue for New Motor Vehicle Parts and Accessories Merchant Wholesalers in Canada is forecasted to grow steadily from 2024 onwards, increasing by approximately 1.07% annually over the five-year period to 2028. In 2023, the actual operating revenue stood at a value below 29.241 billion Canadian dollars, indicating a consistent upward trend in the industry.

Key future trends to watch for include:

The increasing adoption of electric vehicles (EVs), which could influence parts availability and demand.
Shifts in global supply chains and potential impacts from manufacturing innovations.
Growth in e-commerce and changes in consumer purchasing behaviors affecting wholesaler strategies.