In 2024, the self-employed individuals in the Wholesale, Retail, and Repair of Motor Vehicles and Motorcycles sector in Canada are projected to work 167.64 million hours, declining year-on-year to 157.58 million hours by 2028. This reflects a consistent annual decrease in activity. Comparing 2024 to 2023, where the exact figures are unavailable, suggests a slightly downward trend, likely implying structural changes or market saturation. The five-year CAGR indicates a steady decline in workforce hours over the forecasted period.
Future trends to consider include the impact of technological advancements, such as automation, on self-employment, which could further influence the sector's labor hours. Additionally, shifts in consumer preferences and economic conditions could shape employment dynamics in this sector.
