As of 2024, the re-import of universal AC/DC motors with an output of less than 37.5 watts to Canada stands at $25.8 thousand. Forecasts indicate a progressive decline from 2025 to 2028, with the years 2025, 2026, 2027, and 2028 showing expected values of $21.98 thousand, $18.24 thousand, $14.58 thousand, and $10.98 thousand respectively. The year-over-year decline suggests a shrinking interest or demand in this segment. The compound annual growth rate (CAGR) over the next five years reflects a steady downturn in value.
Future trends to watch for include:
- Technological advancements that may alter demand dynamics.
- Shifts in global manufacturing practices affecting re-import needs.
- Regulatory changes regarding energy efficiency and trade policies.
