In 2023, the share of goods road motor vehicles in total road motor vehicles in Canada was relatively stable compared to previous years. However, from 2024 onwards, the forecasted data reveals a notable downward trend. The share is expected to decline sharply from 1.92 in 2024 to just 0.14 by 2028, indicating a significant reduction over the five-year period.

Year-on-year variations highlight a consistent and steep decrease, with the most dramatic drop anticipated between 2027 and 2028.

Future trends to watch for:

Adoption of alternative transportation methods could further impact the decline.
Shifts in economic factors or policy changes affecting the automotive and logistics industries might influence these projections.
Technological advancements, such as autonomous vehicles, could alter industry dynamics.