The import of railway, tramway locomotives, and rolling-stock parts to Canada is projected to increase steadily from 2024 to 2028. Starting at 674.36 million USD in 2024, it is expected to reach 736.51 million USD by 2028. Considering the compound annual growth rate (CAGR) over these five years, there is an anticipated average annual increase in imports of approximately 2.24%.
In 2024, import levels follow a growth trajectory that, if maintained, could see substantial gains in the railway infrastructure sector. Stakeholders should watch for changes in government policies, technological advancements in rail transport, and fluctuations in global trade dynamics that may impact this upward trend.
