In 2023, the Canadian foundry sector's value added stood at an actual figure not provided but forecasted to start at 1.5035 billion Canadian Dollars in 2024. The forecast indicates a steady, albeit slow, growth with year-on-year increases approximately around 0.3% to 0.4% until 2028, reaching 1.5212 billion CAD. This reflects a Compound Annual Growth Rate (CAGR) of approximately 0.3% over five years. This growth trajectory suggests a stable but modest advancement.

Future trends to watch for:

Adoption of advanced manufacturing technologies such as 3D printing.
Increased demand for sustainable and environmentally friendly production processes.
Potential impacts of global supply chain disruptions.
Market shifts due to regulatory changes and trade dynamics.