In 2023, the import of motor vehicle mountings and fittings of base metal to Canada was approximately $430 million. Forecast data indicate a steady growth with values projected to reach $448.25 million by 2028. The year-on-year variation percentages from 2024 to 2028 show modest increases of around 0.87% to 0.8% each year. The compound annual growth rate (CAGR) over this five-year period is estimated at about 0.8%.
Future trends to watch for:
- Technological advancements influencing material and product choices.
- Impact of trade policies and agreements on import dynamics.
- Sustainability trends shaping demand for eco-friendly products.
