In 2023, the Gross Value Added (GVA) for land transport and pipeline transportation in Canada stood at approximately 60.00 billion CAD. The forecast from 2024-2028 suggests a steady growth in GVA, starting at 61.04 billion CAD in 2024 and reaching 66.11 billion CAD by 2028. This indicates a consistently positive year-on-year growth, averaging around 2.01% annually over the five-year period. This reflects a Compound Annual Growth Rate (CAGR) that emphasizes a stable and gradual upward trend in the transportation sector.

Future trends to watch for include:

The impact of technological advancements such as autonomous and electric vehicles on transport efficiency.
Sustainability practices and policies affecting pipeline operations and land transport.
Economic factors such as fuel prices and government infrastructure investments.