In 2023, the import of lifting, handling, loading, or unloading machinery to Canada stood at approximately 1.28 billion USD. The forecast for 2024 predicts an import value of 1.3165 billion USD, with a steady year-on-year growth reaching 1.457 billion USD by 2028. The average compound annual growth rate (CAGR) from 2024 to 2028 is projected to be positive, demonstrating a consistent rise in imports over the five-year period.

Future trends to watch for:

Increased automation and technological advancements in machinery could boost demand.
Potential impacts of global trade policies and tariffs influencing import rates.
Ongoing infrastructure development plans in Canada driving machinery imports.