Canada Freight and Logistics Market to Witness 5.30% CAGR until 2032

25 Sep Canada Freight and Logistics Market to Witness 5.30% CAGR until 2032

Canada Freight and Logistics Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.30% (2024-2032)

According to the latest Canada freight and logistics market report by IMARC Group, the market size reached US$ 2.1 Trillion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.4 Trillion by 2032, exhibiting a growth rate (CAGR) of 5.30% during 2024-2032. Key trends in the market in Canada include technological innovation and sustainability.

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Canada Freight and Logistics Industry Trends and Drivers:

Key Trends Driving the Canadian Freight and Logistics Market

• Adoption of Advanced Technologies
  Logistics companies are increasingly embracing innovations such as automation, real-time tracking, and artificial intelligence to boost operational efficiency. These technologies contribute to:
  • Improved delivery times.
  • Optimized route planning.
  • Enhanced supply chain transparency.
  • Cost-effectiveness and scalability in logistics operations.
• Focus on Sustainability
  Companies are shifting towards greener practices to reduce carbon emissions by integrating:
  • Electric vehicles.
  • Alternative fuels.
  • Energy-efficient warehouse designs. This transition is driven by regulatory requirements and the growing demand for environmentally conscious solutions.
• Digital Platforms and Smart Technologies
  The widespread adoption of digital platforms and smart technologies is expected to be a major driver of growth in the Canadian freight and logistics market over the forecasted period.

Market Drivers

• Expanding Trade and Demographic Shifts
  • Increased trade activities and demographic changes are primary factors fueling the growth of the Canadian freight and logistics market.
• Demand for Efficient Transportation
  • Rising demand for efficient transportation of goods, particularly across key trade routes like the U.S.-Canada border, is propelling the logistics sector forward.
• Impact of E-commerce Growth
  • The growth of e-commerce, especially in urban centers like Toronto, Vancouver, and Montreal, has intensified the need for reliable logistics services such as last-mile delivery and distribution networks.

Government Initiatives and Infrastructure Investments

• Infrastructure Improvements
  • Government initiatives aimed at improving road and rail systems are helping meet the increasing demand for seamless transportation.
• Favorable Trade Agreements
  • Efforts to streamline cross-border operations and favorable trade agreements have attracted significant investments in logistics infrastructure.

The Rise of Intermodal Transportation

• Integration of Multiple Transport Modes
  • The growing popularity of intermodal transportation—combining road, rail, and air—is helping companies enhance efficiency and reduce costs.
  • This approach is especially beneficial in Canada, where vast distances make long-distance transport critical for supply chain fluidity.

Adaptability and Resilience Post-Pandemic

• Post-COVID Adaptation
  • The COVID-19 pandemic underscored the need for resilient logistics networks.
  • Businesses are increasingly focused on improving warehousing and inventory management to build more flexible supply chains capable of handling future disruptions effectively.

Canada Freight and Logistics Industry Segmentation:

The report has segmented the market into the following categories:

Logistics Function Insights:

• Courier, Express and Parcel
  • By Destination Type
    • Domestic
    • International
  • Freight Forwarding
    • By Mode of Transport
      • Air
      • Sea and Inland Waterways
      • Others
    • Freight Transport
      • By Mode of Transport
        • Air
        • Pipelines
        • Rail
        • Road
        • Sea and Inland Waterways
      • Warehousing and Storage
        • By Temperature Control
          • Non-Temperature Controlled
          • Temperature Controlled
        • Others

End Use Industry Insights:

• Agriculture, Fishing and Forestry
• Construction
• Manufacturing
• Oil and Gas
• Mining and Quarrying
• Wholesale and Retail Trade
• Others

Regional Insights:

• Ontario
• Quebec
• Alberta
• British Columbia
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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