Canada Freight and Logistics Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.30% (2024-2032)

Market Size in 2023: USD 2.1 Trillion

Market Forecast in 2032: USD 3.4 Trillion

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 include the growing emphasis on sustainability and environmental responsibility. 

Additionally, with increasing regulatory pressure and consumer demand for eco-friendly solutions, companies are adopting greener practices, such as utilizing electric vehicles for transportation and reducing emissions through more efficient routing and logistics planning. Moreover, technological innovation is playing a pivotal role in the market, with the integration of digital platforms and data analytics enhancing supply chain transparency and efficiency. Another notable trend is the impact of the COVID-19 pandemic, which has reshaped the logistics landscape by accelerating the adoption of digital solutions and flexible logistics models. The surge in demand for essential goods and the disruptions in global supply chains have highlighted the importance of resilient and adaptable logistics systems, driving investments in technologies like blockchain and IoT to improve supply chain visibility. This shift toward digitalization is expected to drive further growth in the Canada freight and logistics market in the coming years.

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Canada Freight and Logistics Industry Trends and Drivers:

The growth of the Canada freight and logistics market is primarily influenced by expanding trade activities, domestically and internationally. The country's strategic location, with access to major global markets such as the United States, Europe, and Asia, has positioned it as a vital hub for transportation and logistics services. Additionally, Canada's vast geography and reliance on rail, road, and maritime transportation have led to increased demand for efficient logistics solutions, particularly in key sectors like energy, agriculture, and manufacturing. Moreover, the market is also witnessing a significant investment in infrastructure projects, such as the expansion of ports, airports, and rail networks, aimed at improving capacity and reducing bottlenecks in the supply chain. Along with this, the rise of e-commerce has further contributed to the market growth, with logistics providers widely focusing on last-mile delivery solutions to meet the demands of online shoppers. Furthermore, the rapid expansion of online retail has driven the need for more sophisticated warehousing and distribution facilities as companies aim to reduce delivery times and enhance customer satisfaction.

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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