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 is projected to exhibit a growth rate (CAGR) of 3.91% during ​2024-2032​. The market is experiencing substantial growth, driven by expanding international trade and economic development. 

The rise in e-commerce activities, particularly in major urban centers such as Toronto, Vancouver, and Montreal, has significantly increased the demand for efficient logistics and freight services. This rise in demand is propelled by consumer expectations for faster delivery times and the need for robust supply chain management to handle increased shipment volumes. Moreover, the strategic position of Canada as a gateway for North American trade, combined with comprehensive infrastructure investments in ports, railways, and road networks, supports the growth of the freight and logistics market.

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Canada Freight and Logistics Industry Trends and Drivers:

Key trends in the Canada freight and logistics market include government initiatives aimed at enhancing trade facilitation and cross-border efficiency. Efforts to modernize customs procedures and reduce transit times are making Canada a more attractive hub for international logistics operations. Moreover, the implementation of the Canada-United States-Mexico Agreement (CUSMA) is expected to further streamline trade flows and strengthen supply chains across the region, contributing to the growth of the logistics sector. The rising focus on sustainability and environmental impact is also shaping the market, with companies increasingly investing in greener technologies and practices to reduce carbon footprints and meet regulatory standards. Additionally, the integration of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain are significant growth-inducing factors. These technologies enhance operational efficiency, improve route optimization, and provide real-time tracking capabilities, which are essential for managing complex logistics networks. Furthermore, the adoption of AI and machine learning (ML) is enabling companies to predict demand more accurately and manage inventory effectively, reducing costs and improving customer satisfaction. Other than this, the development of intermodal transportation solutions that combine road, rail, and maritime freight services to optimize delivery routes and reduce costs is also contributing to market growth. This approach is becoming increasingly popular as businesses seek to enhance supply chain resilience and minimize environmental impact.

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.

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