Canada Infrastructure Market Report and Forecast 2024-2032

Canada Infrastructure Market Report and Forecast 2024-2032

Market Outlook

According to the report, the Canada infrastructure market reached a value of USD 144.20 billion in 2023. Aided by a confluence of factors including increased governmental investment, public-private partnerships, and the urgent need for modernisation of ageing infrastructure across the country, the market is projected to further grow at a CAGR of 3.7% between 2024 and 2032 to reach a value of USD 201.13 billion by 2032.

Infrastructure, encompassing transportation, energy, water management, and telecommunications systems, serves as the backbone of Canada’s economy and societal well-being. The country’s vast geography and diverse climate conditions pose unique challenges and opportunities for infrastructure development, making innovation and sustainability key priorities.

The Canadian government's strategic focus on infrastructure investment is a primary driver of the Canada infrastructure market growth. Recognising the critical role of robust infrastructure in economic development, job creation, and environmental sustainability, significant funds are being allocated to infrastructure projects nationwide. These investments aim to modernise transportation networks, enhance renewable energy capacities, improve water and waste management systems, and expand digital infrastructure to ensure universal access to high-speed internet.

Public-private partnerships (P3s) are another pivotal element fuelling the Canada infrastructure market demand. By leveraging the efficiency, expertise, and capital of the private sector, P3s facilitate the timely and cost-effective completion of large-scale infrastructure projects. This collaborative approach not only accelerates project timelines but also introduces innovative solutions and best practices in infrastructure development.

The imperative to address aging infrastructure is also a critical factor driving market growth. Much of Canada's existing infrastructure is nearing the end of its useful life, necessitating comprehensive upgrades and replacements to meet current and future demands. This scenario presents vast opportunities for growth in the sector, with a focus on integrating resilience and sustainability into the design and construction of new infrastructure assets.

Technological advancements further influence the Canada infrastructure market outlook. Smart infrastructure solutions, incorporating Internet of Things (IoT) technology, artificial intelligence (AI), and big data analytics, are being deployed to enhance efficiency, safety, and sustainability. These technologies enable real-time monitoring and management of infrastructure assets, optimising performance and extending lifespan.

Market Segmentation

The market can be divided based on type and region.

Market Breakup by Type

• Manufacturing Infrastructure
• Automotive
• Chemical
• Healthcare
• Others
• Extraction Infrastructure
• Oil and Gas
• Metals
• Others
• Transportation Infrastructure
• Roadways
• Railways
• Airports
• Ports
• Utilities Infrastructure
• Power Generation
• Electricity Transmission and Distribution
• Water
• Telecom
• Social Infrastructure
• Schools
• Hospitals
• Defence
• Others

Market Breakup by Region

• Northern Canada
• British Columbia
• Alberta
• The Prairies
• Central Canada
• Atlantic Canada

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Canada infrastructure market. Some of the major players explored in the report are as follows:

• PCL Construction Inc.
• EllisDon Corporation
• Aecon Group Inc.
• Kiewit Corporation
• Ledcor Industries Inc.
• Graham Management Services LP
• Bird Construction Inc.
• Green Infrastructure Partners Inc.
• CRH Canada Group Inc. (Dufferin Construction Company)
• Bantrel Co.
• Others

This product will be delivered within 5-7 business days.