Canada Infrastructure Market Insights Forecasts to 2033

• The Canada Infrastructure Market Size was valued at USD 125.5 Billion in 2023
• The Market Size is Growing at a CAGR of 4.04% from 2023 to 2033
• The Canada Infrastructure Market Size is Expected to Reach USD 186.5 Billion by 2033

The Canada Infrastructure Market Size is anticipated to Exceed USD 186.5 Billion by 2033, Growing at a CAGR of 4.04% from 2023 to 2033. The increasing urbanization, population growth, and significant investments in modernization & expansion of transportation networks, energy grids, utilities, and communication systems are driving the growth of the infrastructure market in Canada.     

Market Overview

Infrastructure refers to physical structures such as roads, railways, bridges, airports, public transit systems, tunnels, water supply, sewers, electrical grids, and telecommunications. It is the basic facilities and systems that are needed for the operation of a society or enterprise. In Canada, the middle class is becoming more urban and affluent. In terms of the flow of people and goods, this has placed a significant burden on the nation's ports, airports, railroads, and roadways. In order to address this, the government has implemented a number of policies, programs, and projects that are intended to close the infrastructure gap in Canada. The rising smart city initiatives and public & private investments are offering lucrative market opportunities for infrastructure.

Report Coverage

This research report categorizes the market for the Canada infrastructure market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada infrastructure market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada infrastructure market.

Driving Factors

Compared to 73.2% in 2016, nearly three-quarters of Canadians (73.7%) resided in one of the country's major cities with a population of 100,000 or more in 2021 (Statistics Canada, 2022). The increasing urbanization and population growth in the country are responsible for driving the market demand. Since 2015, the federal government has committed over $30 billion in over 1,800 transit projects across Canada. The significant investment in the expansion of transportation networks to provide Canadians with cleaner and more efficient commuting options is driving the market growth.

Restraining Factors

The competitive bidding for government projects is affecting the profit margins of companies, thereby restraining the market. Further, the challenges such as aging infrastructure surge the need for maintenance and renovation efforts may hinder the market.   

Market Segmentation

The Canada Infrastructure Market share is classified into type.

• The transportation segment is expected to dominate the Canada infrastructure market during the forecast period.       

Based on the type, the Canada infrastructure market is divided into manufacturing, extraction, transportation, utilities, and social. Among these, the transportation segment is expected to dominate the Canada infrastructure market during the forecast period. Transportation infrastructure comprises roads, railways, ports, and airports. These services provide welfare benefits including travel time savings, vital for social and economic development. The increased investment in infrastructure projects by funding programs is driving the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada infrastructure market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Aecon Group Inc.
• Pomerleau
• PCL Construction
• Bantrel
• Bird Construction
• Kiewit Corporation
• Chandos Construction
• EllisDon Construction and Building Services
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2023, Canada's Brookfield Asset Management (BAM.TO), opened a new tab and said it had raised $28 billion for its largest-ever fund, wagering on infrastructure assets the company believes would benefit from a shift to "deglobalization", given recent geopolitical tensions.

• In September 2022, Canadian energy infrastructure firm Enbridge Inc (ENB.TO), opened a new tab and said it had acquired U.S.-based renewable energy developer Tri Global Energy (TGE) for $270 million and assumed its debt.

• In September 2022, WSP Completed the Acquisition of the Environment & Infrastructure Business of John Wood Group plc., expanding its environmental leadership.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Infrastructure Market based on the below-mentioned segments:

Canada Infrastructure Market, By Type

• Manufacturing
• Extraction
• Transportation
• Utilities
• Social