Canada Infrastructure Market Report and Forecast 2024-2032

Canada Infrastructure Market Outlook

The Canada infrastructure market size was approximately USD 144.20 billion in 2023. The market is assessed to grow at a CAGR of 3.7% between 2024 and 2032, reaching a value of USD 201.13 billion by 2032.

Key Trends in the Market

Infrastructure is the sum of the physical components of an economic system and its human capital resources. This includes roads, bridges, healthcare facilities, and telecommunication systems, among others. It supports the quality of life of people and enhances the same while accelerating the economic growth of a region.

• Favourable interest rate environment and rapid population growth have prompted the development of housing properties across Canada. It is estimated that the real estate sector will record a growth of over 4% during the forecast period, which is expected to boost the Canada infrastructure market growth.

• In 2022, the Canadian government spent over CA$80 billion as capital expenditure on the healthcare sector. This was intended to support the overburdened healthcare facilities and attract more tourists towards the country for medical treatments. However, the poor performance of this sector is expected to draw more government attention and investments, which is expected to boost the Canada infrastructure market demand.

• To boost the resilience and efficiency of Canada’s transportation sector, the government is taking significant measures. In 2022, an investment of $603.2 million was announced to build more secure and efficient supply chains over the next five years. Such initiatives will help in the modernisation of marine and railway transportation systems in Canada and position its ports as strategic hubs to facilitate international trade for sustained growth.

Market Segmentation

The Canada infrastructure market segmentation, based on type, includes manufacturing infrastructure, extraction infrastructure, transportation infrastructure, utilities infrastructure, and social infrastructure.

The major regional markets for infrastructure include Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Canada infrastructure market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• 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

Market Share by Type

As per the Canada infrastructure market analysis, the extraction infrastructure market share is expected to witness an increase over the forecast period. This is because as the worldwide demand for critical minerals soars, Canada is expected to bridge the supply gap by mining its reserves of cobalt, copper, nickel, lithium, graphite, and vanadium. This will be crucial for supporting the global advanced manufacturing sector and its transition to clean energy.

Meanwhile, the social infrastructure market is also expected to witness an upward growth trajectory as the migration of people from developing/underdeveloped countries to Canada increases. The development of healthcare infrastructure in Canada to provide improved medical facilities to people is expected to aid the segment growth.

Market Share by Region

British Columbia is expected to account for a significant Canada infrastructure market share. This is because of state government’s emphasis on building sustainable infrastructure for its citizens, creating accessible spaces for community members while accelerating social and green infrastructure projects. As a part of the Investing in Canada Infrastructure Program, the federal government announced to contribute over $56.8 million for 57 such projects in British Columbia in 2022.

The Canada Infrastructure Bank is investing in the development of wastewater plants, low carbon emitting public transportation modes, energy grids, and critical infrastructure for indigenous communities, among others. This is one of the key Canada infrastructure market trends shaping the future of the market.

Competitive Landscape

Aecon Group Inc. was founded in 1867 and is headquartered in Toronto, Canada. It has two business segments which includes Construction and Concessions. The Construction segment is primarily engaged in building public and private infrastructure in Canada as well as abroad. The Concessions segment develops, finances, and operates public private partnership contract structures, among others.

Bantrel Co. is headquartered in Calgary, Alberta. Since its inception in 1983, it has been focused on providing engineering, procurement, and construction management services in Canada. It uses innovative digital tools to track critical components of its EPC strategy while ensuring efficiency, safety, and sustainability in operations.

EllisDon Corporation was established in 1951 and is headquartered in Mississauga, Ontario. It is engaged in designing, financing, and managing of infrastructure projects. It annually completes $5 million worth of construction projects and has strong international presence. It integrates its sophisticated data analytics insights into its building and construction strategies to achieve high end-results.

Other key players in the Canada infrastructure market include PCL Construction Inc., Kiewit Corporation, Ledcor Industries Inc., Graham Management Services LP, Bird Construction Inc., Green Infrastructure Partners Inc., and CRH Canada Group Inc. (Dufferin Construction Company), among others.

Key Highlights of the Report