Canada Telecom Towers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 40.23 Thousand units |
| Market Volume (2029) | 46.65 Thousand units |
| CAGR (2024 - 2029) | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Telecom Towers Market Analysis
The Canada Telecom Towers Market size in terms of installed base is expected to grow from 40.23 Thousand units in 2024 to 46.65 Thousand units by 2029, at a CAGR of 3% during the forecast period (2024-2029).
- The Canada telecom market has been experiencing steady growth driven several factors like the widespread adoption of 5G technology which is a major contributor, enabling faster data speeds, lower latency, and improved network capacity, which is essential for supporting the increasing demand for high-bandwidth applications like video streaming, gaming, and IoT devices. This technology rollout has also spurred significant investments from major telecom operators like Rogers Communications, Bell Canada, and Telus, who are competing to expand their 5G networks across the country.
- Furthermore, the growth factor is the increasing demand for broadband services, especially in rural and underserved areas. The Canadian government's commitment to improving digital infrastructure through initiatives like the Universal Broadband Fund has facilitated the expansion of high-speed internet access in remote regions, further driving market growth. For instance, the USD 3.23 billion Universal Broadband Fund supports high-speed Internet projects across the country. These projects will bring Internet at speeds of 50/10 Megabits per second (Mbps) to rural and remote communities
- Moreover, the telecom market is benefiting from rising consumer interest in bundled services, which offer a combination of mobile, internet, and TV services at competitive prices. This trend has led to higher customer retention rates and increased revenue for telecom providers. Additionally, the growing popularity of streaming services and the need for higher data consumption have pushed telecom companies to offer more data-centric plans, further boosting market growth.
- In April 2024, the merger of Rogers and Shaw aims to bolster the economy and networks of Western Canada, bringing forth global innovations and more affordable services. They've enhanced 5G coverage to over 150 communities, extending their reach across 20,000 square kilometres. Additionally, they've broadened high-speed internet access to 90,000 homes and smoothly transitioned Shaw Mobile customers to the Rogers 5G network.
- In addition to this, the regulatory pressures, such as the push for lower consumer prices and increased competition, have forced telecom companies to innovate and optimize their operations to maintain profitability. The entry of new players and the potential for industry consolidation also present both opportunities and risks for existing market participants.
Canada Telecom Towers Market Trends
Rooftop Installation augments the Market's Growth
- Rooftop installations are significantly contributing to the growth of the Canadian telecom market, driven by increasing urbanization, the need for improved network coverage, and the expansion of 5G services.
- As cities expand, traditional ground-based towers face challenges due to space constraints and zoning regulations, making rooftops an attractive alternative. These installations allow telecom operators to enhance network density in urban areas, providing better coverage and capacity.
- Additionally, the deployment of 5G networks, which require a denser network of small cells, has accelerated the adoption of rooftop sites. The flexibility and cost-effectiveness of rooftop installations are also appealing, reducing the need for extensive land acquisition and permitting processes. This approach aligns with the industry's shift towards more efficient and sustainable infrastructure solutions.
- For instance, in February 2024, TELUS and Samsung Electronics have unveiled plans to construct Canada's commercial virtualized and open radio access network (RAN). This advanced, intelligent technology promises improved performance, flexibility, energy efficiency, and automation. The companies are broadening their partnership scope, transitioning from greenfield (new builds) to brownfield (existing infrastructure) deployments.
- Overall, the increasing reliance on rooftop installations is a key driver in the ongoing expansion and modernization of Canada's telecom infrastructure, supporting the country's digital transformation and connectivity goals.
Renewable Fuel Type Spur the Market Growth
- The rising adoption of renewable energy sources is significantly contributing to the growth of the Canadian telecom market, particularly as the industry seeks sustainable solutions to power its extensive network infrastructure.
- Canada is paving the way for a sustainable future by enhancing its electricity grids, ensuring homes and businesses receive affordable, reliable, and clean energy as needed. The Minister of Energy and Natural Resources unveiled a USD 9.7 million investment aimed at modernizing the grid in Antigonish, Nova Scotia. This significant investment not only promotes more efficient electricity usage within the community but also facilitates the integration of renewable energy sources like wind and solar. Furthermore, it aims to reduce emissions and bolster sustainable jobs and communities.
- With the increasing emphasis on reducing carbon footprints and meeting governmental regulations on environmental sustainability, telecom companies in Canada are integrating renewable energy into their operations. Telecom companies are responding by aligning their energy strategies with global sustainability goals, thereby enhancing their brand reputation and gaining a competitive edge.
- Additionally, government incentives and policies that support renewable energy adoption further accelerate this trend. The Canadian government's commitment to achieving net-zero emissions by 2050 has led to the introduction of subsidies and tax benefits for companies investing in renewable energy projects. This not only reduces operational costs for telecom companies but also fosters innovation in the sector, encouraging the development of new technologies that optimize energy use.
- In early 2024, Advanced Biofuels Canada projects that by 2030, new capital investments in Canada's clean fuels sector will exceed USD 14 billion, focusing on expanding feedstock and clean fuel production capacities. By the same year, the sector's economic output is anticipated to reach USD 7 billion, bolstering over 35,000 jobs. Beyond these economic advantages, the transition to clean fuels in Canada promises substantial emission reduction benefits.
- Overall, the adoption of renewable fuel types is a key driver of growth in the Canadian telecom market. It offers a sustainable solution that meets both environmental goals and the operational needs of the telecom industry.
Canada Telecom Towers Industry Overview
The Canada telecom towers market is semi-consolidated and consists of several major players, such as Rogers Communications Inc., Bell Canada, among others. These major players in the telecom tower market are expanding their customer base internationally through strategic collaborations and acquisitions of telecom tower startups. This has led to a moderately high market concentration, with a few dominant players benefiting from significant market share and profitability.
- July 2024 - Siyata Mobile Inc., a global developer and vendor of Push-to-Talk (PTT) over Cellular (PoC) handsets and accessories, announced that it has committed to an investment in Canadian Towers & Fiber Optics Inc., a Canadian based company that develops, constructs and owns telecommunications infrastructure in the flourishing telecommunication market in Mexico.
- In May 2024, TELUS has committed over USD 16 billion to enhance and expand its network infrastructure and operations in Alberta over the next five years. This investment aims to foster innovation, stimulate growth, and bolster vibrant communities. Furthermore, this initiative is a segment of TELUS's broader pledge to invest USD 73 billion nationwide by 2028, focusing on infrastructure development, sustainability enhancement, and technological advancement of its network.
Canada Telecom Towers Market Leaders
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Rogers Communications Inc.
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Bell Canada
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Videotron
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Eastlink Inc.
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TeraGo Networks
*Disclaimer: Major Players sorted in no particular order
Canada Telecom Towers Market News
- April 2024: Videotron announced that it will help improve wireless coverage in outlying regions of Québec by installing at least 37 new cell towers in Abitibi-Témiscamingue and the Laurentians, as part of a partnership with the Québec government. The Québec government's support under this agreement will enable Videotron to offer its customers even more comprehensive wireless coverage, particularly in Abitibi-Témiscamingue.
- January 2024: Canada-based Brookfield Asset Management acquired the Indian business of American Tower Corporation (ATC) for an enterprise value of USD 2 billion. Through strategic acquisitions like ATC India, they remain deeply committed to empowering digital connectivity and transforming the telecom infrastructure landscape across the region.
Canada Telecom Towers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Connecting/Improving Connectivity to Rural Areas
5.1.2 5G deployments are a major catalyst for growth in the cell-tower leasing environment
5.1.3 Improving and Catering to Increasing Data Needs
5.2 Market Restraints
5.2.1 Environmental Concerns about Power Supply Systems to Towers
5.2.2 Tower sharing between Telecom Companies
6. TECHNOLOGY SNAPSHOT
7. MARKET SEGMENTATION
7.1 Ownership
7.1.1 Operator-owned
7.1.2 Private-owned
7.1.3 MNO Captive sites
7.2 Installation
7.2.1 Rooftop
7.2.2 Ground-based
7.3 Fuel Type
7.3.1 Renewable
7.3.2 Non-renewable
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Rogers Communications Inc.
8.1.2 Videotron
8.1.3 Bell Canada
8.1.4 Eastlink Inc.
8.1.5 TELUS
8.1.6 SaskTel
8.1.7 BCE Inc.
8.1.8 TeraGo Networks
8.1.9 Xplornet Communications
8.1.10 Iristel Inc.
- *List Not Exhaustive
9. INVESTMENT ANALYSIS
10. FUTURE MARKET OUTLOOK
Canada Telecom Towers Industry Segmentation
Telecommunication towers encompass a variety of structures, such as monopoles, tripoles, lattice towers, guyed towers, self-supporting towers, poles, masts, and other similar forms. These towers, equipped with one or more telecommunication antennas, facilitate radio communications. They can be situated on the ground or atop a building's rooftop and often include storage for equipment and electronic components.
The Canada telecom towers market is segmented by ownership (operator-owned, private-owned, and MNO captive sites), by installation (rooftop, and ground-based), and by fuel type (renewable and non-renewable).
The market size and forecasts are provided in terms of installed base (Thousand Units) for all the above segments.
| Ownership | |
| Operator-owned | |
| Private-owned | |
| MNO Captive sites |
| Installation | |
| Rooftop | |
| Ground-based |
| Fuel Type | |
| Renewable | |
| Non-renewable |
Canada Telecom Towers Market Research FAQs
How big is the Canada Telecom Towers Market?
The Canada Telecom Towers Market size is expected to reach 40.23 thousand units in 2024 and grow at a CAGR of 3% to reach 46.65 thousand units by 2029.
What is the current Canada Telecom Towers Market size?
In 2024, the Canada Telecom Towers Market size is expected to reach 40.23 thousand units.
Who are the key players in Canada Telecom Towers Market?
Rogers Communications Inc., Bell Canada, Videotron, Eastlink Inc. and TeraGo Networks are the major companies operating in the Canada Telecom Towers Market.
What years does this Canada Telecom Towers Market cover, and what was the market size in 2023?
In 2023, the Canada Telecom Towers Market size was estimated at 39.02 thousand units. The report covers the Canada Telecom Towers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Telecom Towers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Telecom Towers Industry Report
Statistics for the 2024 Canada Telecom Towers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Telecom Towers analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
