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Infrastructure Sector in Canada Market Size (2024 - 2029)

The Canadian infrastructure sector is poised for growth, driven by significant government investments aimed at enhancing the market size. This sector encompasses various segments, including electricity, roads, water systems, and telecommunications, all crucial for economic development. The government's strategic initiatives, such as the "Growth Plan" for the Canada Infrastructure Bank, are designed to stimulate job creation and support post-pandemic recovery through substantial investment projects. Additionally, efforts to attract foreign direct investment and the ambitious National Housing Strategy further contribute to the expansion of the infrastructure market, addressing critical needs like housing and transportation.

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Market Size of Infrastructure Sector in Canada

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Canada Infrastructure Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 4.00 %
Market Concentration High

Major Players

Canada Infrastructure Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Canadian Infrastructure Market Analysis

The size of infrastructure sector in the Canadian market is around USD 130 billion in the current year and is anticipated to register a CAGR of more than 4% during the forecast period.

  • Infrastructure is an important sector for any country's economic growth. The infrastructure market segments mainly include electricity, roads, water systems, public utilities, airports, railways, and telecommunications. The Canadian government's planned investments in infrastructure are expected to support the growth of Canada's construction industry.
  • By the start of 2021, the Canadian government launched a USD 7.6 billion "Growth Plan" for Canada Infrastructure Bank (CIB) to create 60,000 jobs and support the country's post-COVID-19 economic recovery over the next three years through major investment projects.
  • Under this "Growth Plan", USD 2 billion is earmarked for clean energy projects, USD 1.6 billion for broadband, USD 1.6 billion for building retrofits, USD 1.2 billion for agriculture irrigation projects, and USD 1.2 billion for electric buses and charging infrastructure.
  • The government has adopted measures to attract more Foreign Direct Investment (FDI) into the country to boost tourism, both in terms of domestic travelers and large-scale international MICE events. This has also created more investment for airports and airport infrastructure.
  • The National Housing Strategy of Canada has lofty goals to ensure that unprecedented investments and innovative programs provide results. The government's initial goal was to reduce chronic and episodic homelessness by half, but it is now focusing on eliminating chronic homelessness in Canada, with up to 530,000 households being lifted out of housing need.
  • Up to 125,000 new housing units and 300,000 repaired or updated housing units will be created as a result of the National Housing Strategy. The National Housing Strategy will develop a new generation of housing in Canada through new initiatives such as the National Housing Co-Investment Fund, community housing programs, and support to provinces and territories. Our strategy will encourage a varied range of communities.
  • Funding for the National Housing Co-Investment Fund of CAD 750 million (USD 598.03 million) is planned to be advanced to 2021-22 and 2022-23. This will speed up the production of 3,400 new units and the repair of 13,700 existing ones.

Canadian Infrastructure Industry Segmentation

The infrastructure of a country, society, or organization consists of basic facilities such as transport, communications, power supplies, and buildings, which enable it to function.

The infrastructure sector in Canada is segmented By Infrastructure Segment (Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, and Manufacturing Infrastructure). The report offers the market sizes and forecasts for the Infrastructure Sector in Canada market in value (USD) for all the above segments.

By Infrastructure Segment
Social Infrastructure
Schools
Hospitals
Defense
Other Social Infrastructures
Transportation Infrastructure
Railways
Roadways
Airport
Waterways
Extraction Infrastructure
Power Generation
Electricity Transmission and Distribution
Water
Gas
Telecom
Manufacturing Infrastructure
Metal and Ore Production
Petroleum Refining
Chemical Manufacturing
Industrial Parks and clusters
Other Manufacturing Infrastructures
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Infrastructure Sector in Canada Size Summary

The Canadian infrastructure industry plays a pivotal role in the nation's economic development, encompassing various segments such as electricity, transportation, water systems, public utilities, and telecommunications. The sector is poised for growth, supported by substantial government investments aimed at revitalizing the economy post-pandemic. Initiatives like the Canada Infrastructure Bank's "Growth Plan" and the National Housing Strategy are central to this expansion, focusing on clean energy, broadband, and housing developments. These efforts are complemented by foreign direct investment strategies to enhance tourism and infrastructure, particularly in airports. The government's commitment to reducing homelessness and improving housing conditions further underscores the sector's importance, with significant funding allocated to create and renovate housing units across the country.

The infrastructure market in Canada is characterized by a competitive landscape, with major construction projects and investments driving growth. The government's increased budget for infrastructure projects post-COVID-19 has made the sector more attractive to critical firms, fostering competition and innovation. Notable projects include highway renovations, airport improvements, and large-scale construction endeavors in cities like Montreal and Calgary. The involvement of prominent Canadian construction companies and strategic acquisitions, such as Enbridge's purchase of Tri Global and WSP's acquisition of John Wood Group's E&I business, highlight the sector's dynamic nature. These developments, alongside targeted funding programs, are set to enhance Canada's infrastructure capabilities, ensuring safety, connectivity, and economic resilience.

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Infrastructure Sector in Canada Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Current Market Scenario

    2. 1.2 Government Regulations and Initiative

    3. 1.3 Technological Innovations in the industry

    4. 1.4 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Infrastructure Segment

      1. 2.1.1 Social Infrastructure

        1. 2.1.1.1 Schools

        2. 2.1.1.2 Hospitals

        3. 2.1.1.3 Defense

        4. 2.1.1.4 Other Social Infrastructures

      2. 2.1.2 Transportation Infrastructure

        1. 2.1.2.1 Railways

        2. 2.1.2.2 Roadways

        3. 2.1.2.3 Airport

        4. 2.1.2.4 Waterways

      3. 2.1.3 Extraction Infrastructure

        1. 2.1.3.1 Power Generation

        2. 2.1.3.2 Electricity Transmission and Distribution

        3. 2.1.3.3 Water

        4. 2.1.3.4 Gas

        5. 2.1.3.5 Telecom

      4. 2.1.4 Manufacturing Infrastructure

        1. 2.1.4.1 Metal and Ore Production

        2. 2.1.4.2 Petroleum Refining

        3. 2.1.4.3 Chemical Manufacturing

        4. 2.1.4.4 Industrial Parks and clusters

        5. 2.1.4.5 Other Manufacturing Infrastructures

Infrastructure Sector in Canada Market Size FAQs

The Canada Infrastructure Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Aecon Group Inc., PCL Construction, Pomerleau, Bird Construction and Bantrel are the major companies operating in the Canada Infrastructure Market.

Canadian Infrastructure Market Report Snapshots

Canada Infrastructure Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)