Canada Project Logistics Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 7.70 Billion |
| Market Size (2029) | USD 10.97 Billion |
| CAGR (2024 - 2029) | 7.35 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Project Logistics Market Analysis
The Canada Project Logistics Market size is estimated at USD 7.70 billion in 2024, and is expected to reach USD 10.97 billion by 2029, growing at a CAGR of 7.35% during the forecast period (2024-2029).
- Canada is the second largest country in the world and offers a vast source of natural resources that drive the nation's economy. These natural resources include energy sources such as oil & gas, coal, renewables, and minerals such as gold, silver, etc. New projects for extracting these natural resources and expanding large projects require shipping heavy project cargo in the country. Rising oil prices and a robust liquefied natural gas (LNG) and petrochemical construction market offered opportunities to the project logistics transportation industry in 2020.
- Western Canada is an essential source of these natural resources and includes many significant projects. Alberta is home to many oil sands and includes one of the best-oversized load transport corridors in the world. On the other hand, Eastern Canada includes a lot of infrastructure developments. Among the infrastructure projects, bridge construction especially requires the transportation of oversized cargo. Hauling a larger-than-usual load involves logistical as well as legal challenges.
- As the world is becoming more digitized daily, communication is becoming instant. The companies involved in the project cargo business adopt digital technologies such as mobile apps or software to communicate easily with engineering firms and project owners. Some established organizations carry out project logistics activities across the world.
- For instance, Sea Cargo Air Cargo Logistics Inc. (SCACLI) is a network of independent small and medium project logistics forwarders. SCACLI members handle industrial projects, from infrastructure to significant energy projects. The members provide services like transporting, packing/crating and lifting heavy, oversized, and out-of-gauge cargo.
Canada Project Logistics Market Trends
Increasing Usage of Renewable Energies Boosts Opportunities for Project Logistics Companies
- The Canadian Renewable Energy Association (CanREA) announced the industry's year-end data, reporting that Canada's wind and solar energy sectors grew significantly in 2021, adding nearly 1 GW of new generation capacity. 2021 was a positive year for our industries, with 677 MW of new wind energy and 288 MW of new utility-scale solar energy commissioned. Alberta accounted for more than 60% of new Canadian capacity installed in 2021, with Saskatchewan accounting for another 20%.
- Canada's new wind and solar energy capacity created approximately 2,400 person-years of employment, primarily in constructing new facilities and maintaining these sites. CanREA projects that 2022 and 2023 will see significantly more growth in the deployment of wind and solar energy, with numerous projects currently under construction or in advanced stages of development.
- More than 3,000 MW was commissioned in 2022, and a similar number in 2023. In addition, new commitments across Canada in 2021 (for example, in Saskatchewan, Quebec, and Nova Scotia) will result in new wind and solar energy deployment after 2023. CanREA's 2050 Vision, Powering Canada's Journey to Net-Zero, demonstrates that we must deploy more than 5,000 MW of new wind and solar energy annually for the next 30 years if Canada is to meet its commitment to net-zero greenhouse gas emissions by 2050. These all drive the opportunities in Project Logistics in Canada.
Oil & Gas Project Logistics in Canada
- The global project cargo market is expected to be boosted by increased oil prices in the short term. However, oil prices are expected to decrease over the long term, which leads to a decline in new project investments. Canada includes the world's third-largest crude oil reserves, after Venezuela and Saudi Arabia, more than 95% of which consist of oil sand reserves in Alberta and Saskatchewan.
- The provinces of Alberta, Saskatchewan, and British Columbia share the sedimentary basin for natural gas production in Canada. Canada's oil sands industry contributes nearly 60 billion Canadian dollars (USD 44.36 billion) to the country's GDP. It equates to 3% of the total GDP.
- The oil and natural gas industry is a vital driving force in the Canadian economy, accounting for approximately 7% of Canada's GDP and employing more than 500,000 people. The nation's oil and gas and mining sectors are premier export markets for the US providers of machinery, equipment, and related supply chain goods and services.
- One hundred nine projects are under construction or planned over the next ten years in British Columbia, representing USD 206 billion in investment. Energy projects account for more than 90% of the value of significant project investment in the province.
Canada Project Logistics Industry Overview
The project logistics market in Canada is fragmented due to the many players involved in providing project cargo services. Consolidation is the current trend the logistics provider focuses on to expand the presence and services offered. Similar trends were observed in the Canadian logistics market, specifically project logistics. The major players include Challenger Motor Freight Inc., ENTREC Corporation, Ex Trans Cargo Inc., and Sea Cargo Air Cargo Logistics Inc. (SCACLI are among others.
Canada Project Logistics Market Leaders
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Challenger Motor Freight Inc.
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ENTREC Corporation
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Ex Trans Cargo Inc.
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Sea Cargo Air Cargo Logistics Inc. (SCACLI)
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Canaan Group
*Disclaimer: Major Players sorted in no particular order
Canada Project Logistics Market News
- January 2023: Israeli carrier ZIM teamed up with Cannon Grouup's venture capital firm Team8 to invest in Tel Aviv-based fintech company 40Seas, with USD 111 million in funding. 40Seas is creating a global commerce solution for SMEs (small and medium-sized enterprises) to access digital financing.
- October 2022: KAG Logistics finalized the Connectrans Logistics acquisition, entering the Canadian market by purchasing the 3PL in Toronto, Ontario. Through this purchase, Connectrans customers can access the American market, cutting-edge technologies, and extra logistics know-how from a seasoned leadership team.
- February 2022: A.P. Moller-Maersk announced plans to acquire Pilot Freight Services (Pilot), a top provider of first, middle, and last mile as well as border crossing solutions with a focus on significant and bulky freight in North America for both B2C and B2B distribution models. With the planned acquisition of Pilot, Maersk will extend the reach of its integrated logistics service further into its clients' supply chains.
Canada Project Logistics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Analysis Methodology
- 2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Current Market Scenario
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4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.1.1 Increasing Usage of Renewable Energies Boosts Opportunities for Project Logistics Companies
- 4.2.1.2 Growth of E-commerce
- 4.2.2 Restraints
- 4.2.2.1 Cost - Intensive
- 4.2.2.2 Lack of Skilled Labor
- 4.2.3 Opportunities
- 4.2.3.1 Technological Innovations
- 4.3 Government Regulations and Initiatives
- 4.4 Technological Trends
- 4.5 Spotlight - Belt and Road Initiative (BRI) and Investments
- 4.6 Elaboration on risks involved in project cargo movement
- 4.7 Impact of COVID-19 on the Market
- 4.8 Value Chain / Supply Chain Analysis
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4.9 Industry Attractiveness- Porter's Five Forces Analysis
- 4.9.1 Threat of New Entrants
- 4.9.2 Bargaining Power of Buyers/Consumers
- 4.9.3 Bargaining Power of Suppliers
- 4.9.4 Threat of Substitute Products
- 4.9.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Service
- 5.1.1 Transportation
- 5.1.2 Forwarding
- 5.1.3 Warehousing
- 5.1.4 Other Value-added Services
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5.2 By End-user
- 5.2.1 Oil and Gas, Petrochemical
- 5.2.2 Mining and Quarrying
- 5.2.3 Energy and Power
- 5.2.4 Construction
- 5.2.5 Manufacturing
- 5.2.6 Other End-Users (Aerospace & Defense, Automotive, etc.)
6. COMPETITIVE LANDSCAPE
- 6.1 Overview (Market Concentration, Major Players)
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6.2 Company Profiles (including Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements)
- 6.2.1 Logistics Companies
- 6.2.1.1 COSCO Shipping Logistics Co., Ltd.
- 6.2.1.2 Chirey Group
- 6.2.1.3 Translink International Logistics Group
- 6.2.1.4 Kerry Logistics Network Limited
- 6.2.1.5 Trans Global Projects Group (TGP)
- 6.2.1.6 Sinotrans (HK) Logistics Ltd.
- 6.2.1.7 CJ Smart Cargo
- 6.2.1.8 Tiba Group
- 6.2.1.9 Mitsubishi Logistics Corporation
- 6.2.1.10 InterMax Logistics Solution Limited
- 6.2.1.11 Wangfoong Transportation Ltd.
- 6.2.1.12 Global Star Logistics (China) Co., Ltd.
- 6.2.1.13 Sunshine Int'l Logistics Co.,ltd.
- 6.2.1.14 Kuehne + Nagel
- 6.2.1.15 Agility Logistics Pvt. Ltd.
- 6.2.2 Engineering/EPC Companies
- 6.2.2.1 China Gezhouba Group Corporation International Engineering Company
- 6.2.2.2 Guangdong Yuedian Group
- 6.2.2.3 China National Chemical Engineering Group
- 6.2.2.4 China Railway Construction Corporation
- 6.2.2.5 China Civil Engineering Construction Corporation*
- 6.2.3 Other companies (Key Information/Overview)
- 6.2.3.1 Broekman Logistics, Rhenus Logistics, Trans Global Projects Group (TGP), S.F.Systems(Group)Ltd., Ziegler Group, Dextrans Worldwide Group, GEFCO S.A., Keyun Group, Dolphin Logistcis Co. Ltd., TPL Project Stock Company, Shanghai Beetle Supply Chain Management Company Limited*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
- 8.1 GDP Distribution, by Activity and Region
- 8.2 Insights on Capital Flows
- 8.3 Economic Statistics - Transport and Storage Sector, Contribution to Economy
- 8.4 External Trade Statistics - Export and Import, by Product and by destination
- 8.5 Insights on Major upcoming projects in China
Canada Project Logistics Industry Segmentation
Project logistics involves an integrated process of planning, organization, managing, processing, and controlling the excellent flow, materials, and information associated with successful project completion. Cargo with larger dimensions requires entirely different equipment, infrastructure, and experienced personnel. Dealing with a cargo of peculiar dimensions is always challenging for a transporter.
The report provides a comprehensive background analysis of the market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. Additionally, the COVID-19 impact has been incorporated and considered during the study. The Canada Project Logistics market is segmented by service (transportation, forwarding, warehousing, and other value-added services) and end-user (oil and gas, petrochemical, mining and quarrying, energy and power, construction, manufacturing, and other end-users (aerospace & defense, automotive, etc.)). The report offers market size and forecasts in value (USD) for all the above segments.
| By Service | Transportation |
| Forwarding | |
| Warehousing | |
| Other Value-added Services | |
| By End-user | Oil and Gas, Petrochemical |
| Mining and Quarrying | |
| Energy and Power | |
| Construction | |
| Manufacturing | |
| Other End-Users (Aerospace & Defense, Automotive, etc.) |
Canada Project Logistics Market Research FAQs
How big is the Canada Project Logistics Market?
The Canada Project Logistics Market size is expected to reach USD 7.70 billion in 2024 and grow at a CAGR of 7.35% to reach USD 10.97 billion by 2029.
What is the current Canada Project Logistics Market size?
In 2024, the Canada Project Logistics Market size is expected to reach USD 7.70 billion.
Who are the key players in Canada Project Logistics Market?
Challenger Motor Freight Inc., ENTREC Corporation, Ex Trans Cargo Inc., Sea Cargo Air Cargo Logistics Inc. (SCACLI) and Canaan Group are the major companies operating in the Canada Project Logistics Market.
What years does this Canada Project Logistics Market cover, and what was the market size in 2023?
In 2023, the Canada Project Logistics Market size was estimated at USD 7.17 billion. The report covers the Canada Project Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Canada Project Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Project Logistics Industry Report
Statistics for the 2024 Canada Project Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Project Logistics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
