Canada Project Logistics Market Size (2024 - 2029)

The Canada Project Logistics Market is poised for significant growth, driven by the country's abundant natural resources, including oil, gas, coal, and minerals. This growth is particularly evident in Western Canada, where major projects and one of the world's best oversized load transport corridors are located, while Eastern Canada focuses on infrastructure developments that require specialized cargo transportation. The increasing digitization and adoption of advanced communication technologies are enhancing the efficiency of project logistics, facilitating better coordination among stakeholders.

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Market Size of Canada Project Logistics Industry

Canada Project Logistics Market Summary
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

Canada Project Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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.)
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Canada Project Logistics Market Size Summary

The Canada Project Logistics Market is poised for significant growth, driven by the country's vast natural resources and infrastructure developments. As the second-largest country globally, Canada boasts abundant energy sources like oil, gas, and renewables, alongside valuable minerals. The extraction and expansion of these resources necessitate the transportation of heavy project cargo, creating opportunities for the project logistics sector. Western Canada, particularly Alberta, is a hub for oil sands and oversized load transport, while Eastern Canada sees substantial infrastructure projects, including bridge construction. The industry's growth is further supported by the adoption of digital technologies, enabling seamless communication between logistics providers, engineering firms, and project owners. Established networks like Sea Cargo Air Cargo Logistics Inc. (SCACLI) play a crucial role in managing industrial projects, offering services such as transporting and lifting oversized cargo.

The Canadian renewable energy sector, particularly wind and solar, has seen substantial growth, contributing to the demand for project logistics services. The country's commitment to net-zero emissions by 2050 drives the need for new energy projects, with significant capacity additions expected in the coming years. The oil and natural gas industry remains a cornerstone of Canada's economy, with Alberta and Saskatchewan housing the majority of the country's crude oil reserves. Despite the global project cargo market facing potential long-term challenges due to fluctuating oil prices, Canada's strategic position and resource wealth continue to attract investment. The project logistics market is characterized by fragmentation, with numerous players like Challenger Motor Freight Inc., ENTREC Corporation, and Ex Trans Cargo Inc. leading the industry. Recent trends indicate consolidation efforts among logistics providers to enhance service offerings and market presence, reflecting a dynamic and evolving market landscape.

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Canada Project Logistics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

        1. 1.2.1.1 Increasing Usage of Renewable Energies Boosts Opportunities for Project Logistics Companies

        2. 1.2.1.2 Growth of E-commerce

      2. 1.2.2 Restraints

        1. 1.2.2.1 Cost - Intensive

        2. 1.2.2.2 Lack of Skilled Labor

      3. 1.2.3 Opportunities

        1. 1.2.3.1 Technological Innovations

    3. 1.3 Government Regulations and Initiatives

    4. 1.4 Technological Trends

    5. 1.5 Spotlight - Belt and Road Initiative (BRI) and Investments

    6. 1.6 Elaboration on risks involved in project cargo movement

    7. 1.7 Impact of COVID-19 on the Market

    8. 1.8 Value Chain / Supply Chain Analysis

    9. 1.9 Industry Attractiveness- Porter's Five Forces Analysis

      1. 1.9.1 Threat of New Entrants

      2. 1.9.2 Bargaining Power of Buyers/Consumers

      3. 1.9.3 Bargaining Power of Suppliers

      4. 1.9.4 Threat of Substitute Products

      5. 1.9.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service

      1. 2.1.1 Transportation

      2. 2.1.2 Forwarding

      3. 2.1.3 Warehousing

      4. 2.1.4 Other Value-added Services

    2. 2.2 By End-user

      1. 2.2.1 Oil and Gas, Petrochemical

      2. 2.2.2 Mining and Quarrying

      3. 2.2.3 Energy and Power

      4. 2.2.4 Construction

      5. 2.2.5 Manufacturing

      6. 2.2.6 Other End-Users (Aerospace & Defense, Automotive, etc.)

Canada Project Logistics Market Size FAQs

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.

In 2024, the Canada Project Logistics Market size is expected to reach USD 7.70 billion.

Canada Project Logistics Market Report Snapshots

Canada Project Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)