Canada Project Logistics Market Size

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.