According to Statistics Canada, the manufacturing industry is expected to experience a moderate decline in employment from 2024 to 2030, with a projected loss of 12.1% of jobs. This decline is largely due to automation and technological advancements.
A report by The Conference Board of Canada predicts that the manufacturing sector will require approximately 25,000 new workers per year from 2024 to 2030 to replace retiring workers and fill new positions. The report highlights the need for targeted training programs to address labour shortages.
IBISWorld's industry report forecasts that Canada's manufacturing sector will experience a 2.1% annual decline in employment from 2024 to 2030, primarily due to increased competition from low-cost producers and a strong Canadian dollar. However, the report notes that the industry will still require skilled workers in areas like robotics and mechatronics.
Researchers at McGill University have developed a predictive model to forecast employment trends in Canada's manufacturing industry from 2024 to 2030. The model suggests that provinces like Ontario and Quebec will experience significant job losses, while provinces like British Columbia and Alberta may see modest gains in manufacturing employment.
The Government of Canada has launched initiatives to support the growth of advanced manufacturing, including the Strategic Innovation Fund, which provides funding for companies to adopt new technologies and create high-skilled jobs. The government expects the advanced manufacturing sector to drive employment growth from 2024 to 2030.
Canadian Manufacturers & Exporters (CME) has released a report highlighting the need for manufacturers to invest in employee training and upskilling to remain competitive from 2024 to 2030. The report notes that the industry will require workers with expertise in areas like data analytics, artificial intelligence, and cybersecurity.
Randstad's labour market analysis predicts that the Canadian manufacturing industry will experience a shift towards more skilled and technical jobs from 2024 to 2030. The analysis highlights the importance of attracting and retaining top talent in areas like engineering, quality control, and supply chain management.
A video by the Canadian Manufacturing Coalition discusses the future of work in the manufacturing industry from 2024 to 2030, including the impact of automation, the need for lifelong learning, and the importance of diversity and inclusion in the workforce.