AEM’s “The Economic Impact of the Canadian Equipment Manufacturing Industry” report highlights the industry’s total and direct contribution to the Canadian economy at the national and provincial levels. This includes capturing the industry’s total employment, contribution to Canadian Gross Domestic Product (GDP), total sales output, labour income, and state and federal tax revenue generated, among other key indicators.
This updated report, with findings from S&P Global Market Intelligence, demonstrates the significant contributions our industry makes to the Canadian economy each year.
Key national findings:
- $54 billion in total industry output (sales activity) generated by the industry.
- 147,000 total jobs supported in Canada (direct, indirect, and induced), representing 0.5 per cent of Canada’s total employment base.
- 70,900 direct jobs in the industry in 2025.
- $24 billion contributed to Canada's GDP (total value added), representing nearly 1 per cent of total nominal GDP.
- $13.7 billion in total labour income supported.
- $102,00 average annual labour income per direct job, 30 per cent above the national average.
- $1.1 billion in tax revenues generated, an increase of 10.5 per cent from 2022.
Provincial impact:
- Ontario: Continues to represent the largest share industry operations and jobs, supporting 27,785 direct jobs (nearly 39 per cent of the national total) and 59,521 total jobs.
- Quebec: Remains the second largest employer of industry jobs in Canada, supporting 13,625 direct jobs (19 per cent of the national total) and 29,193 total jobs.
- Alberta: Outpaced national growth trends, with the province supporting 11,395 direct jobs (16 per cent of the national total) and 22,024 total jobs.
AEM's report is based off an S&P Global Market Intelligence analysis titled The Market Size and Economic Contributions of the Canadian Off-Highway Equipment & Ancillary Products Industry. For access to the full report and its corresponding underlying data, contact the Advocacy team.