Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Industries by Revenue in Canada in 2020
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View a list of the Top 25 biggest industries by revenueRevenue for 2020: $240.1B
Despite low interest rates and some hiccups in economic growth, the Commercial Banking industry in Canada has expanded over the five years to 2020. Banks have done an exceptional job of diversifying revenue streams and overcoming limits imposed by low interest rates and increasing regulations. The industry primarily generates revenue through interest income sources, such as business loans and mortgages, but it also generates income through noninterest sources, which include fees on a variety of services and commissions. Consequently, industry revenue is expected to grow an annualized 9.4% to $240.2 billion over the five years to 2020 with an increase... Learn More
Revenue for 2020: $202.7B
Companies in the Gasoline and Petroleum Bulk Stations industry in Canada manage bulk storage tanks and terminals for crude oil and petroleum products such as gasoline, diesel fuel, fuel oil and liquid petroleum gases. These bulk stations are often located near major refineries, ports and industrial centres to quickly and efficiently receive product and unload it to customers. These stations play an important role in the supply chain of crude oil and petroleum products. Given that the industry serves as a conduit between petroleum refiners and markets further downstream, the industry’s performance is intimately linked to the supply of and... Learn More
Revenue for 2020: $133.1B
Over the five years to 2019, revenue for the Canadian New Car Dealers industry is expected to expand. Demand for automobiles has been driven by healthy economic conditions, such as rising consumer confidence, growing per capita disposable income and low unemployment. Rising disposable income encourages consumers to make big-ticket discretionary purchases such as new vehicles. Additionally, historically low interest rates, as measured by the overnight rate, are expected to stimulate growth. Due to these positive trends, IBISWorld expects industry revenue to rise at an annualized rate of 4.6% over the five years to 2019, totalling $133.2 billion, lifted by an... Learn More
Revenue for 2020: $110.1B
The Gasoline and Petroleum Wholesaling industry in Canada distributes petroleum products to retail gas stations, manufacturers and other customers. The price of industry products is tied to global crude oil prices, and over the five years to 2019, the industry has experienced volatile operating conditions. Crude oil prices rose sharply in the years leading up to the reporting period due to growing global economic activity and rising prices, which prompted strong growth in revenue. However, oversupply and slowing demand from many developed and emerging economies resulted in prices dropping sharply between 2015 and 2016. The world price of crude oil... Learn More
Revenue for 2020: $102.8B
The Supermarkets and Grocery Stores industry in Canada has experienced strong growth over the five years to 2020, which can be attributed to an expected spike in revenue in 2020 amid the COVID-19 (coronavirus) pandemic. Between 2015 and 2019, while rising levels of consumer confidence and slight growth in per capita disposable income provided an optimal business environment, the proliferation of supercentres stifled industry revenue as it increased price-based competition and provided customers with a one-stop shopping experience. Many consumers sought cost savings at grocery stores, stocking up on promotional items or trading down to private label brands. In response... Learn More
Revenue for 2020: $76.7B
The Life Insurance and Annuities industry in Canada has experienced a decline over the five years to 2020 amid the COVID-19 (coronavirus) pandemic. Industry operators accept liability for annuities and life insurance policies, disability income and accidental death and dismemberment insurance policies, while also investing the premiums received by clients into a variety of financial securities. The industry has mainly suffered from the negative economic effects caused by the coronavirus pandemic, such as lower interest rates and an increase in the morbidity rate. As a result, industry revenue is expected to decline an annualized 1.6% to $76.7 billion over the... Learn More
Revenue for 2020: $73.8B
The Hospitals industry in Canada, which includes medical and surgical hospitals, has exhibited stable growth over the five years to 2020. Canada's healthcare system is predominately public, with 70.5% of funding coming from the public sector and the remainder from the private sector, according to the “National Health Expenditure Trends, 1975 to 2019” report by the Canadian Institute for Health Information (CIHI). Therefore, the industry is heavily dependent on both federal and provincial funding, which is mostly allocated via global budgets systems, where a fixed payment amount is allocated to a provider to cover operating expenses for a period of... Learn More
Revenue for 2020: $69.2B
Revenue for the Petroleum Refining industry in Canada has been volatile over the five years to 2020. Crude oil is the primary input into industry products, and therefore, its price is the primary driver of industry revenue. Revenue surged in the years leading up to the reporting period in the wake of rising oil prices, although following their peak, industry revenue began to fall slowly before the world price of oil plummeted in 2015, resulting in significant declines in industry revenue. A subsequent price recovery in 2017 helped the industry rebound by double-digits during the following two-year period. Overall, industry... Learn More
Revenue for 2020: $66.9B
The Oil Drilling and Gas Extraction industry in Canada is highly dependent on global market prices of crude oil and natural gas. The industry experienced booming growth in the years leading up to the reporting period, with rising prices leading to significant growth in investment. In turn, industry production of natural gas and oil has risen consistently over the past decade. However, the prices of both commodities have fallen significantly during the period, resulting in significant contractions in industry revenue and capital investment. Industry revenue is expected to decline at an annualized rate of 5.8% to $66.9 billion over the... Learn More
Revenue for 2020: $63.8B
Over the five years to 2020, revenue for the Automobile Wholesaling industry in Canada is expected to decline. Since industry operators wholesale passenger vehicles, in addition to sport utility vehicles, industry revenue tends to ebb and flow with general fluctuations in the overall economic climate, particularly at the consumer level. Moreover, industry operators heavily rely on economic conditions in the United States, as a large portion of revenue is derived from Canada's southern neighbour. Although international trade is accounted for at the manufacturing level, industry operators still target cross-border downstream markets, such as US automobile and heavy-duty truck dealerships. However,... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Exporting Industries in Canada in 2020
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Fastest Growing Industries in Canada by Revenue Growth (%) in 2020
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