Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Fastest Declining Industries in Canada by Revenue Growth (%) in 2020
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View a list of the Top 25 fastest declining industries2019-2020 Revenue Growth: -43.2%
The Copper, Nickel, Lead and Zinc Mining industry in Canada is heavily reliant on the market prices of the metals it produces. According to a 2018 report from the British Geological Survey (latest data available), Canada is one of the 10 largest global producers of nickel, copper and zinc, although it produces minimal amounts of lead. Additionally, the industry's two most valuable metals are nickel and copper. These minerals are key inputs for many products and demand for them is relatively strong in major downstream markets. Industry product prices can shift significantly in response to any change in global supply... Learn More
2019-2020 Revenue Growth: -38.7%
Over the five years to 2020, revenue for the Truck and Bus Manufacturing industry in Canada is expected to decline, as the COVID-19 (coronavirus) pandemic has severely affected the industry. Between 2015 and 2019, exports have trended higher, as downstream freight operators increased their vehicle fleets, lifting demand at the manufacturing level. Plus, the depreciation of the Canadian dollar relative to other currencies has also catalyzed industry export activity, further supporting industry expansion. The value of the loonie relative to the US dollar fell more than 10.0% in 2015, and is still weak, instigating export growth by making domestic goods... Learn More
2019-2020 Revenue Growth: -37.1%
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
2019-2020 Revenue Growth: -30.9%
The Hotels and Motels industry in Canada has grown steadily over the five years to 2020 with the exception of 2020 due to the global spread of COVID-19 (coronavirus). For the majority of the period, the industry has been encouraged by an increase in international tourism and hikes in per capita disposable income. Consistent economic growth over the past five years and relatively stable consumer confidence have boosted the ability of Canadians to take overnight domestic trips. Furthermore, hotels and motels, which rely on international travellers, have benefited from growing inbound international visitor numbers. In addition, operators in the industry's... Learn More
2019-2020 Revenue Growth: -28.8%
Over the five years to 2020, the Women's Clothing Stores industry in Canada has experienced a decline due to growing external competition and patchy consumer confidence. While rising levels of disposable income and stable economic growth during the majority of the period have enabled Canadian consumers to increase spending on a wide variety of both essential and nonessential goods, including blouses, dresses, pants, accessories and other products sold by industry retailers, many shoppers have turned to online retailers to fulfill those needs. Consequently, external industries that also sell women's clothing, such as online retailers and department stores, have siphoned significant... Learn More
2019-2020 Revenue Growth: -26.3%
Iron is a primary input in steel production and performance in the Iron Ore Mining industry in Canada is closely tied to the strength of the global economy due to the widespread use of steel globally. As a result, trade is a significant part of the industry and global economic performance helps drive demand for the industry. Over the five years to 2020, growing demand from China alongside increased demand from other major trading partners has caused considerable growth in the world price of iron ore, with the price forecast to grow an annualized 7.1% over the past five years.... Learn More
2019-2020 Revenue Growth: -24.5%
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
2019-2020 Revenue Growth: -24.2%
Operators in the Oil and Gas Field Services industry in Canada have experienced volatile market conditions over the five years to 2020. World commodity prices performed well in the years leading up to the reporting period. However, a fall in natural gas and crude oil prices adversely affected revenue in 2015, 2016 and 2020. While conditions began to improve in 2017 as prices returned to growth, they remain low relative to the peaks reached prior to the reporting period. Over the five years to 2020, IBISWorld forecasts revenue to fall an annualized 5.2% to $24.0 billion. The industry is expected... Learn More
2019-2020 Revenue Growth: -23.0%
The Men's Clothing Stores industry in Canada comprises retail stores that sell exclusively men's apparel and footwear. Services may also include basic alterations, such as hemming, taking in or letting out seams and lengthening or shortening sleeves. Over the five years to 2020, operators in the industry have had to contend with mounting external competition. Price-based competition from discount and online retailers has pressured the industry during the period. Moreover, many US retailers that sell clothing to both men and women have entered the Canadian market over the past five years and siphoned revenue from the industry. These dual-gender retailers... Learn More
2019-2020 Revenue Growth: -22.4%
Over the five years to 2020, slight growth in the Automobile Electronics Manufacturing industry in Canada is expected to be fuelled by temporary factors, chiefly strong trade prospects at the beginning of the period. According to 2019 figures from the International Organization of Motor Vehicle Manufacturers (latest data available), domestic and US passenger vehicle production fell during the period. Despite a decline in vehicle production, the growing popularity of industry products in each vehicle has supported overall growth during the period. IBISWorld expects industry revenue to grow at an annualized rate of 0.1% to $1.6 billion over the five years... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Riskiest Industries in Canada in 2020
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Least Risky Industries in Canada in 2020
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