Fastest Growing Industries in Canada by Revenue Growth (%) in 2026

• 1. Market Research in Canada

  2026 Revenue Growth: 11.1%

  Market research service providers benefited from stabilization of national economic conditions, higher digital activity across local markets and evolving insight demands that have shaped the broader research process. Although market researchers initially struggled amid inflationary pressures and DIY competition from competitors like SurveyMonkey, an evolving digital and consumer media landscape caused changes in how market research is conducted. Online interviews and focus groups allowed smal...

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• 2. Car Wash & Auto Detailing in Canada

  2026 Revenue Growth: 11.0%

  Canadian car wash and auto detailing companies clean, wash, wax and detail various motor vehicles, including passenger cars, trucks, vans and trailers. Climbing interest rates, rampant inflation and weak consumer confidence have hampered the industry over the past five years. Even so, increasing driving activity and an influx of investment from private equity firms have supported revenue growth. Overall, car wash and auto detailing revenue has risen at a CAGR of 1.0% to $1.5 billion through t...

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• 3. Glasses & Contact Lens Manufacturing in Canada

  2026 Revenue Growth: 10.3%

  Glasses and contact lens manufacturers in Canada are crucial in providing essential vision correction and protective eyewear, supporting the well-being and productivity of individuals across age groups and demographics. Recent performance points to a challenging environment driven by growing import competition, evolving digital shopping preferences and a rapidly changing optical technology landscape. Although demand remains robust, domestic suppliers have struggled to keep pace with larger in...

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• 4. Navigational Instrument Manufacturing in Canada

  2026 Revenue Growth: 9.5%

  Navigational instrument manufacturers have navigated a fluctuating landscape, marked by both challenges and opportunities. While diverse product lines spanning defence, marine, aerospace and electronic sectors have provided a cushion against major revenue swings, fierce competition and high production costs have facilitated modest revenue gains. The industry benefited from an expansion in Canadian defence spending, which drove greater spending in downstream markets. Spe...

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• 5. Boat Building in Canada

  2026 Revenue Growth: 8.9%

  Canadian boat builders manufacture various watercraft for personal, commercial and government use. These products are highly discretionary purchases, so boat builders benefit from growing consumer confidence, disposable income and spending. The pandemic fostered strong boat sales, encouraging individuals to find socially-distanced recreational activities, leading to heightened demand for boating. This trend has altered the industry's structure, pushing companies to provide added value to conv...

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• 6. Footwear Wholesaling in Canada

  2026 Revenue Growth: 8.4%

  The Footwear Wholesaling industry in Canada has been navigating a complex landscape characterized by shifting consumer preferences and evolving distribution models. Dominated by key players like Nike, Wolverine World Wide and Adidas, the industry remains fragmented, with wholesalers striving to maintain relevance as manufacturers increasingly bypass traditional channels. Women's and girls' footwear continues to drive a substantial portion of sales, yet wholesalers face mounting pressure to ...

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• 7. Ceramics Manufacturing in Canada

  2026 Revenue Growth: 8.3%

  The ceramics manufacturing industry in Canada is experiencing a period of decline despite a gain in residential construction activity in 2025. Increased demand for ceramic fixtures, which naturally occurs with a boom in housing development, is primarily benefiting imports as opposed to domestic manufacturers. This trend underlines Canada's long-standing reliance on foreign-made ceramics and is reflected in the stagnant sales experienced by Canadian manufacturers. Global competition continues ...

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• 8. Car Body Shops in Canada

  2026 Revenue Growth: 8.2%

  Canadian car body shops have shown notable resilience and growth, rebounding quickly after early pandemic-related disruptions. Once quarantine measures lifted, driving activity surged, leading to an uptick in ac...

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• 9. Gold & Silver Ore Mining in Canada

  2026 Revenue Growth: 8.2%

  Gold and silver ore mining continues to thrive as production levels remain elevated, driven largely by Canada's significant gold deposits, which account for over 98.0% of revenue garnered from gold product sales. Early in the current period, in 2021 and 2022, industry returns fell from pandemic-era highs; during the pandemic, escalating gold prices attracted investor attention because of gold's unique properties as a countercyclical asset, offering a hedge against inflation and market volatil...

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• 10. Travel Agencies in Canada

  2026 Revenue Growth: 8.0%

  Travel agencies have struggled due to the rise of internet travel booking, which has interfered with the core services of travel agencies. Online travel agents now play a larger role alongside traditional brick-and-mortar businesses. Most agencies suffered in 2020 and 2021 as governments imposed restrictions on travel. Industry revenue has recovered from the pandemic low, expanding at a CAGR of 11.1% to $2.8 billion through the end of 2025, including a decline of 2.8% in 2025 alone.

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