Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Highest Profit Margin in Canada in 2021
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View a list of the Top 25 industries with the highest profit marginProfit Margin 2021: 42.2%
The Cigarette and Tobacco Manufacturing industry in Canada has flourished over the five years to 2021 despite having to contend with tough regulatory pressures, taxation and declining cigarette consumption. The government has increased excise taxes several times over the past five years in an effort to curb smoking by forcing industry operators to increase prices to salvage profit, which has nonetheless decreased due to the COVID-19 (coronavirus) pandemic. This strategy has been successful in part, since cigarette consumption and the number of smokers in Canada have both declined during the period to the detriment of the industry. However, as a... Learn More
Profit Margin 2021: 39.3%
The Wireless Telecommunications Carriers industry in Canada has performed well over the five years to 2021 as wireless coverage expanded and a greater number of Canadians adopted smartphones and tablets, thus boosting demand for high-margin mobile broadband services. The number of mobile telephone subscriptions is expected to rise an annualized 3.2% over the five years to 2021, and the number of fixed broadband connections is expected to rise an annualized 3.3% during the same period. Consequently, industry revenue is expected to increase an annualized 3.0% to $31.0 billion over the five years to 2021. Revenue is expected to grow 3.6%... Learn More
Profit Margin 2021: 37.5%
The Payroll and Bookkeeping Services industry in Canada is expected to experience slight expansion over the five years to 2021. This industry includes companies that focus on the provision of payroll processing and bookkeeping transactions for other businesses. This enables time-scarce managers and businesses to focus on their core functions rather than minor administrative tasks such as payroll processing. The act of outsourcing business functions has become increasingly common over the past five years, which has increased demand for the industry's services. Additionally, favourable macroeconomic trends through much of the period have spurred demand and supported revenue growth. As a... Learn More
Profit Margin 2021: 36.8%
Over the five years to 2021, the Satellite TV Providers industry in Canada has struggled to maintain its subscribers as consumers have migrated toward substitute services, such as Internet Protocol TV (IPTV). Prior to the current period, the industry had continuously added subscribers before the proliferation of internet-based TV subscription packages. Since 2012, the industry has experienced a steady decline in subscribers, ultimately falling prey to external competition, such as Netflix Inc. and EPICIPTV.net. Consequently, industry revenue is expected to fall at an annualized rate of 4.4% to $1.9 billion over the five years to 2021, despite slight forecast growth... Learn More
Profit Margin 2021: 21.3%
The Electric Power Transmission industry in Canada is responsible for storing and distributing electricity from Canada's upstream generation facilities. Industry operators manage transmission and distribution networks that total over 160,000.0 kilometres to serve residential, industrial and commercial customers. Industry performance is dependent on electricity prices within provinces, although the inelasticity of energy demand and the high degree of regulation insulates operators from any significant revenue declines. Industry performance is also closely tied to demand from major industrial, residential and commercial markets. While residential market demand is somewhat inelastic, industrial and commercial output and demand are much more variable, so performance... Learn More
Profit Margin 2021: 20.6%
The longstanding health of the Cable Networks industry in Canada has been threatened. Both consumers and the government have increasingly explored alternatives to the cable distribution model, which has resulted in revenue contraction over the five years to 2021. Internet-based streaming services such as Netflix and Hulu have posed a significant threat to the industry's stronghold on TV programming, and increasing domestic investment by these services has taken its toll on industry operations. Nonetheless, the industry has responded by rolling out its own online content and mobile offerings, which has shielded revenue to a degree. Nonetheless, increasing external competition is... Learn More
Profit Margin 2021: 16.8%
The Vegetable Farming industry in Canada has experienced stable growth over the five years to 2021. Demand for industry products has been supported by an increased focus on eating healthier foods, a depreciating Canadian dollar and decreasing interest rates. The industry has also benefited from increased demand from downstream industries such as vegetable processors, wholesalers and grocery stores. Market forces have increased the prices of the industry's crops, which has further fomented the industry's expansion. As a result, industry revenue is anticipated to increase an annualized 1.5% to $3.6 billion over the five years to 2021, with an expected rise... Learn More
Profit Margin 2021: 16.6%
The Language Instruction industry in Canada, which includes operators providing foreign language instruction, including sign language, is one of the smallest industries in the education sector. As per capita disposable income increased over the five years to 2021, individuals had more money to spend on discretionary goods and services. Consumers used the added income to develop new talents and increase job skills, such as learning a new language. However, the industry also contended with volatile corporate profit levels and decreased international travel activity amid the COVID-19 (coronavirus) pandemic, which prevented more robust revenue growth from occurring during the period. Corporations... Learn More
Profit Margin 2021: 12.6%
The Storage and Warehouse Leasing industry in Canada primarily rents and leases space for self-storage to individuals and businesses. Since self-storage facilities emerged in the 1960s, the industry has been one of the fastest growing sectors of commercial real estate. The industry has performed well even as macroeconomic indicators have fluctuated, especially during the COVID-19 (coronavirus) pandemic. Business lost due to disposable incomes declines is mitigated by the need for many people to temporarily store household goods and furniture while downsizing or renting smaller apartments. The industry, in turn, also grows when the economy strengthens, as more consumers can afford... Learn More
Profit Margin 2021: 12.4%
The Truck Rental industry in Canada has performed well over the five years to 2021 as demand for industry services has grown from both businesses and households. Businesses rent and lease trucks from industry operators for both the shipment of freight to downstream customers and the transport of goods and materials within and between work sites. Due to overall economic growth over the past five years, both freight shipping and general business activity have increased, in turn bolstering demand from business customers. Household demand has also expanded over the past five years, with housing starts and the value of residential... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Most Profitable Industries in Canada in 2021
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 2021
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