Industries in Growth Stage of Life Cycle in Canada in 2025

1. Cannabis Production in Canada

2025 Units *: 20.5

Over the five years to 2018, the Cannabis Production industry in Canada has transitioned from a single government-sponsored provider of medical cannabis products to a highly competitive industry comprising dozens of private companies. This development has largely been shaped by the Canadian government's ongoing deregulation of medical marijuana consumption, as well as underlying demographic shifts and improving consumer conditions. And while the sale and consumption of nonmedical marijuana remains illegal in Canada, growing demand for cannabis products to treat chronic pain and other ailments has resulted in surging revenue growth for most industry operators. Overall, industry revenue is estimated to... Learn More

2. Couriers & Local Delivery Services in Canada

2025 Units *: 14.1

The Couriers and Local Delivery Services industry is comprises two segments: large couriers and small local delivery companies. Together these segments cater to a wide variety of consumers, with demand for each segment differing based on the services offered. Specifically, downstream demand for courier services stems from manufacturers, households and retailers across the county, while demand for local delivery services is derived from local businesses and individuals. While the market for these two segments differ, demand tends to be cyclical. Over the five years to 2014, consumer spending increased despite lingering effects from the recession and concerns over a real... Learn More

3. Florists in Canada

2025 Units *: 12.6

The Florists industry has wilted over the five years to 2014. Consumers are increasingly opting to purchase flowers from retailers that are not included in the Florists industry, such as e-commerce stores (IBISWorld report 45411aCA) and supermarkets (report 44511CA) due to their added convenience and lower prices. Furthermore, flower sales fluctuated considerably, as consumers felt uncertain about the economy; many operators were unable to accurately manage their stock and forced to sell at a loss. Outside competition from supermarkets and online stores, coupled with volatile consumer confidence, is anticipated to reduce revenue at an average annual rate of 3.0% to... Learn More

4. E-Commerce & Online Auctions in Canada

2025 Units *: 11.8

The E-commerce and Online Auctions industry, which is composed of retailers that primarily sell goods and services through online websites, has steadily increased during the past five years, despite the recession and Canadians' reluctance to go online to shop. Industry revenue has increased at an average annual rate of 3.5% to $18.5 billion during the five years to 2013. Revenue is expected to rise 9.9% in 2013 alone as more Canadians, persuaded by increasingly easy-to-use and secure websites, go online to shop. This growth industry is aided by the increasing number of fixed broadband connections, which is a good measure... Learn More

5. Pet Stores in Canada

2025 Units *: 11.5

Despite some headwinds along the way, the Pet Stores industry has performed fairly well over the five years to 2013. Industry growth has been fuelled by high pet ownership rates, with an increasing number of "pet parents" (i.e. those who treat their four-legged companions as family members) bolstering demand. Nevertheless, the recession took a toll on a number of industry operators as cash-strapped consumers turned to cheaper pet products supplied by supermarkets and mass merchandisers. As a result, industry revenue contracted 2.1% in 2009. However, revenue growth has picked up since then, driven by higher household income levels and rising... Learn More

6. Battery Manufacturing in Canada

2025 Units *: 11.4

Over the five years to 2013, the Battery Manufacturing industry experienced steep declines in revenue due to recessionary drops in demand. However, as the economy recovers, this industry is expected to rebound in the coming years. The industry's revenue is volatile because it is heavily influenced by the automotive market as well as the level of trade. Industry operators have also had to contend with rising input prices, as the cost of key materials has fluctuated over the past five years. The cost of lead and nickel, materials used in battery manufacturing, have risen over the past five years and... Learn More

7. Uranium & Metal Ore Mining in Canada

2025 Units *: 11.3

The Molybdenum and Metal Ore Mining industry continues to experience high levels of volatility. Companies in this industry mine molybdenum, platinum, palladium, uranium and a variety of metal bearing ores sold to various markets. Many of the industry's products are key inputs for steel manufacturers. Thus, as demand and price for steel and other downstream market products fluctuates, so does the industry's financial performance. In the five years to 2014, revenue is expected to decline at an average annual rate of 0.7% to $2.5 billion.

This rate hides major fluctuations that occurred in the five-year period. As the global economy ground... Learn More

8. Truck & Bus Manufacturing in Canada

2025 Units *: 10.1

In the five years to 2013, the Truck and Bus Manufacturing industry in Canada faced plummeting demand, beginning with the economic turmoil in 2008. Industry demand heavily relies on the success of the United States, the industry's largest trade partner. As the US economy dove during the recession, industry revenue followed suit. To this end, revenue is expected to decline at an average annual rate of 14.9% to $2.4 billion in the five years to 2013, with a jump of 1.2% in 2013 alone.

Unlike the United States, Canada's strong banking sector allowed the economy to avoid significant declines in GDP.... Learn More

9. Semiconductor Machinery Manufacturing in Canada

2025 Units *: 9.8

The Semiconductor Machinery Manufacturing industry is has been highly volatile during the past five years. Demand from the industry is determined by conditions in the downstream semiconductor manufacturing, which is characterized by rapid technological change. Industry performance also derives from downstream demand for electronic products that use semiconductors. Revenue is expected to decline at an average annual rate of 0.5% to $1.7 billion during the five years to 2013, largely due to a decline in demand from downstream manufacturing.

Revenue declined quickly in 2009 as semiconductor manufacturers postponed machinery purchases in the midst of the recession. Downstream demand for products that... Learn More

10. Cigarette & Tobacco Product Wholesaling in Canada

2025 Units *: 8.8

The Cigarette and Tobacco Products Wholesaling industry is in long-term decline. Health conscious Canadian consumers are currently less inclined to pick up smoking than ever before. At the same time, federal and provincial governments have levied higher excise taxes on cigarette products in an effort to raise revenue and reduce consumption. As a result, industry revenue is expected to have fallen at an average annual rate of 2.3% to $5.8 billion, including a drop as high as 4.1% in 2014 alone.

Tobacco wholesalers also faced heightened competition from the largest Cigarette producer selling in the Canadian market. Industry operators have been... Learn More