Industries in Growth Stage of Life Cycle in Canada in 2023

1. Cannabis Production in Canada

2023 Units *: 44.5

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. Semiconductor Machinery Manufacturing in Canada

2023 Units *: 15.6

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

3. E-Commerce & Online Auctions in Canada

2023 Units *: 14.1

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

4. Distilleries in Canada

2023 Units *: 10.6

The strengthening loonie has made imported spirits relatively cheaper for Canadians, which has led to a decrease in revenue for the domestic Distilleries industry. Over the past five years, IBISWorld anticipates the value of the dollar to increase at a 1.2% annualized rate relative to the currencies of the country's major trading partners. Adding to industry woes, per capita alcohol consumption is on track to deflate about 0.8% per year on average over the same period. Thus, revenue is expected to fall at a 1.0% annualized five-year rate, including a 0.5% decline in 2013 to total an estimated $943.0 million.Despite... Learn More

5. Couriers & Local Delivery Services in Canada

2023 Units *: 7.9

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

6. Coffee & Tea Production in Canada

2023 Units *: 7.2

Over the past five years, the Coffee and Tea Production industry has fared well, thanks to many consumers valuing the taste and versatility of tea and coffee blends. According to the Coffee Association of Canada's Canadian Coffee Drinking Study in 2011 (latest data available), Canadians consume 2.7 cups of coffee per day. This trend, coupled with many studies that have shed light on the health benefits of drinking tea on a daily basis, has stimulated consumer demand for coffee and tea products. Furthermore, more consumers have valued coffee and tea products made with input commodities, such as coffee beans and... Learn More

7. Generic Pharmaceutical Manufacturing in Canada

2023 Units *: 6.9

Even as demand surged for the industry's products, revenue for the Generic Pharmaceutical Manufacturing industry in Canada has stumbled over the past five years. Pricing pressure from provincial drug plan reforms limited industry gains even as sales volumes increased, while depressed export demand in the wake of the global recession and the subsequent relative appreciation of the Canadian dollar have driven total industry revenue down 2.9% per year on average since 2009 to an expected $2.5 billion in 2014. Acquisition activity by some of the industry's largest globally operating players further limited industry expansion, while high research and development (R&D)... Learn More

8. Furniture Stores in Canada

2023 Units *: 5.8

When the Canadian economy sunk into a recession in late 2008, the Furniture Stores industry faltered as well. Unemployment spiked to 8.3% in 2009 and per capita disposable income growth slowed substantially. Consequently, consumers drastically decreased their spending on furniture. Existing homeowners made do with what furniture they had, despite condition, and high income renters put off making their first home purchase. In the five years to 2013, IBISWorld expects the Furniture Stores industry revenue to decline at an average annual rate of 1.7% to $9.9 billion, with a 0.2% decline in 2013. Further complicating the situation for industry operators... Learn More

9. Small Specialty Retail Stores in Canada

2023 Units *: 5.4

The Small Specialty Retail Stores industry, which relies on discretionary purchases of products, such as tobacco, art supplies, calendars, candles, trophies and swimming pools, has been plagued by sluggish growth of per capita disposable income and consumer confidence. In addition, increased external competition from department stores and online retailers offering the same goods at lower prices have limited industry growth. Industry revenue is expected to increase at an average annual rate of 1.5% to $3.9 billion in the five years to 2014. Consumer trends are not expected to change anytime soon, leading to a slow 0.7% growth of industry revenue... Learn More

10. Children's & Infants' Clothing Stores in Canada

2023 Units *: 5.1

The Children's and Infants' Clothing Stores industry managed to stitch up the competition by recording revenue growth of an annualized 1.1% in the five years to 2013. While the Canadian economy suffered a 3.3% dip in GDP over three quarters from 2008 to 2009, the country emerged from the global recession intact. However, the industry was not immune to the effects of the recession.

As early as 2008, the Canadian economy began to show signs of economic woes, and by 2009, the recession was in full effect. The national unemployment rate surged 36.1% and hit a high of 8.3% in 2009.... Learn More