Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Largest Number of Businesses in Canada in 2022
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View a list of the Top 25 industries with the largest number of businessesNumber of Businesses for 2022: 337,767
The Apartment Rental industry in Canada is expected to stagnate over the five years to 2021. Industry operators collect rent income from properties they lease, where the rates they charge are largely determined by market forces. The supply of apartment rentals has grown at a slower rate than demand, which has elevated rental rates to the benefit of the industry. Favourable economic conditions and demographic trends during most of the period have driven this growth in demand. However, due to the economic challenges created by the outbreak of COVID-19 (coronavirus), industry revenue declined 17.5% in 2020. During the pandemic, unemployment... Learn More
Number of Businesses for 2022: 93,561
The IT Consulting industry in Canada is composed of companies that help private businesses and public sector agencies design, implement and manage information technology (IT) systems. Demand for industry services is positively affected by growth in corporate profit and business sentiment. As these drivers strengthen, companies increase expenditure on industry services. Over the five years to 2022, there has been a significant degree of technological change due to the increasing prevalence of cloud-based services, mobile apps and other cutting-edge software. These technological changes have been a significant driver of growth in the industry, while also responsible for declining industry-relevant revenue... Learn More
Number of Businesses for 2022: 86,014
The Real Estate Sales and Brokerage industry in Canada is closely aligned with the health of the Canadian real estate market and is expected to grow over the five years to 2022. Industry revenue typically rises with property prices and real estate transaction volumes as real estate agents are paid on a commission basis and receive their fee when they close a deal. Over the past five years, a growing, aging and progressively wealthy Canadian population has boosted demand for residential properties. As a result, industry revenue is expected to increase at an annualized rate of 4.0% to $21.1 billion... Learn More
Number of Businesses for 2022: 85,404
The Management Consulting industry in Canada is composed of companies that provide consulting services to private businesses and the public sector. These advisory services are tailored to provide strategic, financial, marketing, operational and supply chain management consulting services. For instance, businesses partake in mergers and acquisitions, joint ventures, divestitures and initial public offerings based on their expectations of what the future holds. Although the company provides countercyclical services that support industry revenue during economic downturns, the COVID-19 (coronavirus) pandemic hindered industry operations in unprecedented ways in 2020. Still, IBISWorld projects industry revenue to increase an annualized of 1.9% to $18.7... Learn More
Number of Businesses for 2022: 83,848
The Primary Care Doctors industry in Canada, which encompasses general practitioners who provide a comprehensive first point of contact and continued care to patients, has exhibited moderate and largely steady growth over the five years to 2021. Demand for primary care services has grown organically due to demographic changes, such as the aging of the population. Due to the significant uptick in birth rates between 1946 and 1965, as well as medical advancements that have boosted life expectancy, the number of seniors has increased in recent years. With the incidence of degenerative medical conditions increasing with age, the older population... Learn More
Number of Businesses for 2022: 57,814
The Long-Distance Freight Trucking industry in Canada is expected to exhibit marginal growth at an annualized rate of 0.1% to reach $27.2 billion over the five years to 2022, which includes an increase of 1.8% in 2022 as the economic activity continues to improve following the initial spread of COVID-19 (coronavirus). Prior to the pandemic, economic conditions began to recover after a decline in global commodity prices between late 2014 and 2016. This increased demand for industry services as more goods required transportation. However, the industry also contended with rising internal price-based competition, which is not expected to lessen as... Learn More
Number of Businesses for 2022: 54,190
The Homebuilders industry in Canada constructs homes in which units are separated by walls and typically have no units above or below them. Over the five years to 2022, a myriad of short-term trends, both positive and negative, have affected the industry. Demand fell toward the beginning of the period as housing starts declined in 2018 and 2019 as authorities tried to cool down an overheating housing market via increased property-related taxes and mortgage-related regulations. In 2020, demand increased amid the COVID-19 (coronavirus) pandemic due to historically low interest rates. Revenue continued to grow in 2021 as the economy recovered... Learn More
Number of Businesses for 2022: 53,399
Over the five years to 2021, the Beef Cattle Production industry in Canada has not been able to match its historic peak in 2014, although cattle prices and profit have remained high. Overall, cattle herd numbers have fallen while demand for beef has remained relatively consistent. This constrained supply has caused a spike in cattle prices as downstream food producers have tried to meet demand for beef. The average price of cattle and calves rose considerably prior to the period, setting record revenue levels. However, prices began to fall early during the period as these capacity restraints were addressed and... Learn More
Number of Businesses for 2022: 42,968
The Taxi and Limousine Services industry in Canada provides a range of nonregular transportation services through vehicles such as taxicabs, limousines and luxury sedans. The industry has experienced brutal operating conditions over the five years to 2022. Growing consumer spending during much of the period stimulated demand for taxis and limousines. However, the proliferation of ride-sharing apps, such as Uber and Lyft, has enabled a wave of nonemployers to enter the market, increasing external competition, while the COVID-19 (coronavirus) pandemic severely eroded revenue in 2020. As a result, industry revenue is estimated to decrease an annualized 0.6% to $2.8 billion... Learn More
Number of Businesses for 2022: 40,027
The Day Care industry in Canada provides care for infants or young children that are typically under the age of five. Additionally, operators may offer prekindergarten programs and care for older children when they are not in school. Over the five years to 2021, increased government consumption and investment and the rising number of women in the workforce have driven industry demand. As the maternal labour participation rate increases, fewer parents are available to take care of infants, toddlers and preschool-aged children. In addition, government subsidies have been critical in enabling families to afford the cost of day care. Nevertheless,... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Highest Labor Costs in Canada in 2022
VIEW ARTICLEBased 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 2022
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