Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Riskiest Industries in Canada in 2019
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View a list of the Top 25 riskiest industries2019 Overall Risk Score: 7.4
The DVD, Game and Video Rental industry in Canada experienced a massive contraction over the five years to 2019 due to increased pressure from non-industry competitors, including video streaming websites, on-demand services and rental kiosks. The affordability and flexibility associated with these substitutes compelled consumers to rent DVDs, games and videos from these competitors, diminishing demand for the industry’s services. The inherent cost advantages of streaming and non-industry rental services have also forced industry operators to lower their prices, contributing to the anticipated 2.2% decline in industry revenue in 2019 alone. Overall, IBISWorld estimates that industry revenue will contract an... Learn More
2019 Overall Risk Score: 7.3
Over the past decade, rapid technological advancements have changed the way humans interact, pushing the Wired Telecommunications Carriers industry in Canada to the sidelines of communication. External competition from the domestic Wireless Telecommunications Carriers industry (see IBISWorld report 51721CA) and Voice over Internet Protocol (VoIP) software have eaten away at sales from the industry's traditional sources of revenue, which are local and long-distance telephony services. Overall, revenue is expected to contract an annualized 8.5% to $5.4 billion over the five years to 2019. This includes revenue falling 11.2% in 2019 alone
Although households with high incomes initially purchased both wireless and... Learn More
2019 Overall Risk Score: 7.0
Iron is a primary input in steel production, and performance in the Iron Ore Mining industry in Canada is closely tied to the strength of the global economy due to the widespread use of steel globally. As a result, trade is a significant part of the industry and global economic performance helps drive demand for the industry. Over the five years to 2019, fluctuating demand from China alongside increased global production of iron has put downward pressure on prices, with the world price of iron forecast to fall an annualized 8.6% over the past five years. This has damaged the value... Learn More
2019 Overall Risk Score: 6.9
The Clothing and Clothing Accessories Wholesaling industry in Canada has expanded over the five years to 2019. Despite a depreciating Canadian dollar and the increasing popularity of manufacturers selling directly to downstream buyers, sustained economic improvements and the continued availability of credit have caused an increase in consumer demand for clothing and clothing accessories. As a result, industry revenue is expected to rise at an annualized rate of 2.6% to $13.5 billion over the five years to 2019, including a 1.1% growth in 2019 alone.
This industry is composed of four different business segments, which include men's and boys' clothing wholesaling;... Learn More
2019 Overall Risk Score: 6.9
The Restaurant and Hotel Equipment Wholesaling industry in Canada distributes commercial cooking, dishwashing, tableware and foodservice equipment to restaurants, hotels and drinking establishments. Industry performance depends on economic factors that affect these downstream markets, including employment and consumer spending, as well as tourism trends. In addition, industry demand depends on the level of nonresidential construction, as the building of new restaurants and hotels naturally increases sales of commercial cooking and other industry-related equipment commonly sold by industry wholesalers. Finally, since most restaurant expansions are financed by loans, the availability of credit is crucial to the industry, making the overnight rate... Learn More
2019 Overall Risk Score: 6.8
The Book Publishing industry in Canada has experienced consistent declines over the five years to 2019. Book publishers provide a range of services for authors including marketing; editing, design and typesetting; sales; and protecting intellectual property. Over the five years to 2019, industry revenue is expected to decline at an annualized rate of 3.6% to total $1.5 billion, including a projected 0.8% drop in 2019 alone.During the five-year period, profit margins are expected to rise. This is mainly attributed to the transition toward the digital space more generally and digital publishing specifically, which is a consequence of increasing fixed broadband... Learn More
2019 Overall Risk Score: 6.7
The Lighting and Bulb Manufacturing industry in Canada produces electric light bulbs, tubes, parts and components, but does not include light-emitting diode (LED) lighting systems. The industry has been affected by difficult regulations that have required operators to begin discontinuing products, affecting demand for products. Therefore, the industry is expected to experience a sharp decrease in revenue compared to years previous. In 2014, the government banned 75- and 100-watt incandescent bulbs, and in the following year, 40- and 60-watt incandescent bulbs were banned. Over the five years to 2019, the industry has experienced high revenue volatility. While manufacturers were permitted to sell... Learn More
2019 Overall Risk Score: 6.7
Over the five years to 2019, the Public Storage and Warehousing industry in Canada has benefited from an increase in consumer spending and an increase in per capita disposable income amid some volatility in manufacturing output. These increases, in turn, have led to more shipments of consumer goods, thus supporting demand for the warehouse space that is provided by the industry. Industry operators, which provide the industry's diverse range of consumers with short-term public warehousing, long-term contract warehousing and a variety of value-added logistics services, generate demand from all sectors of the Canadian economy. As consumers' disposable incomes and confidence... Learn More
2019 Overall Risk Score: 6.7
The Ice Cream Production industry in Canada creates a variety of frozen products including hard and soft ice cream, frozen yogourt, frozen ices and sherbet. Industry fortunes have fluctuated over the past two decades, and overall domestic consumption of ice cream and domestic production of hard ice cream have declined by over half since 2004. However, over the five years to 2019, this decline appears to have been arrested, with production and consumption stabilizing. In addition, premium ice creams that command higher prices have become increasingly popular, as have healthy varieties of industry goods, and this has been a boon for the industry. Overall, IBISWorld... Learn More
2019 Overall Risk Score: 6.6
The Ocean and Coastal Transportation industry in Canada has experienced moderate growth over the five years to 2019. Industry operators transport freight, bulk cargo and passengers along international and coastal shipping routes. Furthermore, economic growth in emerging markets and the growing need for Canadian natural resources have enabled industry shipping companies to benefit from Canada’s substantial dry and liquid-bulk exports. Moreover, as income levels gradually increased over the past five years, demand for cruises have continued to climb. As a result, consumers have increased spending on discretionary vacations. Stable economic growth in the United States also has increased demand for... Learn More
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