Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with Most Risky Business Environments in Canada in 2023
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View a list of the Top 25 industries with most risky business environmentsBusiness Environment Risk for 2023: 7.2
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
Business Environment Risk for 2023: 7.1
The Canadian Household Furniture Manufacturing industry has been susceptible to US trade tensions with China through 2023. With the United States accounting for the largest export market for operators, the industry has experienced high revenue volatility due to ongoing negotiations on Chinese furniture imports to the United States. Deteriorating economic drivers, such as housing starts, disposable income and residential renovation expenditure, revenue is expected to plummet at a CAGR of 3.0% to $4.0 billion over the five years to 2023, including a 6.6% drop in 2023 alone as the Canadian housing crisis continues.
An appreciating Canadian dollar during most of the... Learn More
Business Environment Risk for 2023: 7.0
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
Business Environment Risk for 2023: 6.9
Canada's Cabinet and Vanity Manufacturing industry is expected to grow marginally over the five years to 2023. Significant increases in housing starts and residential renovation expenditure in 2021 resulted in revenue rising 15.8% during the year, boosting industry revenue overall. However, the industry has contended with substantial challenges, as falling housing starts throughout most of the period have contributed to revenue declining yearly outside of 2021. Moreover, as rising interest rates and high inflation have cooled the Canadian economy in 2022 and 2023, revenue is estimated to fall in both years. Nonetheless, IBISWorld expects industry revenue to increase an annualized... Learn More
Business Environment Risk for 2023: 6.7
Real estate sales and brokerage services are closely aligned with the health of the Canadian real estate market. Revenue rises alongside property prices and real estate transaction volumes as real estate agents are paid on a commission basis when they close a deal. A growing, aging and progressively wealthy Canadian population has boosted demand for residential properties. Industry revenue has been growing at a CAGR of 7.3% over the past five years, and is expected to reach $26.0 billion through the end of 2023, despite a decline of 2.5% in 2023 alone.
Revenue has grown despite a sharp decline in the... Learn More
Business Environment Risk for 2023: 6.6
Newspaper publishers in Canada are continuously feeling the effects of digital media. External competition from multiple mediums has sent the industry into a flurry, as consumers now have endless ways to access news and stories. As print readership has fallen, advertisers are pulling out of newspapers despite an uptick in advertising expenditure. The pandemic only further exasperated this dilemma as consumers were stuck at home and continued to digest news through their tablets, computers and smartphones. Overall, industry revenue has been decreasing at a CAGR of 9.5% over the past five years, and is expected to total $2.0 billion in... Learn More
Business Environment Risk for 2023: 6.6
Direct mail advertising in Canada has contended with fierce competition from alternative advertising formats over the past five years. Still, advertisers have benefited from technological advancements, which have given way to integrated marketing campaigns. Lacklustre response rates to digital marketing campaigns have also highlighted the effectiveness of direct mail advertising, which garners much more frequent responses from young adults. As digital marketing grows more saturated, revenue for Canada's Direct Mail Advertising industry has inflated at a CAGR of 1.2% over the past five years, reaching an estimated $1.5 billion in 2023. Inflationary pressures will mitigate revenue growth in 2023, leading... Learn More
Business Environment Risk for 2023: 6.6
The Furniture Stores industry in Canada is forecast to decline over the five years to 2022. Prior to the current period, the industry experienced substantial growth, driven by the recovery from the subprime mortgage crisis. This recovery continued through 2017, before experiencing a three-year decline. One factor affecting this industry is the number of new privately owned housing units started in a given year. Housing starts declined 3.1% and 2.0% in 2018 and 2019, respectively. The declines in housing starts contributed to 3.6% and 0.3% declines in industry revenue in the same years. While housing starts increased 4.4% in 2020,... Learn More
Business Environment Risk for 2023: 6.6
Metal stampers and forgers in Canada manufacture metal products using a variety of pressing machines and localized compressive forces. Industry products may be made of steel or nonferrous metals, such as aluminum, which are typically used as components in downstream manufacturing processes. Buyers of forged and stamped metal products include the commercial aerospace, defence and agricultural machinery manufacturing markets, among others. However, trade tensions with the United States, geopolitical uncertainty and the COVID-19 pandemic have hindered industry performance. Industry revenue has decreased at a CAGR of 8.9% throughout 2023, including a decline of 6.0% to total an estimated $1.4 billion... Learn More
Business Environment Risk for 2023: 6.5
Clay bricks and tiles produced by the Canadian Clay Brick and Product Manufacturing industry are principally used in the housing market for construction and renovation. Refractory products, which have high thermal resistance, are used to line kilns and furnaces. The primary sources of demand for industry products are construction and industrial manufacturing markets, particularly steel manufacturers. Over the five years to 2022, the industry has exhibited mixed results amid significant volatility. While the housing market has improved during most of the period, the global COVID-19 (coronavirus) pandemic in 2020 lowered downstream demand for industry products and harmed industry profitability. Significant... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Fastest Declining Industries in Canada by Revenue Growth (%) in 2023
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Least Risky Industries in Canada in 2023
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