Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Riskiest Industries in Canada in 2020
Want to see more riskiest industries?
View a list of the Top 25 riskiest industries2020 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
2020 Overall Risk Score: 7.4
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
2020 Overall Risk Score: 7.2
Companies in the Toy and Craft Supplies Wholesaling industry in Canada have encountered significant barriers to success in recent years. In particular, Mattel Inc.'s takeover of a leading Canadian toy manufacturer increased the company's ability to dictate prices and enter into direct sales contracts with downstream retailers, limiting demand for wholesaling services. At the same time, industry revenue has been supported by overall economic growth, and rising levels of disposable income and consumer confidence have caused nonessential spending on toys and craft supplies to expand. Ultimately, industry revenue is estimated to grow at a modest annualized rate of 0.2% over... Learn More
2020 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
2020 Overall Risk Score: 6.9
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
2020 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
2020 Overall Risk Score: 6.8
The Local Freight Trucking industry in Canada has experienced minimal growth over the five years to 2019, as a steady expansion of the broader Canadian economy has resulted in increased consumer spending and a greater volume of manufacturing inputs and consumer products being transported by industry operators. Moreover, the increasingly globalized nature of manufacturing and retail supply chains has caused many downstream industries to outsource their logistics operations to companies in this industry. At the same time, volatility in the price of diesel fuel has limited the ability of operators to generate revenue through fuel surcharges, constraining overall revenue growth.... Learn More
2020 Overall Risk Score: 6.8
The Millwork industry in Canada manufactures products such as wooden windows, doors and flooring products, in addition to lumber cut to specific shapes and dimensions. Industry products are used primarily in construction products, and as a result, industry revenue is closely tied to downstream construction markets. Domestic housing starts have risen at an annualized rate of 0.9% over the five years to 2019, although this slow annual growth masks significant volatility, with double-digit growth in 2017 followed by a decline in 2018, along with a forecast fall of 7.0% in 2019. However, the industry’s largest market is renovation expenditures, and growth in... Learn More
2020 Overall Risk Score: 6.8
The Packaging and Labelling Services industry in Canada packages and labels materials for manufacturers and retailers on a contract or outsource basis. As a service industry that relies on commercial activity to generate demand for its services, the industry has benefited from overall growth in the Canadian economy over the five years to 2019, which has encouraged the nation’s manufacturers to increase production to satisfy growing consumer demand. The shift toward sustainable and efficient packaging materials has also supported industry growth, as downstream clients have become increasingly willing to outsource these specialized packaging functions to industry operators. The industry has also benefited from... Learn More
2020 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
Assess the current performance and outlook of key drivers, while comparing numerical data going back years or decades to identify patterns and trends.
Easily see what other industries are affected by the selected key external driver, to understand upstream and downstream ramifications.
Download a free sample report today to discover the breadth and depth of information available at your fingertips!
GET SAMPLE REPORT