Industries in Growth Stage of Life Cycle in Canada in 2024

1. Cannabis Production in Canada

2024 Units *: 31.0

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. Battery Manufacturing in Canada

2024 Units *: 18.4

Over the five years to 2013, the Battery Manufacturing industry experienced steep declines in revenue due to recessionary drops in demand. However, as the economy recovers, this industry is expected to rebound in the coming years. The industry's revenue is volatile because it is heavily influenced by the automotive market as well as the level of trade. Industry operators have also had to contend with rising input prices, as the cost of key materials has fluctuated over the past five years. The cost of lead and nickel, materials used in battery manufacturing, have risen over the past five years and... Learn More

3. Snack Food Production in Canada

2024 Units *: 16.8

The Snack Food Production industry benefited from rising levels of per capita disposable income and product innovation over the past five years. As consumers had more disposable income, they increased demand for snack food products, thereby benefiting industry producers. During this time, the price of wheat increased, a primary input in several industry products and many of the larger industry players responded by passing cost increases to consumers in the form of higher product prices. These trends resulted in greater demand for industry products from the primary downstream markets, grocery wholesalers and retailers. Overall, industry revenue increased at an annualized... Learn More

4. Semiconductor Machinery Manufacturing in Canada

2024 Units *: 15.0

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

5. E-Commerce & Online Auctions in Canada

2024 Units *: 11.8

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

6. Couriers & Local Delivery Services in Canada

2024 Units *: 10.8

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

7. Data Processing & Hosting Services in Canada

2024 Units *: 10.0

The Data Processing and Hosting Services industry is benefiting from businesses that are increasingly outsourcing their information technology (IT) infrastructure needs. The industry provides services related to hosting or data processing used for a variety of IT-related activities ranging from web hosting to automated data entry services. The industry performed well during the past five years with revenue expected to grow at an average annual rate of 3.8% to $4.5 billion in 2013. In 2013 alone, industry revenue is expected to grow 4.3%. The current year's fast growth reflects a recovering economy and an increase in the use of industry... Learn More

8. Home Care Providers in Canada

2024 Units *: 8.4

The Home Care Providers industry in Canada is a mature industry, with a multitude of diverse companies offering services to well-established, growing healthcare markets. Industry providers cater largely to the elderly population, which is growing at a rate exceeding the national population growth rate in Canada. Moreover, industry companies increasingly offer chronic disease care, which makes home care providers an attractive alternative to institutionalized healthcare settings, such as hospitals, which are generally less personal and more expensive. As the population has aged, and chronic disease has become more prevalent, the number of Canadians receiving home care grew an estimated 8.6%... Learn More

9. Distilleries in Canada

2024 Units *: 8.3

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

10. Iron Ore Mining in Canada

2024 Units *: 7.8

Iron is the fourth most abundant element in the earth's crust and plays a vital role in today's global economy. A primary input into steel production, iron ore has enabled the world economy to advance drastically over the past century as steel production has become a cornerstone of many industries. The Iron Ore Mining industry in Canada plays an important role in the global trade of the commodity, and the industry has performed well in the five years to 2014. IBISWorld estimates that industry revenue has grown at an annualized rate of 4.1% in the five years to 2014 to... Learn More