Industries in Growth Stage of Life Cycle in Canada in 2023

1. Cannabis Production in Canada

2023 Units *: 46.0

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. Semiconductor Machinery Manufacturing in Canada

2023 Units *: 27.5

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

3. E-Commerce & Online Auctions in Canada

2023 Units *: 15.9

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

4. Distilleries in Canada

2023 Units *: 10.6

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

5. Couriers & Local Delivery Services in Canada

2023 Units *: 8.8

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

6. Small Specialty Retail Stores in Canada

2023 Units *: 7.6

The Small Specialty Retail Stores industry, which relies on discretionary purchases of products, such as tobacco, art supplies, calendars, candles, trophies and swimming pools, has been plagued by sluggish growth of per capita disposable income and consumer confidence. In addition, increased external competition from department stores and online retailers offering the same goods at lower prices have limited industry growth. Industry revenue is expected to increase at an average annual rate of 1.5% to $3.9 billion in the five years to 2014. Consumer trends are not expected to change anytime soon, leading to a slow 0.7% growth of industry revenue... Learn More

7. Coffee & Tea Production in Canada

2023 Units *: 7.2

Over the past five years, the Coffee and Tea Production industry has fared well, thanks to many consumers valuing the taste and versatility of tea and coffee blends. According to the Coffee Association of Canada's Canadian Coffee Drinking Study in 2011 (latest data available), Canadians consume 2.7 cups of coffee per day. This trend, coupled with many studies that have shed light on the health benefits of drinking tea on a daily basis, has stimulated consumer demand for coffee and tea products. Furthermore, more consumers have valued coffee and tea products made with input commodities, such as coffee beans and... Learn More

8. Breweries in Canada

2023 Units *: 6.4

Breweries suffered from slow disposable income growth and escalating competition from substitutes during the past five years. Consumers faced with historically low disposable income shifted their preferences toward value products. This shift counteracted a trend toward premium beverages, including top shelf beer, wine and spirits, which has undermined the industry in recent years. As a result of such substitution, industry revenue is estimated to decline 1.4% annually on average during the five years since 2007 to total $4.86 billion in 2012. This includes 2.4% revenue growth in 2012 as industry innovation and marketing bolster spending on beer.

Major companies Anheuser-Busch InBev... Learn More

9. Mental Health & Substance Abuse Clinics in Canada

2023 Units *: 5.0

The Mental Health and Substance Abuse Clinics industry provide a variety of outpatient care services for patients struggling with depression, schizophrenia, bipolar disorder, alcoholism and other drug related issues. In addition, industry clinics treat a variety of illnesses commonly affecting the elderly, such as dementia and Alzheimer's disease. Despite the unfavourable recessionary conditions and a slowdown in government funding, the industry is poised to grow at an annualized rate of 0.7% to $1.4 billion, in the five years to 2013. In 2013 alone, industry revenue is expected to increase 3.9%.

A variety of social and demographic factors have combined to fuel... Learn More

10. Physical Therapists in Canada

2023 Units *: 4.9

Over the past five years, the Physical Therapists industry has fared well as more people are accepting the benefits of physiotherapy to overall health. The growing population of baby boomers has benefited industry growth. Older adults are more likely to require industry services as a result of injuries and illnesses due to greater physical vulnerability; for example, the elderly are more likely to break bones in falls. The aging population and a budding appreciation for physiotherapy have supported revenue growth. Over the past five years, IBISWorld estimates that industry revenue has grown at an average annual rate of 4.1% to... Learn More