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Fastest Declining Industries by Revenue Growth (%) in Canada in 2026
Fastest Declining Industries in Canada 2026
| Rank | Industry | Revenue Growth | Market Size | Businesses | Employees |
|---|---|---|---|---|---|
| 1 | Lubricant & Other Petroleum Product Manufacturing in Canada | -5.6% | $3.3bn | 85 | 1,970 |
| 2 | Mining, Oil & Gas Machinery Manufacturing in Canada | -3.8% | $5.2bn | 396 | 13,932 |
| 3 | Wiring Device Manufacturing in Canada | -3.7% | $1.3bn | 71 | 4,057 |
| 4 | Radio Broadcasting in Canada | -3.7% | $1.5bn | 614 | 8,891 |
| 5 | Jewellery Manufacturing in Canada | -3.4% | $7.1bn | 1,448 | 4,076 |
| 6 | Household Furniture Manufacturing in Canada | -3.3% | $4.9bn | 2,669 | 26,755 |
| 7 | Wired Telecommunications Carriers in Canada | -3.3% | $5.2bn | 37 | 6,581 |
| 8 | Loan Administration, Cheque Cashing & Other Services in Canada | -3.0% | $1.2bn | 658 | 4,102 |
| 9 | Cigarette & Tobacco Manufacturing in Canada | -2.4% | $2.7bn | 35 | 2,019 |
| 10 | Geophysical Services in Canada | -2.3% | $916.7m | 1,095 | 3,770 |
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Frequently Asked Questions
What is the fastest declining industry in Canada in 2026?
The fastest declining industry in Canada in 2026 is Lubricant & Other Petroleum Product Manufacturing, with a -5.6% revenue growth for 2026. This ranking is based on data compiled by IBISWorld industry analysts.
What are the top three fastest declining industries in Canada in 2026?
The top three fastest declining industries in Canada in 2026 are Lubricant & Other Petroleum Product Manufacturing, Mining, Oil & Gas Machinery Manufacturing and Wiring Device Manufacturing. Rankings are updated using IBISWorld data.