Industries with Least Riskiest Business Environments in Canada in 2025

• 1. Truck & Bus Manufacturing in Canada

  Business Environment Risk for 2025: 4

  Truck and bus manufacturing remains a staple in the Canadian economy since transporting people and goods is paramount to a healthy economy. Even so, the pandemic slashed demand for truck and bus manufacturers since lockdown restrictions limited manufacturing capabilities, international trade and downstream demand. However, robust e-commerce demand, along with favorable construction spending programs, especially as people returned to work, and the economy's overall recovery in the latter half ...

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• 2. Freight Forwarding Brokerages & Agencies in Canada

  Business Environment Risk for 2025: 4

  Freight forwarding brokerages and agencies in Canada endured mixed economic conditions impacting much of their growth. Nonetheless, the consistent need for freight forwarding services that provide a seamless transition between the shipper and the carrier has been helping this industry function without fault. Strong retail and consumer spending has been helping many in the industry thrive. Profit has also been scaling up despite inflationary pressures weighing on more companies to adopt more c...

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• 3. Hardware Stores in Canada

  Business Environment Risk for 2025: 4

  Canadian hardware stores retail building and home renovation supplies to professional contractors and consumers. Stores are characterized by their homogeneous products, leading to a high level of price-based competition. The industry has endured significant volatility recently because of a mediocre housing market and climbing interest rates. Sales were also dampened by the closure of many retail outlets during the pandemic. However, the housing market exploded in 2020 and 2021, which benefitt...

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• 4. Concrete Pipe & Block Manufacturing in Canada

  Business Environment Risk for 2025: 4

  Manufacturers of concrete pipes and blocks are vital to the construction sector, providing essential materials for residential, commercial and infrastructure projects. Economic trends influence this industry; fluctuations in interest or mortgage rates impact construction financing costs, potentially influencing construction activity and demand for materials. Additionally, the industry's engagement in international trade, particularly with the US, means that broader American economic and polit...

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• 5. Auto Mechanics in Canada

  Business Environment Risk for 2025: 4

  Auto mechanics provide mechanical and electrical repair and maintenance for various vehicles, including cars, trucks and vans. The industry is typically stable because, regardless of the state of the economy, cars still need to be maintained. However mechanics have faced volatility over the past five years as the Canadian economy has fluctuated in the years following the pandemic. The number of vehicle registrations has consistently increased over the past five years, creating a steady need f...

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• 6. Dairy Wholesaling in Canada

  Business Environment Risk for 2025: 4

  Companies in the Dairy Wholesaling industry in Canada wholesale various dairy products, including raw milk, processed milk, butter, cheese, cream, ice cream and yogurt, to downstream customers, such as grocery stores and food service establishments. Over the past five years, the industry has experienced solid growth as consumers have increased consumption of various dairy products, resulting in increased demand from downstream customers and rising production of many industry goods. While the ...

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• 7. Auto Parts Stores in Canada

  Business Environment Risk for 2025: 4

  Canadian auto parts stores sell a wide range of critical and nonessential vehicle parts and accessories. Retailers face regular competition from wholesale clubs, mass merchandisers and online retailers like eBay and Amazon. The industry prevailed through the pandemic, largely due to the essential nature of most automobile parts. Similarly, pent-up demand for travel and driving following lockdown orders contributed to greater vehicle wear and tear, leading to more demand for parts. Overall, re...

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• 8. Metal Plating & Treating in Canada

  Business Environment Risk for 2025: 4

  Canada's Metal Plating and Treating industry has fallen substantially amid general economic factors relating to the pandemic. This industry provides services to fabricated metal product manufacturers, such as structural steel, steel sheet and steel coil manufacturers. Since the construction sector (IBISWorld report 23) is one of the largest buyers of industry services, a decline in demand will likely heavily affect industry operators. Revenue is forecast to decline at a CAGR of 2.6% to $2.5 b...

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• 9. Eyeglasses & Contact Lens Stores in Canada

  Business Environment Risk for 2025: 4

  Eyeglasses and contact lens stores sell eyeglasses, contact lenses, sunglasses, safety eyewear and optical accessories. The industry has benefited from favourable population demographics. The burgeoning elderly population has boosted the number of optometrist visits to address age-related eyesight issues. Meanwhile, changing fashion trends have hastened many consumers' replacement cycles and have caused a shift toward costlier, designer eyewear. The industry has been relatively insulated from...

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• 10. Footwear Wholesaling in Canada

  Business Environment Risk for 2025: 4

  The Footwear Wholesaling industry in Canada has been navigating a complex landscape characterized by shifting consumer preferences and evolving distribution models. Dominated by key players like Nike, Wolverine World Wide and Adidas, the industry remains fragmented, with wholesalers striving to maintain relevance as manufacturers increasingly bypass traditional channels. Women's and girls' footwear continues to drive a substantial portion of sales, yet wholesalers face mounting pressure to ...

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