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Scientific & Economic Consulting in Canada Industry Data and Analysis
Scientific and economic consultants in Canada enjoyed strong growth in large part due to robust demand from niche clients and a rapid economic recovery following a period of high volatility. Significant growth in demand from the agriculture, energy and mining sectors, which rely on consulting services to navigate economic uncertainty and advance sustainability efforts, provided sharp revenue boosts despite inflationary pressures in 2022 and the overarching interest rates effects in 2023. Since consultants service a diverse array of clients, a decrease in one may lead to an opportunity in another. Digital technology expansion and higher emphasis placed on navigating a new tariff landscape in 2025 bolstered interest in economic consulting services across public and private sector clients alike. Revenue spiked at a CAGR of 10.7% to an estimated $8.8 billion, including an anticipated 2.4% boost in 2025 alone, primarily influenced by rising government investment.
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What's included in this industry analysis
IBISWorld's research coverage on the Scientific & Economic Consulting industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Scientific & Economic Consulting industry in Canada operates under the NAICS industry code 54169CA. This industry provides advice and assistance to businesses and other organizations on scientific and technical issues. The industry includes a range of specialist consulting activities, primarily in the areas of economic, energy and mineral, security and agricultural analysis. This industry excludes establishments that generate their revenue primarily from environmental consulting and remediation, geophysical surveying and mapping or oil and gas exploration. Related terms covered in the Scientific & Economic Consulting industry in Canada include geophysical, antitrust and feasibility studies.
What's included in this industry?
Products and services covered in Scientific & Economic Consulting industry in Canada include Occupational health, safety and security consulting, Agriculture, energy and commodities consulting and Economic consulting.
What companies are included in this industry?
The Scientific & Economic Consulting industry in Canada is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Scientific & Economic Consulting industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Scientific & Economic Consulting industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Scientific & Economic Consulting industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Scientific & Economic Consulting industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Scientific & Economic Consulting industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Scientific & Economic Consulting industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Scientific & Economic Consulting industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Scientific & Economic Consulting industry in Canada.
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Frequently Asked Questions
What is the market size of the Scientific & Economic Consulting industry in Canada in 2026?
The market size of the Scientific & Economic Consulting industry in Canada is $8.8bn in 2026.
How many businesses are there in the Scientific & Economic Consulting industry in Canada in 2025?
There are 27,979 businesses in the Scientific & Economic Consulting industry in Canada, which has grown at a CAGR of 2.7 % between 2020 and 2025.
How may import tariffs affect the Scientific & Economic Consulting industry in Canada?
The Scientific & Economic Consulting industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Scientific & Economic Consulting industry in Canada?
The Scientific & Economic Consulting industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Scientific & Economic Consulting industry in Canada grown or declined over the past 5 years?
The market size of the Scientific & Economic Consulting industry in Canada has been growing at a CAGR of 10.7 % between 2020 and 2025.
What is the forecast growth of the Scientific & Economic Consulting industry in Canada over the next 5 years?
Over the next five years, the Scientific & Economic Consulting industry in Canada is expected to grow.
What does the Scientific & Economic Consulting industry in Canada include?
Occupational health, safety and security consulting services and Agriculture, energy and commodities consulting services are part of the Scientific & Economic Consulting industry in Canada.
How competitive is the Scientific & Economic Consulting industry in Canada?
The level of competition is high and steady in the Scientific & Economic Consulting industry in Canada.
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