Fastest Growing Industries in Canada by Revenue Growth (%) in 2026

• 1. Car Wash & Auto Detailing in Canada

  2026 Revenue Growth: 11.0%

  Canadian car wash and auto detailing companies clean, wash, wax and detail various motor vehicles, including passenger cars, trucks, vans and trailers. Climbing interest rates, rampant inflation and weak consumer confidence have hampered the industry over the past five years. Even so, increasing driving activity and an influx of investment from private equity firms have supported revenue growth. Overall, car wash and auto detailing revenue has risen at a CAGR of 1.0% to $1.5 billion through t...

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• 2. Boat Building in Canada

  2026 Revenue Growth: 8.9%

  Canadian boat builders manufacture various watercraft for personal, commercial and government use. These products are highly discretionary purchases, so boat builders benefit from growing consumer confidence, disposable income and spending. The pandemic fostered strong boat sales, encouraging individuals to find socially-distanced recreational activities, leading to heightened demand for boating. This trend has altered the industry's structure, pushing companies to provide added value to conv...

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• 3. Footwear Wholesaling in Canada

  2026 Revenue Growth: 8.4%

  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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• 4. Ceramics Manufacturing in Canada

  2026 Revenue Growth: 8.3%

  The ceramics manufacturing industry in Canada is experiencing a period of decline despite a gain in residential construction activity in 2025. Increased demand for ceramic fixtures, which naturally occurs with a boom in housing development, is primarily benefiting imports as opposed to domestic manufacturers. This trend underlines Canada's long-standing reliance on foreign-made ceramics and is reflected in the stagnant sales experienced by Canadian manufacturers. Global competition continues ...

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• 5. Car Body Shops in Canada

  2026 Revenue Growth: 8.2%

  Canadian car body shops have shown notable resilience and growth, rebounding quickly after early pandemic-related disruptions. Once quarantine measures lifted, driving activity surged, leading to an uptick in ac...

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• 6. Travel Agencies in Canada

  2026 Revenue Growth: 8.0%

  Travel agencies have struggled due to the rise of internet travel booking, which has interfered with the core services of travel agencies. Online travel agents now play a larger role alongside traditional brick-and-mortar businesses. Most agencies suffered in 2020 and 2021 as governments imposed restrictions on travel. Industry revenue has recovered from the pandemic low, expanding at a CAGR of 11.1% to $2.8 billion through the end of 2025, including a decline of 2.8% in 2025 alone.

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• 7. Shoe Stores in Canada

  2026 Revenue Growth: 7.9%

  The Canadian Shoe Stores industry has displayed resilience and adaptability in recent years, navigating a complex market influenced by evolving consumer behaviours and technological advancements. As consumers increasingly gravitate towards online shopping for convenience and competitive pricing, traditional brick-and-mortar stores have had to innovate. Integrating omnichannel retail strategies has become paramount, blending physical and digital shopping experiences to meet customer expectatio...

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• 8. Oil Drilling & Gas Extraction in Canada

  2026 Revenue Growth: 7.6%

  Oil drilling and gas extraction in Canada have grown tremendously, resulting from rising prices and additional investment in production. Oil and gas companies suffered significantly in 2020 amid the pandemic as prices drastically fell amid lockdowns. As the economy reopened, the need for oil and gas became apparent and prices skyrocketed, bolstering revenue. The Russia-Ukraine conflict further exacerbated this, causing exports to surge as foreign countries looked elsewhere to get oil and gas....

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• 9. Forklift & Conveyor Manufacturing in Canada

  2026 Revenue Growth: 6.9%

  The Canadian material handling equipment industry, which produces essential goods like forklifts and conveyors for manufacturing, construction, warehousing and logistics, faces notable headwinds heading into 2025 due to a slowdown in domestic manufacturing activity, international trade uncertainties and potential tariff escalations that disrupt global supply chains. Despite robust demand over the past five years driven by industrial production growth, rapid e-commerce expansion and incr...

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• 10. Women's Clothing Stores in Canada

  2026 Revenue Growth: 6.8%

  Canada's Women's Clothing Stores industry has seen moderate growth, driven by improving economic conditions. However, traditional brick-and-mortar stores increasingly feel pressure from e-commerce giants and the surge in direct-to-consumer (DTC) brands. As more shoppers turn to online platforms for their fashion needs, retailers have had to innovate continuously to maintain their foothold. Women's clothing stores' revenue has hiked at a CAGR of 1.9% over the past five years and is expected to...

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