As Canada’s economy evolves, certain industries are experiencing rapid growth, outpacing others in terms of revenue expansion.
While many sectors continue to show steady performance, a handful of niche industries are emerging as clear leaders in Canada’s economic landscape. |
According to IBISWorld data, here are five of the fastest-growing industries in Canada based on projected revenue growth for 2025–2026.
The numbers next to each industry indicate the projected revenue growth percentage for 2025–2026.
1. Glasses & Contact Lens Manufacturing (+15.3%)
With more time spent on screens, vision problems are on the rise. That’s fuelling demand for corrective eyewear, pushing this industry toward 15.3% revenue growth.
But beyond the numbers, this industry helps children learn better in school, supports seniors in staying independent, and gives everyone the chance to see the world more clearly—whether it’s a classroom chalkboard, a road sign, or the smile on a loved one’s face.
A great pair of glasses or speciality contacts can completely change someone’s outlook and life path.
2. Auto Parts Wholesaling (+11.6%)
Cars are lasting longer, but that also means they need more upkeep. The auto parts wholesale industry is projected to grow by 11.6%, driven by aftermarket needs and a rebounding supply chain.
This growth benefits everyday Canadians by keeping cars affordable and safe to drive. Whether it’s ensuring families get to hockey practice or commuters make it to work, accessible parts help keep life moving smoothly.
3. Market Research (+10.5%)
Companies today are eager to understand what people really want—and that’s where market research comes in.
With 10.5% growth on the horizon, this industry helps businesses design better products, improve services, and respond to customer needs more effectively.
The result? Shoppers enjoy more thoughtful, relevant, and innovative experiences, from better apps to tastier grocery options.
4. Gambling (+10.1%)
Whether it’s the excitement of casinos, the rise of sports betting, or the convenience of online platforms, gambling is growing rapidly, with projected 10.1% revenue growth.
Of course, gambling can become extremely addictive and turn into a dangerous habit that ends up costing someone more than it may benefit them.
With that being said, in moderate, reasonable capacities, gambling can be a fun and engaging way to connect.
As a financial company, we highly recommend practicing caution with gambling. Go into it with a clear plan and boundaries only if it is within your means.
Ensure that whatever you put into it does not crash your budget. Gambling is not a secure or stable way to “get rich quick” — especially if you are already experiencing financial difficulty.
Click here for some ways to recognize when gambling becomes a problem.
5. Navigational Instrument Manufacturing (+10.1%)
Behind the scenes of modern life lies a network of navigation tools—from GPS systems guiding delivery trucks to precision instruments used in aviation and shipping.
Expected to grow by 10.1%, this industry helps us find our way, whether that’s exploring hiking trails, ensuring packages arrive on time, or enabling safe air travel. It’s the invisible backbone that keeps Canadians connected to places, people, and opportunities.
Why this matters
These industries aren’t just about generating profits—they reflect how Canada is changing and what matters to its people. They touch nearly every aspect of daily life: helping us see, move, shop, play, and connect more easily.
As Canada continues to diversify its economy, these sectors show how growth and quality of life can go hand in hand — and of course, with the golden rule of “everything in moderation” applied.
For anyone watching where the country is headed—be it entrepreneurs, investors, or curious readers—these industries are worth keeping an eye on.
