If you want to know the biggest industries in Canada by employment, then look no further!
In 2023, there are a few powerhouse industries that employ most Canadians, from hospitals to retail and pharmacies in Canada.Here’s the list of the top 10 biggest industries according to levels of employment in Canada in 2023 presented by IBISWorld experts.
The 10 Biggest Industries by Employment in Canada
Industry Employment number for 2023
1. Hospitals in Canada 651,335
2. Full-Service Restaurants in Canada 531,399
3. Supermarkets & Grocery Stores in Canada 431,287
4. Fast Food Restaurants in Canada 402,477
5. Colleges & Universities in Canada 321,838
6. IT Consulting in Canada 320,499
7. Commercial Banking in Canada 278,186
8. Engineering Services in Canada 195,828
9. Janitorial Services in Canada 191,252
10. Pharmacies & Drug Stores in Canada 187,025
1. The Hospital industry in Canada has grown steadily over the past five years and this trend is expected to continue in 2023. The industry is highly dependent on both public and private funding, with nearly three-quarters of its funding coming from the public sector. As a result, it offers stability and job security for its employees. With an estimated 651,335 people employed in hospitals across Canada in 2023, it will continue to remain one of the country’s biggest industries by employment.
Healthcare workers are essential members of our society who provide invaluable services and help to keep Canadians healthy. Their work is often stressful and demanding, but also immensely rewarding and fulfilling. For those looking for a career that offers long-term stability while making a positive impact in their community, the Hospital industry is an excellent choice.
The Canadian healthcare network is constantly evolving and the demand for skilled workers will remain strong in the years to come. With its excellent job security and potential for career growth, a career in the hospital industry is sure to be rewarding both personally and professionally. So if you’re looking for a stable job with plenty of potential, consider exploring what this industry has to offer!
2. The Full-Service Restaurants industry in Canada is one of the largest employers in 2023, providing jobs to 531,399 people. The industry achieved rapid growth over the five years to 2022 as a result of increasing disposable incomes and consumer spending. However, this steady growth was interrupted by the effects of the COVID-19 pandemic which caused an unprecedented fall in industry performance.
Fortunately, there is a forecast for strong recovery that will help offset these losses. This means that despite being affected by the pandemic, Full-Service Restaurants remain a key employer in Canada come 2023. With per capita disposable income and consumer confidence rising again since 2021, restaurateurs have found new ways to adjust their business models so they can continue to provide quality service to customers.
Full-Service Restaurants remain a key employer in Canada come 2023, and will likely continue to be true for years to come. With the growing importance of food services in our daily lives and society’s increasing demand for restaurant experiences, this industry is set to experience continued growth in employment opportunities throughout the next few years. So if you’re thinking of embarking on a career path in hospitality, make sure you consider Full-Service Restaurants as an option!
3. The Supermarket & Grocery Store industry in Canada is projected to reach an employment number of 431,287 people by 2023. While this might seem like a large jump from previous years, the industry has actually been on a steady growth trajectory over the past five years. This goes to show that despite the COVID-19 (coronavirus) pandemic, Canadian consumers are continuing to find value in shopping at their local supermarkets and grocery stores.
One of the biggest drivers behind the increase in revenue and employment numbers is the rise of disposable income among Canadians. As more people have more money in their pockets, they’re increasingly turning to supermarkets and grocery stores as their go-to sources for food items. Additionally, the spread of supercentres has also created a one-stop shopping experience that is becoming increasingly popular with consumers.
The Supermarkets & Grocery Stores industry in Canada looks set to remain an important part of the Canadian economy for years to come. Employment numbers are expected to continue rising into 2023 and beyond. For Canadians looking for a stable career, this could be just what they need. Whether you’re looking for full-time or part-time work in the Supermarkets & Grocery Stores industry, there are plenty of opportunities out there waiting for you!
4. Fast food restaurants are one of the biggest industries by employment in Canada. According to a recent projection, the industry is expected to employ an estimated 402,477 people by 2023. Despite this growth, the fast food restaurant industry has experienced stagnation over the past five years due to mounting internal competition and changing consumer tastes.
The COVID-19 pandemic had a negative effect on this industry due to temporary closures and restrictions on dine-in services. However, even with these challenges, there have been some positive developments for the sector. Higher consumer spending and product innovation such as coffee, smoothies and other premium offerings have led to renewed consumer interest in fast food restaurants. These products often carry higher profit margins which can help to offset the impact of other challenges in the industry.
The fast food restaurant sector is also increasingly relying on digital platforms for marketing and ordering, helping to reduce costs and expand their reach. This shift toward technology-enabled platforms has enabled more efficient operations and delivery services that are key components of the growing demand for convenience from consumers.
It is clear that the fast food restaurant industry will remain a major employer in Canada over the next few years. With continued product innovation, improved digital ordering capabilities, and an increasing emphasis on convenience, it looks like fast food restaurants will continue to offer employment opportunities for many Canadians. The future of this important industry appears bright.
5. The College & University industry in Canada is expected to see continued growth over the five years to 2023. This is due to an increasing demand for higher education and a rise in tuition fees, despite tight budgets and other economic pressures.
More Canadians are turning towards postsecondary education – particularly in fields like healthcare and technology – as job prospects become increasingly competitive. Additionally, the cost of tuition continues to increase, which means that colleges and universities benefit from larger sources of revenue generated from students paying their fees.
Despite its strength, the industry still faces several challenges ahead. For instance, there may be a potential decline in government funding for certain colleges and universities if spending cuts exist during future budget cycles. Overall, with higher enrolment rates and increased tuition costs, the Colleges & Universities industry in Canada is projected to see continued growth over the next five years Job prospects are expected to remain strong for those interested in pursuing a career in this field, even though there are still some underlying risks that should be taken into consideration. It’s clear that having a postsecondary education has become increasingly important for those looking to succeed in today’s economy. The future looks bright for the College & University industry in Canada.
With employment numbers projected to reach 321,838 people in 2023, it’s clear that the industry will continue to play a key role in the Canadian economy. There are plenty of opportunities for those who pursue postsecondary education and work within this field. As Canada continues to evolve and grow, now is an exciting time to enter the College & University industry.
Overall, industry revenue is estimated to increase an annualized 1.5% to $48.4 billion over the five years to 2022, including an increase of 1.7% in 2022.
6. The IT Consulting industry in Canada is booming! Especially with the technological advances that have been made over the last five years, businesses are looking to professionals to help them use new and innovative technologies. With an estimated 320,499 people employed in this sector by 2023, it looks like the IT Consulting industry will remain one of the biggest employers in Canada for years to come.
IT Consultants provide a variety of services, from helping businesses increase their efficiency to designing custom software solutions and managing complex systems. Companies often turn to these experts when they’re looking for ways to cut costs or improve their processes. As such, demand for industry services is directly linked to corporate profits and consumer sentiment. Luckily, both have been steadily increasing over time, making the IT Consulting industry an attractive sector for those who seek jobs in Canada.
If you’re looking to start a career in the IT Consulting industry, now is the perfect time. With the demand for these services likely to remain high in the coming years, it’s a great opportunity to jump in and make your mark.
7. Commercial Bank in Canada is one of the biggest industries in Canada, with over 278,000 people employed by this sector in 2023. Despite a few bumps in the road and a low-interest rate environment, the Commercial Banking industry has still managed to grow within the last five years. Banks have done well in terms of creating new sources of revenue and navigating through restrictions posed by interest rates and regulations. Most of their income comes from business loans and mortgages, but they also generate money from other activities that are related to these services.
The industry offers individuals as well as businesses a great way to access credit and build wealth – something that many Canadians value highly. It provides job security for hundreds of thousands of people who work hard every day to ensure customers get the best possible experience. Commercial Banking has also been instrumental in driving economic growth and providing business owners with access to capital for their operations. The industry continues to be a major part of the Canadian economy, and it is likely that its role will continue to expand in the future.
Overall, Commercial Banking has proven to be an important sector within Canada’s economy, providing valuable services and employment opportunities for many people. It is expected that this sector will only grow further in the coming years as banks become more innovative and diversify their revenue streams. Despite some short-term challenges, Commercial Banking remains a reliable provider of products and services – something that is essential for sustained prosperity in Canada.
8. The Engineering Services industry in Canada is projected to continue its impressive growth over the next 5 years. This is due to increasing demand from key markets and an increase in corporate profits which will lead to greater investment. In 2023, it’s estimated that this industry will employ 195,828 people – making it one of the biggest industries by employment in Canada.
As an engineering services provider, your company could benefit greatly from this growth. By leveraging the deep understanding of the principles of engineering that you have to offer, you can provide consulting, design, feasibility studies and technical services for various projects. With a larger number of potential clients on the horizon, now is a great time to start planning how your business can best capitalize on this growing market.
Take the time to research what services are most in demand, and how you can offer them at an affordable rate. By doing this, your engineering services business will be well-positioned to take advantage of the growing demand for engineering services in Canada. With the right strategy and a little effort, your company could be poised for success in 2023 and beyond!
9. The Janitorial Services industry in Canada is expected to be one of the biggest employers in 2023, with an estimated 191,252 people employed. This sector is diverse, providing services such as carpet cleaning, floor care and window washing to commercial and residential customers alike.
While the industry is experiencing growth and strong demand for its services, it can also be volatile due to economic fluctuations. Companies must ensure they maintain a good level of service that meets the needs and budget of their customers while dealing with any unexpected changes in demand or pricing pressures.
Operators can take steps to mitigate these issues by investing in technology, developing more efficient processes and diversifying their offerings. They should also consider forming strategic partnerships with other organizations so they can better adapt to changing customer needs and reduce costs.
The Janitorial Services industry in Canada is an important contributor to the nation’s economy, providing thousands of jobs for many Canadians and creating countless opportunities for business owners. With its bright outlook for 2023, it looks like this sector will continue to be a major employer in Canada.
10. The Pharmacy and Drug Store industry in Canada will be one of the biggest industries by 2023, with 187,025 people employed. This industry has seen steady growth over the past five years due to increasing prices for pharmaceuticals which have bolstered revenue for operators.
Despite this positive trend, some provincial drug programs have chosen to limit prescription prices to cut healthcare costs, placing some strain on industry operators. All in all, the future of this important sector looks bright as it continues to play an integral role in providing Canadians with access to necessary medications. With continued investment into research and development, we can expect more job opportunities and increased customer satisfaction within the industry over the next few years.
Looking ahead, the Pharmacy and DrugStore industry is sure to remain a key contributor in providing Canadians with the healthcare they need.
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