Over the past five years, the Scientific and Economic Consulting industry in Canada has recorded volatile growth. Decreasing demand from mining companies was offset by strong demand from farms, fisheries and other food production companies. Similarly as the price and consumption of electric power rose, demand from energy companies increased. Over the next five years, the industry is expected to continue to stabilize, as an improving economic climate stimulates demand for advisory services. Burgeoning corporate profit, an increasing number of businesses and increased mining activity are all poised to help the industry grow. Furthermore, steady demand from farms, fisheries, and other food production companies, as well as steady demand from energy companies, will underpin growth.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.