Word of advice: Stable commodity prices has increased spending on industry services

The Management Consulting industry in Canada is composed of companies that provide consulting services to private businesses and the public sector. These advisory services are tailored to provide strategic, financial, marketing, operational and supply chain management consulting services. The five years to 2019 were characterized by significant economic upheaval, as the price of commodities collapsed multiple times. Management consultants were called upon to help guide businesses through difficult operating conditions. As commodity prices stabilized, businesses implemented the strategies and tips provided by consultants in 2015 and 2016 and adjusted to a new reality...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Revenue is expected to be affected by an increasing number of business
  • Many industry services are geared toward providing advice during difficult conditions
  • Operators will experience stable demand due to strong domestic economic conditions
  • Industry Report - Industry SWOT Analysis Chapter

    The Management Consulting industry in Canada is in the mature stage of its economic life cycle. Slow enterprise growth, wholehearted market acceptance of industry services, mergers and acquisitions by large companies and moderate growth characterize the industry. The industry has characteristics that enable it to expand during periods of strong economic growth and during periods of significant economic upheaval. Counter-cyclical demand for consulting services on subjects such as restructuring, cost-cutting and risk management provide additional growth opportunities for industry players.Industry value added (IVA), a measure of an industry's contribution to the overall economy, is projected to grow an annualized 3.1% over the 10 years to 2024. GDP...purchase to read more.

    Additional Insights for the Management Consulting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Management Consulting Industry are

  • Ability to effectively communicate and negotiate
  • Access to highly skilled workforce
  • Well-developed internal processes
  • IBISWorld analysts also discuss how external factors such as Number of businesses and Corporate profit in the Management Consulting industry impact industry performance..

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    What's in this report

    What is the Management Consulting Industry?

    Industry operators advise businesses, nonprofit organizations and public-sector agencies in several areas, which include organizational design, corporate strategy, marketing and sales, financial advisory and logistics. This industry excludes establishments that provide day-to-day administrative services and companies that concentrate on recruitment, training, public relations, market research, engineering design, computer systems design or investment advice.

    Industry Products
  • Strategic management
  • Human resources management
  • Financial management
  • Marketing management
  • Operations and supply chain management
  • Other management
  • Other non-management
  • Industry Activities
  • Strategic management consulting services
  • Financial management consulting services
  • Marketing management consulting services
  • Operations and supply chain management consulting services
  • Other management consulting services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of businesses
  • Corporate profit
  • Value of nonresidential construction
  • Government expenditure and investment
  • Industrial capacity utilization

  • Current Performance
  • More clients more consulting
  • Consulting through upheaval
  • Enter and compete
  • Chart: Revenue Growth

  • Industry Outlook
  • Shifting business environment
  • Market growth
  • Steady competition
  • Table: Management Consulting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Management Consulting Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining In Canada
  • Utilities In Canada
  • Manufacturing In Canada
  • Finance and Insurance In Canada
  • Public Administration in Canada

  • Key Selling Industries
  • Accounting Services in Canada
  • Consumer Electronics Stores in Canada
  • Database & Directory Publishing in Canada
  • HR Consulting in Canada
  • Market Research in Canada

  • Products & Services
  • Strategic management
  • Other management
  • Human resources management
  • Financial management
  • Marketing management
  • Operations and supply chain management
  • Other non-management
  • Chart: Management Consulting Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Service-producing businesses
  • Goods-producing businesses
  • Governments, public institutions and nonprofit organizations
  • Individuals and households
  • Chart: Major Market Segmentation for the Management Consulting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Management Consulting

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Management Consulting Industry

  • Industry Globalization
    Deloitte Touche Tohmatsu Limited, McKinsey & Company,
  • Table: Deloitte Touche Tohmatsu Limited - financial performance
  • Table: McKinsey & Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Management Consulting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Management Consulting Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Corporate Profit (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Human Resources Consulting
  • The contracting of a consultant for advice on structuring human resource and personnel policies, employee benefits, compensation systems and wage and salary administration.
  • Management Consultant
  • A consultant who provides advice and assistance to businesses and other organizations on various issues, including management.
  • Strategic Consulting
  • The contracting of a consultant to advise on long-term planning with an eye toward minimizing costs and maintaining profit, often in conjunction with the development of new products and services.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Management Consulting market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Management Consulting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Management Consulting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Management Consulting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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