Industry Analysis & Industry Trends
In the past five years, the level of interest in the Courier Pick-up and Delivery Services industry's standard door-to-door delivery services has grown. Retail markets have grown in importance to the industry, which was traditionally focused more on businesses than consumers. Retailers, especially online retailers, rely on industry services to get their goods to customers. With the domestic Retail Trade division's adoption of online retailing lagging behind overseas markets, much of this growth in demand has come from international e-commerce sites. Australians have spent up big on online shopping in the past five years, with online spending in Australia alone increasing at a compound annual rate of 26.0%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at a compound annual rate of 2.7% over the 10 years through 2018-19. This is similar to GDP growth in Australia over the same period, which is projected to rise at a compound annual rate of 2.5%. This means that the Courier Pick-up and Delivery Services industry will have a similar share of the overall economy in 2018-19 than it did in 2008-09.
The industry is in a mature phase of its economic life cycle, providing well-accepted products and services. Internal competition over the past 10 years is expected to suppress profit margins and wage growth. Despite increasing turnover, the industry's contribution to the economy is not forecast to grow... purchase to read more