IBISWorld: Courier services in top 5 growing industries

In terms of employment growth.

IBISWorld has identified the industries that will provide the strongest employment growth in 2017-18 and over the next five years. IBISWorld senior industry analyst, James Thomson (pictured) expects data storage services, craft beer production, aquaculture, preschool education and courier pick-up and delivery services will be the industries posting the fastest employment growth in 2017-18 and over the next five years.

Growing wages and demand for skilled employees will provide solid opportunities for employment over the next five-year period. Demand for professionals with advanced degrees is expected to rise and more employees are likely to upskill or reskill to satisfy growing employer requirements for knowledgeable staff.

“The Courier Pick-up and Delivery Services industry is forecast to grow in 2017-18, and expand further over the next five years,” Thomson said.

Retailers, especially online stores, require the industry’s services to deliver goods to customers. While local retailers have been responsible for most of this growth, a large portion has been coming from international ecommerce sites that require parcel delivery services. As a result, industry employment is expected to increase by 4.3% in 2017-18.

Ecommerce, particularly through custom transport services for online retailers, is projected to drive industry growth over the next five years. The industry is more labour-intensive than other transport industries due to the amount of labour time required in the ‘last kilometre’ of delivery. As a result, industry employment is expected to grow at an annualised 3.1% over the five years through 2022-23.

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