Industry Analysis & Industry Trends
Over the past five years, the Global Courier and Delivery Services industry recovered from low levels caused by the global economic slowdown. The global economic downturn caused global consumer spending and the total value of world trade to decline in 2009, as the largest economies in the world from the United States to Europe, went into recession. Consequently, demand for the transportation of packages and parcels diminished, causing industry revenue to plummet in 2009. Nevertheless, IBISWorld forecasts that revenue for the Global Courier and Delivery Services industry will grow... read more
The Global Courier and Delivery Services industry is centered in North America, Europe and North Asia. Like any transportation industry, the demand for courier services is predominantly associated with the level of business and consumer spending. The performance of this industry depends on the same broad factors that determine economic performance, such as GDP and the level of trade and growth within industries that use couriers and delivery services to transport goods.
The North American region, specifically the United States, is the largest revenue generator in this industry, making up 36.2% of industry revenue... read more