UK Logistics Market

Market Overview:

The UK logistics market size reached US$ 478.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 689.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.18% during 2023-2028.

Logistics refers to the overall planning, implementing, coordinating of resources, and managing of the flow of things from the point of origin to the final point of consumption. It primarily includes packaging, inventory, warehousing, production, security, material handling, information integration, inbound and outbound transportation, and supply and demand planning for third-party providers. Logistics offer cost-efficient transportation and storage of tangible resources, including liquids, food products, equipment, materials, and intangible goods like information to meet the requirements of the customer. Logistics management assists in optimizing operational costs, boosting profitability, improving customer experience, streamlining processes, and improving efficiency.

UK Logistics Market Trends:

The significant growth in the e-commerce industry and the increasing consumer inclination toward online shopping represents one of the key factors creating a positive outlook for the market in the UK. Logistics plays a crucial role in storing, transporting, delivering, and smooth functioning of online deliveries.The widespread adoption of the solution can also be attributed to the rise in reverse logistics operations, such as easy return and refund policies offered by various e-commerce platforms with flexible tracking facilities, which, in turn, is favoring the market growth. Moreover, the extensive utilization of logistics by several industrial verticals due to the rising awareness of its benefits, including lower investments, quicker delivery times, and enhanced focus on consumers rather than administrative operations, is acting as another growth-inducing factor. Apart from this, the introduction of tech-driven logistics services and the Internet of Things (IoT)-enabled connected devices that assist in tracking objects and remotely controlling elements of the transport process are providing a considerable boost to the market growth. Additionally, the rising focus on sustainable development has led to increasing demand for green logistics, which is supporting the market growth. Furthermore, the widespread utilization of radio frequency identification (RFID), Bluetooth, and other newly introduced technologies, such as drone delivery and driverless vehicles, is positively impacting the market growth. Other factors, including extensive research and development (R&D) activities and increasing demand for secure and refrigerated transportation across the country, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the UK logistics market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on model type, transportation mode and end use.

Breakup by Model Type:

• 2 PL
• 3 PL
• 4 PL
   

Breakup by Transportation Mode:

• Roadways
• Seaways
• Railways
• Airways
   

Breakup by End Use:

• Manufacturing
• Consumer Goods
• Retail
• Food and Beverages
• IT Hardware
• Healthcare
• Chemicals
• Construction
• Automotive
• Telecom
• Oil and Gas
• Others
   

Breakup by Region:

• North West England
• Yorkshire and the Humber
• West Midlands
• East of England
• South West England
• South East England
• East Midlands
• North East England
• Greater London
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: