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UK Freight and Logistics Market Forecast
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 130.74 Billion
Market Forecast in 2032: USD 173.41 Billion
Market Growth Rate: 2.80% (2024-2032)
The UK freight and logistics market size was valued at USD 130.74 Billion in 2023 and is projected to grow to USD 173.41 Billion by 2032, with an expected compound annual growth rate (CAGR) of 2.80% from 2024 to 2032.
UK Freight and Logistics Market Trends:
The UK market is largely dictated by the explosion of e-commerce and therefore there is a strong need for effective last-mile delivery options. This, in turn, is driving technological advancements, such as real-time tracking, automation in warehouses, process efficiency, and improving supply chain efficiency, on the market. Similarly, the growing focus on sustainability and the adoption of green logistics practices, such as electric and hybrid delivery vehicles, are reshaping the market landscape.
In addition, due to the increase in infrastructure construction (railways and roads), logistics efficiency is enhanced and market development is stimulated. Furthermore, the growing adoption of multi modal transportation, consisting of road, rail and sea transport, enables optimized cost and time management of logistics managers and, as a consequence, it sparks the market demand. Apart from this, supportive government measures for innovation and trade increases, such as freeports and digital customisation, are also driving the momentum of the market.
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UK Freight and Logistics Market Scope and Growth Analysis:
The market scope covers all types of services such as road, rail, air and sea transport, warehousing, and distribution solutions. The market scope is poised for robust growth, driven by the increasing complexity of supply chains and the growing need for seamless, integrated logistics services. Continuous introduction of more and more sophisticated technologies such as based on AI-driven route optimization and blockchain for completely transparent and secure operationalization is reshaping the market's extent.
According to the market analysis, increased investment in eco-friendly logistics infrastructure along with governmental promotion of clean energy transportation is likely to pave the way for market-long term success. Cross-border trade expansion driven by enhanced customs procedures and favorable trade policies is having an additional effect on market dynamics. Besides, the emphasis on niche logistics services is also playing a role in market growth. The increasing demand for cold chain logistics, fueled by the increase in goods that require controlled temperature-sensitive temperature regimes (e.g., pharmaceuticals and perishables) is a strong driver of market expansion.
UK Freight and Logistics Market Outlook and Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest UK freight and logistics market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Logistics Function Insights:
Courier, Express and Parcel
By Destination Type
Domestic
International
Freight Forwarding
By Mode of Transport
Air
Sea and Inland Waterways
Others
Freight Transport
By Mode of Transport
Air
Pipelines
Rail
Road
Sea and Inland Waterways
Warehousing and Storage
By Temperature Control
Non-Temperature Controlled
Temperature Controlled
Others
End Use Industry Insights:
Agriculture, Fishing and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Regional Insights:
London
South East
North West
East of England
South West
Scotland
West Midlands
Yorkshire and The Humber
East Midlands
Others
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Other key areas covered in the report:
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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