UK Logistics Market 2023 | Industry Share, Size and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “UK Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“ The study provides a detailed analysis of the industry, including the UK logistics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the UK logistics market?

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.

What is UK logistics?

Logistics encompasses the comprehensive coordination, planning, and management of resources required to facilitate the flow of goods from the point of origin to the final consumption destination. They involve inventory management, packaging, warehousing, security, production, inbound and outbound transportation, material handling, and supply and demand planning for third-party providers. In addition, they provide efficient and cost-effective transport and storage of tangible goods such as food products, equipment, materials, liquids, and intangible goods like information to meet the requirements of customers. As a result, logistic services are widely utilized in retail, manufacturing, healthcare, chemicals, construction, telecom, oil and gas, automotive, consumer goods, food, and beverage (F&B) sectors across the United Kingdom.

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What are the growth prospects and trends in the UK logistics industry?

The market is primarily driven by the significant expansion of the e-commerce industry. In addition, the growing preference of consumers for online shopping due to easy return and refund policies offered by e-commerce platforms and the efficient management of logistics for the smooth functioning of online deliveries and returns are contributing to the market growth. Moreover, the emergence of technology-driven logistics services, such as the Internet of Things (IoT)-enabled connected devices to assist in tracking objects along with the incorporation of radio frequency identification (RFID), drones, Bluetooth, and driverless vehicles represents another major growth-inducing factor. Besides this, logistics provides optimized operational costs, increased profitability, minimized investments, enhanced customer experience, streamlined processes, and improved overall efficiency. Furthermore, the emergence of green logistics services, the escalating demand for secure and refrigerated transportation, and extensive research and development activities are creating a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Model Type:

Breakup by Transportation Mode:

Breakup by End Use:

Breakup by Region:

Competitive Landscape:

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