UK Logistics Market Growth of 6.18% ( CAGR) during 2023-2028

The latest report by IMARC Group, titled, “UK Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The UK logistics market is expected to exhibit a growth rate (CAGR) of 6.18% during 2023-2028.

Logistics encompasses the comprehensive planning and management of the storage and transportation of goods and resources, including equipment, food, liquids, and more, from their origin to their final destination. It involves various models such as second party (2PL), third-party (3PL), fourth-party (4PL), and others. These logistics services comprise packaging, inventory management, warehousing, inbound and outbound transportation, security, production, material handling, information integration, and supply and demand planning for businesses across different sectors. By ensuring cost-efficient transportation and storage of both tangible and intangible resources, such as liquids, equipment, food products, materials, and more, logistics operations contribute to optimizing costs, improving profitability, enhancing customer experience, and streamlining processes. As a result, logistics plays a vital role in multiple industries in the United Kingdom, including manufacturing, consumer goods, retail, food and beverages (F&B), information technology (IT), healthcare, construction, chemicals, automotive, telecommunications, oil and gas, and others.

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UK Logistics Market Trends and Drivers:

The UK logistics market is primarily driven by the rapid growth of the e-commerce industry, fueled by the increasing preference for online shopping among consumers. The market is further boosted by the expansion of reverse logistics operations, including hassle-free return and refund policies offered by e-commerce platforms, accompanied by efficient tracking capabilities. Technological advancements play a crucial role in shaping the market, with the introduction of tech-driven logistics services and the development of IoT-enabled devices that enable seamless tracking and remote control of transportation processes. Moreover, the rising demand for sustainable logistics solutions leads to the adoption of green practices, such as RFID systems, drone delivery, and autonomous vehicles. The need for secure and temperature-controlled transportation solutions is also driving market growth. As a result, the UK logistics market is expected to witness significant development in the coming years, catering to the evolving demands of the e-commerce and sustainable transportation sectors.

UK Logistics Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

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

The report has segmented 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

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Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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