 of 6.18% during 2023-2028.){kind=link}
According to 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 represents the overall planning and managing of storage and transportation of goods and resources, such as equipment, food, liquid products, etc., from the point of origin to the final or desired destination. They can be categorized into second party (2PL), third-party (3PL), fourth-party (4PL), and other model types. These logistics services mainly include packaging, inventory management, warehousing, inbound and outbound transportation, security, production, material handling, information integration, and supply and demand planning for various businesses. They ensure cost-efficient transportation and storage of tangible resources, including liquids, equipment, food products, materials, and intangible goods. Logistics management operations aid in optimizing operational costs, enhancing profitability, improving customer experience, and streamlining processes. Consequently, they find extensive applications across numerous sectors in the United Kingdom, such as manufacturing, consumer goods, retail, food and beverages (F&B), information technology (IT), healthcare, construction, chemicals, automotive, telecommunication, oil and gas, etc.
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UK Logistics Market Trends and Drivers:
The expanding e-commerce industry, on account of the elevating consumer inclination for online shopping, is among the key factors driving the UK logistics market. Moreover, the growing reverse logistics operations, including the easy return and refund policies offered by several e-commerce platforms with flexible tracking facilities, are also positively influencing the market across the country. Besides this, the launch of tech-driven logistics services and the development of advanced internet of things (IoT)-enabled connected devices that help to track objects and remotely control elements of the transport process are acting as a significant growth-inducing factor. Additionally, the shifting preferences toward green logistics solutions, owing to the escalating focus on sustainable development, the increasing utilization of radio frequency identification (RFID) systems, drone delivery, and driverless vehicles, and the rising need for secure and refrigerated transportation solutions are expected to propel the UK logistics market in the coming years.
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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