UK Logistics Market is Booming and Predicted to Hit US$ 689.2 Billion by 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 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 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.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/uk-logistics-market/requestsample

UK logistics Market Trends and Drivers:

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.

Report Segmentation:

The report has segmented the market into the following categories:

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

Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/request?type=report&id=6258&flag=C

Note: 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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