United Kingdom Freight and Logistics Market Report and Forecast 2024-2032

United Kingdom Freight and Logistics Market Size

The United Kingdom freight and logistics market reached approximately USD 122.80 billion in 2023. The market is projected to grow at a CAGR of 5% between 2024 and 2032, reaching a value of around USD 190.50 billion by 2032.

United Kingdom Freight and Logistics Market Outlook

• As per the Department for Transport, the UK has established a goal of achieving a 75 per cent growth in the region’s rail freight sector by 2050 to promote the transition from road transportation to rail.

• As of March 2023, around 214,160 logistics businesses were operating in the region.

• As per the industry reports, in 2023, four in five logistic operators in the UK plan to digitally transform their operations in the coming years.

United Kingdom Freight and Logistics Market Growth

The growth of e-commerce, growing investment in infrastructure including road and rail networks, and rapid urbanisation are some of the influential market drivers. Improvements in facilities and logistics centres are also underway in the UK to support increased capacities and advanced supply chain processes.

Furthermore, the logistics sector comprises several regulations to embrace more environmentally friendly technologies and practices in order to decrease carbon emissions and promote sustainability. This encompasses the transition to electric vehicles (EVs), hybrid trucks, and sustainable packaging solutions. The usage of robotics and automation in warehouses and distribution centres is a significant trend which is on the rise and can improve operational efficiency, minimise human error, and increase the sorting and packing processes in warehouses.

Technological advancements in last-mile delivery such as drone shipments, self-driving cars, and intelligent storage units, are becoming increasingly popular in addressing city logistics and increasing the delivery speed.

United Kingdom Freight and Logistics Industry Segmentation

“United Kingdom Freight and Logistics Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Function

• Courier, Express and Parcel

• Freight Forwarding

• Freight Transport

• Warehousing and Storage

• Others

Market Breakup by End Use

• Manufacturing

• Consumer Goods and Retail

• Food and Beverages

• IT Hardware and Telecom

• Healthcare

• Chemicals

• Construction

• Automotive

• Oil and Gas

• Others

Market Breakup by Region

• England

• Wales

• Scotland

• Northern Ireland

United Kingdom Freight and Logistics Market Share

Based on end use, the market is divided into manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, and oil and gas, among others. Consumer goods and retail sector are expected to account for a CAGR of 5.4% between 2024-2032 due to the large quantity of goods which are transported on a daily basis. The rise of e-commerce has also increased the need for high-end logistics services to manage the storage, distribution, and final delivery of a wide array of products.

Leading Companies in the United Kingdom Freight and Logistics Market

The market players are incorporating automation in their warehouses to speed up operations and enhance efficiency.

• FedEx Corporation

• United Parcel Service, Inc.

• Schenker AG 

• C.H. Robinson Worldwide Inc. 

• Deutsche Post AG 

• DSV A/S 

• CMA CGM Group (CEVA Logistics SA) 

• Kuehne + Nagel International AG  

• Yusen Logistics Co., Ltd. 

• Nippon Express Co., Ltd.  

• Expeditors International of Washington, Inc.

• GXO Logistics, Inc. 

• A.P. Møller – Mærsk A/S 

• Others

Key Highlights of the Report