Market Size of United Kingdom Contract Logistics Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 99.5 Billion |
| Market Size (2029) | USD 116.53 Billion |
| CAGR (2024 - 2029) | 3.21 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Contract Logistics Market Analysis
The United Kingdom Contract Logistics Market size is estimated at USD 99.5 billion in 2024, and is expected to reach USD 116.53 billion by 2029, growing at a CAGR of 3.21% during the forecast period (2024-2029).
- Despite facing significant operational and financial disruption since March 2020, the logistics industry continued to supply the nation with goods, including food supplies and PPE. To deal with the COVID-19 pandemic, logistics businesses managed risks by scaling back operations, taking work back in-house, and reducing their reliance on third-party services. At the same time, many also focused on their core fleet of vehicles to save costs.
- The United Kingdom has the most advanced logistics industry in Europe. Owing to the variety and higher prevalence of e-commerce, this may not change—the contract logistics market benefits from expanding e-commerce due to increased demand for contract logistics services. As a result of the e-commerce boom, logistics companies are expanding their services.
- With the expansion of international trade and the interconnectedness of economies, companies in the UK are increasingly engaging in global business activities. This has led to a surge in the demand for efficient and streamlined logistics services to facilitate the movement of goods across borders.
- The Need for expanded transportation networks, the complexity of global supply chains, advancements in technology, and the rise of e-commerce have all influenced the growth and evolution of contract logistics in the UK.
- Contract logistics services are in high demand as a result of the retail e-commerce boom. Over the last decade, e-commerce has become the most popular retail trend in the United Kingdom. Even though e-commerce platforms have been around for a long time, they have only recently gained mainstream notice. In order to keep up with the rest of the globe, the expansion of internet shopping in the United Kingdom has been phenomenal.
