Market Size of United Kingdom Same Day Delivery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UK Same Day Delivery Market Analysis
The United Kingdom Same Day Delivery Market is expected to grow at a CAGR of more than 4.5% during the forecast period (2022 -2027). Because of the COVID-19, logistics has faced unprecedented challenges, both in terms of keeping the UK economy supplied with all of the goods it requires, as well as dealing with increased staffing disruptions caused by sickness and self-isolation, as well as concerns about the viability of their businesses. According to industry reports, the COVID-19 lockout has resulted in a rapid increase of fleet service digitization. The abrupt and widespread switch to working from home that has been triggered by lockdown has fuelled much of this trend.
In 2021, the UK's exports of goods and services totalled GBP 619 billion and imports totalled GBP 648 billion. The EU accounted for 42% of UK exports of goods and services and 50% of imports in 2020. The UK generally imports more than it exports meaning that it runs a trade deficit. A deficit of GBP 156 billion on trade in goods was offset by a surplus of GBP 127 billion on trade in services in 2021. The overall trade deficit was GBP 29 billion in 2021.
Even though e-commerce platforms have been around for a long time, they have only recently gained mainstream notice. In order to stay up with the rest of the globe, the expansion of internet shopping in the UK has been phenomenal. The spread of the pandemic is one of the main reasons why e-commerce has become so popular. Due to the pandemic, shoppers were unable to visit retail stores in person, leaving e-commerce as their sole choice. Click and collect is quickly rising in popularity in the UK since merchants do not charge a delivery fee for click and collect services. Click and collect offers a convenient shopping option for shoppers who want the best of both worlds. Consumers in the United Kingdom are buying more things online than ever before, and by the end of 2021, online sales will account for nearly a third of all retail spending (30.2%). Many multi-channel businesses purchased warehouses to support both their online and brick-and-mortar retail networks. Logistics companies also bought a lot of space in 2021, accounting for 13.6 million square feet, or 22% of the total.
