The turnover of warehousing and storage in the UK has shown significant fluctuation from 2013 to 2023. Starting at 14.42 billion euros in 2013, the sector experienced a strong growth trajectory with notable peaks in 2015 and 2017. However, growth was not consistent, with dips in 2018 and 2020. As of 2023, the turnover stood at 32.11 billion euros, reflecting an impressive overall growth. The year-on-year variation had significant highs and lows, such as a sharp increase of 44.45% in 2015 and a decline of 14.16% in 2020. The compound annual growth rate (CAGR) over the last five years averaged around 4.2%.
Future trends to watch for:
- An expected steady CAGR of 2.2% leading to a forecasted turnover of 36.79 billion euros by 2028.
- Increased demand for warehousing space driven by ecommerce growth and supply chain optimization.
- Technological advancements in automation and data analytics enhancing operational efficiency.
- Green and sustainable warehousing practices becoming a competitive differentiator.
