The UK warehousing and support activities for transportation industry exhibited robust growth from 2013 to 2019, with production consistently rising year-on-year. However, 2020 experienced a significant contraction owing to the COVID-19 pandemic. The market rebounded in 2021 with a notable increase of 17.3%, followed by sustained growth up to 2023. As of 2023, production stood at 56.94 billion pounds sterling. Over the next five years to 2028, the industry is forecasted to grow at a compound annual growth rate (CAGR) of 1.75%, reflecting a cumulative growth rate of 9.04% over this period.
Trends to watch for in the future include:
- Adoption of advanced technologies such as automation and AI to enhance operational efficiency.
- Increased emphasis on sustainability and green logistics.
- Impact of evolving trade policies and economic conditions post-Brexit.
- Growth in e-commerce driving demand for warehousing and logistics support.
- Potential disruptions and opportunities arising from geopolitical changes and global supply chain realignments.