The gross investment in the Warehousing and Storage sector in the UK has exhibited robust growth over the past decade, with significant fluctuations. From a value of 372.6 million pounds sterling in 2013, the sector has grown to 1510.0 million pounds sterling by 2023. Notable year-on-year changes include a drop of 3.3% in 2020, followed by modest increases in subsequent years, culminating in a 4.32% rise in 2023. The five-year CAGR until 2023 stands at 8.12%, indicating a steady upward trend.
Looking ahead, the forecasted data suggests continued albeit slower growth with a five-year CAGR of 3.07% from 2024 to 2028. By 2028, the sector is expected to reach 1840.0 million pounds sterling, representing a 16.34% growth from 2023.
Future trends to watch for:
- Impact of technological advancements and automation in warehousing operations
- Shifts in global supply chains and their influence on UK warehousing demand
- Sustainability initiatives affecting investment in green and energy-efficient storage facilities
- Potential market consolidation through mergers and acquisitions