The warehousing and storage sector in the UK has shown significant fluctuations over the past decade. The turnover increased substantially from 2013 to 2017, peaking in 2017 before experiencing minor declines in 2018 and 2019. The impact of the COVID-19 pandemic was evident with a notable dip in 2020. However, the sector rebounded in 2021, continuing to grow through to 2023. In 2023, the sector's value stood at 27.06 billion pounds sterling, showing a 3.02% year-on-year variation, with a 3.20% CAGR over the last five years.

Future trends to watch for:

The sector is expected to continue growing, with a forecasted 2.26% CAGR from 2024 to 2028, leading to a projected turnover of 31.13 billion pounds sterling by 2028.
Automation and technological advancements in warehousing and storage could drive further efficiency and cost savings.
Increased demand for e-commerce will likely propel growth in the sector, necessitating expanded warehousing capacity.