The warehousing and storage sector in the UK has experienced significant fluctuations over the past decade. The actual data up to 2023 shows a production value of £23.62 billion. The sector saw notable growth from 2013 to 2017, with double-digit increases year-on-year in most years. However, from 2017 onwards, the sector faced some volatility, highlighted by a decrease in production from 2018 to 2020, notably with the year 2020 seeing an 11.97% drop, likely impacted by the pandemic. The rebound starting in 2021 saw an 8.71% increase to 2022 and a 3.11% rise by 2023, indicating a recovery trajectory.
Looking at the forecast data from 2024 to 2028, the sector is expected to continue its gradual growth. The forecast suggests a 12.12% increase over this period, with an average CAGR of 2.32%. Future trends to watch for include the integration of advanced technologies such as automation and robotics, which could drive efficiency and capacity. Additionally, the increasing focus on sustainable practices and green warehousing could influence production values and operational costs. Market dynamics like Brexit implications and shifts in supply chain strategies due to global disruptions will also play crucial roles in shaping the sector's trajectory.