The forecasted data for the UK's warehousing and support activities for transportation indicates a steady increase from £27.33 billion in 2024 to £29.98 billion in 2028. Compared to the 2023 actual value of £26.73 billion, this reflects consistent year-on-year growth. The year-on-year percentage increases are: 2024 (2.2%), 2025 (2.5%), 2026 (2.4%), 2027 (2.3%), 2028 (2.2%). The compound annual growth rate (CAGR) from 2023 to 2028 is anticipated to be around 2.3%, indicating stable growth.
Future trends to watch for:
- Technological advancements in warehousing such as automation and AI.
- Impact of regulatory changes post-Brexit on transportation logistics.
- Trends in sustainable practices and green logistics.
