The value added of postal and courier services in the UK is forecasted to grow steadily from 2024 to 2028. The estimated values are £13.24 billion in 2024, £13.42 billion in 2025, £13.59 billion in 2026, £13.77 billion in 2027, and £13.93 billion in 2028. The value for 2023 stood at £13.08 billion. Year-on-year growth shows a consistent modest increase, with an average annual growth rate (CAGR) of approximately 1.6% over the forecasted period. The highest growth is projected from 2027 to 2028, at around 1.2%.
Future trends to watch for include:
- The impact of technological advancements in logistics and delivery, such as automation and drone deliveries.
- Shift in consumer preferences towards e-commerce, influencing demand for courier services.
- Regulatory changes that may affect operational efficiencies and costs.
- Sustainability initiatives driving change in logistics strategies and operations.