UK Freight Transport Market Overview:
The UK freight transport market size reached USD 91.85 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 166.04 Billion by 2032, exhibiting a growth rate (CAGR) of 6.50% during 2024-2032. The rising e-commerce demand, infrastructure development, increasing international trade, advancements in logistics technology, the growing demand for sustainable transport solutions, government initiatives supporting supply chain efficiency, and the expansion of key sectors like retail and manufacturing are some of the major factors driving the market growth.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 |
USD 91.85 Billion |
Market Forecast in 2032 |
USD 166.04 Billion |
Market Growth Rate 2024-2032 |
6.50% |
UK Freight Transport Market Trends:
Growing E-commerce Sector
The rise in online shopping has significantly increased the demand for efficient logistics and delivery services. According to industry reports, The United Kingdom (UK) is one of the most advanced and mature e-commerce markets in Europe and the rest of the world. With a population of above 69 million and a high internet penetration rate of 97.8%, the UK offers a large and lucrative online customer base for both domestic and foreign businesses. The UK retail e-commerce sales are projected to reach $220.22 billion in 2024 (£177.11 billion). E-commerce in this country is flourishing, with a substantial customer base of over 65 million online shoppers. The average spending per shopper has reached an impressive $4,679, which reflects the strong appetite for online purchasing. Moreover, smartphone usage is also on the rise, with 69% of consumers using their mobile devices for online purchases. Additionally, Gen Z is becoming a major force in e-commerce, with 55% of users in this age group making online purchases.
Rising Infrastructure Development
Investments in transportation infrastructure, including roads, railways, and ports, are enhancing the efficiency and capacity of the freight transport system, facilitating smoother goods movement across the country. For instance, in March 2024, Rail Partners outlined how operators will work in partnership with the government to deliver the economic and environmental benefits of freight, through investment in trains, its workforce, and new technologies. Freight operators are ready to invest in improving and further decarbonizing rail freight if the government can deliver the conditions to enable the market to grow. An engine for green growth’ follows a commitment from the Department for Transport to grow rail freight by no less than 75% by 2050. The report offers a route to delivering on that target, and securing the benefits freight brings to the economy and the environment. Currently, rail freight already contributes £2.45bn to the UK economy, with 90% of those benefits accrued outside of London and the South East. As a result of recent investment in longer and heavier freight services, a single train can now remove up to 129 lorries from roads.
UK Freight Transport Market News:
- In May 2024, the Cardinal Partnership, Davies Turner, and Woodland Group formed a holding company and acquired the UK-based freight software firm Forward Computers Ltd from the Freight Software Group after an extensive due diligence process.
- In September 2024, Finnlines announced that it is set to launch a new freight service from Finland to London Medway in Sheerness, with further connections available to Belgium, Spain, and Ireland.
UK Freight Transport Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on offering, transport, and end use.
Offering Insights:
- Solution
- Freight Transportation Cost Management
- Freight Mobility Solution
- Freight Security And Monitoring System
- Freight Information Management System
- Fleet Tracking & Maintenance Solution
- Freight Operational Management Solutions
- Freight 3PL Solution
- Warehouse Management System
- Services
The report has provided a detailed breakup and analysis of the market based on the offering. This includes solution (freight transportation cost management, freight mobility solution, freight security and monitoring system, freight information management system, fleet tracking & maintenance solution, freight operational management solutions, freight 3PL solution, and warehouse management system) and services.
Transport Insights:
- Roadways
- Railways
- Waterways
- Airways
A detailed breakup and analysis of the market based on the transport have also been provided in the report. This includes roadways, railways, waterways, and airways.
End Use Insights:
- Retail and E-commerce
- Automotive
- Aerospace & Defense
- Pharmaceuticals
- Energy
- Others
The report has provided a detailed breakup and analysis of the market based on the end use. This includes retail and e-commerce, automotive, aerospace & defense, pharmaceuticals, energy, and others.
Regional Insights:
- London
- South East
- North West
- East of England
- South West
- Scotland
- West Midlands
- Yorkshire and The Humber
- East Midlands
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
UK Freight Transport Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
USD Billion |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Offering
- Transport
- End Use
- Region
|
Offerings Covered |
- Solution: Freight Transportation Cost Management, Freight Mobility Solution, Freight Security And Monitoring System, Freight Information Management System, Fleet Tracking & Maintenance Solution, Freight Operational Management Solutions, Freight 3PL Solution, Warehouse Management System
- Services
|
Transports Covered |
Roadways, Railways, Waterways, Airways |
End Uses Covered |
Retail And E-Commerce, Automotive, Aerospace & Defense, Pharmaceuticals, Energy, Others |
Regions Covered |
London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, Others |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the UK freight transport market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the UK freight transport market?
- What is the breakup of the UK freight transport market on the basis of offering?
- What is the breakup of the UK freight transport market on the basis of transport?
- What is the breakup of the UK freight transport market on the basis of end use?
- What are the various stages in the value chain of the UK freight transport market?
- What are the key driving factors and challenges in the UK freight transport?
- What is the structure of the UK freight transport market and who are the key players?
- What is the degree of competition in the UK freight transport market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK freight transport market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the UK freight transport market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK freight transport industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.