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
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 | USD 91.85 Billion |
Market Forecast in 2032 | USD 166.04 Billion |
Market Growth Rate 2024-2032 | 6.50% |
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.
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:
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:
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:
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:
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.
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.
Report Features | Details |
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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:
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Offerings Covered |
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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) |