Market Size of United Kingdom Same Day Delivery Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 4.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
UK Same Day Delivery Market Analysis
The United Kingdom Same Day Delivery Market is expected to grow at a CAGR of more than 4.5% during the forecast period (2022 -2027). Because of the COVID-19, logistics has faced unprecedented challenges, both in terms of keeping the UK economy supplied with all of the goods it requires, as well as dealing with increased staffing disruptions caused by sickness and self-isolation, as well as concerns about the viability of their businesses. According to industry reports, the COVID-19 lockout has resulted in a rapid increase of fleet service digitization. The abrupt and widespread switch to working from home that has been triggered by lockdown has fuelled much of this trend.
In 2021, the UK's exports of goods and services totalled GBP 619 billion and imports totalled GBP 648 billion. The EU accounted for 42% of UK exports of goods and services and 50% of imports in 2020. The UK generally imports more than it exports meaning that it runs a trade deficit. A deficit of GBP 156 billion on trade in goods was offset by a surplus of GBP 127 billion on trade in services in 2021. The overall trade deficit was GBP 29 billion in 2021.
Even though e-commerce platforms have been around for a long time, they have only recently gained mainstream notice. In order to stay up with the rest of the globe, the expansion of internet shopping in the UK has been phenomenal. The spread of the pandemic is one of the main reasons why e-commerce has become so popular. Due to the pandemic, shoppers were unable to visit retail stores in person, leaving e-commerce as their sole choice. Click and collect is quickly rising in popularity in the UK since merchants do not charge a delivery fee for click and collect services. Click and collect offers a convenient shopping option for shoppers who want the best of both worlds. Consumers in the United Kingdom are buying more things online than ever before, and by the end of 2021, online sales will account for nearly a third of all retail spending (30.2%). Many multi-channel businesses purchased warehouses to support both their online and brick-and-mortar retail networks. Logistics companies also bought a lot of space in 2021, accounting for 13.6 million square feet, or 22% of the total.
UK Same Day Delivery Industry Segmentation
The same-day delivery market is where the order gets shipped on the same day or delivered to the customer within 24 hours. A complete assessment of the United Kingdom Same Day Delivery Market includes an assessment of the economy market overview, market size estimation for key segments, and emerging trends in the market segments in the report. The report sheds a light on the market trends like growth factors, restraints, and opportunities in this sector. The competitive landscape of the United Kingdom Same Day Delivery Market` is depicted through the profiles of active key players. The report also covers the impact of COVID - 19 on the market and the future projections.
The United Kingdom's same-day delivery market is segmented by Type (B2B and B2C). For each segment, the market sizing and forecasts have been done on the basis of value (USD billion).
By Type | |
B2B (Business to Business) | |
B2C (Business to Consumers) |
United Kingdom Same Day Delivery Market Size Summary
The United Kingdom's same-day delivery market is experiencing significant growth, driven by the rapid expansion of e-commerce and changing consumer expectations. The pandemic has accelerated the shift towards online shopping, with many consumers now prioritizing quick delivery options. This shift has led to a rise in demand for same-day delivery services, as more than half of UK consumers now consider it an important feature. The market is characterized by a high level of fragmentation, with major players like Royal Mail, DHL Supply Chain, and CEVA Logistics offering services primarily in urban areas, while companies like Amazon and Argos provide national coverage. Technological advancements have played a crucial role in enhancing delivery speed and efficiency, with improved tracking systems and inventory management solutions becoming increasingly prevalent.
The market's growth is also fueled by the pharmaceutical sector's need for rapid logistics solutions, particularly for temperature-sensitive medications and COVID-19 related supplies. The UK's position as a leading e-commerce market globally has further bolstered the demand for same-day delivery services, with significant contributions from major online retailers. The logistics industry has responded by expanding its infrastructure and capabilities, with companies investing in warehouses and technology to support both online and traditional retail networks. As consumer expectations continue to rise, the same-day delivery market in the UK is poised for continued expansion, with ongoing investments and innovations shaping its future landscape.
United Kingdom Same Day Delivery Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Current Market Scenario
-
1.2 Market Dynamics
-
1.2.1 Drivers
-
1.2.2 Restraints
-
1.2.3 Opportunities
-
-
1.3 Value Chain/Supply Chain Analysis
-
1.4 Government Initiatives and Regulations
-
1.5 Insights into Cold Chain Deliveries
-
1.6 Technological Developments in the Logistics Sector
-
1.7 Industry Attractiveness - Porter's Five Forces Analysis
-
1.8 Spotlight on Last-mile Delivery Market
-
1.9 Insights into Type of Services (Regular, Priority, and Express) in the Market
-
1.10 Insights into Warehousing and Distribution Centers
-
1.11 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 B2B (Business to Business)
-
2.1.2 B2C (Business to Consumers)
-
-
United Kingdom Same Day Delivery Market Size FAQs
What is the current United Kingdom Same Day Delivery Market size?
The United Kingdom Same Day Delivery Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in United Kingdom Same Day Delivery Market?
Royal Mail, DHL Supply Chain, CEVA Logistics, Translink and TNT Express are the major companies operating in the United Kingdom Same Day Delivery Market.