UK Logistical Services Market Report 2021
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The UK Logistical Services report identifies consumer attitudes towards freight and logistics market, freight services, and logistics services market value in the UK. This market report covers the market size, market forecast, market segmentation and industry trends for the Logistical Services market in the UK.
Current Market Landscape
The United Kingdom’s freight and logistics market has faced a severe shortage of HGV drivers in 2021, caused by a mixture of factors including Brexit and the COVID-19 pandemic. In particular, the pandemic has impacted the number of EU and non-EU migrants in the UK, meaning a decline of 14,000 in the number of HGV drivers from the EU in the road freight sector. Additionally, the disruption caused by the pandemic saw drivers leave the sector to work elsewhere.
This shortage or divers has occurred at the same time as other supply issues – capacity still being held back by the pandemic, and, more importantly, a shortage of containers globally has meant that a lack of drivers is amplifying delays further since available containers are being trafficked slower. With the backdrop of riding global demand for logistical services as economies reopen, alongside a shortage of gas in Europe, logistical services have increase drastically in price – particularly for road, port, and air freight which are suffering capacity issues.
Future Market Trends in Logistical Services
The unprecedented high shipping costs are especially affecting SMEs, who are being hit by administrative costs by the new post-Brexit trade regime. With high costs for shipping, businesses have had to reconfigure their supply chains. Some, such as freight forwarders, have found themselves pinched on both sides. However, in some areas and for some goods (particularly food and ecommerce), there has been some reprieve found in rail freight – which offers lower prices and better sustainability.
With the recent announcement of the government’s ‘Plan for Rail’, demand for rail freight is expected to become an increasingly important contributor to the UK logistical services market.
Read on to discover more details or take a look at all of our UK Industry market research.
Brands: CEVA Logistics, DHL Supply Chain, Eddie Stobart, HOYER Petrolog, Kuehne + Nagel, Wincanton Holdings.
This report, written by Francesco Salau, a leading analyst in the B2B Analyst sector, delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The lifting of lockdown restrictions has helped restore activity in the logistical services sector. However, the rapid rise in demand from reopening has outstripped the sector’s supply, as COVID-driven issues create an international shortage of shipping containers as well as a shortage of HGV drivers. Brexit has led to new administration measures, which has added to costs and led to further delays. Despite this, appetite for freighting and rising prices has helped the sector regain some of the ground it lost in 2020.
Francesco Salau
B2B Analyst
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
*databooks not available with UK B2B Industry reports.
Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.