Market Research Report
UK E-Commerce Logistics Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||922255|
Delivery time: 2-3 business days
|UK E-Commerce Logistics Market 2019-2025|
|Published: January 13, 2020||Content info:||
UK e-commerce logistics market is estimated to grow significantly at a CAGR of around 9.6% during the forecast period. There exists a high penetration of the internet in the country; almost 95% of the country's population uses the internet on a daily basis. Moreover, in 2018, UK ranked 7th out of 86 countries in the global inclusive internet index which depicts the easy affordability, availability, and relevance for internet users in the country. In the same year, the country ranked 8th in the logistics performance index which signifies the dominance of the logistics industry in the country providing a wide scope for the e-commerce logistics market. As per Eurostat 2018, over 81% of the total shoppers were e-shoppers in UK. Easy access to the internet, increasing online shopping trends and growing e-commerce logistics industry are some of the key contributors to the growth of the e-commerce logistics market in UK.
A cooperative e-commerce environment in the country aids in the development of the e-commerce logistics market in the country. As in September 2018, Amazon had launched its latest e-commerce endeavors; Amazon Storefronts, which is a new store for the customer to shop from small and medium-sized businesses that sell on Amazon and learn more about them through videos and stories. In the same month, HubBox, which runs a network of shops that operate as parcel collection points across UK, added 2,000 extra click-&-collect locations on top of its 4,500 current collect points in UK. In 2018, over 27.4% of all the consumers had signed up to subscription box services, with over half of people aged 25-34 years have signed up to at least one.
The companies which are contributing to the growth of the UK e-commerce logistics market include DHL International GmbH, Parcelhub Ltd., United Parcel Service, Inc., Yusen Logistics Group, and 3P Logistics Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in June 2019, Aldi, one of the UK's fastest-growing supermarket has extended its partnership with iForce for the future growth of its online platform for non-food products. iForce partnered with Aldi in 2015 for supporting the launch of its eCommerce platform for non-food Special buys and wine products. With the extension of the partnership, iForce can look at developing Aldi's online proposition to grow its market share across UK.
The market study of the UK e-commerce logistics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report is intended for e-commerce logistic service providers, traditional logistics providers, potential entrants, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.