Transportation - United Kingdom

  • United Kingdom
  • Value added in the Transportation market is projected to amount to US$100.60bn in 2024.
  • Transportation intensity in the United Kingdom is projected to amount to 0.0600TKM/GDP.
  • Volume of goods transported in the Transportation market is projected to amount to 199.20bn TKM in 2024.

Key regions: United States, Brazil, Germany, China, India

 
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Analyst Opinion

The Transportation market is significant as it is vital to global supply chains, facilitating the efficient movement of goods and materials between businesses. The market contributes to economic growth and competitiveness and is an integral part of international trade, supporting the exchange of goods. It also plays a crucial role in the development and maintenance of transportation infrastructure.

The Transportation market faces various challenges, including supply chain disruptions due to geopolitical conflicts and natural disasters, which can lead to delays and increased costs; regulatory compliance and safety standards; constantly evolving customer expectations; and emerging technologies that require ongoing investment in digitalization and sustainable transportation solutions.

The Transportation market has experienced significant growth in demand for e-commerce and supply chain logistics, driven by changes in consumer behavior and the rise of online shopping. This was clearly observed during the COVID-19 pandemic. The freight transportation and e-commerce logistics sectors experienced increased demand as businesses adapted to new distribution patterns. In addition, the pandemic had a significant impact on the Transportation market as it led to disruptions in global supply chains and shifts in transportation priorities.

Recent events such as the war in Ukraine have also had a significant impact on the Transportation market, disrupting key trade routes and causing delays and increased costs for businesses that rely on connections between Eastern and Western Europe. The conflict has created geopolitical uncertainty, affecting investment and supply chain decisions.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on the activities of the Transportation market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting transportation activity due to the non-linear growth of this market

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Overview

  • Value Added
  • Freight
  • Transportation Intensity
  • Transportation Emissions
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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