Market Trends of United Kingdom Same Day Delivery Industry
This section covers the major market trends shaping the UK Same Day Delivery Market according to our research experts:
Demand from Pharmaceuticals and Healthcare Driving the Market
The short-term impact of COVID-19 on the market is the crucial factor for pharmaceutical logistics' fast-paced growth across the globe. Amid the pandemic, governments around the world are emphasizing on healthcare facilities and ample medicinal supply for the patients. Research and development for COVID-19 treatments has also boosted the same day delivery, since many of the components needed for this process require secure cold chain solutions.
In addition to the related needs of biologics and other temperature-sensitive medications, changes in consumer lifestyles that have increased the demand for temperature-sensitive protein and nutritional supplements are contributing factors. The pharmaceutical industry will be facing challenges in terms of risk of drug shortages. Major drugmakers such as Bayer, Novartis, AstraZeneca and GSK have all taken contingency steps to secure their supply.
UK health tech company that offers same-day prescription medicine delivery in London and next day delivery throughout the UK, in 2021 Pharmacierge has announced it has raised GBP 1.25 million from a number of leading clinicians and angel investors.
E-commerce Driving the Market:
Digitization has completely changed the way UK consumers shop. Currently, the UK is the fourth largest e-commerce market in the world. With its 27% growth, the UK e-commerce market has significantly contributed to the global growth rate of the industry. The biggest player in the UK e-commerce market is amazon.co.uk (Amazon.com, Inc. is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence). The online store achieved USD 14.7 billion in sales in 2020. It is followed by tesco.com with USD 7.6 billion in sales, and argos.co.uk with a turnover of 5.4 billion US dollars. In total, the top three stores account for 25% of UK online sales.
More than half of Brits think same-day delivery is 'important', following a significant change in shopper's attitudes towards the service over the past two years. The news that most Brits now expect same-day deliveries has been revealed by ParcelHero. A recent consumer survey by the home delivery expert showed that while 33% of online shoppers believed that same-day delivery options were important back in 2020, that figure has now risen to 56%. The pandemic has forced many consumers to shop online more frequently, boosting the share of online sales from 19% of the overall retail market in February 2020 to 30% of all sales today. As a result, shoppers' expectations have risen dramatically.
