Market Research Reports - Ken Research UK Cargo Handling and Warehousing Ports | Page 2

a paper-free environment; well utilizing the innovations in technology with white boards and handheld tablets which are expected to result in optimum, efficient and safe transportation of cargo. In the years to come, the UK government is projected to have plans of making significant upgrades to the country’s infrastructure and thereby this industry’s turnover is all set to prosper at somewhere around 11% CAGR by 2021 (depicting a massive development of the industry) mainly because of the robust growth in country’s tourism as well as logistics sectors which form the backbone of the cargo handling and warehousing industry. As far as the travel industry in UK is concerned, it has been observed that the travel agencies have witnessed dwindling of total revenues in 2017 owing to the shriveling consumer confidence coupled with a weaker pound rate. However, this sluggishly moving trend scenario is anticipated to accelerate, driven by the emerging concept of internet retailing along with huge investments being done in airports and ports infrastructure of the country. Looking from the latest perspectives of various nations globally; travel and tourism are being treated as the most important activities as they have a direct impact on the holistic economic growth of a nation further having a support of booming employment opportunities which ensure that many economic hurdles have been dealt with and thereby, this industry in UK is expected to blossom as the years roll by. To know more about the research report: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and- shipping/cargo-handling-warehousing-travel-agencies-united-kingdom-isic-63/144446- 100.html Related Reports: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and- shipping/vietnam-3pl-market/145653-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and- shipping/china-cold-chain-market/145655-100.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications [email protected]