The warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $1062.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing e-commerce industry, growing population, growth of the industrial sector will drive the growth. Major trends in the forecast period include adoption of new technologies such as drone technology for real- time inventory tracking, focus on warehouse automation, focus on warehouse management systems (wms) are used to manage warehouse operations, including inventory management, order fulfillment and labor management, focus on facility expansions, launching smart warehouse technology, focus on mergers and acquisitions.
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Segmentation & Regional Insights
The warehousing and storage market covered in this report is segmented –
1) By Type: General Warehousing And Storage, Refrigerated Warehousing And Storage, Specialized Warehousing And Storage, Farm Product Warehousing And Storage
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses, Cooperative Warehouses
3) By End-Use: Retail Industry, Manufacturing Industry, Consumer Goods Industry, Food And Beverages Industry, Healthcare Industry, E-Commerce, Other End Use
Sub segments: Cold Storage, Frozen Storage, Automobile Dead Storage, Bulk Petroleum And Chemical Storage, Document Storage And Warehousing, Whiskey Warehousing, Other Specialized Warehousing And Storage
Asia-Pacific was the largest region in the warehousing and storage market in 2023. North America was the second largest region in the warehousing and storage market. The regions covered in the warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growing demand for refrigerated warehousing and storage is expected to propel the growth of the warehousing and storage market going forward. Refrigerated warehousing and storage refer to facilities or buildings equipped with specialized cooling or refrigeration systems designed to maintain low temperatures. Refrigerated warehousing and storage enhances the warehousing process by accommodating temperature-sensitive goods, broadening the client base, and adhering to stricter regulations. For instance, in July 2022, according to the Cold Chain Federation, a UK-based association, the cold storage capacity in the UK surpassed 40 million cubic meters, showing a 10% increase compared to the levels in 2021. Additionally, the cold storage sector’s electricity costs have grown from $676 million in 2021 to an estimated $1.33 billion in 2022. Therefore, the growing demand for refrigerated warehousing and storage is driving the growth of the warehousing and storage market.
Key Industry Players
Major companies operating in the warehousing and storage market report are Deutsche Post DHL Group, GXO Logistics Inc., Kuehne + Nagel International AG, Geodis Group, DSV A/S, Cold Storage Management Services (Pty) Ltd, ARCOSA, Docustore Cc, Storall, Nippon Express, GLS Parcel Service, Lidl Great Britain Limited, DB Schenker, Brasfrigo S/A, Mitsubishi Logistics, Combi Logistics, Ryder System Inc., Ukr Trading FZ LLC, GMK Logistics, INDU Logistics, Aldi Stores Limited, Martini Meat S.A. Armazens Gerais, Frialsa, Amazon France Logistique, Sozo Logistics (Pty) Ltd, CJ Logistics, Green Africa Container Depots (Pty) Ltd, Central Consumable Services Cc, LODI, Agility Logistics, Qualianz,, Dubai CommerCity, Freedom warehousing and solutions, Bina Global Transport, Verks Global Logistics (VGL), Friozem Armazens Frigorificos Ltda, Fukuyama Transporting Co, Sysco EastTexas Llc, DH warehousing & fulfillment Ltd, G&S Logistics, Ryder Supply Chain Solutions, N B Refrigeration Ice And Cold Storage, AmeriCold Logistics LLC, Belleair Storage, BSC Logistics, Arfrio Armazens Gerais Friogorificos, Yidolls, Exotec, Lagermax Lagerhaus und Speditions AG, Ridge Logistics, Yusen Logistics, Supply Chain Services, Al-Futtaim Logistics, ProConnect Integrated Logistics, CEVA Logistics, Envoy Networks Prep partners group, Isewan Terminal Service, Superfrio Armazens Gerais Ltda, Comfrio
The warehousing and storage market report table of contents includes:
1. Executive Summary
2. Warehousing And Storage Market Characteristics
3. Warehousing And Storage Product/Service Analysis -Product/Service Examples
4. Warehousing And Storage Market Trends And Strategies
5. Warehousing And Storage Market – Macro Economic Scenario
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67. Warehousing And Storage Market Other Major And Innovative Companies
68. Global Warehousing And Storage Market Competitive Benchmarking
69. Global Warehousing And Storage Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Warehousing And Storage Market
72. Appendix
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