IMARC Group has recently released a new research study titled “Warehousing and Storage Market Report by Type of Warehouses (General Warehousing and Storage, Refrigerated Warehousing and Storage, Farm Product Warehousing and Storage), Ownership (Private Warehouses, Public Warehouses, Bonded Warehouses), End-Use (Manufacturing, Consumer Goods, Retail, Food and Beverage, IT Hardware, Healthcare, Chemicals, and Others), and Region 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the warehousing and storage market?
The global warehousing and storage market size reached US$ 477.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 634.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.72% during 2023-2028.
What is warehousing and storage?
Warehousing and storage refer to the process and facilities used to store goods and materials before they are sold or further distributed. Warehouses are large buildings typically located in industrial areas, designed to efficiently handle, and store a wide variety of items, ranging from raw materials and components to finished products. The key functions of warehousing include the safekeeping of goods, managing inventory, and facilitating the logistics of supply chains. Warehouses are equipped with different storage systems, like shelving, pallet racks, and bins, tailored to the types of products they hold.
Some warehouses are specially designed to store perishable goods under controlled temperatures, known as cold storage. Modern warehousing involves sophisticated systems for inventory management and order fulfillment. This includes the use of Warehouse Management Systems (WMS), barcode scanners, and automated systems like robotic picking and conveyor belts. These technologies enhance efficiency, accuracy, and speed in handling goods.
Storage services can vary from short-term to long-term, catering to different business needs. E-commerce businesses, for instance, rely heavily on warehousing for the storage and distribution of their products.
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Warehousing and Storage Market Demand, Trends and Growth Drivers:
The rapid growth of e-commerce represents one of the key factors driving the growth of the market across the globe. Online retail demands efficient warehousing solutions for storing and managing a vast range of products, and for processing orders quickly and accurately. As businesses expand globally, they require extensive warehousing networks to store and distribute products across various regions. This need for strategic logistics support fuels the warehousing market. The integration of advanced technologies like Warehouse Management Systems (WMS), automation, robotics, and AI in warehousing operations enhances efficiency and accuracy in inventory management and order fulfillment, which is attracting more businesses to modern warehousing solutions.
The increasing consumer expectation for fast and reliable delivery of products is fueling the growth of the market. Efficient warehousing plays a critical role in meeting these expectations, particularly in fulfilling same-day or next-day delivery promises. Increasing urbanization and the consequent growth in retail demand are prompting businesses to invest in warehousing and storage facilities closer to urban centers to reduce delivery times and costs. Companies are focusing on optimizing their inventory and logistics operations to reduce costs and increase efficiency. Effective warehousing solutions are essential for achieving these objectives.
The rise of 3PL providers, who offer warehousing and distribution services, is making it easier for businesses, especially small and medium-sized enterprises, to access advanced warehousing facilities without heavy investments. Businesses seek flexible and scalable warehousing solutions that adapt to seasonal demand fluctuations, which drive innovation and growth in the warehousing sector. The increasing demand for perishable goods, pharmaceuticals, and other temperature-sensitive products is boosting the market for cold storage warehousing.
Governments worldwide are investing in infrastructure development, including transport and logistics networks, which directly benefit the warehousing industry. There is an increasing focus on sustainable practices in warehousing, including energy-efficient buildings and reduced carbon footprints, which is shaping new investments in the sector.
Warehousing and Storage Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the warehousing and storage market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
Who are the key players operating in the warehousing and storage industry?
- AP Moller Maersk AS
- Aramex International LLC
- H. Robinson Worldwide Inc
- CEVA Logistics (CMA CGM Group)
- Deutsche Post DHL Group
- DSV A/S
- FedEx Corporation
- Kuehne Nagel International AG
- Mitsubishi Logistics Corporation
- United Parcel Service Inc
Read Blog: Top 10 Warehousing and Storage Companies: https://www.imarcgroup.com/top-warehousing-and-storage-companies
What Is Included In Market Segmentation?
The report has segmented the market into the following categories.
Breakup by Type of Warehouses:
- General Warehousing and Storage
- Refrigerated Warehousing and Storage
- Farm Product Warehousing and Storage
Breakup by Ownership:
- Private Warehouses
- Public Warehouses
- Bonded Warehouses
Breakup by End-Use:
- Manufacturing
- Consumer Goods
- Retail
- Food and Beverage
- IT Hardware
- Healthcare
- Chemicals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=1133&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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