What Is The Current and Historic Market Size Analysis Of The General Warehousing And Storage Market?
The general warehousing and storage market has seen considerable growth due to a variety of factors.
• The size of the general warehousing and storage market has seen substantial growth in the past few years. The market, which was valued at $395.41 billion in 2024, is expected to increase to $429.22 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.5%.
This growth in the historical period can be traced back to factors such as increased industrialization and urbanization, the expansion of international trade, the rise of e-commerce and the development of supply chains, the enforcement of regulatory compliance and safety standards, economic growth, and heightened consumerism.
What Are The Predictions for The General Warehousing And Storage Market in the Coming Years?
The general warehousing and storage market is expected to maintain its strong growth trajectory in upcoming years.
• The overall market size of warehousing and storage is predicted to witness significant expansion in the coming years. It is projected to reach $563.09 billion in 2029, advancing at a compound annual growth rate (CAGR) of 7.0%.
The projected escalation during the forecast period is ascribed to factors such as the resilience of the supply chain, implementation of robotics and automation, emphasis on sustainable and eco-friendly warehousing activities, and the implementation of last-mile delivery solutions. Key trends expected during the forecast period comprise the assimilation of advanced technologies, multi-channel distribution hubs, adaptable and scalable warehouse blueprints, and cooperative warehousing models.
Which Drivers Are Accelerating Growth In The General Warehousing And Storage Market?
General warehousing and storage market growth is attributed to factors including macroeconomic fundamentals, such as retail industry, export-import trade, and the industrial production index. The surge in the industrial production index is anticipated to stimulate the progression of the general warehousing and storage market. The industrial production index (IPI) gauges the production levels and capacity across manufacturing, mining, electric, and gas sectors on an annual basis. Warehouses are pivotal in storing finished goods produced by these industries. For instance, China's National Bureau of Statistics reported an increase of 5.10% in industrial production for July 2024, compared to the same month of the previous year. Similarly, India saw a growth of 5.90% in industrial production in May 2024 from the same time the previous year. Consequently, the rise in the industrial production index is a significant driver for the expansion of the general warehousing and storage market.
What Are The Core Segments Of The Global General Warehousing And Storage Market?
The general warehousing and storage market covered in this report is segmented –
1) By Type: Bonded Warehousing, Private Warehousing and Storage, and Warehousing (including foreign trade zones)
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By End User: Manufacturing, Consumer Goods, Retail, Food and Beverages, IT Hardware, Healthcare, Chemicals, Other End Users
Subsegments:
1) By Bonded Warehousing: Customs Bonded Warehousing, Duty-Free Warehousing, Public Bonded Warehousing
2) By Private Warehousing And Storage: On-Site Private Warehousing, Off-Site Private Warehousing, Company-Owned Storage Facilities
3) By Warehousing: Public Warehousing, Foreign Trade Zone Warehousing, Distribution Centers
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What Trends Are Shaping The General Warehousing And Storage Market?
Mobile technology has spiked in popularity among warehouse operators as it aids in streamlining and monitoring warehouse activities, thus minimizing time and workforce requirements. Such technology encompasses tablets, smartphones, and other portable communication and information gadgets. These devices employ GPS, RFID, VoIP, digital imaging, and voice technology to keep tabs on equipment status, performance, and warehouse operations. Moreover, they allow for hands-free operations and quicker data input. For example, in June 2023, a US automation technology firm called IAM Robotics introduced an automated solution named Lumabot that assists warehouses with order fulfillment. Lumabot utilizes the company's latest Meet Me technology to harmonize human and robot operations into a seamless system, essential for warehousing, logistics, and manufacturing operations to boost productivity, reduce operational risk, and expand without increasing staff numbers. Additionally, Lumabot can oversee all tasks of warehouse associates and mobile robots, proving to be a significant enhancement for business growth.
Who Are the Key Players In The General Warehousing And Storage Market?
Major companies operating in the general warehousing and storage market include:
• DHL International GmbH
• Kuehne + Nagel International AG
• Americold Realty Trust Inc.
• CEVA Logistics AG
• Panalpina Welttransport (Holding) AG
• Prologis Inc.
• Lineage Logistics Holdings LLC
• CWT Limited
• XPO Logistics Inc.
• GXO Logistics Inc.
• NFI Industries Inc.
• Ryder System Inc.
• DSV Panalpina A/S
• SSI Schaefer LLC
• Whirlpool Corporation
• Saddle Creek Logistics Services LLC
• APL Logistics Ltd.
• Jacobson Companies Inc.
• Kane Is Able Inc.
• Leggett & Platt Inc.
• Radial Inc.
• GEODIS S.A.
• Rhenus Group
• ID Logistics S.A.
• Fulfillment Centers Inc.
• Verst Group Logistics Inc.
• Symbia Logistics LLC
• Atlanta Bonded Warehouse Corporation
• The Suddath Companies
What Are The Regional Insights Into The General Warehousing And Storage Market?
Asia-Pacific was the largest region in the general warehousing and storage market in 2024. The regions covered in the general warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
