What Has Been the Progress and Growth of the Warehousing And Storage Market in Recent Years?
The warehousing and storage market has seen considerable growth due to a variety of factors.
• The size of the warehousing and storage market has substantially increased over the past few years. The market is anticipated to expand from $798.45 billion in 2024 to $869.32 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%.
Factors contributing to the historic growth include a surge in demand for refrigerated warehousing and a heightened interest in the omnichannel model.
What Are the Future Growth Projections for the Warehousing And Storage Market?
The warehousing and storage market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of warehousing and storage is anticipated to witness substantial growth in the forthcoming years, surging to $1159.66 billion in 2029 with a compound annual growth rate (CAGR) of 7.5%.
The expected growth during the forecast period is credited to factors such as the expansion of the e-commerce industry, rising population, and industrial sector growth. Other significant trends anticipated during this forecast period encompass the implementation of innovative technologies like real-time inventory tracking via drones, concentration on warehouse automation, and the usage of warehouse management systems (WMS) for handling various warehouse operations, such as inventory control, order fulfillment, and labor administration. The market is also focusing on facility enlargements, the introduction of smart warehouse technology, and a keen interest in mergers and acquisitions.
What Are The Core Factors Supporting Growth In Warehousing And Storage Market?
The expansion of the warehousing and storage market is anticipated to be fueled by an increasing need for refrigerated warehousing and storage. This type of storage involves the use of specific cooling or refrigeration systems in structures or facilities to keep temperatures low. By housing temperature-sensitive items, expanding their customer range, and complying with tighter rules, refrigerated warehousing and storage boosts the warehousing process. For example, records from the Cold Chain Federation, an association based in the UK, reveal that the country's cold storage capacity exceeded 40 million cubic meters in July 2022, indicating a 10% rise from 2021. Furthermore, the power costs for the cold storage sector have risen from $676 million in 2021 to a projected $1.33 billion in 2022. Hence, the increased demand for refrigerated warehousing and storage is fueling the progression of the warehousing and storage market.
What Are The Major Segments Within The Warehousing And Storage Market?
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
Subsegments:
1) By General Warehousing And Storage: Ambient Storage, Bulk Storage, Public Warehousing, Private Warehousing, Refrigerated Warehousing and Storage
2) By Refrigerated Warehousing And Storage: Frozen Storage, Chilled Storage, Cold Chain Storage
3) By Specialized Warehousing And Storage: Hazardous Material Storage, High-Value Item Storage, Bonded Warehousing
4) By Farm Product Warehousing And Storage: Grain Storage, Livestock Feed Storage, Produce Storage, Seed Storage
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Which Trends Are Expected To Transform The Warehousing And Storage Market?
Key players in the warehousing and storage sector are concentrating efforts on the launch of plug-and-play warehouse automation systems in order to gain a unique standing in the market. A plug-and-play warehouse automation system constitutes a ready-made, prearranged automation solution that enhances and simplifies a range of warehouse operations and procedures without the necessity for comprehensive personalization or amalgamation. For example, in January 2023, AutoStore Holdings, an automation firm from Norway, introduced AutoStore Pio, an easy-to-install warehouse automation system engineered for the benefit of small to medium scale businesses. The system employs AutoStore's Cube Storage technology which utilizes a robotic grid to maneuver goods bins within a warehouse. Specifically designed for retailers selling apparel, sporting items, crafts, and cosmetics, the innovative pay-per-pick application of AutoStore cube storage technology is integrated within Pio.
Who Are the Key Players in the Warehousing And Storage Market?
Major companies operating in the warehousing and storage market include:
• Deutsche Post DHL Group
• GXO Logistics Inc.
• Kuehne + Nagel International AG
• Geodis Group
• DSV A/S
• Cold Storage Management Services (Pty) Ltd
• 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
• 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
What Is The Most Dominant Region In The Warehousing And Storage Market?
Asia-Pacific was the largest region in the warehousing and storage market in 2024. 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
