Global Warehousing And Storage Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
11 Feb, 2021
The warehousing and storage market consists of sales of warehousing and storage services and related goods by entities (organizations, sole traders and partnerships) that operate warehousing and storage facilities for bonded merchandise, general merchandise, refrigerated goods and other warehouse products. Establishments in the warehousing and storage industry generally handle goods in containers such as boxes, barrels, and/or drums, using equipment such as forklifts, pallets, and racks. They are not specialized in handling bulk products of any particular type, size, or quantity of goods or products.
Global Warehousing And Storage Market Size And Drivers:
The global warehousing and storage market is expected to grow from $426. billion in 2020 to $447.6 billion in 2021 at a compound annual growth rate (CAGR) of 4.%. The market is expected to reach $627.5 billion in 2025 at a CAGR of 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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Trends In The Global Warehousing And Storage Market
Many warehousing and storage companies are using big data analytics as a tool to plan and optimize warehouse operations. Big data analytics refers to the process of examining large sets of data to obtain useful information such as hidden patterns, market trends, unknown correlations and customer preferences. Big data analyses the location, capacity and flexibility of warehouses to predict customer requirements. It helps in improving warehouse planning and replenishment and creating lean supply chains with sophisticated inventory systems. This maximizes workflow, improves floor utilization and increases operational efficiencies and ROI.
Global Warehousing And Storage Market Segments:
The global warehousing and storage market is further segmented based on type, end-use and geography.
By Type: General Warehousing And Storage, Refrigerated Warehousing And Storage, Specialized Warehousing And Storage, Farm Product Warehousing and Storage.
By End-Use: Retail Industry, Manufacturing Industry, Consumer Goods Industry, Food & Beverage Industry, Healthcare Industry, Others.
Subsegments Covered: Cold Storage, Frozen Storage, Automobile Dead Storage, Bulk Petroleum And Chemical Storage, Document Storage And Warehousing, Whiskey Warehousing, Other Specialized Warehousing And Storage.
By Geography: The global warehousing and storage market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global warehousing and storage market, accounting for 33% of the total market.
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Warehousing And Storage Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides warehousing and storage market overviews, analyzes and forecasts market size and growth for the global warehousing and storage market, warehousing and storage market share, warehousing and storage market players, warehousing and storage market segments and geographies, warehousing and storage market’s leading competitors’ revenues, profiles and market shares. The warehousing and storage market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.