General Warehousing and Storage includes establishments operating merchandize warehousing and storage facilities. It includes bonded warehousing, private warehousing and general merchandize warehousing and storage. General Warehouse and storage companies’ revenues are derived from the payments made by customers, which are based on the volume/weight of the goods stored and the duration of the storage period.
General Warehousing and Storage Global Market Size
The global general warehousing and storage market was valued at $300.4 billion in 2017. North America was the largest geographic region accounting for $83.27 billion or 27.72% of the global market. USA was the largest country accounting for $63.23 billion or 21.05% of the global general warehousing and storage market.
General Warehousing and Storage Global Market Trend
Mobile technologies has gained popularity among warehouse owners as it help them to perform and track warehouse operations, reduce time consumption and manpower. Mobile technology includes tablets, smartphones, and other handheld devices for communication and information. These devices make use of GPS, RFID, VoIP, digital imaging and voice technology for equipment status, performance and track warehouse operations. These technology also provides hands-free operations and faster data entry.
The companies covered are DHL, Kuehne + Nagel, Americold, CEVA Logistics, and Panalpina.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
General Warehousing and Storage Global Market Segmentation
The general warehousing and storage market is segmented into Bonded Warehousing; Private Warehousing And Storage; and Warehousing (Including Foreign Trade Zones).
Bonded Warehousing includes establishments operating merchandize warehousing and storage facilities in a secured area. Goods stored in such a secured area are usually the dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty for up to five years from the date of importation.
Private Warehousing And Storage is a storage facility that is mostly owned by big companies or single manufacturing units. It is also known as proprietary warehousing and can be operated as a separate division within a company. The private warehousing can be done on on-site and off-site basis and serves as fixed corporate investment in land, building and equipment.
Warehousing includes establishments operating merchandize warehousing facilities including foreign trade zones.