The warehousing and storage industry includes establishments operating warehousing and storage facilities for general merchandize, refrigerated goods and other warehouse products.
The global warehousing and storage market was valued at around $480 billion in 2017. North America was the largest region in the warehousing and storage market in 2017, accounting for around 28% market share. The USA was the largest country in the warehousing and storage market in 2017, accounting for around 21% market share.
Warehouse operators are now constructing multi-story warehouses in densely populated cities and expensive land spaces. A multi-story warehouse is a warehouse consisting of more than one floor designed to increase the usable floor space per square foot of land. It results in better land utilization rate and enhances operational efficiency. Multi-story warehouses have been successful in densely populated cities predominantly in Asian countries such as China, Japan, Hong Kong and Singapore, due to high land and construction costs, small site areas and limited industrial land availability
The top five companies covered are DHL, UPS, Kuehne + Nagel, CEVA Logistics and Prologis. DHL was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The warehousing and storage market is segmented into general warehousing and storage, specialized warehousing and storage, and refrigerated warehousing and storage.
General warehousing and storage includes establishments operating merchandize warehousing and storage facilities. It includes bonded warehousing, private warehousing and general merchandize warehousing and storage.
Specialized warehousing and storage comprises establishments warehousing and storage facilities for particular categories of goods that need specialized treatment. A main example is farm product bonded warehousing and storage, farm product private warehousing and storage and grain elevators.
Refrigerated warehousing and storage companies operate refrigerated warehousing and storage facilities. These establishments provide services such as blast freezing, tempering and modified atmosphere storage services.
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