Warehousing and Storage Market to Reach US$ 533.4 Billion by 2024 - IMARC Group

Global Warehousing and Storage Market Research Report, Growth and Outlook By 2024

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Report Description and Highlights

Report Description

Warehousing and Storage Market Report By Ownership (Private Warehouses, Public Warehouses and Bonded Warehouses), End-Use (Manufacturing, Consumer Goods, Retail, Food & Beverage, IT Hardware, Healthcare, Chemicals and Others), Types of Warehouses, Region The global warehousing and storage market has witnessed stable growth over the past few years. This can be attributed to the development of state-of-the-art warehouses, increasing trend of outsourcing warehousing activities and the rising consumption of frozen food products.

Market Overview: According to the latest report by IMARC Group, titled “Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global warehousing and storage market size reached US$ 397.3 Billion in 2018. A warehouse refers to a storage space that is used for stocking finished and semi-finished goods, raw materials, and import and export products.

Warehousing and storage services help manufacturers in protecting the goods from pests and insects as well as ensuring a smooth flow of production and distribution activities. At present, the demand for these services is experiencing a rise on account of factors such as the evolving e-commerce sector, the growing popularity of frozen food items and the emerging trend of outsourcing warehousing services.

Report Description and Highlights

Report Description

Global Warehousing and Storage Market Trends: Governments of various countries as taking initiatives to develop state-of-the-art warehouses that are embedded with the latest features such as Web Map Service (WMS) capabilities for expiration date tracking, barcode scanning, cycle counting and improved inventory management. Apart from this, the growing agriculture industry is creating a significant demand for improved storage and warehousing facilities for reducing damage caused to perishable food products such as fruits and vegetables.

Moreover, numerous manufacturing and distribution centers across the globe are employing automated storage and retrieval systems to avoid operational and logistical challenges. Looking forward, the market is expected to grow at a CAGR of 4.9% during 2019-2024, reaching a value of US$ 533.4 Billion by 2024.

Warehousing and Storage Market Segmentation: Market Segmentation by Ownership o Private Warehouses o Public Warehouses Request for a sample https://www.imarcgroup.com/warehousing-and-storage-market/requestsample

report:

Market Forecast

Sample Figure: Global: Warehousing and Storage Market Forecast: Sales Value (in Billion US$), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description •

Bonded Warehouses

Based on the ownership, the market has been segregated into private, public and bonded warehouses.

Amongst these, private ownership of warehouses represents the largest segment.

Market Segmentation by End-Use • • • • • • • •

Manufacturing Consumer Goods Retail Food and Beverage IT Hardware Healthcare Chemicals Others

On the basis of the end use, the market has been categorized as manufacturing, consumer goods, retail, food and beverage, IT hardware, healthcare and chemicals. Currently, these services are majorly used in the manufacturing industry.

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Market Segmentation

Report Description Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On a regional basis, Asia Pacific represents the biggest market, holding the majority of the total market share. This can be attributed to several initiatives taken by governments in the region for better warehousing facilities in terms of technology, infrastructure and taxation policies. Other major regions include North America, Europe, Middle East and Africa, and Latin America.

Market Segmentation by Types of Warehouses • • •

General Warehousing and Storage Refrigerated Warehousing and Storage Farm Product Warehousing and Storage

The market has been segmented on the basis of the type of warehouses into general, refrigerated and farm product. Amongst these, general warehousing and storage is the most popular type.

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • • •

APL Logistics DHL Genco Shipping and Trading Kuehne + Nagel International AG UPS

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Report Description and Highlights

Report Description

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