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Storage And Warehouse Leasing Global Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand and Forecast 2024-2033
Storage And Warehouse Leasing Global Market
The storage and warehouse leasing market size is expected to see strong growth in the next few years. It will grow to $95.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to growing demand for below applications around the world, rising demand for e-commerce, increasing demand for third-party logistics, growing demand for pharmaceuticals, increasing demand for food and beverage. Major trends in the forecast period include increasing adoption of automation and robotics, growing demand for sustainable warehousing, increasing use of big data analytics, growing popularity of multi-story warehouses, increasing use of cloud-based warehouse management systems.
Market Overview -
Storage and warehouse leasing refers to renting or leasing storage and warehouse facilities to businesses and individuals. It involves the temporary or long-term rental of physical spaces designed to store a wide range of goods and products.
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Growing Need For Warehousing And Storage Services Drives Growth In The Storage And Warehouse Leasing Market
The increase in demand for warehousing and storage services is expected to propel the growth of the storage and warehouse leasing market going forward. Warehousing and storage services refer to the business activities involved in storing, handling, and managing goods and products for clients or businesses. Storage and warehouse leasing provide corporations with flexible and scalable storage solutions, optimizing inventory management and freeing up capital and resources for core operations. For instance, in April 2023, according to the Office for National Statistics, a UK-based government department, warehousing, and storage services increased from a 111.60 index value in 2020 to a 124.48 index value in 2021. Therefore, increasing demand for warehousing and storage services drives the storage and warehouse leasing market.
Competitive Landscape -
Major companies operating in the storage and warehouse leasing market report are DHL Supply Chain, CEVA Logistics, Brookfield Business Partners LP, CBRE Group Inc., Ryder System Inc, XPO Logistics Inc, Prologis Inc., Colliers International Group Inc., Public Storage Inc., Agility Public Warehousing Company K.S.C.P., Extra Space Storage Inc., CubeSmart L.P., Life Storage Inc., Kenco Group, SEKO Logistics, Global Logistic Properties (GLP), Radius Commercial Real Estate, Lee & Associates Inc., Storage Asset Management, StorageMart, Central Storage And Warehouse Co, HSA Commercial Real Estate, Geodis (North America), American Warehouses Ltd., Adwise Realty LLP, Avison Young.
Geekplus Unveils Sky-Storage & Ground-Pick System, Transforming Storage And Warehouse Leasing With Advanced Technology
Technological advancements are a key trend gaining popularity in the storage and warehouse leasing market. Major companies operating in the storage and warehouse leasing market are focused on using technologies to meet operational efficiencies and sustain their position in the market. For instance, in April 2022, Beijing Geekplus Technology Co. Ltd., a China-based technology company, introduced Sky-Storage & Ground-Pick, a multilevel storage and retrieval system. It is a four-way shuttle warehouse storage and pickup solution that boosts storage density while devoting the ground floor to picking operations entrusted to the flagship P800 robots. This solution can transform the largest warehouses into dense and highly efficient storage and distribution facilities.
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Key Segments -
The storage and warehouse leasing market covered in this report is segmented -
1) By Type: Non-Climate Controlled Storage, Climate Controlled Storage
2) By Lease Duration: Short-Term Leasing, Long-Term Leasing
3) By Application: Retail, Manufacturing, Food Industry, E-Commerce, Pharmaceuticals, Automotive, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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