Warehousing And Storage: Global Market Analysis and Growth Opportunities

The warehousing and storage market size has grown strongly in recent years. It will grow from $724.47 billion in 2023 to $783.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to growing demand for refrigerates warehousing, increased demand for omnichannel model..

The warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $1062.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing e-commerce industry, growing population, growth of the industrial sector will drive the growth.. Major trends in the forecast period include adoption of new technologies such as drone technology for real- time inventory tracking, focus on warehouse automation, focus on warehouse management systems (wms) are used to manage warehouse operations, including inventory management, order fulfillment and labor management, focus on facility expansions, launching smart warehouse technology, focus on mergers and acquisitions..

Market Overview -
Warehousing and storage refer to the act of storing items that will be sold or distributed later as well as the act of storing physical commodities or inventory in a warehouse and storage facilities for bonded merchandise, general merchandise, refrigerated goods, and other warehouse products.

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Growing Demand For Refrigerated Warehousing To Drive Warehousing And Storage Market Growth
Growing demand for refrigerated warehousing and storage is expected to propel the growth of the warehousing and storage market going forward. Refrigerated warehousing and storage refer to facilities or buildings equipped with specialized cooling or refrigeration systems designed to maintain low temperatures. Refrigerated warehousing and storage enhances the warehousing process by accommodating temperature-sensitive goods, broadening the client base, and adhering to stricter regulations. For instance, in July 2022, according to the Cold Chain Federation, a UK-based association, the cold storage capacity in the UK surpassed 40 million cubic meters, showing a 10% increase compared to the levels in 2021. Additionally, the cold storage sector's electricity costs have grown from $676 million in 2021 to an estimated $1.33 billion in 2022. Therefore, the growing demand for refrigerated warehousing and storage is driving the growth of the warehousing and storage market.

Competitive Landscape -
Major companies operating in the warehousing and storage market report are Deutsche Post DHL Group, GXO Logistics Inc., Kuehne + Nagel International AG, Geodis Group, DSV A/S, Cold Storage Management Services (Pty) Ltd, ARCOSA, Docustore Cc, Storall, Nippon Express, GLS Parcel Service, Lidl Great Britain Limited, DB Schenker, Brasfrigo S/A, Mitsubishi Logistics, Combi Logistics, Ryder System Inc., Ukr Trading FZ LLC, GMK Logistics, INDU Logistics, Aldi Stores Limited, Martini Meat S.A. Armazens Gerais, Frialsa, Amazon France Logistique, Sozo Logistics (Pty) Ltd, CJ Logistics, Green Africa Container Depots (Pty) Ltd, Central Consumable Services Cc, LODI, Agility Logistics, Qualianz,, Dubai CommerCity, Freedom warehousing and solutions, Bina Global Transport, Verks Global Logistics (VGL), Friozem Armazens Frigorificos Ltda, Fukuyama Transporting Co, Sysco EastTexas Llc, DH warehousing & fulfillment Ltd, G&S Logistics, Ryder Supply Chain Solutions, N B Refrigeration Ice And Cold Storage, AmeriCold Logistics LLC, Belleair Storage, BSC Logistics, Arfrio Armazens Gerais Friogorificos, Yidolls, Exotec, Lagermax Lagerhaus und Speditions AG, Ridge Logistics, Yusen Logistics, Supply Chain Services, Al-Futtaim Logistics, ProConnect Integrated Logistics, CEVA Logistics, Envoy Networks Prep partners group, Isewan Terminal Service, Superfrio Armazens Gerais Ltda, Comfrio

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Key Segments -

The warehousing and storage market covered in this report is segmented -

1) By Type: General Warehousing And Storage, Refrigerated Warehousing And Storage, Specialized Warehousing And Storage, Farm Product Warehousing And Storage
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses, Cooperative Warehouses
3) By End-Use: Retail Industry, Manufacturing Industry, Consumer Goods Industry, Food And Beverages Industry, Healthcare Industry, E-Commerce, Other End Use

Sub segments: Cold Storage, Frozen Storage, Automobile Dead Storage, Bulk Petroleum And Chemical Storage, Document Storage And Warehousing, Whiskey Warehousing, Other Specialized Warehousing And Storage

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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