Global Warehousing and Storage Market Trends, Applications, Analysis, Growth, and Forecast to 2028
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“Global Warehousing and Storage Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global warehousing and storage market report has been segmented on the basis of type, and region.
Global Warehousing and Storage Market: Overview
Warehousing and storage is an essential part of logistics operations that require skills and coordination to cater demand and supply of goods as per client requirements. Warehouse and storage sector needs operating warehousing and storage facilities for general, refrigerated, and other warehouse products.
Global Warehousing and Storage Market: Dynamics
The global warehousing and storage market is expected to register a significant growth rate over the forecast period owing to factors such as changing lifestyle and consumer’s preference towards ready to eat food and aesthetically attractive packaging design of the product. In addition, increasing industrial production, import and export activities, rapidly growing e-commerce industry, along with faster and secure delivery, are some of the other factors expected to propel growth of the global warehousing and storage market during the forecast period.
Technological advancements to handle inventory and to respond customer requirements and queries, gaining momentum across the globe. Increasing use of artificial intelligence (AI) and radio frequency identification (RFID) tags to track delivery of items, is another factor projected to support growth of the global market. Recent trend shows that, warehouse operators focusing to construct multi-story warehouses which can create a lucrative opportunity for growth of the target market over the long run.
For an instance, In November 2018, US-based logistics company – Prologis has built the nation’s first multi-story industrial warehouse.
However, increasing warehouse rents and costs for industrial lands and high initial setup cost may hamper growth of the target market during the forecast period.
Global Warehousing and Storage Market: Segment Analysis
On the basis of type, the target market is segmented into general, refrigerated, and farm products. The refrigerated segment is expected to register significant growth rate in the target market over the forecast period. Increasing demand for frozen and sweetened bakery products from the youth population is anticipated to bolster grow of the target segment in the global market over the forecasted period.
Warehousing and Storage Market: Region Analysis
The Asia Pacific warehouse and storage market accounts for highest share in terms of revenue, and is projected to maintain its dominance during the forecast period. Growing end-user industries such as pharmaceutical and consumer goods in countries in the region are expected to bolster demand for warehouse and storage services and drives growth of the target market. Emergence of multichannel distribution networks, increasing number of self-operated warehouses, coupled with growing use of robotic operations in warehouse and storage units are some of the other factors also anticipated to fuel growth of the target market in the region. The market in North America is expected to provide growth opportunities to the target market owing to rise in manufacturing activities and increasing warehouse leasing in the region. The market in Middle East & Africa accounts for moderate share in terms of revenue in the global market and is expected to witness considerable growth over the next 10 years. Factors such as increasing disposable income and improving economic conditions in various countries in the Middle East & Africa and Latin America is fueling the market growth.
Global Warehousing and Storage Market Segmentation:
Segmentation by Type:
- Farm Products
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- DHL Express
- United Parcel Service
- Kuehne + Nagel International AG
- CEVA Logistics
- XPO Logistics
- DB Schenker
- Burris Logistics
- AmeriCold Logistics LLC
- Global Logistics Properties
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