According to the latest report by IMARC Group, titled ” Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global warehousing and storage market reached a value of US$ 451.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 605.6 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Warehousing and storage refer to a physical space that is commonly used for accumulation purposes. It usually includes shelves and racks, inventory control software, lifting tools and security systems. These places can be a small spare room, garage, basement or rented, or purchased space in a building that generally varies depending upon the size of the business. They are widely utilized for storing inventories, such as imported and exported commodities, finished and semi-finished products, equipment, and raw materials. Besides this, they help in reducing the asset management cost, ensuring timely delivery of finished goods and facilitating smooth production processes.
Global Warehousing and Storage Market Trends:
The global market is primarily driven by the rising demand for outsourcing warehouse services. This is supported by significant growth in the manufacturing industry and rapid globalization. Along with this, continuous improvements in the pharmaceutical infrastructure have led to the increasing popularity of refrigerated warehousing and storage facilities, thereby creating a positive outlook for the market. Also, the escalating consumption of frozen food products among the masses is further providing an impetus to the market growth. Moreover, a considerable rise in the preference for online shopping among individuals due to the convenience offered by e-commerce portals across the globe has provided a boost to the market growth. Furthermore, the growing utilization of advanced technologies with warehousing and storage services is acting as another major growth-inducing factor. For instance, the widespread adoption of automated picking tools, automated guided vehicles, sensors and robots that help in reducing human errors are positively influencing the market growth.
Warehousing and Storage Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global warehousing and storage market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the global warehousing and storage market on the basis of types of warehouses, ownership, end-use and region.
Breakup by Types of Warehouses:
- General Warehousing and Storage
- Refrigerated Warehousing and Storage
- Farm Product Warehousing and Storage
Breakup by Ownership:
- Private Warehouses
- Public Warehouses
- Bonded Warehouses
Breakup by End-Use:
- Manufacturing
- Consumer Goods
- Retail
- Food and Beverage
- IT Hardware
- Healthcare
- Chemicals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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