Global Warehousing And Storage Market Overview Forecast 2024 - 2033
23 Aug, 2024
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 refrigerated warehousing, increased demand for the 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 the increasing e-commerce industry, growing population, and growth of the industrial sector. Major trends in the forecast period include the adoption of new technologies such as drone technology for real-time inventory tracking, focus on warehouse automation, and focus on warehouse management systems (WMS) used to manage warehouse operations, including inventory management, order fulfillment, and labor management, focus on facility expansions, launching smart warehouse technology, and focus on mergers and acquisitions.
Major Driver In The Warehousing And Storage Market
The printing ink market is anticipated to witness a surge in demand driven by 3D technology, especially during the forecast period, with a growing global interest in 3D printing technology among consumers, researchers, and industrial production. Unlike 2D inks used for planar surfaces, 3D inks are specifically designed for the fabrication of volumetric constructs and devices. Innovations like Cubic Ink materials from ALTANA and DP Polar in November 2021 are transforming industrial 3D inkjet printing through the continuous Multi-material Jetting process, enabling multi-material capability for maximum productivity. As of 2023 and 2024, the market size reflects the increasing adoption of 3D printing technology and the subsequent demand for specialized 3D printing inks, setting the stage for further growth by 2028.
Request A Free Sample Of The Global Warehousing And Storage Market ReportWarehousing And Storage Market Competitive Landscape
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
Key Warehousing And Storage Market Trend
Washing machine manufacturers are increasingly focused on producing energy-efficient models to minimize their carbon footprint and provide energy savings for consumers. This trend towards energy-efficient appliances is driven by stringent government regulations on electrical home appliances and advancements in technology. These appliances are engineered to use the least amount of energy necessary to perform their tasks. Currently, over 80 countries have established standards and labels for energy-efficient appliances. For instance, ENERGY STAR certified washing machines in the U.S. use 25% less energy and 33% less water compared to standard models.
Get The Full Global Warehousing And Storage Market Report
Warehousing And Storage Market Segmentation
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
By Geography:The regions covered in the warehousing and storage market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
Asia-Pacific was the largest region in the warehousing and storage market in 2023.
The Warehousing And Storage Global Market Report 2024 furnishes information about the global warehousing and storage market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.