Warehousing and Storage Market Trends And Forecast 2019-2024

Press Release:

Global Warehousing and Storage Market to Reach US$ 533.4 Billion by 2024, Induced by Adoption of Advanced Storage Systems

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global warehousing and storage market is currently exhibiting healthy growth. Warehouses and storages are required by every business owner for an efficient and smooth set up of the inventory. According to the latest report by IMARC Group, titled “Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global warehousing and storage market reached a value of US$ 415.2 Billion in 2019. A warehouse may be defined as a place that is used for the storage or accumulation of finished products, raw materials, semi-finished goods, goods that are imported or exported, etc. There is a need for storing the goods in order to make them available to the end users as and when required. Certain amount of goods are stored at every stage during the value chain of any product. Appropriate arrangements to retail the goods in the right condition are vital for success in marketing. Storage ensures an organization to carry on production in anticipation of demand in the future. Warehouses enable the organization to continue its production throughout the year and to sell their goods, whenever there is sufficient demand. In general, warehouses can be divided into three categories which include general warehousing and storage, farm product warehousing and storage, and refrigerated warehousing and storage.

Looking forward, we expect the demand for warehousing and storage to remain moderate in the coming years. The key application sectors of warehousing such as manufacturing, retail, healthcare, construction, automotive, technology, etc. are expected to exhibit continuous growth in the coming years. Moreover, we also expect an increase in demand from the ecommerce sector. Web based shopping has gained popularity and has become a go-to-option for almost all types of customers. The advent of online shopping has created a huge demand of warehousing space in both developed and emerging economies. Furthermore, catalyzed by the rising popularity of frozen foods, the demand of refrigerated warehousing and storage has also been increasing. This can be attributed to the fact that frozen foods are simple to cook, healthy to eat, and easily available in the market. Additionally, recent advancement in the IT and transportation sector are also creating a positive impact on the warehousing and storage market. Increasing use of wearables, sensors, radio frequency identification tags, etc. are also making the storage and transportation of goods more efficient.

Market Summary:

Based on the type of warehouse, the market has been segmented into general warehousing and storage; refrigerated warehousing and storage; and farm product warehousing and storage. General warehousing and storage currently represent the biggest segment.
Based on the ownership, the market has been segmented into private warehouses, public warehouses and bonded warehouses.
Based on the end-use, the market has been segmented into manufacturing, consumer goods, retail, food and beverage, IT hardware, healthcare, chemicals, and others.
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market and the profiles of key players have also been covered in this report.

This report provides a deep insight into the global warehousing and storage market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the warehousing and storage market in any manner.

Key Questions Answered in This Report:

How has the global warehousing and storage market performed so far and how will it perform in the coming years?
What are the key regional markets in the global warehousing and storage industry?
What has been the impact of COVID-19 on the global warehousing and storage market?
What is the breakup of the global warehousing and storage market on the basis of warehouse type?
What is the breakup of the global warehousing and storage market on the basis of ownership?
What is the breakup of the global warehousing and storage market on the basis of end-use?
What are the various stages in the value chain of the global warehousing and storage market?
What are the key driving factors and challenges in the global warehousing and storage market?
What is the structure of the global warehousing and storage market and who are the key players?
What is the degree of competition in the global warehousing and storage market?