PUBLISHER: 360iResearch | PRODUCT CODE: 1470790
PUBLISHER: 360iResearch | PRODUCT CODE: 1470790
[193 Pages Report] The Warehousing & Storage Market size was estimated at USD 514.72 billion in 2023 and expected to reach USD 543.80 billion in 2024, at a CAGR 5.77% to reach USD 762.63 billion by 2030.
Warehousing and storage represent critical components in the logistical framework that facilitate the movement of goods from production to the end consumer. This sector includes various activities and facilities designed to store goods efficiently and securely until they are required for distribution and sale. Warehousing involves the physical storage of products and encompasses a broader scope of services, including inventory management, order fulfillment, and the consolidation of goods. The exponential rise in online shopping has significantly increased the demand for advanced warehousing solutions to handle the vast inventory and ensure timely delivery. Additionally, the growing pharmaceutical and food sectors are driving the demand for refrigerated warehousing, offering significant growth prospects. However, concerns related to increasing costs of warehousing due to higher maintenance impact the market growth. Furthermore, innovations in warehouse management systems (WMS), robotics, and automation have improved the efficiency of warehousing operations, driving the market forward. The integration of IoT and AI in warehouse operations presents opportunities for enhanced efficiency and predictive analytics in inventory management.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 514.72 billion |
Estimated Year [2024] | USD 543.80 billion |
Forecast Year [2030] | USD 762.63 billion |
CAGR (%) | 5.77% |
Type: Expansion of food & beverage sector accelerating demand for refrigerated warehousing & storage
Farm product warehousing & storage is specialized in storing agricultural produce such as grains, fruits, and vegetables. This type of storage is crucial for preserving the quality of farm produce between harvest and distribution, reducing post-harvest losses. The preference for farm product warehousing & storage is high among agribusiness firms and farmers who require storage to manage supply chains efficiently and minimize waste. General warehousing & storage offers versatile storage solutions for various goods, excluding refrigerated products. This type is ideal for manufacturers, retailers, and distributors dealing with non-perishable items. Suppliers and businesses that handle a broad range of products with no special storage requirements often choose this type of warehousing for its flexibility. Refrigerated warehousing & storage is specialized for perishable items that require controlled temperatures, such as food, flowers, and pharmaceuticals. This warehousing is indispensable for businesses involved in the food industry, pharmaceuticals, and other sectors where products must be kept at specific temperatures.
End-User Industry: Manufacturing and retail & consumer goods sector focus more on scalability and operational agility
The food & beverage sector demands specialized warehousing solutions that prioritize temperature control, hygiene, and speed of distribution. This industry's storage facilities often require refrigerated or frozen zones to preserve the quality of perishable goods. Healthcare warehousing requires the highest standards of cleanliness and security to store various products from pharmaceuticals to medical devices. Healthcare warehousing structures must support climate control, especially for temperature-sensitive medicines and vaccines. Warehousing for the manufacturing sector is focused on the storage of raw materials, work-in-progress, and finished goods. Efficient space utilization, inventory management, and logistics integration are critical. The retail & consumer goods sector demands warehousing solutions that support rapid stock turnover and multichannel distribution networks. These facilities must be adaptable to handle a wide range of products and provide services including packaging and labeling.
Regional Insights
In the Americas, the United States is prominent in the global warehousing market and sees constant innovation and investment, responding to e-commerce growth and consumer demand for faster delivery. Advanced robotics and automation development signify a shift towards high-efficiency warehouses. Eco-friendly warehousing solutions are increasingly popular, reflecting a greater awareness of sustainability among American consumers. The European region is witnessing significant developments in warehousing and logistics, mainly driven by e-commerce. Countries including Germany, the Netherlands, and Belgium are at the forefront of investing in smart logistics hubs. The EU's focus on reducing carbon footprints is pushing for green warehousing technologies. The Middle East is becoming a logistic hub, focusing on high-tech warehouses. Africa, though at an earlier stage, shows potential for growth with increasing foreign direct investment in warehousing solutions. China, Japan, and India lead in Asia Pacific, leveraging the latest technologies in warehousing to cater to its massive manufacturing and e-commerce sectors. Government support and private investments fuel the quick adoption of smart and automated warehouses.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Warehousing & Storage Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Warehousing & Storage Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Warehousing & Storage Market, highlighting leading vendors and their innovative profiles. These include A.P. Moller - Maersk A/S, Agility Public Warehousing Company K.S.C.P., Allcargo Logistics Ltd., Amazon.com Inc., Aramex International LLC, C.H. Robinson Worldwide, Inc., CJ Logistics Corporation, CMA CGM Group, DHL International GmbH, DSV A/S, FedEx Corporation, FIEGE Logistik Stiftung & Co. KG, Geodis SA, Hitachi Transport System, Ltd., Hanel GmbH & Co. KG, Kane Is Able Inc., Kuehne + Nagel International AG, Mediterranean Shipping Agency AG, NFI Industries, Inc., Prologis, Inc., Ryder System, Inc., S F Express Private Limited, and XPO Logistics Inc..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Warehousing & Storage Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Warehousing & Storage Market?
3. What are the technology trends and regulatory frameworks in the Warehousing & Storage Market?
4. What is the market share of the leading vendors in the Warehousing & Storage Market?
5. Which modes and strategic moves are suitable for entering the Warehousing & Storage Market?