PUBLISHER: The Business Research Company | PRODUCT CODE: 1712706
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712706
General warehousing and storage facilities serve as storage spaces for goods intended for future sale or distribution. These warehouses are tailored to accommodate a wide array of items, including general merchandise, refrigerated goods, and various other products, offering storage solutions for diverse inventory needs.
Ownership structures in this sector encompass private warehouses, public warehouses, and bonded warehouses. These warehouses cater to a spectrum of end users across multiple industries, including manufacturing, consumer goods, retail, food and beverages, IT hardware, healthcare, chemicals, and other sectors. Each ownership type caters to distinct storage requirements and operational needs based on the specific demands of these various industries.
The general warehousing and storage market research report is one of a series of new reports from The Business Research Company that provides general warehousing and storage market statistics, including general warehousing and storage industry global market size, regional shares, competitors with a general warehousing and storage market share, detailed general warehousing and storage market segments, market trends and opportunities, and any further data you may need to thrive in the general warehousing and storage industry. This general warehousing and storage global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The general warehousing and storage market size has grown strongly in recent years. It will grow from $395.41 billion in 2024 to $429.22 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to industrialization and urbanization, expansion of global trade, e-commerce and supply chain evolution, regulatory compliance and safety standards, economic growth and consumerism.
The general warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $563.09 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to supply chain resilience, adoption of robotics and automation, sustainability and green warehousing practices, and last-mile delivery solutions. Major trends in the forecast period include integration with advanced technologies, multi-channel distribution centers, flexible and scalable warehouse designs, and collaborative warehousing models.
The growth of the general warehousing and storage market can be attributed to improvements in macroeconomic factors such as export-import trade, the retail sector, and the industrial production index. An anticipated rise in the industrial production index (IPI) is expected to further drive the growth of the general warehousing and storage market moving forward. The IPI measures production levels and capacity across various sectors, including manufacturing, mining, electricity, and gas, over a year. As industrial production increases, warehouses become essential for storing finished goods. For instance, in September 2023, the National Bureau of Statistics of China, a government agency, reported that industrial production in China grew by 5.10% in July 2024 compared to the same month in the previous year. Additionally, India saw a 5.90% increase in industrial production in May 2024 compared to the same month in the prior year. Thus, the rise in the industrial production index is contributing to the growth of the general warehousing and storage market.
The upsurge of e-commerce is anticipated to propel the general warehousing and storage sector, with e-commerce significantly shaping retail dynamics through online transactions. Warehouses stand as integral pillars in this domain, ensuring inventory management, efficient order fulfillment, and timely customer deliveries. Morgan Stanley's report in June 2022 highlighted the e-commerce market's growth from 15% of total retail sales in 2019 to 21% in 2021, projected to reach 22% in 2022. It forecasts a steep climb from $3.3 trillion in 2022 to $5.4 trillion in 2026 for the global e-commerce market.
Mobile technology has garnered traction among warehouse operators, streamlining operations and reducing time and labor. Devices like tablets, smartphones, and handheld gadgets leverage GPS, RFID, and voice technology to monitor warehouse tasks. For instance, IAM Robotics' June 2023 release, Lumabot, harmonizes human-robot coordination, enhancing warehouse productivity and scalability, a pivotal addition for warehousing, logistics, and manufacturing operations.
Key players in the general warehousing and storage market innovate with solutions like ultra-high storage density, optimizing storage capacity in limited spaces. Hai Robotics' October 2023 launch introduced the world's first telescopic Grapple Hook ACR, HaiPick A42T-E2, and HaiPick System 3. This innovation boosts storage density and performance, incorporating ChainPick technology for enhanced picking and placing efficiency, benefiting industries like 3PL and apparel.
Major companies operating in the general warehousing and storage market include DHL International GmbH, Kuehne + Nagel International AG, Americold Realty Trust Inc., CEVA Logistics AG, Panalpina Welttransport (Holding) AG, Prologis Inc., Lineage Logistics Holdings LLC, CWT Limited, XPO Logistics Inc., GXO Logistics Inc., NFI Industries Inc., Ryder System Inc., DSV Panalpina A/S, SSI Schaefer LLC, Whirlpool Corporation, Saddle Creek Logistics Services LLC, APL Logistics Ltd., Jacobson Companies Inc., Kane Is Able Inc., Leggett & Platt Inc., Radial Inc., GEODIS S.A., Rhenus Group, ID Logistics S.A., Fulfillment Centers Inc., Verst Group Logistics Inc., Symbia Logistics LLC, Atlanta Bonded Warehouse Corporation, The Suddath Companies
Asia-Pacific was the largest region in the general warehousing and storage market in 2024.The regions covered in the general warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
The countries covered in the general warehousing and storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The general warehousing and storage market includes revenues earned by entities by providing businesses with the necessary space to store their products when they aren't needed for a sale. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
General Warehousing And Storage Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on general warehousing and storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for general warehousing and storage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The general warehousing and storage market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.