Global Warehousing Market Share Is Expected To Grow At A CAGR Of 8.30% By 2028

07-Oct-2022 | Facts and Factors

According to Facts and Factors, the global warehousing market size was worth USD 731.40 billion in 2021 and is estimated to grow to USD 1,180.12 billion by 2028, with a compound annual growth rate (CAGR) of approximately 8.30% over the forecast period. The report analyzes the warehousing market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the warehousing market.

Storage of commodities and merchandise is done through warehousing to preserve the quantity and quality of the things being held for later use. It is a crucial link in the logistics value chain since it serves as the node for the gathering, organizing, and distributing of commodities throughout the supply chain. Every business owner needs warehouses and storage to set up inventory efficiently and smoothly. In most warehouses, goods are unloaded and loaded from a loading dock. The warehouse is often designed to unload and load goods directly from the seaport, the railway station, or the airport. These warehouses' pallet racks feature ISO-standard pallets transported by forklifts and cranes.

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Browse the full “Warehousing Market Size, Share, Growth Analysis Report By Type (General Warehousing, Agriculture, Cold Storage, Container Freight, and Others), By End-User (Chemicals & Materials, Food & Beverages, Electronics, Pharmaceutical, Consumer Durables, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/warehousing-market

In the upcoming years, the export/import of goods, which are the main drivers of the global warehousing market, is anticipated to rise rapidly. Various new growth drivers, including organized retail, information technology, telecommunications, and healthcare, are anticipated to generate significant demand. The demand will continue to be driven by traditional growth-driving industries, including agriculture and manufacturing (textile and auto auxiliary). Several factors, including the nation's shifting tax structure, expansion in key sectors, including the automotive, food, pharmaceutical, & fast-moving consumer goods industries, and the advent of organized retail, have fostered the warehousing market growth. The global market will be ready for intelligent digital evolution, including the automation of a wide range of operations, as the e-commerce sector grows. Potential warehouses' characteristics and operating approaches will alter due to the logistics industry's increased propensity for digital transformation. The market is supposed to be stimulated by the rising demand for an omnichannel retailing paradigm. As a result, the worldwide warehousing market's size will grow throughout the forecast period.

The global warehousing market is segregated based on type, end-user, and region. Based on type, the market is divided into general warehousing, agriculture, cold storage, and container freight. Among these, the general warehousing segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on end-user, the market is classified into chemicals & materials, food & beverages, electronics, pharmaceutical, consumer durables, and others. In 2021, the food & beverages segment dominated the end-user segment in the global market.

The global warehousing market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America captured a dominating position in the global market for warehousing in 2021. Innovating warehouses with cutting-edge features like Web Map Service (WMS) capabilities for expiration date monitoring, barcode scanning, order fulfillment, and improved inventory management are being built by the government. In addition, the growing e-commerce industry is creating a significant need for upgraded storage and warehousing facilities to handle the pandemic's demand. Given that e-commerce is growing quickly and that just a small amount of the industry in North America is outsourced, third-party warehousing and supply chain businesses have a lot of room for growth. Players are expanding their infrastructure through mergers, acquisitions, and strategic partnerships.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 731.40 Billion

Projected Market Size in 2028

USD 1,180.12 Billion

CAGR Growth Rate

8.30% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Acuity Management Solutions, Elevate, LexisNexis, BusyLamp, THOMSON Reuters, doeLEGAL, SimpleLegal, Onit, MITRATECH, Wolters Kluwer ELM Solutions., and others.

Key Segment

By Type, End-User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Key players in the global warehousing market include Acuity Management Solutions, Elevate, LexisNexis, BusyLamp, THOMSON Reuters, doeLEGAL, SimpleLegal, Onit, MITRATECH, and Wolters Kluwer ELM Solutions.

Recent Development:

  • September 2019: Royal Cargo and Iris Logistics launched the first nonstop Philippine shipping service between the Philippines with the Export Development Council (EDC) and the University of the Philippines Public Administration Foundation as partners.

Warehousing Market is segmented as follows:

By Type

  • General Warehousing
  • Agriculture
  • Cold Storage
  • Container Freight
  • Others

By End-User

  • Chemicals & Materials
  • Food & Beverages
  • Electronics
  • Pharmaceutical
  • Consumer Durables
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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