Warehousing Market Size, Trends and Insights By Type (General Warehousing, Specialized Warehousing, Refrigerated Warehousing, Others), By Industry (Retail, Food & Beverages, Chemicals, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- APL
- DHL
- United Postal Service
- Ryder Supply Chain Solutions
- Others
Reports Description
In our research report on the Global Warehousing Market, the market was valued at USD 1055 billion in 2021 and is projected to account for around USD 3043 billion by 2030. The estimated CAGR is approximately 14% between 2022 and 2030. The report further provides an overview of drivers, restraints, and opportunities present in the Warehousing market. Moreover, the report examines the global competitive analysis of the Warehousing market.
The key purpose of the Global Warehousing Market report is to deliver industry investors, company leaders, private equity companies, and stakeholders comprehensive information facilitating them to make informed strategic decisions concerning the changes in the Warehousing market throughout the world.
Warehousing Market: Overview
The market for Warehousing includes sales of Warehousing and storage services and related products by organizations, sole proprietors, and partnerships that run Warehousing and storage facilities for bonded goods, general goods, refrigerated goods, and other warehouse items. Most businesses in the warehouse and storage sector handle products in containers, such as boxes, barrels, and drums, while utilizing tools, including forklifts, pallets, and racks. They do not have any specialized training in handling huge quantities, sizes, or types of commodities or products.
Warehousing Market: COVID – 19Impact Analysis
Around the world, the outbreak of COVID-19 had a significant impact on a number of businesses. The lockdown was imposed by governments in several nations to prevent the new coronavirus from being contained. The supply of numerous goods and services was restricted during these lockdowns.
The COVID-19 pandemic, which has outrun and impacted both supply and demand at a faster rate, has disrupted global supply chains. On the other hand, COVID-19 may also have a long-term effect on the market for warehouses. With the surge in coronavirus spread throughout the world, a transit hold-up in one region had a significant impact on the rest of the world, leading to shutdowns because of supply delays or warehouse closures. This resulted in a noteworthy decline in the revenues generated by Warehousing players during 2020. However, with the relaxations in the restriction on trade & travel ban, the Warehousing market has started exhibiting an upward trend, and this trend is anticipated to continue from 2022-2030.
Warehousing Market: Growth Drivers
The growth in the e-commerce and retail industry supports the demand for Warehousing services
Third-party logistics (3PL) demand for warehouse space has increased as a result of the global e-commerce boom, and it will develop more quickly in rising economies such as India and China.
The demand for warehouses is anticipated to increase in the coming years due to the expansion of retail chains and their rapid growth. For instance, according to a recent analysis commissioned by the UK Warehousing Association (UKWA), the pandemic-fueled e-commerce boom has resulted in a 614% rise in warehouse utilization by online retailers. Thus, the growth in e-commerce is anticipated to bolster the demand for Warehousing across the globe.
Integration of advanced technologies in the Warehousing process
The usage of technology in the warehouse management process, including automated guided vehicles (AGVs), pick-to-light, and voice-directed picking, is expanding as the majority of warehouse occupiers are integrating these technologies in their distribution centers for quicker reaction times and labor-light, space-saving methods.
Warehousing Market: Segmentation Analysis
In our research scope, the Warehousing markets are segmented into type and industry. By type, the general Warehousing segment is expected to hold the dominant share of the market throughout 2022-2030.
The most typical kind of warehouse is used for general Warehousing and storage. Food, drinks, clothing, furniture, and other household objects are just a few items kept at these warehouses. They can also be utilized to store raw materials and commercial goods. Based on the industry, the retail segment is estimated to hold the largest market share in 2021. Clothing, furniture, and other household things are just a few of the items that are kept in Warehousing for use in retail. The storage of commercial goods or raw materials is another purpose for these warehouses.
Additionally, it stores a range of products like furniture, clothing, and other household goods. The storage of commercial goods or raw materials is another purpose for these warehouses. Moreover, it can be used to store a range of products, such as household goods, furniture, and apparel. Attributed to the aforementioned factors, the retail segment is also expected to witness continuous growth in the coming years.
| Feature of the Report | Details |
| Market Size in 2021 | USD 1055 Billion |
| Projected Market Size in 2030 | USD 3043 Billion |
| CAGR Growth Rate | 14% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | APL, DHL, United Postal Service, Ryder Supply Chain Solutions, Geodis, Nippon Express, Genco, Mitsubishi Logistics, XPO Logistics, Kuehne+Nagel International AG, and Others |
| Key Segment | By Type, Industry, and By Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Warehousing market is estimated to grow annually at a CAGR of around 14% over the forecast period (2022-2030).
- In terms of revenue, the Warehousing market size was valued at around USD 1055 billion in 2021 and is projected to reach USD 3043 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type segmentation, the general Warehousing segment was predicted to hold the maximum market share in the year 2021.
- Based on industry segmentation, the retail segment was the leading revenue-generating category in 2021.
- On the basis of geography/region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Development
- July 2022:A US-based company named Panattoni has expanded into India and will spend $200 million to build four industrial and logistics parks in an effort to meet the rising demand for storage space in major cities.
- July 2022: TikTok unveiled its e-commerce business Warehousing plan “Aquaman” in the UK market in the coming years. The company will stock certain products with a constant sales record in local UK warehouses to reduce the time required for cross-border logistics.
Regional Landscape
In 2021, the Asia Pacific region dominated the Warehousing market. The Asia-Pacific region’s logistics sector is dynamic, with both well-known international brands and potent local competitors. Due to the region’s rapid e-commerce growth, portions of Asia-Pacific face intense competition to hold onto existing markets and open up new ones.
In 2021, the full-year new logistics supply for Asia-Pacific was projected to increase by 58% over the preceding three years, to 167 million square feet. With more merger and acquisition activity, the logistics and Warehousing industry is undergoing substantial changes. In China, India, and Australia, it is necessary to be closer to dense metropolitan hubs to serve important catchments, raising the cost of small, centrally situated facilities.
In Singapore, Hong Kong, and Japan, the vertical growth of multi-story warehouses is being fueled by a lack of available land. While e-commerce and industry are driving demand for ambient warehouses, pharmaceuticals, food, and drinks are driving expansion in cold storage.
Competitive Landscape
The report offers a company analysis to give a 360-degree overview of the major players operating in the market. Moreover, the report also comprises key strategic developments related to the market including new service launches, acquisitions & mergers, agreements, collaborations & joint ventures, partnerships, research & development, as well as regional expansion of key player participants involved in the global Warehousing market.
An in-depth investment analysis has been performed, providing forecast and prevailing opportunities for the market participants. The market report focuses on significant characteristics of the market that comprise historic data, present market revenues, PEST analysis, technological investments, and competitive analysis in the related industry.
The global 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 Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Warehousing Market, (2022 – 2030) (USD Billion)
- 2.2 Global Warehousing Market: snapshot
- Chapter 3. Global Warehousing Market – Industry Analysis
- 3.1 Warehousing Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Integration of advanced technologies
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Industry
- Chapter 4. Global Warehousing Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Warehousing Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Warehousing Market – Type Analysis
- 5.1 Global Warehousing Market overview: By Type
- 5.1.1 Global Warehousing Market share, By Type, 2021 and 2030
- 5.2 General Warehousing
- 5.2.1 Global Warehousing Market by General Warehousing, 2022 – 2030 (USD Billion)
- 5.3 Specialized Warehousing
- 5.3.1 Global Warehousing Market by Specialized Warehousing, 2022 – 2030 (USD Billion)
- 5.4 Refrigerated Warehousing
- 5.4.1 Global Warehousing Market by Refrigerated Warehousing, 2022 – 2030 (USD Billion)
- 5.5 Others
- 5.5.1 Global Warehousing Market by Others, 2022 – 2030 (USD Billion)
- 5.1 Global Warehousing Market overview: By Type
- Chapter 6. Global Warehousing Market – Industry Analysis
- 6.1 Global Warehousing Market overview: By Industry
- 6.1.1 Global Warehousing Market share, By Industry, 2021 and 2030
- 6.2 Retail
- 6.2.1 Global Warehousing Market by Retail, 2022 – 2030 (USD Billion)
- 6.3 Food & Beverages
- 6.3.1 Global Warehousing Market by Food & Beverages, 2022 – 2030 (USD Billion)
- 6.4 Chemicals
- 6.4.1 Global Warehousing Market by Chemicals, 2022 – 2030 (USD Billion)
- 6.5 Others
- 6.5.1 Global Warehousing Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Warehousing Market overview: By Industry
- Chapter 7. Warehousing Market – Regional Analysis
- 7.1 Global Warehousing Market Regional Overview
- 7.2 Global Warehousing Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Warehousing Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Warehousing Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Warehousing Market, 2022 – 2030 (USD Billion)
- 7.4 North America Warehousing Market, by Type, 2022 – 2030
- 7.4.1 North America Warehousing Market, by Type, 2022 – 2030 (USD Billion)
- 7.5 North America Warehousing Market, by Industry, 2022 – 2030
- 7.5.1 North America Warehousing Market, by Industry, 2022 – 2030 (USD Billion)
- 7.4. Europe
- 7.4.2 Europe Warehousing Market, 2022 – 2030 (USD Billion)
- 7.4.2.1 Europe Warehousing Market, by Country, 2022 – 2030 (USD Billion)
- 7.4.2 Europe Warehousing Market, 2022 – 2030 (USD Billion)
- 7.4 Europe Warehousing Market, by Type, 2022 – 2030
- 7.4.1 Europe Warehousing Market, by Type, 2022 – 2030 (USD Billion)
- 7.5 Europe Warehousing Market, by Industry, 2022 – 2030
- 7.5.1 Europe Warehousing Market, by Industry, 2022 – 2030 (USD Billion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Warehousing Market, 2022 – 2030 (USD Billion)
- 7.5.3.1 Asia Pacific Warehousing Market, by Country, 2022 – 2030 (USD Billion)
- 7.5.3 Asia Pacific Warehousing Market, 2022 – 2030 (USD Billion)
- 7.4 Asia Pacific Warehousing Market, by Type, 2022 – 2030
- 7.4.1 Asia Pacific Warehousing Market, by Type, 2022 – 2030 (USD Billion)
- 7.5 Asia Pacific Warehousing Market, by Industry, 2022 – 2030
- 7.5.1 Asia Pacific Warehousing Market, by Industry, 2022 – 2030 (USD Billion)
- 7.6. Latin America
- 7.6.4 Latin America Warehousing Market, 2022 – 2030 (USD Billion)
- 7.6.4.1 Latin America Warehousing Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.4 Latin America Warehousing Market, 2022 – 2030 (USD Billion)
- 7.4 Latin America Warehousing Market, by Type, 2022 – 2030
- 7.4.1 Latin America Warehousing Market, by Type, 2022 – 2030 (USD Billion)
- 7.5 Latin America Warehousing Market, by Industry, 2022 – 2030
- 7.5.1 Latin America Warehousing Market, by Industry, 2022 – 2030 (USD Billion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Warehousing Market, 2022 – 2030 (USD Billion)
- 7.7.5.1 The Middle-East and Africa Warehousing Market, by Country, 2022 – 2030 (USD Billion)
- 7.7.5 The Middle-East and Africa Warehousing Market, 2022 – 2030 (USD Billion)
- 7.4 The Middle-East and Africa Warehousing Market, by Type, 2022 – 2030
- 7.4.1 The Middle-East and Africa Warehousing Market, by Type, 2022 – 2030 (USD Billion)
- 7.5 The Middle-East and Africa Warehousing Market, by Industry, 2022 – 2030
- 7.5.1 The Middle-East and Africa Warehousing Market, by Industry, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 APL
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 DHL
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 United Postal Service
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Ryder Supply Chain Solutions
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Geodis
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Nippon Express
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Genco
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Mitsubishi Logistics
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 XPO Logistics
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Kuehne+Nagel International AG
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.1 APL
List Of Figures
Figures No 1 to 22
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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List of the prominent players in the global Warehousing market:
- APL
- DHL
- United Postal Service
- Ryder Supply Chain Solutions
- Geodis
- Nippon Express
- Genco
- Mitsubishi Logistics
- XPO Logistics
- Kuehne+Nagel International AG
- Others
FAQs
“Asia Pacific” region will lead the global Warehousing market during the forecast period 2022 to 2030.
Third-party logistics (3PL) demand for warehouse space has increased as a result of the global e-commerce boom, and it will develop more quickly in rising economies such as India and China. The demand for warehouses is anticipated to increase in the coming years due to the expansion of retail chains and their rapid growth.
The key players operating in the Warehousing market are APL, DHL, United Postal Service, Ryder Supply Chain Solutions, Geodis, Nippon Express, Genco, Mitsubishi Logistics, XPO Logistics, Kuehne+Nagel International AG, and Others.
The global Warehousing market is expanding growth with a CAGR of approximately 14% during the forecast period (2022 to 2030).
The global Warehousing market size was valued at USD 1055 billion in 2021 and it is projected to reach around USD 3043 billion by 2030.
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