According to the latest report by IMARC Group, titled “Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global market reached a value of US$ 451.9 Billion in 2021. A warehousing and storage facility refers to a place that is custom-built for the accumulation and stocking of raw materials, finished products, semi-finished goods, imported or exported commodities, etc. It can be of various types including general, refrigerated, farm product, private-owned, public-owned, bonded, etc. Warehousing and storage facilities allow organizations to continue their production throughout the year and sell the goods whenever there is sufficient demand. As a result, they are extensively used across numerous sectors, such as manufacturing, automotive, consumer goods, retail, food and beverage, etc.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Warehousing and Storage Market Trends:
The development in the key application industries and the expanding retail penetration are primarily driving the warehousing and storage market. Additionally, the growing need for warehousing space from the e-commerce sector, on account of the popularity of online shopping is further stimulating the market growth. Besides this, the rising usage of frozen foods that are simple to cook and healthy to eat among the masses is also positively influencing the global market. Furthermore, the launch of advanced mobile technologies that use GPS, digital imaging, Radio-Frequency Identification (RFID), Voice over Internet Protocol (VoIP), etc., to provide hassle-free warehouse operations is acting as another significant growth-inducing factor. In line with this, the escalating integration of sensors, wearables, radio frequency identification tags, etc., for efficient depository and transportation of goods is expected to augment the warehousing and storage market in the coming years. Looking forward, IMARC Group expects the global warehousing and storage market to reach US$ 605.6 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027.
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Breakup by Type of Warehouses:
- General Warehousing and Storage
- Refrigerated Warehousing and Storage
- Farm Product Warehousing and Storage
Breakup by Ownership:
- Private Warehouses
- Public Warehouses
- Bonded Warehouses
Breakup by End-Use:
- Manufacturing
- Consumer Goods
- Retail
- Food and Beverage
- IT Hardware
- Healthcare
- Chemicals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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