The Global Specialized Warehousing And Storage Market Was Valued At $113 Billion In 2017 According To TBRC’s Latest Report

The specialized warehousing and storage market comprises establishments warehousing and storage facilities for particular categories of goods that need specialized treatment. A main example is farm product bonded warehousing and storage, farm product private warehousing and storage and grain elevators. Other examples are automobile dead storage, bulk petroleum storage, document storage and warehousing, lumber storage and whiskey warehousing.

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The global specialized warehousing and storage market was valued at $113 billion in 2017. Among regional markets, North America was the largest geographic region accounting for more than one-fourth of the global market share. The market saw a growth as many warehousing and storage companies are now using big data analytics as a tool to plan and optimize warehouse operations. Big data analytics refers to the process of examining large sets of data to obtain useful information such as hidden patterns, market trends, unknown correlations and customer preferences. Big data analyses the location, capacity and flexibility of warehouses to predict customer requirements. It helps in improving warehouse planning and replenishment and creating lean supply chains with sophisticated inventory systems. This maximizes workflow, improves floor utilization and increases operational efficiencies and ROI.

The market in the report is segmented into: automobile dead storage, bulk petroleum & chemical storage, document storage & warehousing, whiskey warehousing and others.

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The USA was the largest country in the market, accounting for more than one-fourth of the global specialized warehousing and storage market share. This is mainly due to the presence of an extensive transportation network, high disposable income and a large customer base which includes both B2B and B2C customers. The USA was followed by China and India as the next largest countries in the market.

The top five competitors in the market are: Mitsubishi Logistics followed by Kuehne + Nagel International AG, Iron Mountain Inc, Kinder Morgan Inc and Apex Oil Company Inc. Mitsubishi Logistics Inc. is a logistics company with its headquarters in Shinkawa, Chuo-ku, Tokyo. The company’s logistics business has a history of 120 years and owns affiliate companies throughout the world. Its performance ranks at the top among Japan’s logistics industry. Mitsubishi Logistics possesses Japan’s largest warehouse. It works closely with its subsidiaries abroad and has a good track record in handling pharmaceuticals and chemicals.

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