Warehousing & Storage Services Market will reach at USD 321.49 billion,Booming Worldwide With Leading Key Players -CEVA Logistics, DHL, GENCO, Mitsubishi Logistics, Kuehne + Nagel International AG, UPS Supply Chain Solutions, APL Logistics, FedEx, AmeriCo

The warehousing and storage market share is expected to increase by USD 321.49 billion from 2021 to 2032, and the market's growth momentum will accelerate at a CAGR of 8.23%.
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global Warehousing & Storage Services. On the basis of historic growth analysis and current scenario of Warehousing & Storage Services place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Warehousing & Storage Services. This further helps user with their developmental strategy.

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Global Warehousing & Storage Services: Top Key Players

CEVA Logistics, DHL, GENCO, Mitsubishi Logistics, Kuehne + Nagel International AG, UPS Supply Chain Solutions, APL Logistics, FedEx, AmeriCold Logistics, 3G Warehouse, MSC
Key Warehousing And Storage Market Driver

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One of the key factors driving the warehousing and storage market growth is the growing demand for refrigerated warehousing. A refrigerated warehouse is one where temperature-sensitive goods like perishable goods are stored for a short time or for a long period in the cold supply chain process. Frozen dinners, fruits and vegetables, and ice creams require refrigerated warehousing for their storage before they are distributed to retail stores or sold directly to consumers through e-commerce. The growing demand for these products will increase the need for refrigerated warehousing. Usually, frozen food is perceived as an alternative to fresh and home-cooked food as well as canned food. The frozen food market is growing because it includes ready-to-eat meals that are convenient food for individuals with busy schedules. Furthermore, with the emergence of refrigerated storage, vegetables such as green peas are being consumed all year round. The increasing demand for such vegetables is augmenting the need for refrigerated warehousing to maintain their shelf life. Companies such as Birds Eye offer frozen green peas in the UK. These factors will drive the growth of the global warehousing and storage market during the forecast period.

Key Warehousing And Storage Market Trend

Another key factor driving the warehousing and storage market growth is the use of drones in warehouse management. The reliable and accurate data of inventory is one of the essential parts of effective warehouse business operations. Inventory management represents the capacity utilization ratio of a warehouse and helps in managing operational activities. It is also crucial in decision-making and planning in terms of financial and operational decisions and effective budgeting. Warehouse and logistics businesses are looking for innovative and advanced solutions to enhance their efficiency in terms of inventory checking and management. Some warehouses perform a physical inventory check, which requires halting the operations in the store. It is difficult to check and monitor inventory manually in high-volume warehouses. A physical inventory check is expensive and time-consuming and disruptive in nature. It also increases the safety risks of workers. The use of drones will increase the efficiency of warehouse operators and reduce the chances of bad inventory. This, in turn, will save costs for warehouse operators. Therefore, the use of drones is expected to positively influence the growth of the global warehousing and storage market during the forecast period.

Key Warehousing And Storage Market Challenge

Increasing warehouse rents and the cost of industrial land are one of the key challenges hindering the warehousing and storage market growth. The warehouse location is a strategic decision that requires analysis of factors such as area, connectivity, and price of land. The real estate price is a crucial factor for a warehouse operator. The increasing cost of land and rising rents of warehouses are challenging for operators of the market. Vendors have to either rent out an existing facility or buy a new warehouse. In the US, the growth of e-commerce and the reduction in corporate tax from 35% to 21% will attract new and retain old manufacturing companies in the country. This will decrease the vacancy rate of warehouses, increasing the cost of land and rents of storage houses. The vacancy rate of industrial spaces in the US has moderately reduced from 4.6% in 2018 to 4.4% in 2019. Industrial spaces comprise factories, offices, warehouses, and light manufacturing buildings. Therefore, the low vacancy rate in the US increased industrial rents by about 1.5% in Q3 2019.

This warehousing and storage market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Product types uploaded in the Warehousing & Storage Services are:

Advanced Inventory-scanning Technologies, Temperature and Humidity Control Systems, Round-the-clock Security Monitoring, Warehousing & Storage Software, Others

Key applications of this report are:

Agriculture, Automotibe, Chemicals, Pharma & Healthcare, Food & Beverages, Others

North America is Expected to Hold Major Share
According to the U.S. Census Bureau, the warehouse and storage revenue is expected to increase by 2.1% p.a. from 2018 to 2023. In 2019, the revenue generated was USD 36.6 billion, compared to 2018, which was USD 35.6 billion. With significant growth in the manufacturing units, retail sector, and pharma units, the market shows a potential increase in the United States. Further, it is estimated that Transportation and warehousing will contribute to USD 22.24 billion of its GDP value (source IMF), where the significant contribution comes from the government sector, wholesale trade, manufacturing, etc. Further, players are continuously focused on expanding their facilities, which significantly drives market growth.
There is a significant growth opportunity for third-party warehousing and distribution players, as only a small part of the sector in North America is outsourced, and e-commerce is growing. So players are also expanding their facility by doing expansion, mergers, and acquisitions. In Feb2020, Maersk announced to double its North American warehousing and distribution capacity with the purchase of U.S. firm Performance Team in a deal valued at USD 545 million (a figure that includes some USD 225 million) of warehouse lease liabilities. The company is primarily focused on strengthening its e-commerce fulfillment capabilities since many retailers are looking to grow online retail sales.
Further, Gebrüder Weiss has announced a new warehouse location in California's premier logistics and distribution hub, the Inland Empire. The new 100,000 square foot facility, located at 11201 Iberia Street, in Jurupa Valley, is twice the size of Gebrüder Weiss' existing warehouse in Torrance, California, which employs approximately 20 workers. Further, the company is maintaining its original growth strategy by expanding in the United States on the West Coast in Q2 of 2020 with its new Inland Empire warehouse and is eyeing additional expansion in the Midwest by year's end. The lucrative fulfillment industry has attracted a considerable number of new entrants, from lean startups to pop-up fulfillment services and relatively new 3PLs.
For instance, recently, in March 2020, Amazon .com Inc has opened a series of small warehouses closer to big U.S. cities in a move to shave hours off delivery times. The company focuses on same-day delivery programs for retailers in Phoenix, Philadelphia, Dallas, and Orlando. The initiative underscores the company's aim to stay quick in online retail, outdoing competitors' free two - day delivery offers, so shoppers remain loyal to Amazon's shipping and media - streaming club Prime, which costs USD 119 per year in the United States. The food and beverage industry demand in the United States is undergoing significant disruption from COVID-19, as U.S. consumers increasingly have groceries delivered directly to their homes (D 2C) or are buying online and picking up in-store (BOPIS).

Competitive Landscape

The warehousing and storage services market is very competitive, mainly because of local players' presence. The competition is expected to intensify in the future because of the relatively low entry barriers that encourage new entrants to enter further. Long term partnerships, mergers, and acquisitions, and high investment in the warehouse management software are the prime growth strategies adopted by the companies to sustain the intense competition. Vendors like DHL Supply Chain, XPO Logistics, Inc., and FedEx Supply Chain are few key vendors. Few recent developments are:
January 2020 - DHL announced to expand its warehousing and supply chain businesses in India. DHL will soon make a significant investment to expand its Indian warehousing and supply chain capacity as the German logistics giant seeks to tap into the booming e-commerce business driven by Amazon and Walmart-owned Flipkart. DHL currently runs some nine million sq ft of warehousing and supply chain in India.
December 2019 - NFI boosted its presence in the southeastern U.S. by acquiring G&P Trucking Company Inc., a transportation firm based in Columbia, South Carolina. G&P's acquisition will add 370 tractors to NFI's fleet, bringing its total up to more than 3,000. NFI will now have more than 12,500 trailers, after adding 3,000 from G&P's fleet and adding to its work in specific verticals, including the automotive, retail and textile industries.
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Warehousing & Storage Services: Regional analysis includes

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt)
Some Points from Table of Contents

Chapter 1 Toll Like Receptor 8 Introduction and Market Overview

Chapter 2 Executive Summary

Chapter 3 Industry Chain Analysis

Chapter 4 Global Warehousing & Storage Services, by Type

Chapter 5 Warehousing & Storage Services, by Application

Chapter 6 Global Warehousing & Storage Services Analysis by Regions

Chapter 7 North America Warehousing & Storage Services Analysis by Countries

Chapter 8 Europe Warehousing & Storage Services Analysis by Countries

Chapter 9 Asia Pacific Warehousing & Storage Services Analysis by Countries

Chapter 10 Middle East and Africa Warehousing & Storage Services Analysis by Countries

Chapter 11 South America Warehousing & Storage Services Analysis by Countries

Chapter 12 Competitive Landscape

Chapter 13 Industry Outlook

Chapter 14 Global Warehousing & Storage Services Forecast

Chapter 15 New Project Feasibility Analysis

Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country
➋ Key winning strategies followed by the competitors
➌ Who are the key competitors in this industry?
➍ What shall be the potential of this industry over the forecast tenure?
➎ What are the factors propelling the demand for the Toll Like Receptor 8?
➏ What are the opportunities that shall aid in significant proliferation of the market growth?
➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Toll Like Receptor 8?
➑ How has the covid-19 impacted the growth of the market?
➒ Has the supply chain disruption caused changes in the entire value chain?

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