Warehousing and Storage Services Market worth USD 599.3 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Warehousing and Storage Services Market by Type (General Warehousing and Storage, Refrigerated Warehousing and Storage, and Farm Product Warehousing and Storage), by Ownership (Public Warehouses, Private Warehouses, and Bonded Warehouses), by End-Users (Manufacturing, Consumer Goods, Retail, Food and Beverage, Healthcare, and Other End-user Industries), by Region - Global Share and Forecast to 2027". The global warehousing and storage services market registered a CAGR of 7.3% during the period (2021-2027) and is valued at USD 314.6 billion in 2020, and is expected to reach USD 599.3 billion by 2027. Globalization has enhanced the variety of cross-border transactions in services and products through rapid and widespread technology diffusion. This has been driving the global cross-border B2C e-commerce market trends. Furthermore, advanced e-commerce technologies subtract the administration expenditures and marketing costs. This enables companies to reach dispersed markets. This has driven the target market. Fashion represents the largest segment of the e-commerce market, followed by toys & hobbies and electronics & media. As consumer demand intensifies and changing shopping behaviors pressure the industry to adapt, retailers have continued to redesign their networks to keep up. When distributing high-volume retail goods, determining the right model is key.

Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Warehousing and Storage Services Market Research Report 2021-2027"

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Global Warehousing and Storage Services Market Segmentation
The overall warehousing and storage services market has been segmented into type, ownership, end-users, and region.

By Type (General Warehousing and Storage, Refrigerated Warehousing and Storage, and Farm Product Warehousing and Storage)
By Ownership (Public Warehouses, Private Warehouses, and Bonded Warehouses)
By End-Users (Manufacturing, Consumer Goods, Retail, Food and Beverage, Healthcare, and Other End-user Industries)
By Region (US, Mexico, Canada, Germany, France, UK, Italy, Spain, China, India, South Korea, Japan, Southeast Asia, Australia, Saudi Arabia, Peru, South Africa, Qatar, UK, Nigeria, Israel, Brazil, Argentina)

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Private warehouse, by ownership, is estimated to hold the largest market share during the forecast period

Based on ownership, the global warehousing and storage services market is segregated into public warehouses, private warehouses, and bonded warehouses. The private warehouse segment generated the highest revenue of 51.0% of the total global warehousing and storage services market in 2020. Private warehouses are set up by private enterprises typically for their specific purpose. They may be established for the products manufactured, imported on their behalf, and owned. These warehouses are located to address the requirements of commercial units and manufacturing. Private warehouses are flexible and can be customized for the placement and storage of products on the basis of the nature of the products.

The sole enterprise occupies private warehouses. These would be large enterprises with massive warehousing necessities. Private warehouses can be self-operated or operated by a third-party logistics provider (3PL) for and on behalf of the enterprise. However, private warehouses are more expensive than public warehouses. Private warehouses can still be a great option for eCommerce SMBs if they need a major, long-term strategic presence in an important region. Private and semiprivate warehouse refrigerated capacity totaled 962 million gross cubic feet or 26% of the gross refrigerated space in the United States.

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The Asia Pacific accounts for the largest market share in the warehousing and storage services market 2020

Based on the regions, the global warehousing and storage services market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the highest market share in the global warehousing and storage services market, with 33.3% of the market share in 2020. Demand for warehousing space across the Asia-Pacific from investors and developers is expected to remain robust over the next five years due to the long-run shift from physical to online retailing. The warehousing sector is undergoing significant changes with increased merger and acquisition activity, which enabled plenty of liquidity and consolidation, leading to better infrastructure creation.

Asia-Pacific is significantly fueling the usage of perishable food items, thereby developing the demand for refrigerated warehousing methods. Furthermore, a substantial rise in the number of food and beverage companies over manufacturing a spotted range of perishable frozen foodstuffs and food products is further expected to increase over the lifespan of these food products. Several cold chain warehouses are designed to ensure transportation conditions and ideal storage for temperature-sensitive products. Multiple export trades are dependent on the vital links that cold chain solutions provide.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the warehousing and storage services market. Some of the major companies in the global market of warehousing and storage services are XPO Logistics Inc., Ryder System Inc., DHL International GmbH, NFI Industries Inc., AmeriCold Logistics LLC, Lineage Logistics Holding LLC, FedEx Corp, NF Global Logistics Ltd, DSV Panalpina AS, Kane Is Able Inc., APM Terminals BV, and MSC - Mediterranean Shipping Agency AG among others.

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