Warehousing and Storage Industry Statistics 2023-2028 | FedEx Corporation, Mitsubishi Logistics Corporation, United Parcel Service Inc

IMARC Group has recently released a new research study titled "Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the warehousing and storage market?

The global warehousing and storage market size reached US$ 477.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 634.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.72% during 2023-2028.

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What is warehousing and storage?

Warehousing and storage services are essential components of the supply chain, providing a centralized location for storing goods before they are distributed. These facilities are designed for the safe and efficient storage of various types of products, from perishables to electronics and heavy machinery. Modern warehouses are equipped with advanced technology for inventory management, including automated retrieval systems and real-time tracking, which contribute to operational efficiency. Moreover, they often offer additional services such as order fulfillment, kitting, and packaging, making them a comprehensive solution for businesses.

What are the growth prospects and trends in the warehousing and storage industry?

The growing focus on e-commerce and the expansion of global trade are primary factors driving the demand for warehousing and storage services. The need for quick and reliable order fulfillment is compelling companies to invest in advanced warehousing solutions, thereby fueling market growth.

Additionally, the advent of smart warehouses that utilize IoT devices and big data analytics for real-time monitoring is revolutionizing the industry. Manufacturers and retailers are increasingly outsourcing their warehousing operations to third-party logistics providers, adding a robust dimension to the market.

Alongside this, the introduction of climate-controlled and specialized storage facilities for pharmaceuticals, chemicals, and food products is widening the scope of the warehousing industry. The need for seasonal stockpiling also contributes to market growth, as does the requirement for disaster recovery planning, which necessitates secure and reliable storage facilities.

Furthermore, government regulations around the safe and secure storage of goods are pushing companies to upgrade their warehousing operations, which in turn is boosting the market.

Other contributing factors include the growing need for efficient inventory management due to volatile demand patterns and the increasing importance of last-mile delivery services.

Who are the key players operating in the industry?

• AP Moller Maersk AS
• Aramex International LLC
• H. Robinson Worldwide Inc
• CEVA Logistics (CMA CGM Group)
• Deutsche Post DHL Group
• DSV A/S
• FedEx Corporation
• Kuehne Nagel International AG
• Mitsubishi Logistics Corporation
• United Parcel Service Inc

Read Blog: Top 10 Warehousing and Storage Companies: https://www.imarcgroup.com/top-warehousing-and-storage-companies

What Is Included In Market Segmentation?

The report has segmented the market into the following categories.

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 (2017-2022)
• Market Outlook (2023-2028)
• 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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About Us                                                                      

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.