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Specialized Warehousing And Storage Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Nippon Express Co. Ltd., Glencore plc, Financière de l'Odet SA, ONEOK Inc
Specialized Warehousing And Storage Global Market Report 2024
The specialized warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $152.61 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to evolving supply chain models, sustainability and green warehousing, pharmaceutical cold chain growth, advanced materials and chemicals. Major trends in the forecast period include technological integration, specialized cold storage for e-pharmacies, cross-border trade and compliance, urban and micro-hubs.
Market Overview -
Specialized warehousing and storage refer to the act of storing items that will be sold or distributed later as well as the act of storing physical commodities or inventory that operate warehousing and storage facilities for particular categories of goods that need specialized treatment in a warehouse and storage facilities for bonded merchandise, general merchandise, refrigerated goods, and other warehouse products.
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Leveraging Big Data Analytics For Warehouse Optimization
Many warehousing and storage companies are 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 with 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.
Competitive Landscape -
Major companies operating in the specialized warehousing and storage market include Nippon Express Co. Ltd., Glencore plc, Financière de l'Odet SA, ONEOK Inc., Husky Energy Inc., Anadarko Petroleum Corp., Dominion Energy Inc., Marubeni Corporation, Batu Kawan Bhd, Transneft' PAO, Beltmann Integrated Logistics, DHL Supply Chain, XPO Logistics, Ryder Supply Chain Solutions, Geodis, Schneider National Inc., Hub Group, Kenco Logistics services LLC., NFI Industries Inc., ODW Logistics Inc., Penske Logistics inc., Port Jersey Logistics, SEKO Logistics, St. George Logistics, Total Quality Logistics, Superfrio Logistica Frigorificada, Trinity Logistics, Unyson Logistics, Werner Enterprises Inc., Yusen Logistic Inc., Zipline Logistics LLC, Barrett Distribution Centers Inc., C.H. Robinson Worldwide Inc., Echo Global Logistics Inc., Saddle Creek Logistics Services.
Innovation In Specialized Warehousing By Major Companies
Major companies operating in the specialized warehousing and storage market are focused on developing new innovative specialized warehouses to strengthen their position in the market. A specialized warehouse is a type of warehouse that is designed to store and handle specific types of goods. For instance, in July 2023, Amazon.com Inc., a US-based internet-based enterprise, launched a specialized warehouse to support the local sellers. The new warehouse has a storage capacity of around 3 lakh cubic feet and is specifically designed to store and handle customer orders for large furniture and appliances. A bigger assortment and quicker deliveries will be available to more than 11,000 sellers.
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Key Segments -
The specialized warehousing and storage market covered in this report is segmented -
1) By Type: Automobile Dead Storage, Bulk Petroleum And Chemical Storage, Document Storage And Warehousing, Whiskey Warehousing, Other Specialized Warehousing And Storage
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By End-Use: Retail Industry, Manufacturing Industry, Consumer Goods Industry, Food & Beverage Industry, Healthcare Industry, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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