Global Warehousing and Storage, Market Growth, Trends, Opportunities 2024

The Business Research Company recently released a comprehensive report on the Global Warehousing And Storage Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The warehousing and storage market size has grown strongly in recent years. It will grow from $724.47 billion in 2023 to $783.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to growing demand for refrigerates warehousing, increased demand for omnichannel model..

The warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $1062.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing e-commerce industry, growing population, growth of the industrial sector will drive the growth.. Major trends in the forecast period include adoption of new technologies such as drone technology for real- time inventory tracking, focus on warehouse automation, focus on warehouse management systems (wms) are used to manage warehouse operations, including inventory management, order fulfillment and labor management, focus on facility expansions, launching smart warehouse technology, focus on mergers and acquisitions..

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Market Drivers and Trends:

Growing demand for refrigerated warehousing and storage is expected to propel the growth of the warehousing and storage market going forward. Refrigerated warehousing and storage refer to facilities or buildings equipped with specialized cooling or refrigeration systems designed to maintain low temperatures. Refrigerated warehousing and storage enhances the warehousing process by accommodating temperature-sensitive goods, broadening the client base, and adhering to stricter regulations. For instance, in July 2022, according to the Cold Chain Federation, a UK-based association, the cold storage capacity in the UK surpassed 40 million cubic meters, showing a 10% increase compared to the levels in 2021. Additionally, the cold storage sector's electricity costs have grown from $676 million in 2021 to an estimated $1.33 billion in 2022. Therefore, the growing demand for refrigerated warehousing and storage is driving the growth of the warehousing and storage market.

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Major Key Players of the Market:

F. Hoffmann-La Roche AG, Bayer AG, Regeneron Pharmaceuticals Inc., Astrazeneca Plc., Novartis AG, Pfizer Inc., Eli Lilly and Company, Exelixis Inc., Amgen Inc., Sanofi S.A., Cipla Limited, Biocon, Dr. Reddy's Laboratories, Chi-Med, Innovent Biologics, Daiichi Sankyo, Chugai Pharmaceutical Co. Ltd, AstraZeneca plc, Allergan plc., Boehringer Ingelheim International GmbH, GlaxoSmithKline plc, Ipsen, Oxurion, AVEO Oncology, Pharmstandard Group, Zentiva, Coherus BioSciences Inc., Celgene, Exelixis Inc., Regeneron Pharmaceuticals Inc., AVEO pharmaceuticals, Eisai Co. Ltd.

Warehousing And Storage Market 2024 Key Insights:

• The warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $1062.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Growing Demand For Refrigerated Warehousing To Drive Warehousing And Storage Market Growth
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• Asia-Pacific was the largest region in the warehousing and storage market in 2023

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The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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