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Comprehensive Storage And Warehouse Leasing Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Storage And Warehouse Leasing Market Size
The projected growth of the storage and warehouse leasing market is anticipated to be fueled by the rising demand for warehousing and storage services. These services encompass the operations involved in the management, storage, and handling of goods and products for companies or clients. Such services, delivered through storage and warehouse leasing, offer businesses the benefit of customizable and expandable storage solutions. These help optimize inventory management and liberate essential resources and capital for their primary operations. For example, data from the U.S. Bureau of Labor Statistics, a US government agency, in October 2024 showed an increase in the number of businesses in warehousing and storage from 21,938 in the Q2 of 2023 to 22,671 during Q1 of 2024, an approximately 3.3% growth. Thus, the escalation in demand for these services is responsible for the expansion of the storage and warehouse leasing market.
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What is the projected compound annual growth rate (CAGR) of the storage and warehouse leasing market from 2025 to 2034, and what factors influence it?
The market for storage and warehouse leasing has experienced significant growth in recent times. Its market size is expected to expand from $70.48 billion in 2024 to $76.26 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.2%. Factors contributing to the growth during the historic phase include availability of disposable income, changes in rental vacancy rates, variation in homeownership rate, business outlook, and the industrial production index.
The market size for warehouse and storage leasing is anticipated to witness robust growth over the coming years, expanding to a worth of $104.55 billion by 2029, with an 8.2% compound annual growth rate (CAGR). The growth trajectory within the predicted period can be ascribed to escalating global demands for below applications, a surge in e-commerce necessity, third-party logistics growth, expanding pharmaceutical demands, increasing food and beverage demands. The forecast period is also expected to observe progressive trends such as escalating assimilation of automation and robotic technology, the rising need for eco-friendly warehousing, a surge in usage of big data analytics, growing inclination towards multi-story warehouses, and an upswing in the application of cloud-based warehouse management functions.
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What trends are poised to drive the future success of the storage and warehouse leasing market?
The rise of technology is an emerging trend in the storage and warehouse leasing market. Major industry players are shifting their focus to using technologies to boost operational efficiency and maintain market relevancy. For example, in April 2022, Beijing Geekplus Technology Co. Ltd., a technology firm based in China, launched Sky-Storage & Ground-Pick, a multi-tiered storage and retrieval system. It's a four-way shuttle warehouse storage and pickup solution that enhances storage density while allocating the ground floor to picking operations managed by flagship P800 robots. This solution has the potential to transform large warehouses into condensed and highly efficient storage and distribution centers.
What are the major segments of the storage and warehouse leasing market and their role in driving growth?
The storage and warehouse leasing market covered in this report is segmented -
1) By Type: Non-Climate Controlled Storage, Climate Controlled Storage
2) By Lease Duration: Short-Term Leasing, Long-Term Leasing
3) By Application: Retail, Manufacturing, Food Industry, E-Commerce, Pharmaceuticals, Automotive, Other Applications
Subsegments:
1) By Non-Climate Controlled Storage: Standard Storage Facilities, Outdoor Storage Units, Drive-Up Access Storage Units
2) By Climate Controlled Storage: Temperature-Controlled Warehouses, Humidity-Controlled Storage Units, Cold Storage Facilities (Refrigerated And Freezer Units)
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Which regions are key players in the growth of the storage and warehouse leasing market?
North America was the largest region in the storage and warehouse leasing market in 2024. The regions covered in the storage and warehouse leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the storage and warehouse leasing market?
Major companies operating in the storage and warehouse leasing market include DHL Supply Chain, CEVA Logistics, Brookfield Business Partners LP, CBRE Group Inc., Ryder System Inc., XPO Logistics Inc., Prologis Inc., Colliers International Group Inc., Public Storage Inc., Agility Public Warehousing Company K.S.C.P., Extra Space Storage Inc., CubeSmart L.P., Life Storage Inc., Kenco Group, SEKO Logistics, Global Logistic Properties (GLP), Radius Commercial Real Estate, Lee & Associates Inc., Storage Asset Management, StorageMart, Central Storage And Warehouse Co, HSA Commercial Real Estate, Geodis (North America), American Warehouses Ltd., Adwise Realty LLP, Avison Young.
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What Is Covered In The Storage And Warehouse Leasing Global Market Report?
• Market Size Forecast: Examine the storage and warehouse leasing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the storage and warehouse leasing market for a structured understanding.
• Key Players Overview: Analyze major players in the storage and warehouse leasing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the storage and warehouse leasing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the storage and warehouse leasing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the storage and warehouse leasing market.
• Industry Challenges: Identify potential risks and obstacles affecting the storage and warehouse leasing market.
• Competitive Landscape: Review strategic developments in the storage and warehouse leasing market, including expansions, agreements, and new product launches.
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