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Key Trend Reshaping the General Warehousing And Storage Market in 2025: Mobilizing Warehousing Efficiency And The Impact Of Mobile Technologies
What Are the Projections for the Size and Growth Rate of the General Warehousing And Storage Market?Over the past few years, there has been a significant increase in the size of the general warehousing and storage market. The market, which was valued at $395.41 billion in 2024, is expected to reach $429.22 billion in 2025 with a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this growth during the historic period include industrialization and urbanization, global trade expansion, the evolution of e-commerce and supply chains, adherence to regulatory compliance and safety standards, as well as economic growth and the rise of consumerism.
Expectations are high for substantial expansion in the general warehousing and storage market in the forthcoming years, with forecasts predicting growth to $563.09 billion by 2029 at a compound annual growth rate (CAGR) of 7.0%. This anticipated growth can be attributed to factors such as supply chain resilience, the adoption of automation and robotics, sustainable and environmentally friendly warehousing procedures and final-stage delivery strategies. Integral trends predicted for the forecast era incorporate progressive technological integrations, multichannel distribution networks, adaptable and scalable warehouse blueprints, and collaborative warehousing models.
What Are the Main Catalysts for Growth in the General Warehousing And Storage Market?
The expansion of the general warehousing and storage market can be linked to macroeconomic fundamentals such as export-import commerce, the retail sector, and the industrial production index. This growth is predicted to continue due to a rise in the industrial production index. The industrial production index, measures the production and capacity levels in manufacturing, mining, electricity, and gas sectors on an annual basis. An increase in production levels across these industries heightens the need for warehouses to store finished goods. To highlight this, industrial output in China as per National Bureau of Statistics of China, a government agency based in China, augmented by 5.10% in July 2024 compared to the same month the previous year. Similarly, in India, an elevation of 5.90% in industrial output was observed in May 2024 in relation to the same month in the previous year. Consequently, the upswing in the industrial production index fuels the growth of the general warehousing and storage market.
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Which Businesses Are at the Forefront of General Warehousing And Storage Market Development?
Major companies operating in the general warehousing and storage market include DHL International GmbH, Kuehne + Nagel International AG, Americold Realty Trust Inc., CEVA Logistics AG, Panalpina Welttransport (Holding) AG, Prologis Inc., Lineage Logistics Holdings LLC, CWT Limited, XPO Logistics Inc., GXO Logistics Inc., NFI Industries Inc., Ryder System Inc., DSV Panalpina A/S, SSI Schaefer LLC, Whirlpool Corporation, Saddle Creek Logistics Services LLC, APL Logistics Ltd., Jacobson Companies Inc., Kane Is Able Inc., Leggett & Platt Inc., Radial Inc., GEODIS S.A., Rhenus Group, ID Logistics S.A., Fulfillment Centers Inc., Verst Group Logistics Inc., Symbia Logistics LLC, Atlanta Bonded Warehouse Corporation, The Suddath Companies
What Are the Latest Innovations in the General Warehousing And Storage Market?
The adoption of mobile technologies has surged among warehouse owners because of their ability to streamline and monitor warehouse processes, thereby saving time and resources. This technology encompasses tablets, smartphones, and other portable communication and information devices. Utilizing GPS, RFID, VoIP, digital imaging, and voice technology, these devices facilitate equipment status check, productivity monitoring, and warehouse operations tracking. They also enable hands-free operations and expedite data entry tasks. For example, in June 2023, the US automation technology firm, IAM Robotics, introduced an automated solution named Lumabot specifically designed to assist warehouses with order fulfillment. The Lumabot leverages the company's innovative Meet Me technology for a synergized operation between humans and robots, boosting productivity, reducing operational risks, and enhancing scalability without the need for additional staff. Lumabot is also capable of overseeing all work conducted by warehouse employees and mobile robots making it an invaluable tool for business development.
How Is the General Warehousing And Storage Market Segmented?
The general warehousing and storage market covered in this report is segmented -
1) By Type: Bonded Warehousing, Private Warehousing and Storage, and Warehousing (including foreign trade zones)
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By End User: Manufacturing, Consumer Goods, Retail, Food and Beverages, IT Hardware, Healthcare, Chemicals, Other End Users
Subsegments:
1) By Bonded Warehousing: Customs Bonded Warehousing, Duty-Free Warehousing, Public Bonded Warehousing
2) By Private Warehousing And Storage: On-Site Private Warehousing, Off-Site Private Warehousing, Company-Owned Storage Facilities
3) By Warehousing: Public Warehousing, Foreign Trade Zone Warehousing, Distribution Centers
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Where Is the General Warehousing And Storage Market Growth Most Prominent?
The countries covered in the general warehousing and storage market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Is Covered In The General Warehousing And Storage Global Market Report?
- Market Size Analysis: Analyze the General Warehousing And Storage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the General Warehousing And Storage Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall General Warehousing And Storage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the General Warehousing And Storage Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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