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Evolving Market Trends In The Storage And Warehouse Leasing Industry: Geekplus Unveils Advanced Solutions To Transform Storage And Warehouse Leasing With Advanced Technology
The Storage And Warehouse Leasing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Storage And Warehouse Leasing Market Size During the Forecast Period?
The market size for storage and warehouse leasing has seen robust growth in the past few years. It is predicted to expand from $70.48 billion in 2024 to $76.26 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. This growth during the historical period can be ascribed to factors such as disposable income per person, rental vacancy rates, the rate of homeownership, business sentiment, and the industrial production index.
Expectations for the storage and warehouse leasing market size remain robust over the coming years, with a projected growth to $104.55 billion by 2029 and a compound annual growth rate (CAGR) of 8.2%. This growth prediction for the forecast period is driven by a surge in demand for various applications globally, an increased need for e-commerce, a rise in third-party logistics demand, an upturn in demand for pharmaceuticals, and burgeoning demand for food and beverage. Future trends within the forecast period will be dominated by the growing use of automation and robotics, a surge in demand for environmentally-friendly warehousing, an increasing reliance on big data analytics, a rising trend in multi-story warehouses, and the growing use of cloud-based warehouse management systems.
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What Are the High-Growth Segments in the Storage And Warehouse Leasing Market?
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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What Key Drivers Are Expected to Influence Future Storage And Warehouse Leasing Market Growth?
The sector of storage and warehouse leasing is anticipated to witness an upswing owing to the surging demand for warehousing and storage services. These services encompass a range of business activities such as storing, handling, and managing goods and products on behalf of businesses or clients. They offer businesses the ability to scale up their storage options while improving inventory management. This, in turn, allows corporations to allocate more capital and resources towards their core operations. As reported by the U.S. Bureau of Labor Statistics in October 2024, the U.S. saw an increase in the number of warehousing and storage establishments from 21,938 in Q2 2023 to 22,671 in Q1 2024. This indicates a growth of approximately 3.3%. This growing demand for such services is catalyzing the expansion of the storage and warehouse leasing market.
Which Companies Hold the Largest Share Across Different Storage And Warehouse Leasing Market Segments?
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.
What Trends Are Driving Growth in The Storage And Warehouse Leasing Market?
Advancements in technology are becoming a prevalent trend in the storage and warehouse leasing industry. To maintain their market standing and improve operational efficiencies, major players in this industry are increasingly embracing technology. For instance, Beijing Geekplus Technology Co. Ltd., a tech firm based in China, launched a multi-level storage and retrieval system named Sky-Storage & Ground-Pick in April 2022. This four-way shuttle warehouse storage and collection solution enhances storage density while allotting the ground level to picking tasks managed by the P800 robots, their flagship product. This solution has the potential to convert large warehouses into compact, highly efficient storage and distribution facilities.
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What Are the Emerging Geographies for The Storage And Warehouse Leasing Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Storage And Warehouse Leasing Market?
2. What is the CAGR expected in the Storage And Warehouse Leasing Market?
3. What Are the Key Innovations Transforming the Storage And Warehouse Leasing Industry?
4. Which Region Is Leading the Storage And Warehouse Leasing Market?
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