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Growing Need For Warehousing And Storage Services Drives Growth In The Storage And Warehouse Leasing Market: Critical Driver Shaping the Storage And Warehouse Leasing Market in 2025
Storage And Warehouse Leasing
Storage And Warehouse Leasing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for storage and warehouse leasing has observed robust growth in the recent past. It is projected to expand from a size of $70.48 billion in 2024 to $76.26 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.2%. The historical growth can be associated with factors such as the rate of per capita disposable income, rates of rental vacancies, homeownership rates, business sentiment, and the industrial production index.
Storage And Warehouse Leasing Market Size Forecast: What's the Projected Valuation by 2029?
The projected future of the storage and warehouse leasing market size projects substantial growth in the coming years, expected to rise to $104.55 billion in 2029 at an annual compound growth rate (CAGR) of 8.2%. The growth during the forecasted period can be associated with heightened global need for the following applications - heightened e-commerce demand, third-party logistics, pharmaceuticals, and food and beverage. Key trends expected in the forecast period include a surge in the adoption of automation and robotics, increased demand for environmentally friendly warehousing, the rise in the utilization of big data analytics, the growing popularity of multi-story warehouses, and a heightened use of cloud-bases warehouse management systems.
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What Are the Drivers Transforming the Storage And Warehouse Leasing Market?
The rise in the necessity for warehousing and storage solutions is anticipated to fuel the expansion of the storage and warehouse leasing sector in the future. Services in storage and warehousing involve business functions related to the management, handling, and storing of goods and products for client businesses. They offer scalable and adjustable storage options for corporations, thereby enhancing the management of inventory and releasing capital and resources needed for primary operations. For example, the U.S. Bureau of Labor Statistics, a government agency in the United States, reported in October 2024 that warehousing and storage establishments increased from 21,938 during the second quarter of 2023 to 22,671 in the initial quarter of 2024, indicative of a growth of nearly 3.3%. Hence, the burgeoning demand for storage services and warehousing fuels the market growth of the storage and warehouse leasing industry.
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What Long-Term Trends Will Define the Future of the Storage And Warehouse Leasing Market?
The emergence of technological advancements is becoming a notable trend in the storage and warehouse leasing industry. To achieve operational efficiencies and maintain their market standing, major firms within this market are focusing on the utilization of these technologies. For example, Beijing Geekplus Technology Co. Ltd., a tech firm based in China, unveiled a multilevel storage and retrieval system, Sky-Storage & Ground-Pick, in April 2022. This four-way warehouse storage and pickup solution improves storage density and allocates ground floor operations to its flagship P800 robots. This approach potentially transforms sizable warehouses into compact, well-organized storage, and distribution centers.
Which Segments in the Storage And Warehouse Leasing Market Offer the Most Profit Potential?
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 Firms Dominate the Storage And Warehouse Leasing Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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