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Influence Of Industrial Production Drives The General Warehousing And Storage Market: A Key Catalyst Accelerating General Warehousing And Storage Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.General Warehousing And Storage Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Growth has been substantially robust in the general warehousing and storage market size in the past few years. A surge from $395.41 billion in 2024 to $429.22 billion in 2025 is expected, translating to a compound annual growth rate (CAGR) of 8.5%. Various factors have spurred growth in the past, including the rise of industrialization and urbanization, burgeoning global trade, evolution of e-commerce and supply chains, adherence to regulatory norms and safety standards, economic expansion, and consumerism.
General Warehousing And Storage Market Size Forecast: What's the Projected Valuation by 2029?
The overall market volume for warehousing and storage is predicted to see robust expansion in the coming years. It's projected to reach $563.09 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth over the projected period include the resilience of the supply chain, the implementation of robotics and automation, the adoption of sustainable and eco-friendly storage practices, and the development of last-mile delivery solutions. Key trends for the future will see the integration of high-tech solutions, multi-channel distribution facilities, adaptive and scalable storage structure designs, and cooperative warehouse models.
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What Are the Drivers Transforming the General Warehousing And Storage Market?
The general warehousing and storage market's expansion is fueled by improvements in macroeconomic fundamentals such as export-import commerce, the retail sector, and the industrial production index. The surge in the industrial production index is anticipated to spur the growth trajectory of the general warehousing and storage market. Annually, the industrial production index assesses manufacturing, mining, electricity, and gas sectors' production and capacity levels. The surge in industrial output leads to an increased requirement for warehouses to store finished products. For instance, the National Bureau of Statistics of China reported in September 2023 that China's industrial production rose by 5.10% in July 2024 from the same month the previous year. Similarly, India's industrial output rose 5.90% in May 2024, compared to the same period the previous year. Therefore, the escalating industrial production index is fueling the expansion of the general warehousing and storage market.
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What Long-Term Trends Will Define the Future of the General Warehousing And Storage Market?
Warehouse proprietors have increasingly taken to mobile technologies, since they help streamline and monitor warehouse operations, leading to reductions in both time and labor use. Such technology, including tablets, smartphones, and other portable communication and information devices, employ GPS, RFID, VoIP, digital imaging, and voice technology to keep track of equipment condition, functionality, and warehouse operations. Additionally, they also allow for hands-free operation and expedited data entry. For example, in June 2023, a US automation tech firm called IAM Robotics unveiled an automated solution named Lumabot, designed to aid warehouses in order fulfilment. Lumabot utilizes the company's novel Meet Me technology for ensuring smooth coordination between human workers and robots, thereby fuelling efficiency, reducing operational risk, and facilitating scalability without necessitating the addition of manpower. Lumabot also efficiently oversees the tasks of all warehouse workers and mobile robots, thereby invaluably contributing towards business expansion.
Which Segments in the General Warehousing And Storage Market Offer the Most Profit Potential?
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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Which Firms Dominate the General Warehousing And Storage Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the General Warehousing And Storage Market?
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.
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