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Growing Need For Warehousing And Storage Services Drives Growth In The Storage And Warehouse Leasing Market: Strategic Insights Driving Storage And Warehouse Leasing Market Momentum 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.How Large Will the Storage And Warehouse Leasing Market Size By 2025?
The market size for storage and warehouse leasing has experienced robust growth in the preceding years. A hike from $70.48 billion in 2024 to $75.76 billion in 2025 is projected, corresponding to a compound annual growth rate (CAGR) of 7.5%. Factors such as per capita disposable income, rental vacancy rates, homeownership rate, business sentiment and the industrial production index have all contributed to this surge during the historic period.
How Big Is the Storage And Warehouse Leasing Market Size Expected to Grow by 2029?
In the subsequent few years, the market size for storage and warehouse leasing is projected to witness robust expansion. The market is anticipated to surge to a worth of $103.68 billion by 2029, scaling at a compound annual growth rate (CAGR) of 8.2%. The surge during the forecast period can be linked to the burgeoning demand for the mentioned applications globally, including the rising need for e-commerce, the escalating demand for third-party logistics, the growing need for pharmaceuticals, the expanding demand for food and beverages. Key trends observed during the forecast period consist of the widespread adoption of automation and robotics, the escalating demand for sustainable warehousing, the increased use of big data analytics, surging popularity of multi-story warehouses, and the rising utilization of cloud-based warehouse management systems.
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Which Key Market Drivers Powering Storage And Warehouse Leasing Market Expansion and Growth?
The anticipated surge in the requirement for warehousing and storage services is predicted to fuel the expansion of the storage and warehouse leasing market in the future. These services are associated with business operations that involve storing, handling, and managing products or goods for clients and businesses. Through storage and warehouse leasing, companies are provided with adaptable and scalable storage solutions, optimizing inventory management and freeing essential capital and resources for primary operations. For instance, the U.S. Bureau of Labor Statistics, a government agency from the U.S., reported in October 2024 that the number of institutions in the warehousing and storage sector rose from 21,938 in Q2 of 2023 to 22,671 in Q1 of 2024, indicating a growth of around 3.3%. Hence, the increasing requirement for warehousing and storage services propels the growth of the storage and warehouse leasing market.
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Which Fast-Growing Trends Are Poised to Disrupt the Storage And Warehouse Leasing Market?
Innovations in technology are becoming a significant trend in the storage and warehouse leasing industry. Leading corporations in this market are prioritizing the use of technology to achieve operational efficiencies and maintain market dominance. Taking an example from April 2022, a technology firm based in China, Beijing Geekplus Technology Co. Ltd., launched a multi-level storage and retrieval system named Sky-Storage & Ground-Pick. This four-way shuttle warehouse storage and collection solution not only increases storage capacity but also assigns the ground level to picking activities, carried out by the state-of-the-art P800 robots. This system has the potential to convert the most extensive warehouses into densely packed and highly efficient storage and distribution centers.
What Are the Emerging Segments in the Storage And Warehouse Leasing Market?
The storage and warehouse leasingmarket 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Storage And Warehouse Leasing Industry?
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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