Warehousing And Storage Market to Grow at 7.7% CAGR, Reaching $960.2 Billion by 2029

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Warehousing And Storage Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, there has been a significant expansion in the warehousing and storage market. The size of the market is expected to increase from $664.16 billion in 2024 to $713.06 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The surge in past years can be tied to the rising need for refrigerated warehousing and the growing popularity of the omnichannel model.

Warehousing And Storage Market Forecast: What Size Will It Reach By 2029?
The size of the warehousing and storage market is predicted to experience significant expansion in the coming years, escalating to a valuation of $960.2 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. This anticipated growth for the forecasted period can be credited to the rising e-commerce industry, an expanding population, and the growth of the industrial sector. Key trends anticipated during this time include the implementation of advanced technologies like drone technology for real-time inventory monitoring, a concentration on automation within warehouses, and the utilization of warehouse management systems (WMS) for managing warehouse operations, such as inventory management, order fulfillment, and labor management. Other notable trends include a focus on facility enhancements, the introduction of intelligent warehouse technology, and a concentration on mergers and acquisitions.

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Which Key Market Drivers Will Shape Warehousing And Storage Industry Trends in 2025-2029?
The expansion of the warehousing and storage market is anticipated to be driven by the rising demand for refrigerated warehousing and storage. These are infrastructure or facilities fitted with unique refrigeration or cooling systems, designed to maintain low temperatures. The warehousing process benefits from refrigerated warehousing and storage as it accommodates goods that require low temperatures, expands the customer base, and complies with stricter regulations. For example, in July 2022, the Cold Chain Federation, a UK association, reported that cold storage capacity in the UK had exceeded 40 million cubic meters, marking a 10% increase from 2021. Moreover, the cold storage sector's electricity expenses have risen from $676 million in 2021 to a projected $1.33 billion in 2022. Consequently, the increasing demand for refrigerated warehousing and storage is fuelling the growth of the warehousing and storage market.

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What Are the High-Growth Segments in the Warehousing And Storage Market?
The warehousing and storage market covered in this report is segmented -

1) By Type: General Warehousing And Storage, Refrigerated Warehousing And Storage, Specialized Warehousing And Storage, Farm Product Warehousing And Storage
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses, Cooperative Warehouses
3) By End-Use: Retail Industry, Manufacturing Industry, Consumer Goods Industry, Food And Beverages Industry, Healthcare Industry, E-Commerce, Other End Use

Subsegments:
1) By General Warehousing And Storage: Ambient Storage, Bulk Storage, Public Warehousing, Private Warehousing, Refrigerated Warehousing and Storage
2) By Refrigerated Warehousing And Storage: Frozen Storage, Chilled Storage, Cold Chain Storage
3) By Specialized Warehousing And Storage: Hazardous Material Storage, High-Value Item Storage, Bonded Warehousing
4) By Farm Product Warehousing And Storage: Grain Storage, Livestock Feed Storage, Produce Storage, Seed Storage

Which Global Trends Are Driving Warehousing And Storage Market Expansion?
Leading firms in the warehousing and storage market are concentrating on launching plug-and-play warehouse automation systems to maintain a competitive edge. This kind of automation system is an out-of-the-box, pre-set solution intended to enhance and streamline different warehouse tasks and processes without requiring extensive customization or integration. For example, AutoStore Holdings, an automation company based in Norway, unveiled AutoStore Pio, a plug-and-play warehouse automation system designed for small-to-medium enterprises, in January 2023. The system incorporates AutoStore's Cube Storage technology, where a pattern of robots is used to transport storage bins across the warehouse. Pio's novel pay-per-pick application of AutoStore cube storage technology is targeted towards sports goods, apparel, craft, and cosmetic retailers.

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Who Are the Fastest-Growing Companies in the Warehousing And Storage Industry?
Major companies operating in the warehousing and storage market include Deutsche Post DHL Group, GXO Logistics Inc., Kuehne + Nagel International AG, Geodis Group, DSV A/S, Cold Storage Management Services (Pty) Ltd, Docustore Cc, Storall, Nippon Express, GLS Parcel Service, Lidl Great Britain Limited, DB Schenker, Brasfrigo S/A, Mitsubishi Logistics, Combi Logistics, Ryder System Inc., Ukr Trading FZ LLC, GMK Logistics, INDU Logistics, Aldi Stores Limited, Martini Meat S.A. Armazens Gerais, Frialsa, Amazon France Logistique, Sozo Logistics (Pty) Ltd, CJ Logistics, Green Africa Container Depots (Pty) Ltd, Central Consumable Services Cc, LODI, Agility Logistics, Qualianz, Dubai CommerCity, Freedom warehousing and solutions, Bina Global Transport, Verks Global Logistics (VGL), Friozem Armazens Frigorificos Ltda, Fukuyama Transporting Co, Sysco EastTexas Llc, DH warehousing & fulfillment Ltd, G&S Logistics, Ryder Supply Chain Solutions, N B Refrigeration Ice And Cold Storage, AmeriCold Logistics LLC, Belleair Storage, BSC Logistics, Arfrio Armazens Gerais Friogorificos, Lagermax Lagerhaus und Speditions AG, Ridge Logistics, Yusen Logistics, Supply Chain Services, Al-Futtaim Logistics, ProConnect Integrated Logistics, CEVA Logistics, Envoy Networks Prep partners group, Isewan Terminal Service, Superfrio Armazens Gerais Ltda, Comfrio

What Is the Regional Outlook for the Warehousing And Storage Market by 2029?
Asia-Pacific was the largest region in the warehousing and storage market in 2024. North America was the second largest region in the warehousing and storage market. The regions covered in the warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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