General Warehousing And Storage Industry Expected to Reach $456.64 Billion by 2029 at 7.3% CAGR

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General Warehousing And Storage Market Value Projection: How Much Will the Market Size by 2025?
The overall size of the general warehousing and storage market has seen robust growth in the past few years. It is estimated to expand from $322.35 billion in 2024 to $344.62 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors such as industrialization and urbanization, global trade expansion, the evolution of e-commerce and supply chain, compliance with regulations and safety standards, and economic development and consumerism have contributed to the growth in the historical period.

What Will Be the Market Growth Forecat for General Warehousing And Storage in 2029?
The overall market size for warehousing and storage is set to experience robust growth in the coming years, reaching a value of $456.64 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. This anticipated growth during the forecast period can be credited to factors like resilience in the supply chain, the uptake of robotics and automation, the implementation of sustainable and environmentally friendly warehousing practices, and end-point delivery solutions. Key trends in this forecast period consist of amalgamation with cutting-edge technologies, distribution centers that operate on multiple channels, warehouse designs that offer flexibility and can be scaled up or down, and cooperative warehousing models.

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What Are the Strategic Drivers Boosting General Warehousing And Storage Market Performance?
The ascension in the general warehousing and storage market is linked to an increase in macroeconomic foundations such as export-import commerce, the retail sector, and the industrial production index. Growth in the industrial production index is anticipated to boost further growth in the general warehousing and storage market. The industrial production index (IPI) annually gauges the levels of productivity and capacity in industries such as manufacturing, mining, electricity, and gas. Given the surge in industrial production, warehouses come into play to store finished goods. For instance, the National Bureau of Statistics of China, a government agency based in China, reported in September 2023 that industrial production in China augmented by 5.10% in July 2024, compared to the same month last year. Additionally, industrial production in India escalated by 5.90% in May 2024, in comparison with the same month from the previous year. Consequently, the tug of growth in the industrial production index is fueling the expansion of the general warehousing and storage market.

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Which General Warehousing And Storage Market Segment Is Projected to See the Fastest Growth?
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

Which Trends Are Opening New Opportunities in the General Warehousing And Storage Market?
Mobile technology has become increasingly popular among warehouse proprietors as it aids in the execution and monitoring of warehouse processes, decreasing both time and manpower needed. This term encompasses tablets, smartphones, and other portable communication and information devices. They employ technologies such as GPS, RFID, VoIP, digital imaging, and voice recognition to monitor equipment status, efficiency, and warehouse operations. These offer faster data input and hands-free operation. For example, IAM Robotics, a US automation technology firm, introduced an automated solution called Lumabot in June 2023. This solution assists warehouses with order fulfillment and uses the company's new Meet Me technology to synchronize human and robotic operations within a unified system. This aids the warehousing, logistics, and manufacturing sectors in enhancing productivity, reducing operational hazards, and scaling without increasing staff numbers. Furthermore, the Lumabot can control the tasks of all the warehouse associates and mobile robots, making it a valuable asset for business growth.

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Who Are the Leaders in the General Warehousing And Storage Market?
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 Regional General Warehousing And Storage Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the general warehousing and storage market in 2024. The regions covered in the general warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.

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