North America Warehousing and Storage Market Size, Share, Latest Insights and Forecast 2025-2033

IMARC Group has recently released a new research study titled "North America Warehousing and Storage Market Report by Warehouse Type (General Warehousing and Storage, Refrigerated Warehousing and Storage, Farm Product Warehousing and Storage), Ownership Type (Private Warehouses, Public Warehouses, Bonded Warehouses), End-Use (Manufacturing, Consumer Goods, Retail, Food and Beverage, IT Hardware, Healthcare, Chemicals, and Others), and Country 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The North America warehousing and storage market size reached USD 88.2 Billion in 2024 and is expected to reach USD 109.2 Billion by 2033. The market is projected to grow at a CAGR of 2.28% during the forecast period from 2025 to 2033. This growth is driven by rising demand in sectors such as automotive, manufacturing, retail, technology, healthcare, and construction, as well as the expansion of e-commerce and demand for refrigerated storage facilities.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

North America Warehousing and Storage Market Key Takeaways

• Current Market Size: USD 88.2 Billion in 2024
• CAGR: 2.28% from 2025 to 2033
• Forecast Period: 2025-2033
• Warehouses store finished goods, raw materials, semi-finished goods, and imported/exported goods to maintain supply chain flow.
• Warehouses are categorized into general warehousing and storage, refrigerated warehousing and storage, and farm product warehousing and storage.
• Increasing demand from automotive, manufacturing, retail, technology, healthcare, and construction sectors drives market growth.
• Growing e-commerce use has escalated the demand for warehousing facilities.
• Rising popularity of frozen foods is boosting refrigerated storage and warehousing demand.

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North America Warehousing and Storage Market Growth Factors

The North America warehousing and storage market is propelled by the expanding needs of manufacturing companies outsourcing warehousing services for their operational and production expansions. This surge in outsourcing leads to increased logistics requirements including storage of raw materials and finished goods. Shippers prioritize outsourcing logistics processes to warehouse service providers to enhance operational efficiency and reduce costs, enabling them to focus on core competencies effectively.

Warehousing and storage also play a pivotal role in inventory management, helping businesses to balance supply and demand in an unpredictable market environment. Centralized storage reduces transportation costs by simplifying receiving, holding, and distributing goods efficiently. Warehouses act as buffers that maintain equilibrium between supply and demand, thereby supporting consistent business profitability and reducing operational hiccups.

Additionally, warehouses provide social benefits by assisting clients to maintain safety stocks for emergencies such as transportation delays or shipment defects. The growing popularity of frozen foods has escalated the demand for refrigerated warehousing, offering safe storage solutions that extend food shelf life and meet consumer preferences. Furthermore, the rise of e-commerce has significantly increased the need for warehousing infrastructure to meet rapid delivery expectations.

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North America Warehousing and Storage Market Segmentation

Breakup By Warehouse Type

• General Warehousing and Storage: Facilities for storing a wide range of finished goods and raw materials serving multiple industries.
• Refrigerated Warehousing and Storage: Specialized storage solutions for frozen and refrigerated products, especially driven by the frozen food market.
• Farm Product Warehousing and Storage: Warehouses dedicated to agricultural products, supporting the farming and food supply chain.

Breakup By Ownership Type

• Private Warehouses: Facilities owned and operated by companies for internal logistics and storage needs.
• Public Warehouses: Third-party owned warehouses available for use by multiple businesses on a rental or lease basis.
• Bonded Warehouses: Secure facilities where imported goods can be stored without payment of duties until cleared.

Breakup By End-Use

• Manufacturing: Warehousing services supporting raw materials and finished goods for manufacturers.
• Consumer Goods: Storage focused on fast-moving consumer products.
• Retail: Warehouses supporting retail inventory and distribution.
• Food and Beverage: Facilities catering to food products including both refrigerated and general storage.
• IT Hardware: Storage solutions for information technology equipment.
• Healthcare: Warehousing for medicines, medical devices, and health-related products.
• Chemicals: Storage for chemical materials ensuring safety and compliance.
• Others: Various other industries requiring warehousing solutions.

Regional Insights

The market analysis covers three primary countries: United States, Canada, and Mexico. The United States dominates the North America warehousing and storage market, driven by vast manufacturing and retail sectors, and significant growth in e-commerce and refrigerated storage demands. This regional dominance is supported by favorable logistics infrastructure and expanding industrial activities. Canada and Mexico also contribute notably due to their respective manufacturing and agricultural product storage needs.

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Competitive Landscape

The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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This release was published on openPR.