Warehousing and Storage Market to Grow by USD 643.2 Billion (2025-2029), Rising Demand for Refrigerated Warehousing, AI Redefining Market Landscape - Technavio

NEW YORK, Jan. 2, 2025 /PRNewswire/ -- Report with market evolution powered by AI - The global warehousing and storage market size is estimated to grow by USD 643.2 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 8.2%  during the forecast period. growing demand for refrigerated warehousing is driving market growth, with a trend towards use of drones in warehouse management. However, need to comply with government regulations and policies hampers operational efficiency  poses a challenge. Key market players include Agility Public Warehousing Co. K.S.C.P, AP Moller Maersk AS, Aramex International LLC, C H Robinson Worldwide Inc., CJ CheilJedang Corp., CMA CGM SA Group, Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., Gati Ltd, Kerry Logistics Network Ltd., Kuehne Nagel Management AG, NFI Industries Inc., Nippon Express Holdings Inc., Omni Logistics LLC, Singapore Post Ltd., SNCF Group, United Parcel Service Inc., and XPO Inc..

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Warehousing And Storage Market Scope
Report Coverage	Details
Base year	2024
Historic period	2019 - 2023
Forecast period	2025-2029
Growth momentum & CAGR	Accelerate at a CAGR of 8.2%
Market growth 2025-2029	USD 643.2 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	7.0
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 40%
Key countries	US, China, Germany, Japan, Canada, India, UK, South Korea, France, and Italy
Key companies profiled	Agility Public Warehousing Co. K.S.C.P, AP Moller Maersk AS, Aramex International LLC, C H Robinson Worldwide Inc., CJ CheilJedang Corp., CMA CGM SA Group, Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., Gati Ltd, Kerry Logistics Network Ltd., Kuehne Nagel Management AG, NFI Industries Inc., Nippon Express Holdings Inc., Omni Logistics LLC, Singapore Post Ltd., SNCF Group, United Parcel Service Inc., and XPO Inc.

Market Driver

The warehousing and storage market is experiencing significant growth due to the rise of e-commerce and the increasing importance of logistics in business. Companies require efficient inventory management, leading to an increase in demand for third-party logistics services. Capacity and duration are crucial factors, with businesses seeking flexibility in storage solutions. Services offered include bonded, public, and private warehousing, refrigerated storage, mini-storage, and vehicle storage. Security, location, and accessibility are essential considerations. E-commerce businesses prioritize short-term storage for fast order fulfillment, while manufacturers may opt for long-term storage. Cost management is key, with businesses seeking cost-effective solutions. Warehouses offer various services such as cargo-handling systems, shelf monitoring software, and logistics services. Temperature control, product flow, and safety measures are essential for maintaining business efficiency and ensuring timely delivery. However, challenges include accessibility issues during peak seasons, packing and transporting goods, and transportation costs. Warehouses must provide efficient movement of goods, environmental control, and competitive edge through advanced technology and security options. In summary, the warehousing and storage market focuses on accommodating goods in a secure place, managing stock administration, and ensuring supply chain management through cost-effective, flexible, and efficient solutions. 

In the realm of warehousing and storage, accurate and dependable inventory data is vital for successful business operations. Effective inventory management determines a warehouse's capacity utilization and streamlines operational activities. This information is crucial for financial and operational decision-making and budgeting. In the quest for enhanced efficiency in inventory checking and management, innovative solutions like unmanned aerial vehicles (UAVs), also known as drones, are gaining popularity. These remote-controlled devices offer the advantage of real-time, aerial inventory assessments without the need for on-board pilots. By incorporating UAV technology into their operations, warehousing and logistics businesses can optimize their inventory management processes and make informed decisions based on current, comprehensive data. 

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 Market Challenges

• In today's business landscape, warehousing and storage have become crucial elements for e-commerce companies and traditional businesses alike. However, managing warehousing and storage comes with its own set of challenges. Capacity and duration are key concerns, especially during peak seasons or unexpected demand. Logistics and inventory management are complex processes that require efficient organization and cost management. Third-party logistics providers offer solutions, but cost, services, security, location, and accessibility are deciding factors. Bonded warehousing, public, and private warehousing each have their advantages and disadvantages. Refrigerated warehousing, mini-storage, vehicle storage, and self-storage cater to specific needs. Flexibility, safety measures, and material handling equipment are essential for efficient movement and timely delivery. However, challenges persist. Accessibility issues arise during unloading and transporting goods. Supply chain management, business efficiency, and order fulfillment depend on stock administration, temperature control, and request fulfillment. Transportation cost, product flow, and security options are critical factors in maintaining a competitive edge. Cargo-handling systems, shelf monitoring software, and logistics services help manage commercial space in industrial areas, ensuring the safe accommodation of goods. Short-term and long-term storage solutions cater to varying business needs, but security, surveillance, and expenses remain top priorities.
• The global warehousing and storage market is subject to various regulations that differ based on the specific type of warehouses and the industries they serve. For instance, chemical warehouses are subject to regulations such as the European Regulation 1989/654/EC and German ArbStattV, while e-commerce warehouses may need to comply with US Regulation 29CFR1910 and OSHA guidelines. Additionally, regulatory bodies like the Warehouse Development and Regulatory Authority (WDRA) and the International Organization for Standardization (ISO) set standards for all warehousing and storage facilities. Compliance with these regulations is crucial for market vendors to ensure safe and efficient operations.

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Segment Overview 

This warehousing and storage market report extensively covers market segmentation by  

Application 

• 1.1 Manufacturing
• 1.2 Consumer goods
• 1.3 Retail
• 1.4 Healthcare
• 1.5 Others

Product 

• 2.1 General
• 2.2 Refrigerated
• 2.3 Farm products

Geography 

• 3.1 APAC
• 3.2 North America
• 3.3 Europe
• 3.4 South America
• 3.5 Middle East and Africa

1.1 Manufacturing-  Warehouses play a crucial role in various industries including manufacturing, e-commerce, construction, automotive, and agriculture. They serve as collection and storage places for raw materials and finished products before distribution. Warehousing enables timely delivery and optimum distribution for manufacturing companies, leading to increased labor efficiency and customer satisfaction. It also reduces errors and damage during the order fulfillment process and ensures the safety of manufactured goods before and during transit. With the expansion of manufacturing businesses globally, the demand for warehouse space. Since 2000, distribution and warehouse space in the manufacturing industry has grown by 86.2 percent due to its high cost and necessity for operation. India's manufacturing sector, which is rapidly growing, is expected to reach Industry 4.0 standards with initiatives like the National Manufacturing Policy and the production-linked incentive (PLI) scheme. These initiatives aim to increase the manufacturing sector's share in the GDP to 25 percent by 2025 and develop it to global manufacturing standards. Consequently, the demand for warehousing and storage in the manufacturing segment is projected to expand during the forecast period.

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Research Analysis

The Warehousing and Storage market encompasses various types of facilities designed to store and manage goods, including E-commerce, logistics, and inventory management solutions. Capacity and duration are essential factors, with services ranging from third-party logistics to self-storage. Security, location, and accessibility are crucial considerations, with options including bonded, public, and private warehouses. Refrigerated warehousing caters to perishable goods, while mini-storage and vehicle storage serve specific needs. Flexibility, organization, and cost management are key benefits, but challenges include accessibility issues, packing and transporting costs, and potential disadvantages such as high upfront costs and inflexible contracts. Effective warehousing and storage solutions are integral to business efficiency, order fulfillment, and overall supply chain success.

Market Research Overview

The Warehousing and Storage market encompasses various types of warehouses catering to diverse industries and business needs. E-commerce businesses heavily rely on this market for efficient logistics and inventory management. Third-party logistics providers offer capacity and duration flexibility, while cost management is a significant consideration. Services range from security, location, and accessibility, including bonded, public, private, refrigerated, mini-storage, vehicle, and self-storage. Flexibility, organization, and cost management are essential for business efficiency and order fulfillment. However, challenges include accessibility issues, packing and transporting, and supply chain complexities. Warehousing solutions offer competitive edges through cargo-handling systems, shelf monitoring software, and logistics services. Commercial and industrial areas provide ample commercial space for goods storage, accommodating both short- and long-term storage. Safety measures, material handling equipment, temperature control, and environmental control ensure the security and efficient movement of goods, leading to timely delivery.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Manufacturing
• Consumer Goods
• Retail
• Healthcare
• Others
• Product
• General
• Refrigerated
• Farm Products
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio