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Warehousing Market Size, Share Global Analysis Report, 2022 – 2028
Warehousing Market Size, Share, Growth Analysis Report By Type (General Warehousing, Agriculture, Cold Storage, Container Freight, and Others), By End-User (Chemicals & Materials, Food & Beverages, Electronics, Pharmaceutical, Consumer Durables, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028
Industry Insights
[217+ Pages Report] According to the report published by Facts Factors, the global warehousing market size was worth USD 731.40 billion in 2021 and is estimated to grow to USD 1,180.12 billion by 2028, with a compound annual growth rate (CAGR) of approximately 8.30% over the forecast period. The report analyzes the warehousing market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the warehousing market.
Market Overview
To protect the quantity and quality of the items being held for future use, commodities and merchandise are stored through warehousing. Given that it acts as the hub for the collection, organization, and distribution of goods throughout the supply chain, it is an essential link in the logistics value chain. Every business owner needs warehouses and storage to build up inventory effectively and smoothly. Most warehouses have a loading dock where goods are unloaded and loaded. The warehouse is generally designed to unload and load goods straight from the harbor, the railway station, or the airport. Pallet racks in these warehouses hold ISO-standard pallets moved by forklifts and cranes. The export/import of commodities, the primary drivers of the storage market, is predicted to increase significantly in the future. Demand is expected to significantly increase by several new growth drivers, such as organized retail, information technology, telecommunications, and healthcare. Traditional growth-driven sectors like manufacturing and agriculture will continue to fuel demand (textile and auto auxiliary).
COVID-19 Impact:
The impact of COVID-19 on the global warehousing market has hindered the rapid rise of the warehousing market. It is mainly due to the decrease in imports from major trading countries such as China and Hong Kong that affected the volume of road and sea freight transported from other countries. Also, there will be a reduction in picking revenues in the warehousing industry as only essential commodities will be rotated. Further, the complete lockdown and transportation of only essential commodities had a negative growth rate in the market in 2020. However, e-commerce logistics and public and private sector initiatives to mitigate supply chain disruptions during the pandemic have increased the need for warehouse space.
Key Insights
- As per the analysis shared by our research analyst, the global warehousing market value is expected to grow at a CAGR of 8.30% over the forecast period.
- In terms of revenue, the global warehousing market size was valued at around USD 731.40 billion in 2021 and is projected to reach USD 1,180.12 billion by 2028.
- The export/import of commodities, the primary drivers of the storage market, is predicted to increase significantly in the future.
- By type, general warehousing dominated the market in 2021.
- By end-user, the food & beverages category dominated the market in 2021.
- North America dominated the global warehousing market in 2021.
Growth Drivers
- Expanding e-commerce sector is driving the market growth
The growing demand for storage space, the expanding e-commerce market, and the number of merchants are the main factors driving the expansion of the global warehousing market. Population expansion and rising household income are the main causes of the rising need for storage space. The rise in internet users and online sales is fueling the expansion of the e-commerce sector. Warehouses will adopt the latest technologies in the coming years, boosting the overall market.
Restraints
- The lack of uniform governance standards in the logistics industry is hampering the market growth
The lack of governance is a major impediment to the widespread adoption of warehousing. The logistics industry is highly fragmented, necessitating the development of a logistics IoT standard. Global transportation and logistics companies focus on increasing supply chain efficiency to maintain profitability and viability. There is a requirement to keep governance as consistent as possible, as having one authority per field would confuse. On the other hand, a high level of performance will result in end-to-end improvements in connected devices and integrated platforms. Thus, these factors are expected to hamper the global warehousing market.
Segmentation Analysis
The global warehousing market has been segmented into type, end-user, and region.
Based on type, the market is divided into general warehousing, agriculture, cold storage, and container freight. Among these, the general warehousing segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. The most typical kind of warehouse is used for general warehousing and storage. Food, drinks, clothing, furniture, and other household objects are just a few items kept at these warehouses. They can also be utilized to store raw materials and commercial goods.
Based on end-user, the market is classified into chemicals & materials, food & beverages, electronics, pharmaceutical, consumer durables, and others. In 2021, the food & beverage category dominated the global market. Food and beverage businesses use warehousing to keep a range of commodities, including perishables like food and drinks. These warehouses often use refrigeration equipment and climate control to maintain the proper temperature for the contents used to keep a wide range of products, such as perishables, food, and drinks.
Recent Developments
- October 2021: With the recent launch of their gateway facility in the Philippines, FedEx Express boosted support for businesses and e-commerce growth in the country.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 731.40 Billion |
Projected Market Size in 2028 |
USD 1,180.12 Billion |
CAGR Growth Rate |
8.30% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Acuity Management Solutions, Elevate, LexisNexis, BusyLamp, THOMSON Reuters, doeLEGAL, SimpleLegal, Onit, MITRATECH, Wolters Kluwer ELM Solutions., and others. |
Key Segment |
By Type, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Regional Landscape
- North America dominated the warehousing market in 2021
North America dominated the global warehousing market in 2021. Government officials are building warehouses with sophisticated features such as Web Map Service (WMS) functionality for tracking expiration dates, scanning barcodes, and managing inventory. To improve warehousing resources, governments in the area have undertaken several projects related to technological advances, infrastructure improvements, and taxation regulations.
Competitive Landscape
- Acuity Management Solutions
- Elevate
- LexisNexis
- BusyLamp
- THOMSON Reuters
- doeLEGAL
- SimpleLegal
- Onit
- MITRATECH
- Wolters Kluwer ELM Solutions.
Warehousing Market is segmented as follows:
By Type
- General Warehousing
- Agriculture
- Cold Storage
- Container Freight
- Others
By End-User
- Chemicals & Materials
- Food & Beverages
- Electronics
- Pharmaceutical
- Consumer Durables
- Others
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Acuity Management Solutions
- Elevate
- LexisNexis
- BusyLamp
- THOMSON Reuters
- doeLEGAL
- SimpleLegal
- Onit
- MITRATECH
- Wolters Kluwer ELM Solutions.
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