General Warehousing and Storage Market
General Warehousing and Storage Market Trend, Opportunity, and Forecast Analysis, 2024-2033
General Warehousing and Storage Market is segmented by Type of Warehouses, Ownership, End Use, and by Region. KDMI analyst’s growth analysis foresees market revenue to cross USD 710.6 Billion by 2033 by growing with a CAGR of 3.8% during 2024-2033.
General Warehousing and Storage Market Highlights
The global general warehousing and storage market is expected to cross a market size of USD 710.6 Billion by the end of 2033. The market size was valued at USD 510.9 Billion in 2023 and is expected to expand at a CAGR of 3.8% between 2024-2033.
- Over the mid-term, the expanding e-commerce industry is the primary factor anticipated to drive the global general warehousing and storage market.
- Increasing cost of labor is a major factor to challenge the market growth.
- The Asia Pacific general warehousing and storage market is projected to dominate the global market.
General Warehousing and Storage Market: Report Scope |
|
Base Year |
2023 |
Base Year Market Size |
USD 510.9 Billion |
Forecast Year |
2024-2033 |
Forecast Year Market Size |
USD 710.6 Billion |
CAGR Value |
3.8% |
General Warehousing and Storage Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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General Warehousing and Storage Market Segmentation |
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General Warehousing and Storage Market Key Players |
GLP (Global Logistic Properties), Goodman Group, DHL Supply Chain, Prologis, Yusen Logistics, Nippon Express, Kuehne + Nagel, CEVA Logistics, DB Schenker, XPO Logistics, Agility Logistics, and GEODIS, and others. |
General Warehousing and Storage Market Outlook
The provision of space and facilities for storing goods for a stipulated time duration is known as general warehousing and storage. These facilities form an important part of the overall supply chain as it allows for keeping the stored products safe, organized, and readily accessible for distribution.
According to our experts at KD Market Insights, one of the major factors anticipated to drive the growth of the global general warehousing and storage market is the expanding e-commerce industry worldwide. Our researchers predict that the global e-commerce industry is poised to reach USD 10 trillion over the next 3 years. With the expanding e-commerce industry globally and the number of consumers preferring shopping online, the demand for warehousing and storage solutions is on the rise. This in turn, is projected to drive the demand for general warehousing and storage solutions. GLP (Global Logistic Properties), Goodman Group, and DHL Supply Chain are some of the significant parties in the global market for general warehousing and storage.
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General Warehousing and Storage Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the global general warehousing and storage market are:
- Increasing preference for omnichannel retailing: Omnichannel retailing is defined as the shopping experiences where customer can enjoy the store’s experience both in online and offline format. With the growing penetration of smartphones and rise in preferences of consumers for online and virtual shopping experiences from the ease of their homes, retailers are increasingly focusing on setting up their online presence and are raising their store inventory in warehouses to support the online orders. Such a factor is therefore expected to drive the demand for warehouse spaces.
- Rising urbanization trend: The market growth of general warehousing and storage can also be attributed to the surge in trend of urbanization around the globe. As people move to cities, the space available for businesses to operate their processes and to store their inventory is very less, which in turn, raises the need for warehouse and storage spaces. Such a factor is therefore expected to contribute to the growth of the global general warehousing and storage market.
Which Probable Factors Could Hamper the Growing General Warehousing and Storage Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of general warehousing and storage are:
- Increasing cost of labor: Non-automated warehouses and storage spaces depend on manual labor. Hence, with the increasing labor costs, the overall operational costs of warehouse operations would increase, thereby squeezing the profitability of the operators.
- Growing cost of land and construction: The cost of land worldwide, especially in urban areas with limited space, is increasing. This, as a result, raises the overall investment required for building new warehousing facilities.
How is the Global General Warehousing and Storage Market Segmented?
Our experts at KD Market Insights have segmented the global general warehousing and storage market research report as:
By Type of Warehouses |
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By Ownership |
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By End Use |
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By Region |
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What are the Probable Factors Influencing the Asia Pacific General Warehousing and Storage Market Forecast?
The Asia Pacific general warehousing and storage market is majorly driven by the rapidly expanding infrastructure development, including transportation networks, ports, and logistics hubs. Moreover, several countries in the region are developing new trade routes which is also expected to create new growth opportunities for the market in the coming years. For instance, the Belt and Road Initiative (BRI) of China aims at promoting new trade routes and logistics infrastructure.
As per our analysts at KD Market Insights, the following five players lead the Asia Pacific general warehousing and storage market growth:
- GLP (Global Logistic Properties)
- Goodman Group
- DHL Supply Chain
- Prologis
- Yusen Logistics
Key Countries to Watch for in Asia Pacific General Warehousing and Storage Market |
Key Insights |
China General Warehousing and Storage Market to Register the Largest Regional Market Share in 2033 |
USD 63.95 Billion |
Japan General Warehousing and Storage Market to Grow with the Highest CAGR During 2024-2033 |
4.1% |
Which Key Players Top the Global General Warehousing and Storage Market Share?
As per our analysts at KD Market Insights, the competitive landscape of global general warehousing and storage market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with general warehousing and storage market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global general warehousing and storage market share:
- GLP (Global Logistic Properties)
- Goodman Group
- DHL Supply Chain
- Prologis
- Yusen Logistics
- Nippon Express
- Kuehne + Nagel
- CEVA Logistics
- DB Schenker
- XPO Logistics
- Agility Logistics
- GEODIS
What are the Recent Developments Observed in the General Warehousing and Storage Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with global general warehousing and storage market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
For instance, Amazon India stated that it has leased a warehouse facility in Pune for a period of 20 years. The 154,000 sq.ft facility has been leased from InsoSpace as part of Amazon’s strategy to expand its warehousing and logistic capabilities.
Further, Hai Robotics stated that it has launched the HaiPick A42T-E2, HaiPick System 3, and the Grapple Hook ACR. These innovations are focused on enhancing picking efficiency in warehouses and also for expanding storage density.
- Executive Summary
- Market Overview
- Key Findings
- Market Trends
- Market Outlook
- Introduction
- Scope of the Report
- Research Methodology
- Definitions and Assumptions
- Acronyms and Abbreviations
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Global General Warehousing and Storage Market
- Market Overview
- Market Size and Forecast
- Market Segmentation
- By Type of Warehouses
- By Ownership
- By End Use
- By Region
- Market Segmentation by Type of Warehouses
- General, Refrigerated, and Farm Product
- Market Segmentation by Ownership
- Private, Public, and Bonded
- Market Segmentation by End Use
- Manufacturing, Consumer Goods, Retail, Food and Beverage, IT Hardware, Healthcare, Chemicals, and Others
- Regional Analysis
- North America
- United States
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Canada
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Mexico
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- United States
- Europe
- United Kingdom
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Germany
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- France
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Italy
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Spain
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Rest of Europe
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- United Kingdom
- Asia Pacific
- China
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Japan
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- India
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Australia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- South Korea
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Rest of Asia Pacific
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- China
- Latin America
- Brazil
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Argentina
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Colombia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Rest of Latin America
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Brazil
- Middle East & Africa
- South Africa
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Saudi Arabia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- UAE
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- Rest of Middle East & Africa
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Type of Warehouses, Ownership and End Use
- South Africa
- North America
- Competitive Landscape
- Market Share Analysis
- Company Profiles
- GLP (Global Logistic Properties)
- Goodman Group
- DHL Supply Chain
- Prologis
- Yusen Logistics
- Nippon Express
- Kuehne + Nagel
- CEVA Logistics
- DB Schenker
- XPO Logistics
- Agility Logistics
- GEODIS
- Strategic Recommendations
- Appendix
- List of Tables
- List of Figures
- References
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Request for Customized Report- Publication date: 15th June 2024
- Base year: 2023
- Forecast year: 2024-2033
- Format: PDF, PPT,Word,Excel