Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

 According to the latest report by IMARC Group, titled "Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global market reached a value of US$ 451.9 Billion in 2021. Looking forward, IMARC Group expects the global warehousing and storage market to reach US$ 605.6 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027.

Warehousing and storage refer to a physical space that is commonly used for accumulation purposes. It usually includes shelves and racks, inventory control software, lifting tools and security systems. These places can be a small spare room, garage, basement or rented, or purchased space in a building that generally varies depending upon the size of the business. They are widely utilized for storing inventories, such as imported and exported commodities, finished and semi-finished products, equipment, and raw materials. Besides this, they help in reducing the asset management cost, ensuring timely delivery of finished goods and facilitating smooth production processes.Warehousing and Storage Market

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/warehousing-and-storage-market/requestsample

Warehousing and Storage Market Trends and Drivers:

The global market is primarily driven by the rising demand for outsourcing warehouse services. This is supported by significant growth in the manufacturing industry and rapid globalization. Along with this, continuous improvements in the pharmaceutical infrastructure have led to the increasing popularity of refrigerated warehousing and storage facilities, thereby creating a positive outlook for the market. Also, the escalating consumption of frozen food products among the masses is further providing an impetus to the market growth. Moreover, a considerable rise in the preference for online shopping among individuals due to the convenience offered by e-commerce portals across the globe has provided a boost to the market growth. Furthermore, the growing utilization of advanced technologies with warehousing and storage services is acting as another major growth-inducing factor. For instance, the widespread adoption of automated picking tools, automated guided vehicles, sensors and robots that help in reducing human errors are positively influencing the market growth. 

Market Summary:

• On the basis of the type of warehouses, the market has been segmented into general warehousing and storage, refrigerated warehousing and storage and farm product warehousing and storage. Among these, general warehousing and storage represent the biggest market share.
• Based on the ownership, the market has been segregated into private, public and bonded warehouses.
• On the basis of the end-use, the market has been classified into manufacturing, consumer goods, retail, food and beverage, IT hardware, healthcare, chemicals and others.
• Based on the region, the market has been divided into North America, Asia Pacific, Europe, the Middle East and Africa and Latin America.
• The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/warehousing-and-storage-market

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800