DHL International GmbH, C.H. Robinson Worldwide, Inc., CEVA Logistics, and DSV A/S, among others, are the major players in the global market for warehousing and storage.
As per the analysis by Expert Market Research, the global warehousing and storage market is expected to grow in the forecast period of 2022-2027 at a CAGR of 4.5%, driven by a surge in the e-commerce sector.
Finished and semi-finished commodities, raw materials, and items that will be processed and exported are all stored in warehouses. In addition to ensuring a smooth flow of manufacturing and distribution activities, warehousing and storage facilities assist firms in protecting goods from insects and pests.
Due to a rise in e-commerce, the global warehousing and storage market has shown strong growth in recent years. The expansion of trade in developing nations like Brazil, Russia, India, and China is responsible for the growth of the market for warehousing and storage. The market is particularly anticipated to grow as a result of the increased demand for refrigerate storage. The rising retail demand for consumables and a rise in foreign competitors entering domestic markets, is raising the need for warehousing and storage, with the Asia Pacific region dominating the sector.
Mobile technologies are becoming more and more popular among warehouse owners because of their ability to conduct and track warehouse activities, along with cutting down on labour costs. Laptops, smartphones, and other portable communications and information devices are all examples of mobile technology. For warehouse operations and equipment status, output, and monitor, such devices make use of GPS, RFID, VoIP, digital imaging, and voice technology. Additionally, these technologies provide faster data entry and hands-free operations. However, increasing industrial infrastructure expenses, warehouse rentals, and expensive start-up costs could limit the warehousing and storage market expansion during the forecast period.
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The German logistics company Deutsche Post operates a worldwide courier, package delivery, and express mail service DHL International GmbH. Its divisions provide a portfolio of logistics services that is unmatched in the industry, including industrial supply chain management, national and international parcel delivery, e-commerce shipping and fulfilment options, international express, road, air, and ocean transport, and international express shipments.
|Headquarters:||Minnesota, United States|
An American Fortune 500 company, C.H. Robinson offers third-party logistics and multimodal transportation services. The company offers brokerage, warehousing, freight transportation, and transportation management. It provides air freight, less-than-truckload, intermodal, truckload, and ocean transportation.
For large or medium-sized domestic and international businesses, CEVA Logistics operates and delivers transportation and supply-chain solutions. Customers can choose between contract logistics, freight management, or a combination of these services from CEVA.
DSV A/S offers logistical and transportation services. The company provides logistical services such warehousing, order management, and air, sea, and land transportation. International clients are also served by DSV.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.