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The global warehousing and storage market size reached USD 488.42 billion in 2023. The market is expected to grow at a CAGR of 4.5% between 2024 and 2032, reaching almost USD 725.36 billion by 2032.
Every business relies on warehouses and storage facilities for effective inventory management. A warehouse serves as a site for housing finished products, raw materials, partially assembled items, and goods being imported or exported. The storage of goods is vital for their availability to end-users as required. At various stages of a product's value chain, a certain volume of goods must be stored.
According to the global warehousing and storage market report, adequate storage arrangements are critical for successful marketing, guaranteeing that products remain in prime condition. Storage also empowers organizations to maintain production levels in anticipation of future demand. Warehouses support uninterrupted production year-round and enable businesses to sell their merchandise whenever demand is strong.
According to the International Trade Administration, in 2022, there were over 27 million eCommerce users in Canada, accounting for 75% of the Canadian population. This number is expected to grow to 77.6% in 2025.
The expansion of the global warehousing and storage market is driven by technological progress, the rise of e-commerce, the integration of IoT, and the adoption of sustainable practices.
January 2024
CJ Logistics America unveiled a new cold storage warehouse in Gainesville, Georgia, with 270,000 sq. ft., led by RL Cold, equipped with Alta EXPERT Refrigeration and QFM blast freezing.
January 2024
Kandal Cold Storage Project, Cambodia's first cross-docking warehouse, was operational along the Mekong River in Kandal province, designed to preserve perishables, utilizing cross-docking for efficient logistics.
January 2024
Continental launched a fully automated high-bay warehouse at the Otrokovice, Czech Republic tyre plant, storing over 930,000 tyres, optimising logistics and reducing CO2 emissions.
October 2023
Finolex Cables, a prominent Indian electrical and communication cables manufacturer, unveiled its new 40,000-square-foot warehouse in Nelamangala, Bengaluru, enhancing logistics and operational capacity.
Technological advancement
The global warehousing and storage market development is attributed to a significant rise in automation. Robotics and AI-driven technologies are revolutionizing operations, enhancing efficiency, minimizing errors, and speeding up order fulfilment within the industry.
E-commerce
The expansion of online shopping drives demand for smaller, strategically positioned warehouses in urban areas, contributing to the growth of the global warehousing and storage market. These last-mile facilities facilitate swift deliveries, aligning with customer expectations in the rapid e-commerce environment.
IoT Integration
The introduction of Internet of Things (IoT) technologies is revolutionizing warehouses, providing instant visibility into inventory levels, equipment statuses, and environmental elements. This data-driven approach enhances decision-making, optimizes the use of assets, and streamlines operational procedures.
Sustainable practices
As per the global warehousing and storage market analysis, the industry is witnessing a rise in sustainability efforts, as warehouses increasingly adopt eco-friendly practices. This entails implementing energy-saving lighting, integrating solar power, reducing waste, and obtaining green building certifications to mitigate environmental effects and decrease operational expenses.
According to global warehousing and storage market study, warehouses are embracing modular construction methods for easy adjustments to storage needs. This flexibility enables efficient expansion or reorganization as business demands evolve.
Incorporating augmented reality (AR) in warehousing boosts productivity by providing hands-free information access, aiding navigation, and aiding in training. AR streamlines tasks reduces errors and enhances warehouse efficiency.
Global Warehousing and Storage Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Types of Warehouses
Market Breakup by Ownership
Market Breakup by End Use
Market Breakup by Region
General warehousing and storage drives the global warehousing and storage market growth by aiding in inventory organization and categorization, simplifying stock tracking and management for enhanced efficiency
Storing goods in bulk yields cost advantages from economies of scale. Efficient inventory management enhances order processing speed, boosting customer satisfaction. General warehousing offers seasonal adaptability, security, and efficient space use.
Refrigerated storage preserves perishables, reduces spoilage, adheres to regulations, expands market reach, maintains product quality, and enhances supply chain efficiency for temperature-sensitive items.
Based on end-use, the global warehousing and storage market share is led by manufacturing by storing raw materials for production, ensuring uninterrupted supply chains
Warehousing and storage play a vital role in manufacturing by storing items in progress and finished goods for distribution, maintaining buffer stock to prevent shortages, serving as distribution hubs for timely deliveries, and handling returns for resale.
In healthcare, warehouses store medical supplies, manage temperature-sensitive medications, stock emergency supplies, manage just-in-time deliveries, maintain medical equipment, and adhere to medication storage regulations for safety and efficacy.
Market players are increasing the global warehousing and storage market by aiding international trade and promoting business growth on a global scale.
DHL International GmbH, founded in 1969 in the USA, leads the global logistics sector. Operating with 600,000 staff across 220 nations, they facilitate international trade and support worldwide business expansion.
C.H. Robinson Worldwide, Inc. established in the USA in 1905, offers a diverse array of freight transportation, logistics, outsourcing, and sourcing solutions to a broad clientele exceeding 90,000 worldwide.
CEVA Logistics, founded in France in 2007, is a premier third-party logistics provider renowned for its transportation and supply chain solutions. They serve national and multinational corporations with dependable and efficient services.
DSV A/S, founded in Denmark in 1976, acts as the parent company for three main divisions: DSV Air & Sea, DSV Road, and DSV Solutions. They deliver comprehensive logistics services worldwide, emphasizing global reach and top-notch quality.
Other key players in the global warehousing and storage market are FedEx Corporation, Ryder System, Inc., NFI Industries, XPO, Inc., and AWL India Pvt Limited among others.
Based on region, the global warehousing and storage market share is led by North America. Government efforts are directed towards building sophisticated warehouses equipped with features such as Web Map Service (WMS) for monitoring expiration dates, barcode scanning, order fulfilment, and enhanced inventory management. Additionally, the expanding eCommerce industry is driving the need for upgraded storage infrastructure.
In Asia Pacific, market growth is driven by government projects to enhance technology, infrastructure, and taxation for warehousing. Many manufacturing and distribution centres are adopting automated processing for operational efficiency.
As per the National Investment Promotion and Facilitation Agency, the Indian e-commerce sector has been steadily progressing. In the fiscal year 2022-23, the Government e-marketplace (GeM) achieved its highest Gross Merchandise Value ever, reaching $2011 billion.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Types of Warehouses |
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Breakup by Ownership |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Warehousing and Storage Market Analysis
8.1 Key Industry Highlights
8.2 Global Warehousing and Storage Historical Market (2018-2023)
8.3 Global Warehousing and Storage Market Forecast (2024-2032)
8.4 Global Warehousing and Storage Market by Types of Warehouses
8.4.1 General Warehousing and Storage
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Refrigerated Warehousing and Storage
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Farm Product Warehousing and Storage
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Warehousing and Storage Market by Ownership
8.5.1 Private Warehouses
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Public Warehouses
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Bonded Warehouses
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Warehousing and Storage Market by End Use
8.6.1 Manufacturing
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Consumer Goods
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Retail
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Food and Beverage
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 IT Hardware
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Healthcare
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Chemicals
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Others
8.7 Global Warehousing and Storage Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Warehousing and Storage Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Warehousing and Storage Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Warehousing and Storage Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Warehousing and Storage Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Warehousing and Storage Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 DHL International GmbH
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 C.H. Robinson Worldwide, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 CEVA Logistics
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 DSV A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 FedEx Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Ryder System, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 NFI Industries
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 XPO, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 AWL India Pvt Limited
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Warehousing and Storage Market: Key Industry Highlights, 2018 and 2032
2. Global Warehousing and Storage Historical Market: Breakup by Types of Warehouses (USD Billion), 2018-2023
3. Global Warehousing and Storage Market Forecast: Breakup by Types of Warehouses (USD Billion), 2024-2032
4. Global Warehousing and Storage Historical Market: Breakup by Ownership (USD Billion), 2018-2023
5. Global Warehousing and Storage Market Forecast: Breakup by Ownership (USD Billion), 2024-2032
6. Global Warehousing and Storage Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Warehousing and Storage Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Warehousing and Storage Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Warehousing and Storage Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Warehousing and Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Warehousing and Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Warehousing and Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Warehousing and Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Warehousing and Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Warehousing and Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Warehousing and Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Warehousing and Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Warehousing and Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Warehousing and Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Warehousing and Storage Market Structure
The market was valued at USD 488.42 billion in 2023.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The revenue generated from the warehousing and storage market is expected to reach USD 725.36 billion in 2032.
The expansion of the warehousing and storage market is driven by technological progress, the rise of e-commerce, the integration of IoT, and the adoption of sustainable practices.
The warehousing and storage market is categorised according to its type, which includes general warehousing and storage, refrigerated warehousing and storage and farm product warehousing and storage.
The leading players in the market are DHL International GmbH, C.H. Robinson Worldwide, Inc., CEVA Logistics, DSV A/S, FedEx Corporation, Ryder System, Inc., NFI Industries, XPO, Inc., and AWL India Pvt Limited among others.
Based on the ownership, the warehousing and storage market is divided into private warehouses, public warehouses, and bonded warehouses.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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