About Co-Warehousing Space
Co-Warehousing (collaborative warehousing) space is used to provide the space to various end-user industries to store their inventories for a short or long period of time. Co-warehousing space, also known as warehouse marketplace or digital warehouse, is driven by the growing demand for ultra-flexible engagements between entities in need of storage and fulfillment capability in strategic locations where one party has space and resources available to cater to the demand of the other. The challenges of the current economic situation and the longer-term outlook are driving organizations to re-think their supply chain strategy. The rising cost of the land purchase to build warehouses has promoted the use of co-warehousing space in end-user industries. The adoption of co-warehousing space is expected to reshape the logistics landscape in the coming year.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Co-Warehousing Space market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
FLEXE (United States), Flowspace (United States), STORD (United States), Saltbox (United States), Ware2Go (United States), GEODIS (India), Bennett Family of Companies (United States), TCI House (India), Shipbob Inc. (United States), Magaya (United States), Warehousing Express Logistics Pvt. Ltd.(India), Waredock (Estonia), Stowga (United Kingdom), Tradespace, Inc. (United States), SINO Shipping (China), Readyspaces (United States), NDR (India), Room2work (United States), Maersk (Denmark), ShipBob, Inc (United States), Shedpoint (India), Cubework (United States), The Lighthouse Cowarks (United States), The Loading Dock (United States) and Palletized LLC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Co-Warehousing Space market by and Region.
On the basis of geography, the market of Co-Warehousing Space has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Warehouse Type, the sub-segment i.e. Public Warehouses will boost the Co-Warehousing Space market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User Industry, the sub-segment i.e. Food and Beverage will boost the Co-Warehousing Space market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tenure, the sub-segment i.e. Short-term Lease will boost the Co-Warehousing Space market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Pricing, the sub-segment i.e. Pay Per Use will boost the Co-Warehousing Space market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend Pay-As-You-Go Model
Market Growth Drivers:
Rise Of Ecommerce Sector, Growing Retail Distribution and Increasing Use Of Online Platforms To Manage Co-Warehousing Space
Challenges:
Growing Prices of Leasing/Renting Co-Warehousing Space
Restraints:
High Cost To Build Co-Warehousing Space
Opportunities:
Growing Number Of Private Warehouses and Increasing Adoption Of Co-Warehousing Space From Small & Medium Businesses
Market Leaders and their expansionary development strategies
In February 2023, LF Logistics, a subsidiary of Maersk, a shipping and logistics conglomerate, has acquired warehouse space in Horizon Industrial Parks in Farukh Nagar, NCR. LF Logistics will use this 500,000 square feet facility to fulfill obligations from North India. LF Logistics will have 223 distribution locations throughout Asia and a PAN India footprint with the addition of the new facility. and In June 2023, NDR Warehousing has acquired LSA Warehousing Private Limited. The acquisition includes an expansive 18-acre project strategically situated along the Sohna Balabgarh Road, further solidifying NDR’s strong foothold in the NCR region.the acquisition and stated that the company was thrilled to expand its portfolio through the acquisition of LSA Warehousing Private Limited in order to cater to the evolving needs of its clients.
In July 2020, Flexe integrated with a new Google Merchant Center to promote fast and free shipping. This collaboration will enable Amazon to offer its one-day delivery service as retailers struggle to reach the high delivery bar set by Amazon., and In June 2023, ReadySpaces, a leading provider of flexible co-warehousing solutions for businesses, has launched new 112,000-square-foot facility in Farmers Branch, Texas. The state-of-the-art co-warehousing space is designed to accommodate businesses of all sizes, from startups to established enterprises. It provides a flexible and scalable solution for their warehousing needs.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Co-Warehousing Space Provider, Warehousing Platform Providers, Venture Capitalists, Private Equity Firms, Government Regulatory, Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.