Global Warehousing and Storage Services Market Overview:
Warehousing and storage services keep the property of another firm or organization, such as components, equipment, cars, products, and perishable commodities, safe and secure. The market is likely to be driven by rising demand for an omnichannel retailing approach. Many retailers are aiming to grow online retail sales, thus the company is concentrating on improving its e-commerce fulfillment capabilities.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Demand for Refrigerated Warehousing and Storage
Market Growth Drivers:
Rising Popularity of Omnichannel Distribution and Growth in the E-commerce Industry
Restraints:
High Maintenance Costs
Opportunities:
Rising Growth Of Growing Retail Industry and Shift Of Manufacturing Activities From China To India
Competitive Landscape:
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.
Some of the key players profiled in the report are DHL International GmbH (Germany), XPO Logistics Inc. (United States), Ryder System Inc. (United States), NFI Industries Inc. (United States), AmeriCold Logistics LLC (United States), FedEx Corp (United States), Lineage Logistics Holding LLC (United States), NF Global Logistics Ltd (United Kingdom), APM Terminals BV (Netherlands), Kane Is Able Inc. (United States) and MSC - Mediterranean Shipping Agency AG (Switzerland). Analyst at AMA Research see United States Players to retain maximum share of Global Warehousing and Storage Services market by 2028. Considering Market by End User Industry, the sub-segment i.e. Manufacturing will boost the Warehousing and Storage Services market. Considering Market by Ownership, the sub-segment i.e. Private Warehouses will boost the Warehousing and Storage Services market.
Latest Market Insights:
In December 2019, NFI boosted its presence in the southeastern United States by acquiring G&P Trucking Company Inc., a transportation firm based in Columbia, South Carolina. G&P's acquisition will add 370 tractors to NFI's fleet, bringing its total up to more than 3,000.
In January 2020, DHL announced its plan to expand its warehousing and supply chain businesses in India. DHL will soon make a significant investment to expand its Indian warehousing and supply chain capacity as the German logistics giant seeks to tap into the booming e-commerce business driven by Amazon and Walmart-owned Flipkart. DHL currently runs some 9 million sq. ft of warehousing and supply chain in India.
What Can be Explored with the Warehousing and Storage Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Warehousing and Storage Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Warehousing and Storage Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Warehousing and Storage Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Warehousing and Storage Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Warehouse Management Services Providers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.