Warehousing And Storage Market 2023: Size, Share, Industry Overview, Trends, and Competitive Outlook Forecast to 2028

According to the latest report by IMARC Group, titled “Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global warehousing and storage market size reached US$ 477.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 634.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.72% during 2023-2028.

Every business owner, for an efficient and smooth setup of the inventory, requires warehouses and storage. A warehouse is a place that is used for storing or accumulating imported and exported commodities, finished and semi-finished products, equipment, and raw materials. Hence, there is a need to keep the goods to make them available to the end users as and when required. Further, storage ensures an organization carries on production in anticipation of demand in the future. Warehouses enable the company to continue its production throughout the year and to sell its assets whenever necessary.

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Warehousing and Storage Market Trends:

The increasing application of this facility across numerous sectors, such as manufacturing, retail, healthcare, construction, automotive, technology, etc., is primarily augmenting the warehousing and storage market. Furthermore, the expanding e-commerce sector and the growing popularity of web-based shopping, as it has become a go-to option for almost all types of customers, are positively influencing the global market. Apart from this, the introduction of online shopping has created a huge demand for warehousing space in both developed and emerging economies, which is acting as another significant growth-inducing factor. Moreover, the rising need for refrigerated warehousing and storage, on account of the emerging trend of frozen foods, as they are easy to cook, healthy to eat, commonly available, etc., is also bolstering the market growth. Besides this, continuous advancements in the IT and transportation sectors are further catalyzing the global market. Additionally, the inflating utilization of wearables, sensors, and radio frequency identification tags is making the storage and transfer of goods more efficient, which is expected to drive the warehousing and storage market in the coming years.

Key Market Segmentation:

The report has segmented the global warehousing and storage market on the basis of  type of warehouses, ownership, end-use and region.

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Breakup by Type of Warehouses:

• General Warehousing and Storage
• Refrigerated Warehousing and Storage
• Farm Product Warehousing and Storage

Breakup by Ownership:

• Private Warehouses
• Public Warehouses
• Bonded Warehouses

Breakup by End-Use:

• Manufacturing
• Consumer Goods
• Retail
• Food and Beverage
• IT Hardware
• Healthcare
• Chemicals
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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