In our research report on the Global Warehousing Market, the market was valued at USD 1055 billion and is projected to account for around USD 3043billion by 2030. The estimated CAGR is approximately 14% between 2022 and 2030. The report further provides an overview of drivers, restraints, and opportunities present in the Warehousing market. Moreover, the report examines the global competitive analysis of the Warehousing market.
The key purpose of the Global Warehousing Market report is to deliver industry investors, company leaders, private equity companies, and stakeholders comprehensive information facilitating them to make informed strategic decisions concerning the changes in the Warehousing market throughout the world.
Warehousing Market: Overview
The integration of logistics and Warehousing is essential for bridging the gap between consumers and producers. The product delivery speed is greatly influenced by the logistical chain’s degree of simplicity and effectiveness. Effective Warehousing is essential for businesses to keep their inventory and supply the items whenever demand increases. With the surge in the e-commerce sector, the need for warehouses is proportionally increasing. In addition to providing space for product storage, warehouses are crucial for providing space for packaging, docking, and drawing out products to speed up delivery.
Browse the full “Warehousing Market Size, Trends and Insights By Type (General Warehousing, Specialized Warehousing, Refrigerated Warehousing, Others), By Industry (Retail, Food & Beverages, Chemicals, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030″ report at https://www.custommarketinsights.com/report/warehousing-market/
The rising demand for storage space, the expanding e-commerce market, and the rising number of merchants are the main factors driving the expansion of the Warehousing market. Further, the population expansion and rising household income are some other significant causes resulting in the rising need for storage space. Also, the rise in internet users and online sales are the factors fueling the expansion of the e-commerce sector.
The booming e-commerce sector globally is fueling the growth of the Warehousing market
The market for Warehousing is segmented into type and industry. Based on industry, the market is categorized into retail, food & beverage, chemicals, and others. The food & beverage segment is anticipated to notice a high CAGR during the forecast period. Food & beverage businesses use Warehousing to keep a range of commodities, including perishables such as food and drinks. These warehouses often use refrigeration equipment and climate control to maintain the proper temperature.
Asia Pacific region to offer lucrative growth opportunities to Warehousing players
Asia Pacific region holds the dominant position in the global market for Warehousing, and the region is expected to continue holding the dominant share throughout 2022-2030. China is the leading economy in the region, followed by India. The central government is strengthening its regional trade and internal national logistics systems as its top priorities in China.
The national government is relocating important logistics centers throughout the nation and providing investment and financial support to these areas in order to fulfill this goal. China increased its list of 23 logistics centers announced in 2019 by 22 additional cities in 2020. In the next five years, the National Development and Reform Commission (NDRC) reportedly intends to identify 150 logistics centers.
India’s highly fragmented storage industry has modernized recently. The demand for logistics has been driven particularly by an increase in domestic e-commerce. The country has experienced a surge in both internal and international demand for commodities in 2021.
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Key Players Insights
The players operating in the Warehousing market are adopting strategies such as acquisitions & mergers, product launches & expansions, and collaborations & partnerships, to efficiently compete in the Warehousing market. The global market is moderately fragmented and highly competitive.
The players also focus on expanding their geographical reach by partnering with local distributors/players.
- July 2022: With the acquisition of a 361,000 square foot warehouse in Milton Keynes from the customer of Abrdn, JD Property Group Corporation, a subsidiary of JD.com, a major supply chain-based technology and service provider, completed its first UK transaction.
Some of the prominent players
- United Postal Service
- Ryder Supply Chain Solutions
- Nippon Express
- Mitsubishi Logistics
- XPO Logistics
- Kuehne+Nagel International AG
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