Warehousing Market Size, Share & Trends Analysis Report By Warehouse Type (General Warehousing, Specialized Warehousing), By End-use (Retail, Food & Beverages), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030

Warehousing Market Size, Share & Trends Analysis Report By Warehouse Type (General Warehousing, Specialized Warehousing), By End-use (Retail, Food & Beverages), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030

Warehousing Market Size & Trends

The global warehousing market size was estimated at USD 1.01 trillion in 2023 and is projected to grow at a CAGR of 8.1% from 2024 to 2030. Various factors, including e-commerce expansion and increasing globalization & supply chain complexity, drive the growth of the market. Moreover, technological advancements in the sector offer significant growth opportunities for the market. Warehousing is a critical component of supply chain management, ensuring that inventory is managed efficiently and is readily available to meet demand. Inventory management, storage, and order fulfillment are some of the key aspects of warehousing.

Warehousing provides essential benefits that enhance operational efficiency, reduce costs, improve customer satisfaction, and support overall business growth. By optimizing storage, inventory management, and distribution processes, warehousing plays a vital role in the modern supply chain. The growing environmental concerns are prompting warehouse operators to adopt green practices. Modern warehouses often incorporate energy-efficient technologies and practices, reducing environmental impact. Moreover, implementing recycling and waste management practices within warehouses promotes sustainability.

E-commerce is driving the growth of the warehousing market by increasing the demand for storage space and accelerating the need for rapid order fulfillment. According to the U.S. Department of Commerce of the International Trade Administration (ITA), global Business-to-Business (B2B) e-commerce will reach a market value of over USD 36 trillion by 2026. E-commerce businesses need to maintain higher inventory levels to ensure product availability and meet rapid order fulfillment demands. This necessitates larger storage spaces. Moreover, consumers expect quick delivery times, sometimes within the same day. Warehouses close to urban centers are essential to meet these expectations.

Innovations in Warehouse Management Systems (WMS), automation, robotics, and the Internet of Things (IoT) have enhanced efficiency and operational capabilities in warehousing. These technologies enable better inventory management, faster order processing, and improved accuracy. Companies are introducing solutions for automated warehouses. For instance, in March 2024, LG Business Solutions USA, a division of South Korea-based LG Electronics, announced the launch of the LG CLOi CarryBot, a family of autonomous mobile robots designed to enhance warehouse efficiency by intelligently navigating complex floor plans and transporting payloads. These robots feature advanced technology, including an AMR platform, intuitive fleet management, and integration with warehouse systems. They offer reliable, on-time movements and reduce physical strain on workers, thus improving productivity and operational efficiency.

Global Warehousing Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global warehousing market report based on warehouse type, end-use, and region:

• Warehouse Type Outlook (Revenue, USD Million; 2017 - 2030)
• General Warehousing
• Specialized Warehousing
• Cold Storage Warehousing
• End-use Outlook (Revenue, USD Million; 2017 - 2030)
• Retail
• Food & Beverages
• Chemicals
• Others
• Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• India
• China
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Middle East and Africa (MEA)
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

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