Transportation

According to a market report by Lucintel, the future of the warehousing market looks promising with opportunities in the manufacturing, consumer goods, retail, food & beverage, IT hardware, healthcare, and chemical industries. The global warehousing market is expected to reach an estimated $1,007.5 billion by 2028 with a CAGR of 6.9% from 2023 to 2028. The major drivers for this market are rapid expansion of ecommerce shopping sites are provoking the need for warehouses, growing demand for omnichannels, and huge demand for refrigeration storage.



In this market, general, refrigerated, and farm product are the major segments of warehousing market by product type. Lucintel forecasts that general will remain the largest segment over the forecast period due to the expanding need for storage for preparing chemical compounds, particularly speciality chemicals, must be processed in warehouses before being delivered to various end use industries, such as automotive, consumer goods, and retail.



Within this market, manufacturing is expected to witness highest growth over the forecast period due to the increasing number of products need to be stored for exportation from both established and developing nations.



North America will remain the largest region due to the supporting government initiatives to build modern warehouses with integrated capabilities, such as Web Map Service (WMS) functionality for order fulfilment, barcode scanning, and improved inventory management in the region.

FedEx, XPO Logistics, APL, DHL International, and Genco Shipping are the major suppliers in the global warehousing market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global warehousing market by product type, ownership, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Warehousing Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global warehousing market by product type, ownership, end use industry, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the warehousing market by product type (general, refrigerated, and farm products), ownership (private, public, and bonded), end use industry (manufacturing, consumer goods, retail, food & beverages, IT hardware, healthcare, chemicals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?