Specialized Warehousing And Storage Global Market Report 2024

The specialized warehousing and storage market size has grown strongly in recent years. It will grow from $101.37 billion in 2023 to $110.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed during the historical period can be attributed to various factors, including the expansion of e-commerce, globalization, the growth of the pharmaceutical and healthcare sector, and the demands of the automotive and aerospace industries. These elements have contributed to the development of the specialized warehousing and storage market.

The specialized warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $152.61 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. Anticipated growth in the forecast period can be attributed to several factors, including the evolution of supply chain models, the focus on sustainability and green warehousing practices, the growth of the pharmaceutical cold chain sector, and advancements in materials and chemicals that impact specialized warehousing and storage. Major trends expected in the forecast period include the integration of technology for more efficient operations, the development of specialized cold storage facilities to cater to e-pharmacies, increased attention to cross-border trade and compliance, and the establishment of urban and micro-hubs in the specialized warehousing and storage industry.

Numerous warehousing and storage firms are now harnessing big data analytics as a valuable tool for strategizing and optimizing warehouse operations. Big data analytics involves the examination of extensive datasets to extract valuable insights, such as hidden patterns, market trends, undisclosed correlations, and customer preferences. Through the analysis of factors like warehouse location, capacity, and flexibility, big data aids in anticipating customer needs. It plays a crucial role in enhancing warehouse planning, optimizing replenishment processes, and establishing efficient, streamlined supply chains equipped with advanced inventory systems. This approach maximizes workflow efficiency, enhances floor space utilization, and ultimately boosts operational efficiencies and return on investment (ROI).

The primary segments within the specialized warehousing and storage market encompass automobile dead storage, bulk petroleum and chemical storage, document storage and warehousing, whiskey warehousing, and various other specialized warehousing and storage services. Automobile dead storage refers to the storage of abandoned, wrecked, dismantled, inoperative, junked, or partially dismantled motor vehicles or their parts on private or public properties. The market further divides based on end-use, with key industries being the retail industry, manufacturing industry, consumer goods industry, food and beverage industry, healthcare industry, and others.

The specialized warehousing and storage market research report is one of a series of new reports that provides specialized warehousing and storage market statistics, including specialized warehousing and storage industry global market size, regional shares, competitors with a specialized warehousing and storage market share, detailed specialized warehousing and storage market segments, market trends and opportunities, and any further data you may need to thrive in the specialized warehousing and storage industry. This specialized warehousing and storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The specialized warehousing and storage market is anticipated to experience substantial growth due to the increasing demand for storage space. Storage space refers to designated areas or facilities designed for safeguarding and preserving various items, providing an array of storage solutions tailored to the specific requirements of businesses and individuals. In the realm of specialized warehousing and storage, storage spaces are leveraged to create versatile and scalable solutions that amalgamate multiple storage devices into a unified logical volume. This volume can be adjusted or expanded as needed. For instance, recent data from Matthews Real Estate Investment Services, a Canadian commercial real estate brokerage firm, highlights the global surge in self-storage sales, reaching $23.6 billion in 2021 - a remarkable 180% increase. Moreover, there are approximately 4,536 properties currently in development, underscoring the escalating demand for storage space as a driving force behind the specialized warehousing and storage market's growth.

Prominent enterprises operating in the specialized warehousing and storage sector are dedicated to developing innovative specialized warehouses as part of their strategy to fortify their market presence. Specialized warehouses are designed to accommodate and manage specific categories of goods. For example, in July 2023, Amazon.com Inc., a US-based e-commerce giant, launched a specialized warehouse aimed at supporting local sellers. This newly established warehouse boasts an impressive storage capacity of around 300,000 cubic feet and is exclusively tailored to receive, store, and handle customer orders for large furniture and appliances. It effectively expands product variety and accelerates delivery times for over 11,000 sellers.

Major companies operating in the specialized warehousing and storage market include Nippon Express Co. Ltd., Glencore PLC, Financière de l'Odet SA, ONEOK Inc., Husky Energy Inc., Anadarko Petroleum Corp., Dominion Energy Inc., Marubeni Corporation, Batu Kawan Bhd, Transneft' PAO, Beltmann Integrated Logistics, DHL Supply Chain, XPO Logistics, Ryder Supply Chain Solutions, Geodis, Schneider National Inc., Hub Group, Kenco Logistics services LLC., NFI Industries Inc., ODW Logistics Inc., Penske Logistics inc., Port Jersey Logistics, SEKO Logistics, St. George Logistics, Total Quality Logistics, Superfrio Logistica Frigorificada, Trinity Logistics, Unyson Logistics, Werner Enterprises Inc., Yusen Logistic Inc., Zipline Logistics LLC, Barrett Distribution Centers Inc., C.H. Robinson Worldwide Inc., Echo Global Logistics Inc., Saddle Creek Logistics Services.

Asia-Pacific was the largest region in the specialized warehousing and storage market in 2023. North America was the second largest region in the specialized warehousing and storage market. The regions covered in the specialized warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the specialized warehousing and storage market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The specialized warehousing and storage market includes revenues earned by entities by storing goods for smooth distribution, ensuring the supply chain of goods, managing inventory, and enhancing customer satisfaction by maintaining quality of products. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.