General Warehousing And Storage Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s General Warehousing And Storage Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 27, 2023 /EINPresswire.com/ -- The global general warehousing and storage market, valued at $328.65 billion in 2022, is expected to witness robust growth, reaching $354.27 billion in 2023, with a notable compound annual growth rate (CAGR) of 7.8%. Despite disruptions caused by the Russia-Ukraine conflict and the lingering impacts of the COVID-19 pandemic, the market is anticipated to expand further, projecting a market size of $463.11 billion by 2027, growing at a CAGR of 6.9%.

Market Growth Drivers: Macro-Economic Fundamentals and Industrial Production Surge
The growth in the general warehousing and storage market is attributed to the positive trends in macroeconomic fundamentals, including export-import trade, the retail industry, and the industrial production index. The increase in the industrial production index is expected to drive the market forward, as warehouses play a crucial role in storing finished goods. In 2021, the industrial production index for core industries in India increased by 6.8% compared to March 2020, as reported by EMBARGO ADVISORY. This growth in industrial production is a key factor propelling the demand for general warehousing and storage services.

Major Players: Industry Leaders Steering Growth
Major players contributing to the global general warehousing and storage market's growth include DHL, Kuehne + Nagel, Americold, CEVA Logistics, and Panalpina. These industry leaders are instrumental in driving innovation and meeting the evolving needs of the market.

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Technological Trends: Embracing Mobile Technologies for Operational Efficiency
Warehouse owners are increasingly adopting mobile technologies to enhance and track warehouse operations, reduce time consumption, and optimize manpower. Mobile technology, including tablets, smartphones, and other handheld devices, leverages technologies such as GPS, RFID, VoIP, digital imaging, and voice technology for equipment status, performance tracking, and warehouse operations. These technologies contribute to hands-free operations and faster data entry, enhancing overall operational efficiency.

Market Segments: Tailored Solutions for Diverse Requirements
The global general warehousing and storage market offers diverse solutions tailored to specific needs, including bonded warehousing, private warehousing and storage, and warehousing (including foreign trade zones). Ownership structures encompass private warehouses, public warehouses, and bonded warehouses. The market caters to a wide range of end users, including manufacturing, consumer goods, retail, food and beverages, IT hardware, healthcare, chemicals, and other industries.

Market Segmentation: Diverse Types, Ownership Structures, and End Users
1) By Type: Bonded Warehousing, Private Warehousing and Storage, and Warehousing (including foreign trade zones)
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By End User: Manufacturing, Consumer Goods, Retail, Food and Beverages, IT Hardware, Healthcare, Chemicals, Other End Users

Regional Landscape: Asia-Pacific Leads the Market
Asia-Pacific emerged as the largest region in the general warehousing and storage market in 2022. The comprehensive market analysis report covers regions such as Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, providing detailed insights into regional dynamics and growth prospects.

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General Warehousing And Storage Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The General Warehousing And Storage Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on general warehousing and storage market size, general warehousing and storage market drivers and general warehousing and storage market trends, general warehousing and storage market major players, competitors' revenues, general warehousing and storage market positioning, and general warehousing and storage market growth across geographies. The general warehousing and storage market report helps you gain in-depth insights on general warehousing and storage market general warehousing and storage market opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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