Overview and Scope
Specialized warehousing and storage refer to the act of storing items that will be sold or distributed later as well as the act of storing physical commodities or inventory that operate warehousing and storage facilities for particular categories of goods that need specialized treatment in a warehouse and storage facilities for bonded merchandise, general merchandise, refrigerated goods, and other warehouse products.
Sizing and Forecast
The specialized warehousing and storage market size has grown strongly in recent years. It will grow from <b>$101.37 billion in 2023 to $110.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. </b> The growth in the historic period can be attributed to e-commerce growth, globalization, pharmaceutical and healthcare sector, automotive and aerospace industries.
The specialized warehousing and storage market size is expected to see strong growth in the next few years. It will grow to <b>$152.61 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. </b> The growth in the forecast period can be attributed to evolving supply chain models, sustainability and green warehousing, pharmaceutical cold chain growth, advanced materials and chemicals. Major trends in the forecast period include technological integration, specialized cold storage for e-pharmacies, cross-border trade and compliance, urban and micro-hubs.
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The specialized warehousing and storage market covered in this report is segmented –
1) By Type: Automobile Dead Storage, Bulk Petroleum And Chemical Storage, Document Storage And Warehousing, Whiskey Warehousing, Other Specialized Warehousing And Storage
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By End-Use: Retail Industry, Manufacturing Industry, Consumer Goods Industry, Food & Beverage Industry, Healthcare Industry, Other End Users
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.
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Major Driver Impacting Market Growth
Many warehousing and storage companies are using big data analytics as a tool to plan and optimize warehouse operations. Big data analytics refers to the process of examining large sets of data to obtain useful information such as hidden patterns, market trends, unknown correlations, and customer preferences. Big data analyses the location, capacity, and flexibility of warehouses to predict customer requirements. It helps with improving warehouse planning and replenishment and creating lean supply chains with sophisticated inventory systems. This maximizes workflow, improves floor utilization, and increases operational efficiencies and ROI.
Key Industry Players
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.
The specialized warehousing and storage market report table of contents includes:
1. Executive Summary
2. Specialized Warehousing And Storage Market Characteristics
3. Specialized Warehousing And Storage Product/Service Analysis -Product/Service Examples
4. Specialized Warehousing And Storage Market Trends And Strategies
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68. Global Specialized Warehousing And Storage Market Competitive Benchmarking
69. Global Specialized Warehousing And Storage Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Specialized Warehousing And Storage Market
71. Specialized Warehousing And Storage Market Future Outlook and Potential Analysis
