Overview and Scope
Storage and warehouse leasing refers to renting or leasing storage and warehouse facilities to businesses and individuals. It involves the temporary or long-term rental of physical spaces designed to store a wide range of goods and products.
Sizing and Forecast
The storage and warehouse leasing market size has grown strongly in recent years. It will grow from $65.39 billion in 2023 to $71.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to per capita disposable income, rental vacancy rates, homeownership rate, business sentiment, industrial production index.
The storage and warehouse leasing market size is expected to see strong growth in the next few years. It will grow to $95.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to growing demand for below applications around the world, rising demand for e-commerce, increasing demand for third-party logistics, growing demand for pharmaceuticals, increasing demand for food and beverage. Major trends in the forecast period include increasing adoption of automation and robotics, growing demand for sustainable warehousing, increasing use of big data analytics, growing popularity of multi-story warehouses, increasing use of cloud-based warehouse management systems.
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Segmentation & Regional Insights
The storage and warehouse leasing market covered in this report is segmented –
1) By Type: Non-Climate Controlled Storage, Climate Controlled Storage
2) By Lease Duration: Short-Term Leasing, Long-Term Leasing
3) By Application: Retail, Manufacturing, Food Industry, E-Commerce, Pharmaceuticals, Automotive, Other Applications
North America was the largest region in the storage and warehouse leasing market in 2023. The regions covered in the storage and warehouse leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for warehousing and storage services is expected to propel the growth of the storage and warehouse leasing market going forward. Warehousing and storage services refer to the business activities involved in storing, handling, and managing goods and products for clients or businesses. Storage and warehouse leasing provide corporations with flexible and scalable storage solutions, optimizing inventory management and freeing up capital and resources for core operations. For instance, in April 2023, according to the Office for National Statistics, a UK-based government department, warehousing, and storage services increased from a 111.60 index value in 2020 to a 124.48 index value in 2021. Therefore, increasing demand for warehousing and storage services drives the storage and warehouse leasing market.
Key Industry Players
Major companies operating in the storage and warehouse leasing market report are DHL Supply Chain, CEVA Logistics, Brookfield Business Partners LP, CBRE Group Inc., Ryder System Inc, XPO Logistics Inc, Prologis Inc., Colliers International Group Inc., Public Storage Inc., Agility Public Warehousing Company K.S.C.P., Extra Space Storage Inc., CubeSmart L.P., Life Storage Inc., Kenco Group, SEKO Logistics, Global Logistic Properties (GLP), Radius Commercial Real Estate, Lee & Associates Inc., Storage Asset Management, StorageMart, Central Storage And Warehouse Co, HSA Commercial Real Estate, Geodis (North America), American Warehouses Ltd., Adwise Realty LLP, Avison Young.
The storage and warehouse leasing market report table of contents includes:
1. Executive Summary
2. Storage And Warehouse Leasing Market Characteristics
3. Storage And Warehouse Leasing Market Trends And Strategies
4. Storage And Warehouse Leasing Market – Macro Economic Scenario
5. Global Storage And Warehouse Leasing Market Size and Growth
…
32. Global Storage And Warehouse Leasing Market Competitive Benchmarking
33. Global Storage And Warehouse Leasing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Storage And Warehouse Leasing Market
35. Storage And Warehouse Leasing Market Future Outlook and Potential Analysis
36. Appendix
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