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The Business Research Company’s warehousing and storage global market report, covers the year-on-year growth of the global warehousing and storage market historic and forecast growth. It also includes chapters on the warehousing and storage market trends, geographical analysis, and competitive landscape.
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The global warehousing and storage market size is expected to reach $640 billion by 2022, significantly growing at a CAGR of around 8% during the forecast period.
Warehousing And Storage Market Trends
The warehousing and storage market consist of sales of warehousing and storage services by entities (organizations, sole traders and partnerships) that operate warehousing and storage facilities for bonded merchandize, general merchandize, refrigerated goods and other warehouse products. These establishments generally handle goods in containers, such as boxes, barrels, and/or drums, using equipment, such as forklifts, pallets, and racks. They are not specialized in handling bulk products of any particular type, size, or quantity of goods or products.
With increase in the warehousing and storage market there is an increase in the demand of smart warehouse. These warehouses use internet of things (IOT) to track a product in the warehouse and also helps in increasing efficiency and speed across supply chain. Variety of devices which include, wearables, sensors and radio frequency identification tags are used to locate the products in the warehouse. This reduces the time to deliver the product to the customer and increases accuracy resulting in the rapid growth of warehousing and storage market.
The global warehousing and storage market is primarily driven by favorable government policies, ise in trade activity in emerging economies such as China, India, Malaysia, South Africa, Brazil, and Russia, rise in consumption of processed food products and increasing demand for consumer durable goods.
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The global warehousing and storage market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With economic growth, increasing demand for consumer goods and mature ecommerce industry in developed countries and increasing retail penetration in emerging countries such as China, India and Brazil, the global warehousing and storage market is expected to increase in potential and scope. TBRC’s report also covers the warehousing and storage drivers and restraints in the market.
The global warehousing and storage market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global warehousing and storage market report are APL, DHL, Genco, Mitsubishi Logistics, Kuehne+Nagel.
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