This market research analysis segments the global warehousing and storage market by types of warehouses include general warehousing, farm product warehousing, refrigerated warehousing, and farm product warehousing with growth projections until 2019. The research report analyses the market scenario with an in-depth study of the leading vendors and their market rankings. The leading vendors include APL, DHL, Genco Shipping, Kuehne+Nagel, and UPS. The research report also includes market shares of APAC, Americas, and EMEA.
Technavio has released updated information on the warehousing market, with the publication of its new market research report, global warehousing and storage market. The global warehousing and storage market is expected to grow at a CAGR of around 9% between 2015 and 2019. The warehousing and storage market in APAC is expected to grow rapidly during the forecast period. Growing demand of processed and frozen food products in China and India is driving the need for advanced cold storage facilities, thus driving market growth in APAC.
“Increased adoption of warehousing management services (WMS) in supply chain activities has boosted this market’s growth in recent times. WMS optimize the warehouses’ management and operations with efficient inventory management services, at reduced costs. Also, WMS provides better product-related planning by integrating with ERP solutions. Governments of various countries are increasingly incorporating these technologically-advanced warehouses with WMS capabilities,” says Sriram Mohan, Lead Analyst, Transportation & Logistics, Technavio Research.
Refrigerated warehouses is the fastest growing segment of the overall warehousing and storage market. These warehouses are primarily used in the storage of perishable goods that are required to be stored under optimal temperature conditions. Rise in the consumption of processed food products and dairy products are fuelling this segment’s growth.
Global refrigerated warehousing and storage market 2014-2019 ($ billions)
Source: Technavio Research
The key players in the global warehousing and storage market are APL, DHL, Genco Shipping, Kuehne+Nagel, and UPS. Many leading logistics companies are adding differentiated features to their warehouse services to gain a competitive edge in the market. Vendors are expected to introduce highly innovative inventory tracking methods and value added services such as repackaging and quality control testing over the next four years.
A more detailed analysis is available in the Technavio report, Global Warehousing and Storage: Market Research Analysis 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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