Latest News- Warehousing And Storage Market: Manufacturing is expected to lead the Application segment during 2025-2029

The Warehousing And Storage Market is being driven by Growing demand for refrigerated warehousing

The Warehousing And Storage Market is expected to grow at a CAGR of 8.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 643.2 billion. In the realm of warehousing and storage, the efficient management of inventory is a critical business function. The capacity utilization ratio of a warehouse is significantly influenced by accurate and reliable inventory data, which in turn facilitates effective operational activities. This information is indispensable for financial and operational decision-making and budgeting. In the pursuit of enhancing inventory management efficiency, warehousing and logistics businesses are exploring advanced solutions such as unmanned aerial vehicles (UAVs), also known as drones. These autonomous devices, which do not require on-board pilots, offer the potential for remote control and innovative inventory checking capabilities. By leveraging UAV technology, businesses can optimize their inventory management processes, reduce operational costs, and improve overall productivity. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Manufacturing
  • Consumer goods
  • Retail
  • Healthcare
  • Others
• Product
  • General
  • Refrigerated
  • Farm products
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for refrigerated warehousing
• Rising e-commerce industry
• Automation at warehouses increasing efficiency and accuracy

However, the market also witnesses some limitations, which are as follows:

• Need to comply with government regulations and policies hampers operational efficiency
• Seasonal demand for products creating capacity problems at warehouses
• Increase in rental price for warehouse and storage space

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Market Scope in Warehousing And Storage Market Research Report

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Research Analysis Overview

The Warehousing and Storage Market encompasses various types of warehousing solutions, including e-commerce, logistics, and inventory management, catering to the needs of businesses. Third-party logistics providers offer capacity, duration, and cost advantages, while ensuring security and accessibility. Bonded, public, private, refrigerated, mini-storage, vehicle, and self-storage are different types. Flexibility, organization, and cost management are key benefits, but challenges include accessibility issues and packing/transporting. Efficient supply chain, inventory management, and order fulfillment are crucial for business success.

Market Research Overview

The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and comprehensive logistics solutions, including inventory management, third-party logistics, and customs agents. According to Technavio's market analysis, this market's size is determined by the earnings of air freight and logistics service providers. The market scope extends to the monitoring of goods during transit and until their delivery. Key growth drivers for the global air freight and logistics market include the surge in cross-border e-commerce activities, which involve purchasing products from foreign sources, and the subsequent demand for efficient and secure warehousing and storage services. Additionally, capacity expansion, cost reduction, and value-added services are essential factors fueling market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/