The global warehousing services market reached a value of about USD 250 billion in 2021. The industry is projected to grow at a CAGR of around 7% in the forecast period of 2022-2027 to reach a value of USD 371.68 billion by 2027.
The warehousing services industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The international warehousing market has demonstrated vigorous growth in the previous years, due to the rise in e-commerce activities and an expansion in commerce in developing economies such as China, India, and Brazil. The key demand indicator in the industry report is the highest category spender by region — Asia Pacific.
The methodology of accumulating and storing tangible goods, supplies, or inventory in a warehouse or storage facility before those are sold or distributed is called warehousing services. These services carefully and securely store and safeguard the products in an orderly manner, making it convenient to trace an item’s location, for instance, when did the items reach the location, how much time have those been there in transit, and the amount or measure of items in hand. Products in e-commerce warehousing are kept in the warehouse facility until an order is placed and the order is sent directly to the consumer. Inventory may be momentarily stored in a warehouse prior to those being shipped to a brick-and-mortar store. The global warehousing services industry report comprises segments based on regions (Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa).
Due to the aspects such as rising demand for consumable supplies from sellers and the escalating dispersion of global players in the local markets, thus strengthening the demand for warehousing services in the Asia Pacific region.
The increasing demand for outsourcing warehouse services is an important factor propelling the global market. This is further aided by a substantial rise in the manufacturing industry and fast globalisation. Besides these constant developments in the pharmaceutical infrastructure have resulted in the growing acceptance of refrigerated warehousing and storage facilities, hence generating a positive mindset for the market. In addition, the intensifying consumption of frozen food items amongst the population is further supporting the momentum of the market development. Furthermore, a significant increase in the preference for online marketing owing to the accessibility of e-commerce websites around the world has enhanced the market growth. Additionally, the rise in the usage of developed and latest technologies with warehousing services is supporting the industry in its further development.
Nevertheless, the inadequate Class A warehouses and the absence of competent and trained labour in regions like North America and Europe together with a low level of expertise in the warehousing arena leading to high wages that further negatively impact the operating costs are some of the constraints in the warehousing services market which is hampering its growth.
The global warehousing services industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by warehousing services providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.
Warehouse administration is the tactical daily operating of functions in a warehouse to stimulate, enhance and ensure effective operation. Moreover, operating a warehouse requires supervising all employees, coaching, inventory, equipment, protection, and security, interactions and dealings with freight carriers, and other shifting pieces. In addition, operations in the warehouse mean the processes and activities that are performed in a warehouse circling the movement of goods and tracking the stocks. Besides, principles of warehousing comprise tasks like obtaining inventory, thereafter placing them into an individually devoted storage area, and later delivering the item to its subsequent destination.
The surge in e-commerce has resulted in the growth in demand for warehouse areas from third-party logistics (3PL) around the world and would develop at a higher rate in emerging countries such as India and China. The growth of merchandising chains and their vibrant growth are likely to boost the demand for warehouses in the near future. Moreover, the latest implementation of social isolation rules, lockdowns, and other norms to curb the spread of COVID-19 has encouraged consumers to use online shopping applications to buy goods. This social movement has sparked e-commerce sales in business-to-consumer (B2C) and business-to-business in household goods, pharmaceuticals, and food products. These developments have resulted in the comprehensive application of actual warehousing services solutions for efficient order managing, packaging, delivery monitoring, and route planning.
The major zones in the industry are North America, Europe, Latin America, the Asia Pacific, and the Middle East, and Africa.
There has been considerable market growth due to the positive trends displayed by the refrigerated warehousing and storage segment, specifically in the pharmaceutical industry. Additionally, the Care Quality Commission suggests that insulins, antibiotic liquids, injections, eye drops, and a few creams should be stored at a temperature between 2º C and 8º C to retain the efficacy of the medicines. To obtain a competitive advantage and enlarge their global presence, organisations are entering the segment of refrigerated warehousing and storage looking at the rise in demand.
1. Executive Summary
2. Warehousing Services Industry Snapshot
2.1. Warehousing Services Market Outlook
2.2. Regional Overview
2.2.1. North America
2.2.3. Asia Pacific
2.2.4. Latin America
2.2.5. Middle East & Africa
3. Impact of Recent Events
4. Warehousing Services Value Chain Analysis
5. Trade Analysis
6. Major Risk Factors in Sourcing
7. Warehousing Services Cost Structure
8. Warehousing Services Price Analysis
9. Key Demand Indicator Analysis
10. Key Price Indicator Analysis
11. Warehousing Services Market Dynamics
11.1. Drivers & Constraints
11.2. Industry Events
11.3. Innovations & Trends
11.4. SWOT Analysis
11.5. Porter’s Five Forces
11.5.1. Buyer Power
11.5.2. Supplier Power
11.5.3. Threat of New entrants
11.5.4. Threat of Substitutes
11.5.5. Industry Rivalry
12. Industry Best Practices
12.1. Sourcing Strategy
12.2. Procurement Model
12.3. Contract Structure
12.4. Negotiation Levers
12.5. Pricing Model
12.6. Key Factors Influencing the Quotation
13. Key Supplier Analysis
13.1. DHL GROUP
13.2. CEVA Logistics
13.3. DB Schenker Logistics
13.4. Kuehne + Nagel International AG
13.5. C.H. Robinson Worldwide
13.6. United Parcel Service of America, Inc
In 2021, the global attained a volume of around USD 250 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 7%.
The major market drivers are increasing demand for outsourcing warehouse services and a significant increase in the preference for online marketing owing to the accessibility of e-commerce websites around the world.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Some of the leading players in the industry are DHL Supply Chain, CEVA Logistics, DB Schenker Logistics, Kuehne + Nagel, and C.H. Robinson Worldwide.
The global warehousing services market reached a value of about USD 250 billion in 2021 and is projected to grow at a CAGR of around 7% in the forecast period of 2022-2027. The Asia Pacific region is leading the global warehousing services market. The constant developments in the pharmaceutical infrastructure have resulted in the growing acceptance of refrigerated warehousing and storage facilities, hence generating a positive mindset for the market. Besides, a significant increase in the preference for online marketing owing to the accessibility of e-commerce websites around the world has enhanced the market growth. Additionally, the rise in the usage of developed and latest technologies with warehousing services is supporting the industry in its further development. Some of the leading players in the industry are DHL Supply Chain, CEVA Logistics, DB Schenker Logistics, Kuehne + Nagel, and C.H. Robinson Worldwide.
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