The warehousing and storage industry includes establishments operating warehousing and storage facilities for general merchandize, refrigerated goods and other warehouse products.
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The global warehousing and storage market is valued at $480 billion in 2017 and expecting rise 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.
The warehousing and storage market in The Business Research Company’s report is segmented into three segments, namely general warehousing and storage, specialized warehousing and storage and refrigerated warehousing and storage. While the first segment accounts for more than three-fifth of the market share and the remaining share is attributed to the other two segments.
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The USA was the largest country in the warehousing and storage market in 2017, accounting for more than one-fifth of the market share. The USA was followed by Brazil and China as the largest countries in the market.
Deutsche Post DHL Group was the largest competitor in the warehousing and storage market, followed by United Parcel Service (UPS) and Kuehne + Nagel. Deutsche Post DHL Group provides mail and logistic services. It also offers international mail and parcel services, dialog marketing services, outsourcing and system solutions. The company is headquartered in Bonn, Germany and employs 505,517 people.
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