NEW
YORK, July 4, 2024 /PRNewswire/ -- The global
storage and warehousing leasing market size is estimated to grow by
USD 107.2 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 7.8% during the forecast period. Increase in global demand for
warehousing and storage services is driving market growth, with a
trend towards increased use of technology for the modernization of
warehouses. However, increasing warehouse rent driving buyers to
invest in storage and warehouse facilities poses a challenge. Key
market players include Adwise Realty LLP, Agility Public
Warehousing Co. K.S.C.P, American Warehouses, Avison Young, CBRE Group Inc., Central Storage
and Warehouse Co., Colliers International Property Consultants
Inc., CubeSmart LP, Foster Van
Lines, Lee and Associates Licensing and Administration Co.
LP, Prologis Inc., Public Storage, Radius Commercial Real Estate,
Royal Commercial Real Estate LLC, Safestore Holdings plc, Saltbox,
TransWestern Commercial Services LLC, W. T. Young LLC, Ward North American, and Warehouses Plus.
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Storage And
Warehousing Leasing Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
7.8%
|
Market growth
2024-2028
|
USD 107.2
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
7.23
|
Regional
analysis
|
North America, APAC,
Europe, South America,
and Middle East and Africa
|
Performing market
contribution
|
North America at
38%
|
Key
countries
|
US, China, India,
Japan, and UK
|
Key companies
profiled
|
Adwise Realty LLP,
Agility Public Warehousing Co.
K.S.C.P, American Warehouses, Avison Young,
CBRE Group Inc., Central Storage and Warehouse
Co., Colliers International Property Consultants
Inc., CubeSmart LP, Foster Van Lines, Lee and
Associates Licensing and Administration Co. LP,
Prologis Inc., Public Storage, Radius Commercial
Real Estate, Royal Commercial Real Estate LLC,
Safestore Holdings plc, Saltbox, TransWestern
Commercial Services LLC, W. T. Young LLC,
Ward North American, and Warehouses Plus
|
Market Driver
The storage and warehousing leasing market is experiencing
significant growth due to the integration of technology and
modernization of facilities. Vendors provide tools for automating
business processes, identifying sustainability drivers, and
utilizing IoT solutions with sensors and robotic systems. Automated
storage and retrieval systems, RFID tags, conveyor belts, and
warehouse management systems make warehousing operations more
efficient, reducing space usage by up to 40% and resulting in cost
savings. Modern construction methods, such as precast concrete and
insulated steel panels, also contribute to market growth by
reducing carbon emissions and energy costs. These advancements in
technology and construction will continue to drive demand for
modernized storage and warehousing facilities during the forecast
period.
Businesses and individuals increasingly require physical spaces
to store their goods, driving growth in the storage and warehousing
leasing market. Climate-controlled storage is popular for sensitive
items like food products and essential household goods. Lease
durations vary, with manufacturing companies often signing longer
terms. The e-commerce boom, driven by online retail and the
omnichannel model, is a significant trend, leading to increased
demand for warehouse space. Rental vacancy rates are low due to
high business sentiment and industrial production index. Automation
through robotics and sustainable warehousing are key trends, along
with inventory management systems using big data analytics.
Multi-story warehouses and refrigerated rooms for perishable
products are common. SMEs and logistics services also utilize this
market, with GPS, RFID, VoIP devices, and imaging technology
enhancing warehouse management. Globalization and online buying
trends continue to influence the market.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The location of storage and warehousing facilities is a
critical business decision, considering factors such as land area,
connectivity, and real estate prices. Rising warehouse rents pose a
challenge for operators in the market, prompting some to construct
new facilities or form strategic alliances to enhance operational
efficiency. In the US, the expansion of industries like e-commerce
and the decrease in corporate tax from 35% to 21% in 2017 will
boost manufacturing, increasing demand for storage and warehousing
facilities. This, in turn, lowers vacancy rates and raises rents.
Simultaneously, escalating land and warehouse prices compel
end-users to invest in their own facilities, restricting the
market's growth during the forecast period.
- The storage and warehousing leasing market is experiencing
significant growth due to various factors. The e-commerce boom and
online retail trend have led to an increase in demand for
warehousing solutions, particularly for multi-story warehouses and
refrigerated facilities for perishable products like food,
beverages, and healthcare items. Big data analytics is essential
for effective inventory management, and technologies like GPS,
RFID, VoIP devices, and imaging technology are transforming
warehouse operations. SMEs and manufacturers require efficient
logistics services for their products, leading to the globalization
trend of private warehouses. The omnichannel model and online
buying trend have made it necessary for businesses to adopt an
omnichannel distribution strategy. Inventory management systems and
warehouse management systems are crucial for managing stock levels
and optimizing warehouse space. The demand for general warehousing
is high for manufactured products, furniture, and essential
household goods. Temperature-controlled rooms, such as cold storage
rooms, are essential for storing perishable goods like insulins,
antibiotic liquids, injections, and eye drops. The challenges of
managing inventory and warehouse operations are significant, but
advancements in technology are helping businesses meet these
demands.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This storage and warehousing leasing market report extensively
covers market segmentation by
- Type
- 1.1 Non-climate controlled
- 1.2 Climate controlled
- End-user
- 2.1 Manufacturing
- 2.2 Retail
- 2.3 Consumer goods
- 2.4 Food and beverages
- 2.5 Others
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Non-climate controlled- The
non-climate-controlled segment of the storage and warehousing
leasing market caters to facilities without temperature-control
features, including self-storage units and outdoor warehouses. This
market segment's growth is driven by the expanding e-commerce
industry, as increased Internet penetration in countries like
China allows more consumers to
access online shopping platforms. Additionally, the chemical
industry's demand for customized non-temperature-controlled green
warehouses fuels market growth. However, the shift towards
climate-controlled storage and warehouses may hinder the segment's
expansion during the forecast period. The automotive industry's
need for non-climate-controlled warehouses to store finished
vehicles, spare parts, and tires for original equipment
manufacturers (OEMs) also contributes to the market's growth. The
global automotive industry's expansion further drives the demand
for non-climate-controlled warehouses in the storage and
warehousing leasing market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Storage and Warehousing Leasing Market has experienced
significant growth in recent years due to the increasing demand for
physical spaces to store goods from businesses and individuals.
Climate-controlled storage solutions have become increasingly
popular to protect sensitive items. Lease durations vary, with
short-term options available for seasonal storage or longer-term
contracts for manufacturing and e-commerce businesses.
Manufacturing industries require large warehouses for raw materials
and finished products, while e-commerce businesses rely on
warehouses for order fulfillment. Rental vacancy rates remain low
due to high demand, and homeownership rates continue to decline,
driving the need for external storage solutions. Business sentiment
and the industrial production index are essential indicators of
market trends. Automation and manufactured products have
transformed the industry, with logistics services playing a crucial
role in efficient storage and distribution. The omnichannel model
and online buying trend have accelerated the need for flexible and
efficient storage solutions. Furniture and other bulky items are
common goods stored in warehouses, and globalization trends
continue to drive the demand for international logistics and
storage solutions.
Market Research Overview
The Storage and Warehousing leasing market is a vital component
of the logistics industry, providing businesses and individuals
with physical spaces to store their goods. Climate-controlled
storage solutions cater to various industries, including
manufacturing, e-commerce, and healthcare, where temperature
sensitivity is crucial. Lease durations vary, offering flexibility
for businesses with changing inventory needs. The e-commerce boom
and online retail trend have significantly increased demand for
warehousing, leading to a decrease in rental vacancy rates.
Sustainable warehousing, automation, and robotics are key trends,
with companies investing in energy-efficient solutions and advanced
technology for inventory management. The manufacturing sector
continues to rely on warehousing for raw materials and finished
products, while SMEs and food and beverage industries require
specialized solutions like refrigerated warehouses for perishable
goods. The omnichannel model and online buying trend have led to an
increase in demand for logistics services, making warehousing an
essential part of the globalization trend. Warehouse Management
Systems (WMS) have become indispensable, utilizing GPS, RFID, VoIP
devices, digital voice, and imaging technology for efficient
inventory management. Multi-story warehouses and the use of big
data analytics have further optimized operations, reducing costs
and increasing productivity. In the healthcare sector,
temperature-controlled rooms cater to essential household goods
like insulins, antibiotic liquids, injections, and eye drops,
ensuring their effectiveness and safety. The future of warehousing
lies in advanced technology, sustainability, and flexibility to
meet the evolving needs of businesses and individuals.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Non-climate Controlled
- Climate Controlled
- End-user
-
- Manufacturing
- Retail
- Consumer Goods
- Food And Beverages
- Others
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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