Demand For Specialized Warehousing And Storage Expected To Increase By 2021
Posted by sainath on September 6th, 2018
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 has shown decent growth in the past years with a CAGR of over 6%. The year 2017 recorded highest ever growth in this market with a net value of over USD 400 billion as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the warehousing and storage market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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General warehousing and storage was the largest segment in the warehousing and storage market, accounting for nearly 62% of the market. This segment includes organizations primarily engaged in operating merchandise warehousing and storage facilities. These establishments generally handle goods, both food and nonfood, in containers such as boxes, barrels, and/or drums, and using equipment such as forklifts, pallets, and racks.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are DHL, UPS, Kuehne + Nagel, CEVA Logistics, and Burris Logistics.
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Joined: June 13th, 2018
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