How Is The Specialized Warehousing And Storage Market Segmented?
The specialized warehousing and storage market covered in this report is segmented –
1) By Type: Automobile Dead Storage, Bulk Petroleum And Chemical Storage, Document Storage And Warehousing, Whiskey Warehousing, Other Specialized Warehousing And Storage
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By End-Use: Retail Industry, Manufacturing Industry, Consumer Goods Industry, Food And Beverage Industry, Healthcare Industry, Other End Users
Subsegments:
1) By Automobile Dead Storage: Long-term Vehicle Storage, Seasonal Vehicle Storage, Classic Car Storage, Fleet Vehicle Storage
2) By Bulk Petroleum And Chemical Storage: Crude Oil Storage, Refined Petroleum Storage, Chemical Tank Storage, Hazardous Material Storage, LPG (Liquefied Petroleum Gas) Storage
3) By Document Storage And Warehousing: Physical Document Storage, Secure Document Archiving, Records Management Services, Legal Document Storage, Medical Records Storage
4) By Whiskey Warehousing: Barrel Aging Warehousing, Cask Storage, Climate-Controlled Whiskey Storage, Whiskey Bonded Warehousing
5) By Other Specialized Warehousing And Storage: Temperature-Sensitive Goods Storage (Pharmaceuticals, Food), Cold Storage (Perishable Goods), Fine Art Storage, Antique And Artifact Storage, High-Value Goods Storage, Custom Storage Solutions (Oversized Items, Luxury Goods)
What Is Driving The Specialized Warehousing And Storage Market? Leveraging Big Data Analytics For Warehouse Optimization
Many warehousing and storage companies are using big data analytics as a tool to plan and optimize warehouse operations. Big data analytics refers to the process of examining large sets of data to obtain useful information such as hidden patterns, market trends, unknown correlations, and customer preferences. Big data analyses the location, capacity, and flexibility of warehouses to predict customer requirements. It helps with improving warehouse planning and replenishment and creating lean supply chains with sophisticated inventory systems. This maximizes workflow, improves floor utilization, and increases operational efficiencies and ROI.
What Is Driving The Specialized Warehousing And Storage Market? Impact Of Rising Storage Demand On The Specialized Warehousing And Storage Market
The rising demand for storage space is expected to propel the growth of the specialized warehousing and storage market going forward. Storage space is a place or area designed for holding or safe-keeping objects and provides a variety of storage options available so businesses and individuals can choose the solution that best meets their needs. Storage spaces are used in specialized warehousing and storage to create flexible and scalable solutions that combine multiple storage devices into a single logical volume, which can then be resized or expanded. For instance, in January 2023, according to Matthews Real Estate Investment Services, a Canada-based commercial real estate brokerage firm, the global self-storage sales increased by 180%, reached $23.6 billion in 2021, and there are around 4,536 properties in development. Therefore, rising demand for storage space drives the growth of the specialized warehousing and storage market.
Who Are The Major Players In The Global Specialized Warehousing And Storage Market?
Major companies operating in the specialized warehousing and storage market include Nippon Express Co. Ltd., Glencore plc, Financière de l'Odet SA, ONEOK Inc., Husky Energy Inc., Anadarko Petroleum Corp., Dominion Energy Inc., Marubeni Corporation, Batu Kawan Bhd, Transneft' PAO, Beltmann Integrated Logistics, DHL Supply Chain, XPO Logistics, Ryder Supply Chain Solutions, Geodis, Schneider National Inc., Hub Group, Kenco Logistics services LLC., NFI Industries Inc., ODW Logistics Inc., Penske Logistics inc., Port Jersey Logistics, SEKO Logistics, St. George Logistics, Total Quality Logistics, Superfrio Logistica Frigorificada, Trinity Logistics, Unyson Logistics, Werner Enterprises Inc., Yusen Logistic Inc., Zipline Logistics LLC, Barrett Distribution Centers Inc., C.H. Robinson Worldwide Inc., Echo Global Logistics Inc., Saddle Creek Logistics Services.
What Are The Key Trends Of The Global Specialized Warehousing And Storage Market? Innovation In Specialized Warehousing By Major Companies
Major companies operating in the specialized warehousing and storage market are focused on developing new innovative specialized warehouses to strengthen their position in the market. A specialized warehouse is a type of warehouse that is designed to store and handle specific types of goods. For instance, in July 2023, Amazon.com Inc., a US-based internet-based enterprise, launched a specialized warehouse to support the local sellers. The new warehouse has a storage capacity of around 3 lakh cubic feet and is specifically designed to store and handle customer orders for large furniture and appliances. A bigger assortment and quicker deliveries will be available to more than 11,000 sellers.
What Are Latest Mergers And Acquisitions In The Specialized Warehousing And Storage Market? Rhenus Warehousing Solution Acquired DKI Logistics
In November 2022, Rhenus Warehousing Solution, a Germany-based provider of warehouse logistics solutions, acquired DKI Logistics for an undisclosed amount. The acquisition aims to expand Rhenus's presence in the Nordic countries and enhance its capabilities in sectors such as healthcare and fast-moving consumer goods. DKI Logistics is a Denmark-based provider of complete warehousing and supply chain solutions.
Regional Outlook For The Global Specialized Warehousing And Storage Market
Asia-Pacific was the largest region in the specialized warehousing and storage market in 2024. North America was the second largest region in the specialized warehousing and storage market. The regions covered in the specialized warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the specialized warehousing and storage market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Specialized Warehousing And Storage Market?
The specialized warehousing and storage market includes revenues earned by entities by storing goods for smooth distribution, ensuring the supply chain of goods, managing inventory, and enhancing customer satisfaction by maintaining quality of products. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Specialized Warehousing And Storage Industry?
The specialized warehousing and storage market research report is one of a series of new reports from The Business Research Company that provides specialized warehousing and storage market statistics, including specialized warehousing and storage industry global market size, regional shares, competitors with a specialized warehousing and storage market share, detailed specialized warehousing and storage market segments, market trends and opportunities, and any further data you may need to thrive in the specialized warehousing and storage industry. This specialized warehousing and storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
