Warehousing & Storage Industry Profile

Companies in this industry operate facilities to store goods and may provide related logistics services. Major companies include Americold, Burris Logistics, Iron Mountain, and Prologis (all based in the US). Other companies include CEVA Logistics (France), DSV (Denmark), GLP (Singapore), and Kuehne + Nagel (Switzerland).

The global revenue for third-party logistics (3PL) market was about $1.3 trillion by the end of 2023, according to Statista. Demand for warehouse space is increasing significantly worldwide, thanks to the rapid rise in online shopping in markets across the globe.

The US warehousing and storage industry includes about 17,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $40 billion. Lessors of miniwarehouses and self-storage units are covered in the Self-Storage Services industry profile.

COMPETITIVE LANDSCAPE

Demand for warehousing is driven by the flow of goods through the economy; other demand indicators include industrial production, import volume, and office vacancy rates. The rapid rise in online shopping in markets across the globe, along with expectations for faster and more secure delivery, is significantly increasing demand for warehouse space worldwide.

Competition comes not only from industry peers, but also from potential customers, as some enterprises may choose to operate their own warehouses to maintain tighter control over service. In addition, some potential customers may contract with a third party logistics provider (3PL) to obtain a variety of supply chain management services, including warehousing and ...