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North America Warehousing and Storage Market Expected to be Valued at US $86.41 Billion in 2024 - ResearchAndMarkets.com

January 21, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 21, 2020--

The “North America Warehousing and Storage Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The publisher expects the market to reach a value of US$ 86.41 Billion by 2024, registering a CAGR of around 3% during 2019-2024.

The North America warehousing and storage market reached a value of US$ 71.9 Billion in 2018. A warehouse can be described as a location used to store finished goods, raw materials, semi-finished goods, imported or exported goods, etc. The products are stored at each point of any product’s value chain and are made accessible to end customers as and when required. Warehouses allow the organization, whenever there is sufficient demand, to continue its manufacturing throughout the year and sell its products.

Warehouses can generally be split into three classifications, including general warehousing and storage, warehousing and storage of agricultural products, and refrigerated warehousing and storage. The rising demand from key application areas such as automotive, manufacturing, retail, technology, healthcare, construction, etc. are expected to witness strong development in the coming years. In addition to this, the publisher expects strong demand from the e-commerce sector as well. Web-based shopping has become popular and a go-to-option for nearly all customer types, escalating the demand for warehousing facility. Moreover, catalysed by the growing popularity of frozen foods, the demand for refrigerated storage and warehousing has also increased. This can be ascribed to the easy availability of frozen food that is easy to cook and safe for consumption.

The North America warehousing and storage market is currently being driven by several factors. The demand for outsourcing warehousing services has been growing from manufacturing companies catalysed by their productional and operational expansions. This has led to an increase in logistics needs in terms of the storage of raw materials and finished goods for retailers and distributors. In addition to this, considering the advantages of outsourcing in terms of enhanced operational efficiency and cost savings, shippers are also increasingly outsourcing the logistics portion of their activities to warehouse service suppliers. This allows them to concentrate on their core competencies. Apart from this, warehousing and storage helps in managing a large amount of inventory for a business. It assists in matching the supply with the demand of a rapidly changing environment. Moreover, since all the goods are stored in a central location, it becomes easier to receive, store and distribute the products. Thus, reducing the transportation costs of a business. The accumulation of the goods allows a warehouse to act as a buffer and keep a balance between the demand and supply of the goods, profiting the business. Additionally, a warehouse also serves a wide range of social benefits to the clients, by helping them to keep a safety stocking for the time of emergency, such as delay in the transportation and shipment having defective goods, etc.

Key Questions Answered in This Report:

Report Coverage:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Warehousing and Storage Market

5.1 Market Performance

5.2 Market Breakup by Warehouse Type

5.3 Market Breakup by Ownership Type

5.4 Market Breakup by End-Use

5.5 Market Breakup by Region

5.6 Market Forecast

6 North America Warehousing and Storage Market

6.1 Market Performance

6.2 Market Forecast

7 North America Warehousing and Storage Market: Breakup by Warehouse Type

7.1 General Warehousing and Storage

7.2 Refrigerated Warehousing and Storage

7.3 Farm Product Warehousing and Storage

8 North America Warehousing and Storage Market: Breakup by Ownership Type

8.1 Private Warehouses

8.2 Public Warehouses

8.3 Bonded Warehouses

9 North America Warehousing and Storage Market: Breakup by End-Use

9.1 Manufacturing

9.2 Consumer Goods

9.3 Retail

9.4 Food and Beverage

9.5 IT Hardware

9.6 Healthcare

9.7 Chemicals

9.8 Others

10 North America Warehousing and Storage Market: Breakup by Country

10.1 United States

10.1.1 Historical Market Trends

10.1.2 Market Breakup by Warehouse Type

10.1.3 Market Breakup by Ownership Type

10.1.4 Market Breakup by End-Use

10.1.5 Market Forecast

10.2 Canada

10.3 Mexico

11 SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

12 Value Chain Analysis

13 Porter’s Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Rivalry

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/3fm8pw

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SOURCE: Research and Markets

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PUB: 01/21/2020 04:53 AM/DISC: 01/21/2020 04:53 AM