Logistics Warehousing Service Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Global logistics warehousing service market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2023-2030). Due to the expanding global adoption of online payments and the increasing prevalence of internet users. E-commerce logistics involves services such as warehousing, transportation, value-added services, and packaging services. Due to the advancement of digital technology, the demand for e-commerce logistics has expanded across a wide range of applications. The key drivers of online business include increasing cross-border e-commerce and the growing number of internet users, particularly in developing nations. As online shopping becomes more common, the demand for efficient e-commerce warehousing services grows tremendously. While some organizations may attempt to manage order fulfillment and warehouse operations in-house, doing so necessitates a high level of knowledge, resources, and overhead costs. As a result, the best approach is to outsource storage and order fulfillment activities to a reputable service provider. This assists firms in storing and shipping products in a cost-effective and timely manner. 

Companies have been focusing on managing their e-commerce business with involvement in various partnership programs. For instance, in November 2022, CEVA Logistics signed a multi-year contract extension with ASOS to manage e-commerce fulfillment, warehousing, as well as inbound and outbound services. The fulfillment center is nearly fully automated and equipped with cutting-edge technology, such as automated inbound processing, automated storage and retrieval, goods-to-person stations, pocket sorters, induct stations, an additional parcel sorter, a dynamic buffer, and a vast network of conveyors. From a specialized control center, CEVA's professionals supervise the entire procedure. These solutions enable CEVA and ASOS to dramatically shorten fulfillment times while improving employee working conditions.

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Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

·                  By Type

·                  By Ownership

·                  End-User Industry

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

Competitive Landscape- NFI Industries, Inc., XPO Logistics, Inc., DHL International GmbH, Ryder System, Inc., an

 Logistics Warehousing Service Market Report Segment

By Type

•                 General Warehousing and Storage

•                 Refrigerated Warehousing and Storage

•                 Farm Product Warehousing and Storage

By Ownership

•                 Private Warehouses

•                 Public Warehouses

•                 Bonded Warehouses

By End-User Industry

•                 Manufacturing

•                 Consumer Goods

•                 Food and Beverage

•                 Construction

•                 Healthcare

•                 Other (Chemicals, Defense)

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Logistics Warehousing Service Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 DHL International GmbH

•                 AmeriCold Logistics LLC

•                 FedEx Corp

•                 Lineage Logistics Holding LLC

•                 APM Terminals BV

•                 DSV Panalpina AS

•                 Kane Is Able Inc.

•                 MSC - Mediterranean Shipping Agency AG

•                 C.H. Robinson Worldwide, Inc.

•                 Schneider National, Inc.

•                 A.P. Moller – Maersk

•                 DSV A/S

•                 Mitsubishi Logistics America Corp.

•                 Moduslink Corp.

•                 Kuehne + Nagel International AG

•                 Rakuten Super Logistics

•                 XPO Logistics, Inc.

•                 NFI Industries, Inc.     

•                 Ryder System, Inc.    

•                 UPS Supply Chain Solutions (SCS)

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