Market Research Future (MRFR) has published a cooked research report on the “Global Warehousing and Distribution Logistics Market” that contains information from 2018 to 2032. The warehousing and distribution logistics market is estimated to register a CAGR of 8.00% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global warehousing and distribution logistics market— Kerry Logistics, WHA Corp, DHL Supply Chain, Keppel Logistics, CJ Century Logistics, CWT Ltd, Kuehne + Nagel, AGILITY, Tiong Nam Logistics, Ych Group, CEVA LOGISTICS, Gemadept, DB Schenker, Yusen Logistics, Singapore Post.
Warehousing and Distribution Logistics Highlights
The global warehousing and distribution logistics market is accounted to register a CAGR of 8.00% during the forecast period and is estimated to reach USD 24.4 Billion by 2032.
During the forecast period, it is anticipated that factors such as the rise in the demand for warehousing and distribution logistics in the e-commerce industry, the surge in demand for refrigerated warehouses, and the advent of last mile deliveries combined with logistics automation will propel market growth. During the forecast period, insufficient infrastructure, increased expenses, and a lack of manufacturer control over logistics services are anticipated to impede the growth of the worldwide market.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Global Warehousing and Distribution Logistics Market Trends
Segment Analysis
The global warehousing and distribution logistics market has been segmented based end use, business type, mode of operation and type.
On the basis of end use, the market is segmented into healthcare, manufacturing, aerospace, telecommunication, government and public utilities, banking and financial services, retail, media and entertainment, trade and transportation, and others. Retail segment dominated the global market in 2022. Technology for inventory management is projected to advance swiftly and offer beneficial opportunities for sector growth.
Based on business type, the global warehousing and distribution logistics market has been segmented into warehouse, distribution, and value added services. Distribution segment dominated the global Warehousing and Distribution Logistics market in 2022. The use of cutting-edge technology, such as GPS anti-theft devices, is credited with the growth.
Based on mode of operation, the global warehousing and distribution logistics market has been segmented into storage, roadways distribution, seaways distribution, and others. Roadways distribution segment dominated the global Warehousing and Distribution Logistics market in 2022. As a result of their affordability, convenience, and potential for door-to-door service, roads are the most often used sector of the transportation of products.
Based on type, the global warehousing and distribution logistics market has been segmented into solution and services. Solution segment dominated the global market in 2022. To improve system efficiency, all supply chain participants are utilising and creating a new software-based monitoring and analysis system.
Regional Analysis
The global warehousing and distribution logistics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe warehousing and distribution logistics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The warehousing and distribution logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World warehousing and distribution logistics market comprises of Middle East, Africa, and Latin America.
The North America warehousing and distribution logistics market dominated this market in 2022 (45.80%). One of the key factors driving this region's growth is the increased demand for green logistics to meet growing environmental concerns. The market is also predicted to be fueled by expanding e-commerce sectors and the growing acceptance of online shopping in countries like the US and Canada.
Moreover, in 2022, the Europe warehousing and distribution logistics market held a sizable market share. In order to enhance its position in the industry, Europe is focusing on strategies including early adoption of Al technology in the transportation and logistics service sector. The European market has also experienced significant growth. Due to a decline in demand and the development of new facilities in the EU region, goods that might avoid delivery through the United Kingdom and have warehousing and distribution facilities are expected to close.
Additionally, from 2023 to 2032, the Asia Pacific warehousing and distribution logistics industry is anticipated to grow significantly. As the middle class expands in South Korea and India, it is projected that the use of transport and logistics services in this region would rise. As political tensions between China and other governments increase, businesses have been obliged to invest in Southeast Asian nations including the Philippines, Malaysia, Thailand, and Singapore.
Furthermore, the rest of the world's warehousing and distribution logistics market is divided into the Middle East, Africa, and Latin America. The Latin American warehousing and distribution logistics market is expanding due to increased trade and e-commerce activities. With the region's growing economies, there's a rising demand for efficient storage and distribution solutions to support supply chains.
Key Findings of the Study
- The global warehousing and distribution logistics market is expected to reach USD 24.4 Billion by 2032, at a CAGR of 8.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the usage of transport and logistics services in this region is anticipated to increase as the middle class grows in South Korea and India.
- Based on type, the solution segment was attributed to holding the largest market in 2022.
- Kerry Logistics, WHA Corp, DHL Supply Chain, Keppel Logistics, CJ Century Logistics, CWT Ltd, Kuehne + Nagel, AGILITY, Tiong Nam Logistics, Ych Group, CEVA LOGISTICS, Gemadept, DB Schenker, Yusen Logistics, Singapore Post.
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Companies Covered | 15 |
Pages | 128 |
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