Warehousing and Storage Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to warehousing and storage market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Warehousing and Storage Market News

in Warehousing and Storage Market
  • December 2024: IEL Limited ventured into warehousing and storage space with the acquisition of land in Lucknow for its first project. The commodity and chemical trading company bought 29,598.89 square meters in Sarojini Nagar of Lucknow at Rupees 11.80 crores. The development is a strategic move beyond its core chemicals, dyes, and pigments business. IEL will heighten its focus on warehousing and storage alongside its global trade expertise.
  • June 2024: A.P. Moller - Maersk inaugurated a low-greenhouse gas emission warehouse at Taulov Dry Port in Fredericia, Denmark. The warehouse is the new global benchmark for sustainable warehousing, in line with Maersk's ambition of net-zero CO2 emissions by 2040. It enhances Nordics logistics, enhancing cargo handling via sea, road, and air. The action further solidifies Maersk's leadership in green supply chain solutions.
  • May 2024: Lineage, Inc. expanded its Lębork, Pomorskie, Northern Poland site, adding pallet capacity by 30% to over 40,000 positions. The expansion serves increasing demand in Central and Eastern Europe (CEE), further reinforcing its presence in the region. It follows the company's November 2023 opening of a new regional headquarters in Warsaw. The move expands Lineage's storage and distribution capacity across the region.

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Global Warehousing and Storage Market size was valued at USD 506.00 Billion in 2023 and is poised to grow from USD 523.81 Billion in 2024 to USD 691.76 Billion by 2032, growing at a CAGR of 3.52% in the forecast period (2025-2032).

Large firms' application of advanced technology, greater operational efficiency, and diversification of services all have an effect on the competitive environment of the warehousing and storage sector. Top firms are investing in robots, artificial intelligence, and automation to make processes more efficient and meet the demand for faster order fulfillment. As companies expand their capabilities and geographic presence in emerging markets, they often pursue strategic alliances and acquisitions to enhance their competitive stance. 'Stord (2015): Stord is a cloud-based logistics platform that was established in 2015 that delivers small, medium, and large businesses with fulfillment and warehousing solutions. Through its platform, companies are able to scale and optimize their supply chains with real-time visibility. Stord is an important addition to the contemporary warehousing and storage industry because it utilizes a huge network of warehouses to enhance the efficiency of operations, lower overhead costs, and maximize flexibility.', 'Vimaan (2017): Vimaan was established in 2017 and applies computer vision and artificial intelligence (AI) to carry out the automation of warehouse inventory management. Inventory is now managed in real-time by companies using the company's cutting-edge solutions, which enhance precision and cut down on errors inherent in manual processes. Vimaan's solutions are spearheading the efficiency of warehouse operations, allowing companies to maximize their supply chain processes and adapt to market needs faster, affirming its position in transforming the warehousing industry.', 'IEL Limited', 'A.P. Moller - Maersk', 'Prologis', 'XPO Logistics', 'DHL Supply Chain', 'CBRE Group', 'Ryder System', 'DB Schenker', 'CEVA Logistics', 'Kuehne + Nagel', 'C.H. Robinson', 'Lineage Logistics', 'Genco Distribution System', 'Goodman Group', 'Panalpina', 'Geodis'

The need for warehousing and storage services has risen exponentially due to higher internet buying. To store products and speed up order fulfillment, retailers and e-commerce giants are investing in big, efficient warehouses. As more and more consumer transactions happen online, the warehouse industry needs to evolve by providing fast, efficient, and scalable solutions to cater to the growing needs of the global market.

Rise in Smart Warehousing Solutions: Warehouses are being converted into intelligent facilities using IoT technologies and AI-based systems. These technologies enable improved data-driven decision-making, predictive maintenance of equipment, and real-time inventory tracking. By 2025, demand for smart storage solutions will see a major boost as companies look to cut costs and enhance operational efficiency. When dealing with complex supply chains, these solutions give a competitive edge.

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Global Warehousing and Storage Market
Warehousing and Storage Market

Report ID: SQMIG20N2044

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