$35.4bn
$X.Xbn
311k
19,439
$XX.Xbn
General storage and warehousing have benefited from hikes in consumer spending, leading to more shipments of consumer goods and greater demand for warehouse space. Despite the economic environment proving much more challenging during COVID-19 in 2020, the industry experienced growth. E-commerce sales experienced a significant hike in 2020, leading to a substantial boost in revenue. However, the internalization of warehousing by large big-box retailers has tempered outsourcing demand. Nonetheless, both businesses' demand for warehouse space and their likelihood of contracting it from third-party providers have increased, benefiting the industry during the current period. Industry-wide revenue has been growing at a CAGR of 2.7% over the past five years – including an estimated 2.3% surge in the current year – and is expected to total $35.4 billion in 2023, when profit surges to 16.7%.
Industry revenue has grown at a CAGR of 2.7 % over the past five years, to reach an estimated $35.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Deutsche Post Ag | 3,622.6 | 211.3 | 5.8 | |
Ingram Micro Inc. | 1,116.3 | 179.7 | 16.1 | |
Ryder System, Inc. | 701.1 | 84.4 | 12.0 |
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Industry revenue is measured across several distinct product and services lines, including Handling services, Contract storage and Packing services. Handling services is the largest segment of the General Warehousing & Storage in the US.
Contract storage and handling services generate the majority of general storage and warehousing revenue
The industry provides third-party storage warehousing and storage services to the manufacturing, wholesale and retail sectors. Companies use equipment like forklifts, pallets and racks to handle goods in boxes, barrels and drums. Industry companies avoid specializing in handling bulk products of any particular type, size or quantity. Companies that rent or lease space for self-storage to consumers aren't included in this industry.
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NAICS 49311 - General Warehousing & Storage in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry earns much of its revenue from the storage of consumer goods. Demand for warehousing tends to follow trends in manufacturing output and consumer spending.
Learn about an industry's products and services, markets and trends in international trade.
E-commerce has risen, which has been particularly beneficial for the industry. Online sales heavily rely on third-party warehousing because many businesses don’t have physica...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast is the biggest home to storage and warehouses. The geographical location of the business maximizes efficiencies and reduces costs.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
General storage and warehousing are highly competitive. Since businesses outsource warehousing operations to the industry primarily to boost efficiency and control costs, pri...
Learn about the performance of the top companies in the industry.
DHL has the largest market share. No other company will account for more than 5.0% of industry revenue. More than 20,000 companies actively compete for the remainder of the m...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
This industry doesn't receive any major government subsidies or grants. Although tariffs don't directly impact the industry, lower tariffs have increased import penetration.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry requires labor to manage inbound and outbound goods. The increased labor intensity of industry operations has led to a slight boost in wage costs, which, togethe...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the General Warehousing & Storage in the US industry in United States is $35.4bn in 2024.
There are 19,439 businesses in the General Warehousing & Storage in the US industry in United States, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the General Warehousing & Storage in the US industry in United States has been growing at a CAGR of 2.7 % between 2019 and 2024.
Over the next five years, the General Warehousing & Storage in the US industry in United States is expected to grow.
The biggest companies operating in the General Warehousing & Storage market in United States are Deutsche Post Ag, Ingram Micro Inc. and Ryder System, Inc.
Bonded warehousing, general merchandise and Private warehousing and storage, general merchandise are part of the General Warehousing & Storage in the US industry.
The company holding the most market share in United States is Deutsche Post Ag.
The level of competition is high and steady in the General Warehousing & Storage in the US industry in United States.