$9.5bn
$X.Xbn
64,333
1,469
$X.Xbn
Specialized storage and warehousing has experienced significant volatility due to fluctuations in commodity prices of oil and lumber. Demand for bulk petroleum storage rose as oil prices dropped, leading suppliers to stockpile reserves instead of selling at discounted rates. Geopolitical conflicts further exacerbated market instability, affecting the performance of storage providers. In addition, robust construction activity drove steady lumber demand, although price volatility caused by geopolitical tensions led to fluctuations in storage patterns. Meanwhile, document storage continued to provide steady revenue, driven by regulatory requirements and digital document management trends. The industry has increasingly adopted technology to optimize operations and improve efficiency, with cloud solutions playing a crucial role in inventory management and safety monitoring. Revenue has been growing at a CAGR of 0.7% over the past five years, including a boost of 2.8% in the current year, and is expected to reach $9.5 billion in 2024.
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $9.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Iron Mountain Inc. | 1,809.7 | 488.0 | 27.0 | |
Kinder Morgan, Inc. | 1,668.0 | 531.1 | 31.8 | |
Apex Oil Company, Inc. | 353.0 | 53.0 | 15.0 |
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Industry revenue is measured across several distinct product and services lines, including Bulk petroleum and chemical storage, Document storage and warehousing and Whiskey warehousing. Bulk petroleum and chemical storage is the largest segment of the Specialized Storage & Warehousing in the US.
The volatility in the energy markets is pressuring the bulk petroleum and chemical storage
Companies in the Specialized Storage and Warehousing industry primarily operate specialized warehousing and storage facilities. This doesn't include general merchandise, refrigerated and farm product warehousing or storage.
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NAICS 49319 - Specialized Storage & Warehousing 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.
Volatility in the energy markets is causing instability. Geopolitical conflicts drive unpredictable trends, making it difficult for businesses to manage their stockpiles effe...
Learn about an industry's products and services, markets and trends in international trade.
Volatility in the energy markets moderates the performance of petroleum storage. Inventory levels fluctuate, as high prices put pressure on inventories and low prices cause t...
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The Southeast is a major logistics region driven by its economic growth and strategic geographic location. Its access to major ports and highways enhances distribution and wa...
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.
The specialized storage and warehousing industry sees a higher concentration in bulk petroleum storage due to its capital-intensive nature and strict regulatory requirements. ...
Learn about the performance of the top companies in the industry.
Iron Mountain holds the largest share of specialized storage and warehousing. The company handles records, data and documents like many smaller industry participants.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Petroleum storage faces the most strict regulatory oversight. Storage tanks that store natural gas or petroleum are subject to many regulations. They require extensive sensor...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The necessity for high-skill labor drivers labor costs. The subsequent wage hike, especially in the petroleum storage segment, pressures profit across the industry despite re...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Specialized Storage & Warehousing in the US industry in United States is $9.5bn in 2024.
There are 1,469 businesses in the Specialized Storage & Warehousing 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 Specialized Storage & Warehousing in the US industry in United States has been growing at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Specialized Storage & Warehousing in the US industry in United States is expected to grow.
The biggest companies operating in the Specialized Storage & Warehousing market in United States are Iron Mountain Inc., Kinder Morgan, Inc. and Apex Oil Company, Inc.
Operating automobile dead storage and Operating bulk petroleum storage are part of the Specialized Storage & Warehousing in the US industry.
The company holding the most market share in United States is Iron Mountain Inc..
The level of competition is moderate and steady in the Specialized Storage & Warehousing in the US industry in United States.