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    Warehousing & Storage Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 3/15/2021
    SIC Codes: 4221, 4222, 4225, 4226
    NAICS Codes: 493
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Warehousing & Storage Industry Profile

    Companies in this industry operate facilities to store goods and may provide related logistics services. Major companies include Americold, Burris Logistics, Iron Mountain, and Prologis (all based in the US). Other companies include CEVA Logistics (Switzerland), DSV Panalpina (Denmark), GLP (Singapore) and Kuehne + Nagel (Switzerland).

    Global revenue for third-party logistics (3PL) services, including warehousing and distribution services, was $951 billion in 2019, according to Armstrong & Associates. Demand for warehouse space is increasing significantly worldwide, thanks to the rapid rise in online shopping in markets across the globe. In particular, strong growth in e-commerce is driving demand for warehouse space in China and South Korea, according to Colliers.

    The US warehousing and storage industry includes about 17,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $38 billion. Lessors of miniwarehouses and self-storage units are covered in the Self-Storage Services industry profile.


    Demand for warehousing is driven by the flow of goods through the economy; other demand indicators include industrial production, import volume, and office vacancy rates. The rapid rise in online shopping in markets across the globe, along with expectations for faster and more secure delivery, is significantly increasing demand for warehouse space worldwide.

    Competition comes not only from industry peers, but also from potential customers, as some enterprises may choose to operate their own warehouses to maintain tighter control over service. In addition, some ...

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