Warehousing & Storage Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/18/2017
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, CH Robinson, Iron Mountain, and Prologis (all based in the US), along with CEVA Logistics (based in the UK), Global Logistics Properties (China), and Kuehne + Nagel and Panalpina (both based in Switzerland).

Global revenue for third-party logistics (3PL) services, including warehousing and distribution services, was about $800 billion in 2016, 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. Asia/Pacific is a top growth region, according to Technavio, due to increased demand for warehouse space in China and India.

The US warehousing and storage industry includes about 15,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $34 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 ...

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