|Last Quarterly Update:||11/18/2013|
|SIC Codes:||4221, 4222, 4225, 4226|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry operate facilities to store goods and may provide related logistics services. Major companies, all of which operate internationally, include CEVA Logistics (UK), DHL (Germany), GENCO (US), Mitsubishi Logistics (Japan), and UPS Supply Chain Solutions (US).
The global warehousing and storage industry is forecast to exceed $700 billion in annual revenue by 2017, according to Lucintel. Top regions for growth include Asia and Latin America, due to increased trade in both developed and emerging economies.
The US warehousing and storage industry includes about 7,000 companies with combined annual revenue of about $27 billion. Growth drivers include the state of the US economy.
Lessors of miniwarehouses and self-storage units are covered in the Self-Storage Services industry profile.
Demand is driven by the flow of goods through the US economy. The profitability of individual companies depends on efficiency of operations. Large companies can win business from major customers by operating in multiple locations and by offering wider ranges of services. Small companies can compete effectively by specializing in particular industries or local markets. The industry is fragmented: the 50 largest US companies generate about 40 percent of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include general warehousing (about 70 percent of industry revenue) and refrigerated warehousing (15 percent). Other services include records storage and farm products storage. Many operators provide contract warehousing services, in which a warehouse is dedicated to a single major ...
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