The Latest Warehousing Industry Statistics Explained
The largest segment in the warehousing and storage market is general warehousing and storage.
This statistic indicates that within the warehousing and storage market, the category of general warehousing and storage encompasses the largest portion of the overall market. This suggests that the majority of activities within the warehousing and storage sector, such as storing goods, handling inventory, and managing logistics, are classified under general warehousing and storage services. Companies providing general warehousing and storage services likely dominate the market in terms of revenue, market share, or the number of facilities. Understanding this statistic can provide valuable insights into the structure and dynamics of the warehousing and storage industry, helping businesses and policymakers make informed decisions related to this sector.
The warehousing and storage market in Asia Pacific is forecasted to register the fastest growth over the forecasted period.
The statistic indicates that the warehousing and storage market in the Asia Pacific region is projected to experience the quickest rate of expansion over the specified forecast period. This suggests that there is a growing demand for warehousing and storage services in Asia Pacific, likely driven by factors such as increasing international trade, e-commerce growth, and industrial development. The forecasted rapid growth in the warehousing and storage market implies potential opportunities for businesses operating in this sector to expand their operations, invest in infrastructure, and capitalize on the increasing demand for storage solutions in the region. It also signifies the region’s importance as a key player in the global supply chain and logistics industry.
The United States has the largest market share in the warehousing and storage market.
The statistic that the United States has the largest market share in the warehousing and storage market indicates that, in terms of total revenue or output in the warehousing and storage industry, the United States holds the leading position compared to other countries. This suggests that the United States has a significant presence and influence in providing warehousing and storage services, likely driven by factors such as the size of its economy, infrastructure, logistical capabilities, and demand for storage solutions. This statistic highlights the dominance of the United States in this particular sector, positioning it as a key player in the global warehousing and storage industry.
Warehousing costs for businesses average about 2-5% of total logistics costs.
The statistic ‘Warehousing costs for businesses average about 2-5% of total logistics costs’ refers to the proportion of expenses that companies typically incur in managing their warehousing operations as part of their overall logistics activities. Warehousing costs include expenses related to storing, handling, and managing inventory within a facility. By averaging around 2-5% of total logistics costs, this statistic suggests that for every dollar a business spends on logistics, a small percentage is allocated to warehousing activities. Understanding and managing these costs is crucial for businesses to ensure efficient operations, minimize expenses, and optimize their supply chain management processes.
65% of warehousing businesses plan to use mobile devices to manage their inventory.
The statistic ‘65% of warehousing businesses plan to use mobile devices to manage their inventory’ indicates that a significant majority of companies in the warehousing industry intend to adopt mobile technology for inventory management purposes. This trend suggests a shift towards implementing more efficient and flexible inventory tracking systems that leverage the capabilities of mobile devices. By utilizing mobile technology, these businesses can potentially streamline their operations, enhance inventory visibility, improve accuracy, and increase overall productivity. This statistic underscores the growing importance of adopting innovative solutions in the warehousing sector to stay competitive and meet the evolving demands of modern supply chain management practices.
The total operating expense per square foot for warehouses in the U.S. is $4.90.
The statistic “The total operating expense per square foot for warehouses in the U.S. is $4.90” indicates that, on average, the total operating costs incurred by warehouse facilities in the United States amount to $4.90 per square foot of space. This metric provides insight into the cost efficiency and overhead expenses associated with managing and maintaining warehouse spaces across the country. By understanding this figure, industry professionals and decision-makers can evaluate the financial impact of operating warehouses and make informed budgeting and investment decisions to optimize resource allocation and profitability within the warehouse sector.
Online sales have increased demand for warehouse space by nearly 400 million square feet in the U.S.
The statistic indicates that the rise of online sales has led to a significant surge in demand for warehouse space in the United States, with an increase of nearly 400 million square feet. This sharp spike in demand can be attributed to the growing trend of e-commerce, where consumers are increasingly shopping online, necessitating the need for more storage and distribution facilities. As online retailers strive to meet the fast delivery expectations of customers, they require larger warehouse spaces to store and manage their inventory efficiently. This statistic underscores the transformative impact of e-commerce on the logistics and real estate industries, highlighting the need for businesses to adapt to the changing landscape of retail and distribution.
The warehousing sector handled 10 billion tonnes of goods in 2017.
The statistic “The warehousing sector handled 10 billion tonnes of goods in 2017” indicates the tremendous scale and impact of operations within the warehousing industry during that year. This immense volume of goods points to the integral role of warehouses in facilitating the storage, distribution, and logistics of products across various industries. The statistic also highlights the significant demand for warehousing services, reflecting the interconnected nature of global trade and commerce. Such a high volume of goods handled underscores the critical importance of efficient warehouse management systems and practices to ensure the smooth flow of products through supply chains.
The industry’s total revenue in 2021 was $30.4 billion.
The statistic “The industry’s total revenue in 2021 was $30.4 billion” indicates the sum of all revenue generated by companies within a specific industry during the year 2021. This figure provides a snapshot of the overall economic activity within the industry, reflecting the total value of goods and services sold by businesses operating within that sector. It is a key indicator of the industry’s size and performance, serving as a benchmark for assessing its growth, competitiveness, and contribution to the broader economy. Stakeholders such as investors, policymakers, and industry analysts rely on this statistic to make informed decisions, monitor industry trends, and evaluate the financial health and prospects of companies operating within the sector.
Roughly 77% of firms use a Warehouse Management System for operations.
The statistic stating that roughly 77% of firms use a Warehouse Management System (WMS) for their operations indicates a high prevalence of WMS adoption within the business sector. WMS is a software application designed to optimize and streamline warehouse operations, including inventory management, order fulfillment, and overall warehouse efficiency. The widespread usage of WMS among firms suggests a recognition of the benefits it provides in terms of enhancing operational effectiveness, reducing costs, improving accuracy, and increasing productivity. This statistic highlights the importance of leveraging technology to stay competitive in the modern business landscape and underscores the critical role that WMS plays in supporting efficient warehouse management practices across various industries.
The market for warehouse robotics is slated to reach $6.8 billion by 2025 at a CAGR of 11.7%.
This statistic suggests that the market for warehouse robotics is on a significant growth trajectory, with a projected value of $6.8 billion by the year 2025. The Compound Annual Growth Rate (CAGR) of 11.7% indicates a steady annual increase in market size over the forecast period. This growth is likely driven by factors such as increasing demand for automation in warehouse operations to improve efficiency and productivity, as well as advancements in robotics technology making such solutions more accessible and viable for a wider range of businesses. The market opportunity for warehouse robotics appears promising, presenting potential opportunities for technology providers and businesses operating in the logistics and supply chain industry to capitalize on this growing trend.
The automation in the warehousing industry is projected to grow at a compound annual growth rate (CAGR) of 14.3% during 2021-2026.
The statistic indicates that the automation of tasks within the warehousing industry is forecasted to experience significant growth over the next five years, with a compound annual growth rate (CAGR) of 14.3% from 2021 to 2026. This suggests that there will be a substantial increase in the adoption of automated technologies and processes, such as robotics, artificial intelligence, and warehouse management systems, in warehouses during this period. The projected growth rate highlights a trend towards greater efficiency, productivity, and cost-effectiveness within the warehousing sector, as companies invest in automation to streamline operations, improve accuracy, and meet the growing demands of e-commerce and supply chain logistics.
References
0. – https://www.www.warehousingforum.com
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5. – https://www.www.warehousinglogisticsinternational.com
6. – https://www.www.prnewswire.com
7. – https://www.www.indexbox.io
8. – https://www.www.sior.com
9. – https://www.www.fortunebusinessinsights.com
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