London, UK, March 25, 2024 – Makreo Research, a leading provider of market intelligence and analysis, has released its latest report, Global Warehousing & Cold Storage Market (2020-2030). This comprehensive study offers invaluable insights into the dynamic landscape of worldwide warehouse and cold chain industries, catering to stakeholders and industry professionals seeking a deeper understanding of market trends and opportunities.
Global Demand Trends
In 2021, global warehouse space demand experienced a decline, attributed to reduced manufacturing orders and conservative consumer spending post-COVID-19. However, 2023 witnessed record-high absorption fueled by e-commerce expansion in Asian countries.
Prime Warehousing Property Costs
Total prime warehousing property costs surged by 10.1% in the 12 months leading up to June 2023 across 52 global markets. London emerged as the most expensive market, with costs reaching USD 35 per sq ft. Hong Kong and Tokyo followed closely, driven by intense competition amid land constraints.
Cold Storage Warehousing Market
The cold storage warehousing market grew by 7.17% in 2022, fueled by increased demand for pharmaceuticals, chemicals, and FMCG products post-pandemic. In 2023, generalized warehouses dominated the market, offering storage for a diverse range of products.
Growth Outlook
The global warehousing market is set for rapid expansion, with emerging economies such as India, Vietnam, Sweden, Poland, Bahrain, Qatar, and Canada attracting significant investments. In Malaysia, growing e-commerce and manufacturing sectors are boosting warehouse demand, while Singapore faces high rental rates. China leads warehousing demand in Asia, with India showing dynamic market trends and high absorption rates. China, Japan, and South Korea maintain their key roles in the region, while India displays resilience and robust demand for logistics supply.
Scope of the Study
Makreo Research’s report, ‘Global Warehousing and Cold Storage Market Size and Forecast (2020-2030),’ analyzes key players like XPO, Americold, Lineage Logistics, Kuehne Nagel, and CJ Logistics America. It offers competitive insights, financial profiles, and growth drivers, highlighting e-commerce expansion, technology, and logistics shifts for stakeholders seeking investment opportunities.
Geographies Covered
• Asia Pacific (India, China, Japan, Australia, Philippines)
• North America (United States, Canada)
• Europe (Germany, UK, Poland, France, Spain, Sweden)
• Middle East (UAE, Qatar)
About Makreo Research and Consulting
Makreo Research and Consulting is a Market research and consulting firm working closely with business conglomerates worldwide to help them in many aspects of driving their business growth and assist in making wise decisions with the help of our qualitative & quantitative market insights.Makreo Research and Consulting is specialised in infusing life to the business to rise with highest octave with the available resources. Geography is not our limitation; we have extended network of channel partners in many parts of the world that is extending with every new study.
