Cleveland, OH, May 23, 2023 — Revenues generated by US warehousing and storage service establishments are forecast to rise 2.6% yearly in nominal dollars through 2027, according to Warehousing & Storage Services: United States, a report recently released by Freedonia Focus Reports. Advances will be driven by projected gains in manufacturers’ shipments and retail sales. Faster gains will be restrained by continuing competition from substitute services like Fulfillment by Amazon, which effectively offers warehousing and storage for free as a consequence of its fulfillment and delivery services.
Revenues are forecast to grow less than 1.0% in 2023. Growth will be restrained by declines in the space needed by retailers that were overstocked due to supply chain issues in 2021 and 2022. Slower growth will also result from losses in the farm product segment, due to lower beginning stocks.
These and other key insights are featured in Warehousing & Storage Services: United States. This report forecasts to 2023 and 2027 US warehousing and storage service revenues in nominal US dollars. Total demand is segmented by type in terms of:
- farm product
- other establishments such as bonded warehousing, bulk petroleum storage, and document storage and warehousing
To illustrate historical trends, total revenues and the various segments are provided in annual series from 2012 to 2022.
Establishments that sell the goods they handle (i.e., wholesale trade or retail establishments) are excluded from the scope of this report. Lessors of mini-warehouses and self-storage units are also excluded.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study