Global Warehousing and Distribution Logistics Market Size Set to Touch USD 24.6 Billion by 2029

Published | 17 July 2023

Global warehousing and distribution logistics market is flourishing because of an increasing international trade and e-commerce, growing online shopping has led to increased demand for fast and reliable order fulfilment and delivery services, supply chain optimization, and rising technological advancements.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global warehousing and distribution logistics market size at USD 11 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global warehousing and distribution logistics market size to grow at a significant CAGR of 6.28% reaching a value of USD 24.6 billion by 2029. Major growth drivers for the global warehousing and distribution logistics market include an increasing globalization, rising e-commerce platform, and growing outsourcing of logistics functions. The market's size has been steadily expanding as companies seek to streamline their supply chains and improve operational efficiency. The rapid growth of e-commerce is a major driver for the warehousing and distribution logistics market. The rise in online shopping has led to increased demand for efficient fulfillment and delivery services. E-commerce companies require robust warehousing and distribution networks to manage inventory, process orders, and deliver products to customers in a timely manner. Also, the expansion of global trade has fueled the demand for warehousing and distribution logistics services. With businesses operating on a global scale, there is a need for efficient transportation, storage, and distribution of goods across borders. Logistics providers play a crucial role in facilitating international trade by managing customs compliance, documentation, and transportation logistics. Hence, such aspects are expected to drive the growth of the global warehousing and distribution logistics market during the forecast period. However, infrastructure limitations, rising operational costs, and shortage of skilled labor and trained professionals are anticipated to restrain the growth of overall market during the period in analysis.

Global Warehousing and Distribution Logistics Market – Overview

The global warehousing and distribution logistics market refers to the industry that encompasses the storage, transportation, and distribution of goods and products from manufacturers or suppliers to end customers. It involves a range of activities and services such as inventory management, order fulfillment, packaging, labeling, transportation, and value-added services. The companies provide warehousing facilities where goods are stored before they are shipped to their final destinations. These warehouses can be operated by manufacturers, retailers, or specialized third-party logistics providers (3PLs). The warehouses serve as storage facilities for products, ensuring their availability and timely delivery. Distribution logistics, on the other hand, focuses on the transportation and delivery of goods from the warehouses to the desired locations, which can include retailers, wholesalers, or directly to end customers. Distribution logistics involves planning and managing transportation networks, optimizing routes, coordinating shipments, and ensuring timely and efficient delivery of goods. The global warehousing and distribution logistics market plays a crucial role in supply chain management, enabling the smooth flow of goods across different stages of the distribution process. It serves various industries such as retail, e-commerce, manufacturing, pharmaceuticals, automotive, and more. Companies operating in this market provide a range of services to meet the diverse needs of their clients. These services may include order processing, inventory tracking, cross-docking, reverse logistics, packaging, labeling, and value-added services like product customization or assembly.

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Impact of COVID-19 on Global Warehousing and Distribution Logistics Market

COVID-19 pandemic adversely affected global warehousing and distribution logistics market. Lockdowns, supply chain disruptions, and changes in consumer behavior caused significant challenges. However, the pandemic also accelerated the shift towards e-commerce, leading to increased demand for warehousing and efficient distribution services. Companies had to implement strict safety measures, adopt technology for contactless operations, and reassess inventory management practices. The crisis highlighted the importance of resilience, agility, and supply chain visibility.

Global Warehousing and Distribution Logistics Market – By Mode of Operation

Based on mode of operation, the global warehousing and distribution logistics market is divided into Storage, Roadways Distribution, and Seaways Distribution segments. The storage segment holds the highest market share in the global warehousing and distribution logistics market. This segment encompasses the storage of goods in warehouses and distribution centers. Efficient storage facilities are essential for managing inventory, optimizing order fulfillment, and ensuring timely product availability. The storage segment includes various types of warehouses, such as public warehouses, private warehouses, and fulfillment centers, catering to the diverse needs of industries and businesses.

Competitive Landscape

Major players operating in the global warehousing and distribution logistics market include Agility, CEVA Logistics, CJ Century Logistics, CWT Ltd, DB Schenker, DHL Supply Chain, Gemadept, Keppel Logistics, Kerry Logistics, Kuehne + Nagel International AG, Singapore Post, Tiong Nam Logistics, WHA Corp, YCH Group, and Yusen Logistics. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Warehousing and Distribution Logistics Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Warehousing and Distribution Logistics Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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