(EMAILWIRE.COM, December 18, 2018 ) The global warehousing and storage market, a part of the transportation services industry, grew at a compound annual growth rate (CAGR) of around 6% during the historic period. The transportation services industry showed a steady growth. This market has registered steady growth rate in the historic period due to increasing demand for consumer goods and mature ecommerce industry in developed countries and increasing retail penetration in emerging countries such as China, India and Brazil.
In the forecast period, the global warehousing and storage market size is expected to be over $600 billion by 2021, growing at a CAGR of nearly 7%. This is expected due to rise in trade activity in emerging economies such as China, India, Malaysia, South Africa, Brazil, and Russia, rise in consumption of processed food products and increasing demand for consumer durable goods. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global warehousing and storage market in the future.
Find TBRCs report on the warehousing and storage market: http://www.thebusinessresearchcompany.com/report/warehousing-and-storage-global-market-report-2018
Many warehousing and storage companies are using big data analytics as a tool to plan and optimize warehouse operations. Big data analytics refers to the process of examining large sets of data to obtain useful information such as hidden patterns, market trends, unknown correlations and customer preferences. Big data analyses the location, capacity and flexibility of warehouses to predict customer requirements.
Major companies in the warehousing and storage market, offering new technology include DHL, UPS, Kuehne + Nagel, CEVA Logistics, Burris Logistics, Prologis, AmeriCold Logistics, Panalpina, and CH Robinson
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