Lucintel's latest market report analyzed that warehousing provides attractive opportunities in the manufacturing, consumer goods, retail, food & beverage, IT hardware, healthcare, and chemical industries. The warehousing market is expected to reach $1,007.5 billion by 2028 with a CAGR of 6.9%. In this market, general is the largest segment by product type, whereas manufacturing is largest by end use industry.
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Based on product type, the warehousing market is segmented into general, refrigerated, and farm products. The general segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the expanding need for storage for preparing chemical compounds, particularly speciality chemicals, must be processed in warehouses before being delivered to various end use industries, such as automotive, consumer goods, and retail.
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The Warehousing Market is marked by the presence of several big and small players. Some of the prominent players offering warehousing include FedEx, XPO Logistics, APL, DHL International, and Genco Shipping.
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