Clockwork Storage: Sustained growth in e-commerce is expected to increase third-party warehousing needs

The Public Storage and Warehousing industry has benefited over the five years to 2017 from increases in consumer spending and manufacturing output, which have led to more shipments of consumer goods and therefore greater demand for warehouse space. The industry has also benefited from increased warehousing demand related to the growing prevalence of e-commerce, as many online sellers lack their own warehouse space. However, e-commerce has also presented challenges for the industry. Products sold to consumers online take up more warehouse space and require more labor for processing, as they are shipped individually rather than palletized for bulk shipments to retailers. Over the five years to 2022, continued growth in consumer spending is expected to sustain industry growth...read more.

Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 12-17
3.0%
Forecast Growth 17-22
Profit
Employment
230,440
Businesses
19,053
Market Share of Companies

Industry Threats & Opportunities

  • The industry has benefited from increased warehousing demand related to the growing prevalence of e-commerce
  • The growing prevalence of e-commerce has increased demand for third-party war
  • Outsourcing of logistics, including warehousing, is occurring at more than twice the pace of insourcing
  • Industry Report - Industry Investment Chapter

    The Public Storage and Warehousing industry has a low level of capital intensity. In this industry, wage costs are considerable, due to the importance of manual labor as well as oversight and monitoring. Apart from buildings, industry operators rely on capital equipment such as forklifts, pallets and racks to handle goods. This increases capital intensity, although most machinery requires further labor to be operated. As a result, companies are expected to spend about $0.09 on capital for every dollar spent on wages. Capital investment over the past five years has been driven by a focus on automated systems, which help maximize warehouse efficiency and reduce human error. How...purchase to read more.

    Additional Insights for the Public Storage & Warehousing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Public Storage & Warehousing Industry are

  • Use of most efficient work practices
  • Ability to alter mix of inputs in line with cost
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Consumer spending and commerce sales in the Public Storage & Warehousing industry impact industry performance..

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    What's in this report

    What is the Public Storage & Warehousing Industry?

    Industry operators provide third-party storage warehousing and storage services to the manufacturing, wholesale and retail sectors. Operators generally use equipment, such as forklifts, pallets and racks, to handle goods in containers, such as boxes, barrels and drums. Industry companies avoid specializing in handling bulk products of any particular type, size or quantity. Companies that rent or lease space for self-storage to consumers are not included in this industry.

    Industry Products
  • Handling services
  • Contract storage
  • Packing services
  • Other services
  • Transportation services
  • Industry Activities
  • Bonded warehousing, general merchandise
  • Private warehousing and storage, general merchandise
  • Public warehousing and storage (except self-storage), general merchandise
  • Warehousing (including foreign trade zones), general merchandise
  • Warehousing and storage, general merchandise
  • General warehousing and storage
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • commerce sales
  • Freight transportation services index
  • Total trade value
  • Manufacturing capacity utilization

  • Current Performance
  • Outsourcing trends
  • E-commerce and industry structure
  • Changing landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand
  • Integrated logistics
  • Table: Public Storage & Warehousing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Public Storage & Warehousing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Wholesale Trade
  • Retail Trade

  • Key Selling Industries
  • Forklift & Conveyor Manufacturing
  • Industrial Building Construction
  • Local Freight Trucking
  • Long-Distance Freight Trucking

  • Products & Services
  • Contract storage
  • Handling services
  • Packing services
  • Transportation services
  • Other services
  • Chart: Public Storage & Warehousing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retail and e-commerce
  • Manufacturing
  • Other
  • Chart: Major Market Segmentation for the Public Storage & Warehousing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent and utilities
  • Purchases
  • Marketing, depreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Public Storage & Warehousing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Public Storage & Warehousing Industry

  • Industry Globalization
    DHL,
  • Table: DHL - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Public Storage & Warehousing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Public Storage & Warehousing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total trade value (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Integrated Logistics Networks
  • A vertically merged supply chain.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • Radio Frequency Identification (Rfid)
  • A technology that continuously releases signals from a chip to track products from the time they leave the assembly line to the time they leave the store.
  • Third-Party Logistics Provider (3Pl)
  • A firm that provides a one-stop-shop service to its customers of outsourced logistics services for part or all of their supply chain management functions.
  • Wharf-Side Storage Shed
  • A building located on or near a wharf used for short-term cargo storage.
  • What Our Customers Say

    Why buy this report?

    The Public Storage & Warehousing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Public Storage & Warehousing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Public Storage & Warehousing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Public Storage & Warehousing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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