Safe storage: As the number of businesses grows, the demand for industry services increases

Over the five years to 2018, the Specialized Storage and Warehousing industry has grown in response to strong demand from key market segments. In addition to increased petroleum storage demand, the industry has benefited from rising demand for document services and chemical and lumber storage. The low interest rate environment during the five-year period, combined with improved consumer confidence and income levels, has supported substantial industrial activity. Oil production is anticipated to continue growing, but oil inventories are expected to be restricted by increased demand over the five years to 2023. Nonetheless, petroleum stocks are expected to remain high, particularly once prices move high enough to entice greater oil production...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
2.1%
Forecast Growth 18-23
Profit
Employment
45,905
Businesses
2,507

Industry Threats & Opportunities

  • The industry has benefited from rising demand for document services and chemical and lumber storage
  • The industry is sensitive to demand for document, chemical, lumber and whiskey storage
  • Demand for petroleum storage is expected to be supported by relatively low oil prices
  • Industry Report - Industry SWOT Analysis Chapter

    The Specialized Storage and Warehousing industry is in the mature phase of its life cycle. Industry value added, which measures the industry's contribution to GDP, is expected to grow at an annualized rate of 1.7% over the 10 years to 2023. At the same time, GDP is expected to grow at an annualized rate of 2.2%. Although industry IVA is expected to grow slightly slower than GDP during the period, the growth level is largely in line with that of the overall economy and therefore indicates a mature industry.Overall, the industry is experiencing market saturation. Furthermore, a significant amount of merger and acquisition activity is occurring in the industry as companies seek market share through scale while the potential for new organic growth has receded. Com...purchase to read more.

    Additional Insights for the Specialized Storage & Warehousing Industry

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

  • Ability to alter mix of inputs in line with cost
  • Optimum capacity utilization
  • Automation reduces costs, particularly those associated with labor
  • IBISWorld analysts also discuss how external factors such as Demand from oil drilling and gas extraction and Demand from petroleum refining in the Specialized Storage & Warehousing industry impact industry performance..

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    What's in this report

    What is the Specialized Storage & Warehousing Industry?

    Companies in the Specialized Storage and Warehousing industry primarily operate specialized warehousing and storage facilities. This does not include general merchandise, refrigerated and farm product warehousing or storage.

    Industry Products
  • Bulk petroleum and chemical storage
  • Document storage and warehousing
  • Whiskey warehousing
  • Other services
  • Bulk lumber storage
  • Industry Activities
  • Operating automobile dead storage
  • Operating bulk petroleum storage
  • Operating chemical storage terminals
  • Operating lumber storage terminals
  • Warehousing whiskey
  • Other warehousing and storage operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from oil drilling and gas extraction
  • Demand from petroleum refining
  • Oil and natural gas price index
  • Excise tax on distilled spirits
  • Price of sawmill lumber

  • Current Performance
  • Petroleum storage dictates demand
  • Economic growth driving secondary markets
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Oil and economic growth
  • Employment, wages and enterprises grow
  • Table: Specialized Storage & Warehousing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Logging
  • Oil Drilling & Gas Extraction
  • Sawmills & Wood Production
  • Petroleum Refining
  • Petrochemical Manufacturing
  • Gasoline & Petroleum Wholesaling

  • Key Selling Industries
  • Engineering Services
  • Industrial Building Construction
  • Metal Pipe & Tube Manufacturing
  • Pump & Compressor Manufacturing

  • Products & Services
  • Bulk petroleum and chemical storage
  • Bulk lumber storage
  • Whiskey warehousing
  • Other services
  • Document storage and warehousing
  • Chart: Specialized Storage & Warehousing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Petroleum and chemical industry
  • Construction and Forestry companies
  • Whiskey distillers
  • Other
  • Accounting, financial and legal departments
  • Chart: Major Market Segmentation for the Specialized Storage & Warehousing Industry

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

  • Basis of Competition
    InternalExternal
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Specialized Storage & Warehousing Industry

  • Industry Globalization
    Kinder Morgan Inc., Iron Mountain Inc., Apex Oil Company Inc.,
  • Table: Kinder Morgan Inc. - financial performance
  • Table: Iron Mountain Inc. - financial performance
  • Table: Apex Oil Company Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Specialized 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 Specialized Storage & Warehousing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • US oil and gas production index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Automobile Dead Storage
  • Storing new cars that are awaiting distribution to dealers and customers.
  • Crude Stocks
  • Crude oil and products held in refineries, pipelines and terminals.
  • Distillate
  • A liquid product condensed from vapor during distillation.
  • Tank Farm
  • Alternate name for an oil depot, facility for storage of liquid petrochemicals.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Specialized Storage & Warehousing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Specialized Storage & Warehousing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Specialized 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 Specialized 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 Specialized 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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