Stored away: Steady growth in demand for oil drilling and gas storage will boost the industry

During the five years to 2016, the Specialized Storage and Warehousing industry, which handles bulk petroleum storage, chemical storage, automobile dead storage, lumber storage and whiskey storage, benefited from strong growth in many of its market segments, especially bulk petroleum storage. In the coming years, steady growth in demand for oil drilling and gas storage is expected to cause industry revenue to grow...purchase to read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 12-17
1.9%
Forecast Growth 17-22
Profit
Employment
44,534
Businesses
2,456

Industry Threats & Opportunities

  • The industry has benefited from rising demand for chemical manufacturers and the forestry sector
  • The industry is sensitive to demand for document, chemical, lumber and whiskey storage
  • Improved economic conditions will boost demand for the industry
  • Industry Report - Starting a New Business Chapter

    Barriers to entry vary depending on market and product segment. For the bulk petroleum segment, barriers to entry are high, but they are significantly lower for potential entrants into the automobile dead storage market. In aggregate, barriers to entry in the industry are moderate.Bulk petroleum storageBulk petroleum warehousing is subject to high barriers to entry because of the high capital costs associated with launching a facility, as well as the high costs of compliance with regulations. Before a bulk liquid storage facility can begin operations, it must acquire the relevant licenses to operate. These licenses are an absolute barrier, without which a company cannot begin to operate in the United States. The cost of licenses varies from state to state...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
  • 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
  • Demand from chemical manufacturing
  • Demand from logging

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

  • Demand Determinants
    Major Markets
  • Petroleum and chemical industry
  • Accounting, financial and legal departments
  • Other
  • Whiskey distillers
  • 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
  • Internal
  • External

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

  • Industry Globalization
    Kinder Morgan Inc., Iron Mountain Inc., Sunoco Inc., Buckeye Partners LP, Apex Oil Company Inc., Colonial Group Inc.,
  • Table: Kinder Morgan Inc. - financial performance
  • Table: Iron Mountain Inc. - financial performance
  • Table: Sunoco Inc. - financial performance
  • Table: Buckeye Partners LP - financial performance
  • Table: Apex Oil Company Inc. - financial performance
  • Table: Colonial Group 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • US oil and gas production index (2008-2022)

  • 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 industry research report on Specialized Storage & Warehousing can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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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