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Public Warehousing Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 142
  • SKU: IRTNTR40796
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At an accelerating CAGR of 5.23%, the public warehousing market share is expected to increase to USD 46.88 billion from 2021 to 2026. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

This public warehousing market research report extensively covers market segmentations by the following:

  • Type - General and specialized
  • Geography - APAC, North America, Europe, Middle East and Africa, and South America

The public warehousing market report also offers information on several market vendors, including Agility Public Warehousing Co K.S.C.P., CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, FedEx Corp., Fullers Logistics Ltd., GEODIS, Globe Express Services, Kenco Group Inc., Kuehne Nagel International AG, NFI Industries, Penske Truck Leasing Co. LP, PiVAL International, Ryder System Inc., Saddle Creek Logistics Services, The China Fox Group Pty Ltd., United Parcel Service Inc., Warehouse Services Inc., Wincanton Plc, and XPO Logistics Inc. among others.

What will the Public Warehousing Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Public Warehousing Market Size for the Forecast Period and Other Important Statistics

 

Public Warehousing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing number of SMEs is notably driving the public warehousing market growth, although factors such as shortage of skilled labor may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the public warehousing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Public Warehousing Market Driver

  • One of the key factors driving the global public warehousing market growth is the growing number of SMEs owing to government initiatives, such as exclusive economic zone for SMEs, providing better credit facilities, and reduced tax rates.
  • As SMEs are typically limited in terms of their financial capabilities and infrastructure, they generally opt for public warehouses to fulfill their warehousing and storage needs.
  • As per the World Bank Group, SMEs represent about 90% of the businesses and more than half of the employees across the world.
  • Public warehouses allow these SMEs to use as much space as and when required without investing in workforce and technology.
  • The growth of SMEs across the world will continue to boost the demand for public warehouses during the forecast period.

Key Public Warehousing Market Trend

  • Rise in automation and implementation of smart warehousing solutions is one of the key public warehousing market trends that is expected to impact the industry positively in the forecast period.
  • A smart warehouse, like a smart home, is equipped with a number of automated and interconnected technologies to boost warehouse productivity and efficiency while reducing errors and reducing the number of human workers.
  • Artificial intelligence (AI) is a significant component of supply chain automation.
  • The logistics business has embraced robotic and cognitive automation (RCA) technology, particularly robotic process automation (RPA).
  • Several companies in the e-commerce and logistics industries have started adopting AI and automation in their distribution and warehouse centers.
  • Amazon.com Inc. (Amazon.com), the biggest e-commerce retailer, has more than 200,000 mobile robots working in its warehouses.
  • The increase in the automation and implementation of smart warehousing solutions will further support market growth in the coming years.

Key Public Warehousing Market Challenge

  • One of the key challenges to the global public warehousing market growth is the shortage of skilled labor.
  • The boom in the warehousing industry has resulted in a massive growth in hiring and demand for workers.
  • According to the US Bureau of Labor Statistics (BLS), as of July 2021, the warehousing and storage sector in the US employed 1.44 million workers. However, the warehousing and order fulfillment industries are experiencing a significant labor shortage, which is jeopardizing the overall growth of the warehousing industry.
  • The growing demand for skilled labor is being outpaced by the growth of the labor pool.
  • The unavailability of skilled labor in regions such as North America and Europe keeps wages relatively high, which negatively impacts the overall operating costs.
  • The reduction in the profit margins due to the rise in fixed costs may hamper the market growth in the coming years.

This public warehousing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global public warehousing market as a part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the public warehousing market during the forecast period.

Who are the Major Public Warehousing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Agility Public Warehousing Co K.S.C.P.
  • CEVA Logistics AG
  • Deutsche Bahn AG
  • Deutsche Post DHL Group
  • FedEx Corp.
  • Fullers Logistics Ltd.
  • GEODIS
  • Globe Express Services
  • Kenco Group Inc.
  • Kuehne Nagel International AG
  • NFI Industries
  • Penske Truck Leasing Co. LP
  • PiVAL International
  • Ryder System Inc.
  • Saddle Creek Logistics Services
  • The China Fox Group Pty Ltd.
  • United Parcel Service Inc.
  • Warehouse Services Inc.
  • Wincanton Plc
  • XPO Logistics Inc.

 

This statistical study of the public warehousing market encompasses successful business strategies deployed by the key vendors. The public warehousing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Agility Public Warehousing Co K.S.C.P. - The company offers public sustainable warehousing solutions with recycling zone, solar panels, xeriscaping, and drought-tolerant plants.
  • Agility Public Warehousing Co K.S.C.P. -  The Logistics and Related Services segment provides a comprehensive logistics offering to its clients, including freight forwarding, transportation, contract logistics, project logistics, and fairs and events logistics.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The public warehousing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Public Warehousing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the public warehousing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Public Warehousing Market?

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51% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for public warehousing in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The booming e-commerce business and growing industrialization will facilitate the public warehousing market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 severely disrupted the economy of the region. Industrial activity in APAC was adversely impacted in 2020 due to the COVID-19 pandemic. The warehousing industry faced a shortage of workers due to pandemic-related restrictions. Delay in manufacturing from major industries such as chemical and manufacturing negatively impacted the public warehousing market in the region. On the contrary, a rapid increase in online shopping had a positive impact on the market. In addition, the adoption of vaccination drive across the region and the resumption of industrial activities helped to stabilize the growth of the market in the last quarter of 2020. Growing demand for cold chains and pharmaceutical warehouses, as well as growth in e-commerce and organized retail, are expected to boost the growth of the market during the forecast period.

What are the Revenue-generating Type Segments in the Public Warehousing Market?

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The public warehousing market share growth by the general segment will be significant during the forecast period. As e-commerce sales have expanded, demand for consumer goods and products such as household goods, clothes, and utility products has increased, which requires general warehousing. As a result, demand for general warehouses is expected to rise during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the public warehousing market size and actionable market insights on post COVID-19 impact on each segment.

 

Public Warehousing Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.23%

Market growth 2022-2026

$ 46.88 billion

Market structure

Fragmented

YoY growth (%)

4.48

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agility Public Warehousing Co K.S.C.P., CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, FedEx Corp., Fullers Logistics Ltd., GEODIS, Globe Express Services, Kenco Group Inc., Kuehne Nagel International AG, NFI Industries, Penske Truck Leasing Co. LP, PiVAL International, Ryder System Inc., Saddle Creek Logistics Services, The China Fox Group Pty Ltd., United Parcel Service Inc., Warehouse Services Inc., Wincanton Plc, and XPO Logistics Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Public Warehousing Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive public warehousing market growth during the next five years
  • Precise estimation of the public warehousing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the public warehousing industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of public warehousing market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 General - Market size and forecast 2021-2026
      • Exhibit 28: Chart on General - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on General - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on General - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on General - Year-over-year growth 2021-2026 (%)
    • 5.4 Specialized - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Specialized - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Specialized - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Specialized - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Specialized - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Agility Public Warehousing Co K.S.C.P.
              • Exhibit 89: Agility Public Warehousing Co K.S.C.P. - Overview
              • Exhibit 90: Agility Public Warehousing Co K.S.C.P. - Business segments
              • Exhibit 91: Agility Public Warehousing Co K.S.C.P. - Key news
              • Exhibit 92: Agility Public Warehousing Co K.S.C.P. - Key offerings
              • Exhibit 93: Agility Public Warehousing Co K.S.C.P. - Segment focus
            • 10.4 CEVA Logistics AG
              • Exhibit 94: CEVA Logistics AG - Overview
              • Exhibit 95: CEVA Logistics AG - Business segments
              • Exhibit 96: CEVA Logistics AG - Key offerings
              • Exhibit 97: CEVA Logistics AG - Segment focus
            • 10.5 Deutsche Bahn AG
              • Exhibit 98: Deutsche Bahn AG - Overview
              • Exhibit 99: Deutsche Bahn AG - Business segments
              • Exhibit 100: Deutsche Bahn AG - Key offerings
              • Exhibit 101: Deutsche Bahn AG - Segment focus
            • 10.6 Deutsche Post DHL Group
              • Exhibit 102: Deutsche Post DHL Group - Overview
              • Exhibit 103: Deutsche Post DHL Group - Business segments
              • Exhibit 104: Deutsche Post DHL Group - Key news
              • Exhibit 105: Deutsche Post DHL Group - Key offerings
              • Exhibit 106: Deutsche Post DHL Group - Segment focus
            • 10.7 FedEx Corp.
              • Exhibit 107: FedEx Corp. - Overview
              • Exhibit 108: FedEx Corp. - Business segments
              • Exhibit 109: FedEx Corp. - Key offerings
              • Exhibit 110: FedEx Corp. - Segment focus
            • 10.8 GEODIS
              • Exhibit 111: GEODIS - Overview
              • Exhibit 112: GEODIS - Product / Service
              • Exhibit 113: GEODIS - Key offerings
            • 10.9 Kenco Group Inc.
              • Exhibit 114: Kenco Group Inc. - Overview
              • Exhibit 115: Kenco Group Inc. - Product / Service
              • Exhibit 116: Kenco Group Inc. - Key offerings
            • 10.10 Kuehne Nagel International AG
              • Exhibit 117: Kuehne Nagel International AG - Overview
              • Exhibit 118: Kuehne Nagel International AG - Business segments
              • Exhibit 119: Kuehne Nagel International AG - Key news
              • Exhibit 120: Kuehne Nagel International AG - Key offerings
              • Exhibit 121: Kuehne Nagel International AG - Segment focus
            • 10.11 United Parcel Service Inc.
              • Exhibit 122: United Parcel Service Inc. - Overview
              • Exhibit 123: United Parcel Service Inc. - Business segments
              • Exhibit 124: United Parcel Service Inc. - Key offerings
              • Exhibit 125: United Parcel Service Inc. - Segment focus
            • 10.12 XPO Logistics Inc.
              • Exhibit 126: XPO Logistics Inc. - Overview
              • Exhibit 127: XPO Logistics Inc. - Business segments
              • Exhibit 128: XPO Logistics Inc. - Key offerings
              • Exhibit 129: XPO Logistics Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The public warehousing market market growth will increase by $$ 46.88 billion during 2023-2026.
              The public warehousing market market is expected to grow at a CAGR of 5.23% during 2023-2026.
              Technavio has segmented the public warehousing market market by type (General and Specialized) and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              Agility Public Warehousing Co K.S.C.P., CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, FedEx Corp., Fullers Logistics Ltd., GEODIS, Globe Express Services, Kenco Group Inc., Kuehne Nagel International AG, NFI Industries, Penske Truck Leasing Co. LP, PiVAL International, Ryder System Inc., Saddle Creek Logistics Services, The China Fox Group Pty Ltd., United Parcel Service Inc., Warehouse Services Inc., Wincanton Plc, XPO Logistics Inc. are a few of the key vendors in the public warehousing market market.
              APAC will register the highest growth rate of 51% among the other regions. Therefore, the public warehousing market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the public warehousing market market growth are:
              • Growing number of SMEs
              • Rise in automation and implementation of smart warehousing solutions
              The public warehousing market market vendors should focus on grabbing business opportunities from the general segment as it accounted for the largest market share in the base year.
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