Public Storage & Warehousing in Canada
The Public Storage and Warehousing industry has grown over the past five years. As consumers' disposable income and confidence rebounded in line with the improving economy, greater consumer demand facilitated growth in the industry's major downstream markets, manufacturing, wholesaling and retail. Coupled with a strong rise in total trade from the global economic recovery, these trends necessitated more storage space and facilitated the industry's growth. Despite a downturn in 2014 and 2015 as a result of a mild economic contraction, IBISWorld projects industry revenue to grow over the five years to 2016. The industry is projected to grow steadily over the five years to 2021, supported by strong demand from downstream markets. Higher disposable income levels will drive demand across the manufacturing, wholesale and retail sectors, necessitating more industry services to house and deliver goods. Greater trade activity, likewise, will cause businesses across major markets to increase demand for warehousing and storage services. As a result, IBISWorld expects industry revenue to increase over the period.
Industry operators provide public warehousing and storage services. Operators generally use equipment such as forklifts, pallets and racks to handle goods in containers such as boxes, barrels and drums. Industry operators avoid specializing in handling bulk products of any particular type, size or quantity. Companies that rent or lease space for self-storage for consumers are not included in this industry (see IBISWorld report 53113CA).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.