Public Storage & Warehousing in Canada
The Public Storage and Warehousing industry in Canada benefited over the five years to 2018 from increases in consumer spending and manufacturing output, which has led to more shipments of consumer goods, thus supporting demand for warehouse space. Industry operators, providing short-term public warehousing, long-term contract warehousing and a variety of value-added logistics services, generate demand from all sectors of the economy. As consumers' disposable income and confidence grew in line with the improving economy, so too did their ability to purchase goods and services. Over the five years to 2023, continued increases in consumer spending, particularly online, is expected to sustain industry growth. E-commerce is anticipated to continue growing as a share of total retail sales, which, despite the associated challenges, will significantly raise demand for third-party warehousing.
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.