Public Storage & Warehousing in the US
The Public Storage and Warehousing industry has benefited over the five years to 2019 from increases in consumer spending and manufacturing output, which have led to more shipments of consumer goods and greater demand for warehouse space. In addition, amid a more-challenging economic environment early during the current period, businesses have increased their outsourcing of warehousing services to cut costs and preserve profit margins, a trend that has continued even as economic expansion removed some of the cost pressures that initiated it. Over the five years to 2024, continued increases in consumer spending, particularly online, are 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. Moreover, previous outsourcing trends are anticipated to continue.
Industry operators provide third-party storage warehousing and storage services to the manufacturing, wholesale and retail sectors. Operators generally use equipment, such as forklifts, pallets and racks, to handle goods in containers, such as boxes, barrels and drums. Industry companies avoid specializing in handling bulk products of any particular type, size or quantity. Companies that rent or lease space for self-storage to consumers are not included in this industry.
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.
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