The gross output for the US Warehousing and Storage Industry is projected to grow steadily from 166.8 billion USD in 2024 to 185.28 billion USD in 2028. This forecasted growth indicates a consistent year-on-year increase, reflecting an average annual growth rate (CAGR) of approximately 2.67% over the five-year period. As of 2023, the industry stood at a certain baseline which would be extrapolated according to actual past data projections provided.
Key yearly percentage variations over the last two years:
- From 2024 to 2025: Growth of 2.85%
- From 2025 to 2026: Growth of 2.71%
- From 2026 to 2027: Growth of 2.60%
- From 2027 to 2028: Growth of 2.47%
Future trends to watch for include the impact of e-commerce growth, advancements in automation and technology, as well as potential regulatory changes in the logistics sector. These trends could further drive efficiency and expansion within the industry, potentially leading to even greater output increases in the coming years.
