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Public Storage & Warehousing in the US - Industry Market Research Report

  • June 2017
  • 36 pages
  • ID: 198987

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Clockwork Storage: Sustained growth in e-commerce is expected to increase third-party warehousing needs

Abstract
Public Storage & Warehousing in the US

The Public Storage and Warehousing industry has benefited over the five years to 2017 from increases in consumer spending and manufacturing output, which have led to more shipments of consumer goods and therefore greater demand for warehouse space. The industry has also benefited from increased warehousing demand related to the growing prevalence of e-commerce, as many online sellers lack their own warehouse space. However, e-commerce has also presented challenges for the industry. Products sold to consumers online take up more warehouse space and require more labor for processing, as they are shipped individually rather than palletized for bulk shipments to retailers.

Over the five years to 2022, continued growth in consumer spending 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 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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