Fast Market Research announces the availability of the new TechNavio report, "Warehousing and Storage Market in the US 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/04/2015 -- Warehousing is the process of storing goods and materials in a large storage facility, usually referred to as warehouse. Warehouse operators offer different kinds of services, such as loading and unloading, inventory management tools, and other supply chain-related services. In addition, they provide a wide range of value-added services, like assortment and grading, packaging and labeling, and shipping. Warehousing improves logistics effectiveness by introducing new and innovative SCM system. The warehouse industry in the US includes some major innovations in technology, such as RF barcode scanners, computerized vehicle routing, document automation, cloud technology for advance 3PL, and real-time monitoring systems.
Technavio analysts forecast the warehousing and storage market in the US to grow at a CAGR of 6.93% during 2015-2019.
Commenting on the report, an analyst from Technavio's team said: "Energy-efficient warehouses characterize improved operational efficiency with low operating costs. These warehouses provide highly innovative inventory tracking methods and value-added services such as repackaging and quality control testing. By implementing advanced technologies for IT systems, lighting, cooling, heating, and refrigeration systems, warehouse companies can perform their operations efficiently and effectively. It also helps them in gaining profit and providing employees with more comfortable working environments, thereby reducing employee turnover. By adopting energy-saving techniques such as efficient fittings, lamps, and pumps, lighting energy can be saved by up to 50%. These beneficial factors of energy-efficient warehouses will contribute to the growth of the warehouse industry in the US."
Get More Details on this Report and a Full Table of Contents at Warehousing and Storage Market in the US 2015-2019
According to the report, the US is the world's largest economy in terms of GDP. In FY2013, its nominal GDP was valued at $16.77 trillion. In addition, its GDP at purchasing power parity is high across the world. The high economic growth is a result of the growth in industries in the US such as manufacturing, FMCG, IT and electronics, and food and retail. These industries use different kinds of warehousing and storage services in their operations for different business activities. Thus, growth in these end-user segments will increase the demand for warehouses and storage, thereby driving the growth of the market during the forecast period.
Further, the report states that one of the major challenge for this market is reluctance in adopting advanced technologies.
The key players in the Warehousing and Storage Market in the US are AmeriCold Logistics, CEVA Logistics, DHL, GENCO and Kuehne + Nagel while other prominent vendors include 3G Warehouse, Absolute Logistics, ADAMS Warehouse, APL Logistics, ARROWPAC, Atlanta Service Warehouse, Atlantic Relocation Systems, Atlas Cold Storage, Barrett Distribution Center, Belacon Enterprises, Beltmann Integrated Logistics, Bradford Global Logistics, Brown Integrated Logistics, Burris Logistics, California Cross Dock, Canal Cartage, Cargoways Logistics, Caterpillar Logistics Services, Champion Logistics Group, Cimetra Warehousing & Distribution, Clutch Global Logistics, Comet Warehousing & Distribution Services, Conard Logistics, Corropack Containers, Crowley Logistics, CWC Logistics, DAMCO, DC Logistics, DFW Distribution, Diversified Contractors, Dixie Storage, Dothan Warehouse, DSC Logistics, Dunavant Global Logistics, Dupre Logistics, Dupuy Storage & Forwarding, Eagle Shipping Center, Estafeta USA, Fourway Warehouse & Distribution, Freight Dynamics, Friendly Public Warehouse, Gateway Distributions, Hanzo Logistics, Jacobson Companies, Javelin Logistics, JBS Logistics, JMC Express, Kenco Logistic Services, Lakeland Moving and Storage, Lanter Distributing, LeSaint Logistics, Lincoln Warehouse, Massood Logistics, McLane Global, Menlo Worldwide Logistics, Miami Warehouse Logistics, Miller Intermodal Logistics, MIQ Logistics, NFI, Nickey Warehouses, Ozburn-Hessey Logistics, Penske Logistics, Port Logistics Group, Preferred Freezer Services, Ryder, Saddle Creek Logistics Services, Seahorse Express, Shelter Storage USA, SOPAKCO Distribution, Split Oak Logistics Center, Total Warehousing, UniGroup Logistics, UPS Supply Chain Solutions, UTi Worldwide, Warehouse Services, Warehouse Specialists, Werner Enterprises Dedicated and Logistics, Wincanton and XPO Logistics
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