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Public Warehousing Market size is set to grow by USD 59.14 billion from 2024-2028, Growing number of SMEs to boost the market growth, Technavio

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NEW YORK, June 13, 2024 /PRNewswire/ — The global public warehousing market size is estimated to grow by USD 59.14 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.6% during the forecast period. Growing number of smes is driving market growth, with a trend towards rise in automation and implementation of smart warehousing solutions. However, shortage of skilled labor poses a challenge. Key market players include Agility Public Warehousing Co. K.S.C.P, CEVA Logistics S A, Deutsche Bahn AG, Deutsche Post AG, FedEx Corp., Fullers Logistics Ltd., GEODIS, Globe Express Services logistics and Shipping Co., Kenco Group Inc., Kuehne Nagel Management AG, NFI Industries Inc., Penske Corp., PiVAL International, Ryder System Inc., Saddle Creek Logistics Services, The China Fox Group Pty Ltd., United Parcel Service Inc., Warehouse Services Inc., Wincanton Plc, and XPO Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (General and Specialized), Application (Manufacturing, Consumer goods, Retail, Healthcare, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

APAC, North America, Europe, Middle East and Africa, and South America

Key companies profiled

Agility Public Warehousing Co. K.S.C.P, CEVA Logistics S A, Deutsche Bahn AG, Deutsche Post AG, FedEx Corp., Fullers Logistics Ltd., GEODIS, Globe Express Services logistics and Shipping Co., Kenco Group Inc., Kuehne Nagel Management AG, NFI Industries Inc., Penske Corp., PiVAL International, Ryder System Inc., Saddle Creek Logistics Services, The China Fox Group Pty Ltd., United Parcel Service Inc., Warehouse Services Inc., Wincanton Plc, and XPO Inc.

Key Market Trends Fueling Growth

The public warehousing market is experiencing significant growth due to the adoption of automation technologies and smart solutions. Artificial intelligence (AI) and robotic process automation (RPA) are key trends, improving operational efficiency and productivity. Amazon.com leads the way with over 200,000 mobile robots in their warehouses. Public warehouses bear the initial investment for these advanced technologies, allowing end-users to benefit without high costs. As automation increases, public warehouses become an attractive option for businesses. 

The public warehousing market is currently experiencing significant growth, with many businesses opting for outsourced storage solutions. Urban areas are seeing a surge in demand for logistics and storage services due to increasing e-commerce sales. The use of technology in warehousing, such as automation and robotics, is becoming more common to improve efficiency and reduce costs.

Sustainability is also a trending topic, with many warehouses implementing green practices to reduce their carbon footprint. Additionally, the need for secure storage solutions is increasing due to the rise in cargo theft. Overall, the public warehousing market is evolving to meet the changing needs of businesses and consumers. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global public warehousing market faces a challenge due to the labor shortage, particularly in the skilled workforce sector. The warehousing industry’s growth has led to a surge in hiring and labor demand, with the US Bureau of Labor Statistics reporting 1.44 million employees in the sector as of July 2021.However, the labor shortage is hindering industry growth, with the need for a skilled workforce to handle advanced technologies and automated processes outpacing the labor pool’s growth. The location of public warehouses, often on the outskirts of cities, makes recruitment difficult and restricts companies from relocating. The labor shortage increases overall costs, keeping wages high and reducing profit margins for companies, especially during peak sales periods.The public warehousing market faces several challenges in today’s business environment. One major challenge is the increasing demand for customized logistics solutions. Customers want flexible storage options and quick access to their inventory.Another challenge is the need for advanced technology to manage and optimize warehouse operations. This includes the use of automation, real-time inventory tracking, and data analytics. Additionally, the market is experiencing intense competition, requiring warehousing providers to offer competitive pricing and high-quality services.Lastly, there are regulatory and compliance issues that must be addressed, such as safety standards and environmental regulations. Overall, the public warehousing market requires innovative solutions to meet the evolving needs of businesses while maintaining efficiency and profitability.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

Type 1.1 General1.2 SpecializedApplication 2.1 Manufacturing2.2 Consumer goods2.3 Retail2.4 Healthcare2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 General- The general warehousing segment is the largest in the public warehousing industry, catering to various sectors such as automotive, retail, consumer products, and chemicals. These warehouses do not require temperature control or special handling equipment. The rise of these industries and global trade, along with increasing consumer spending and e-commerce sales, drive the demand for general warehousing. Companies rely on third-party warehouses to avoid investing in their own facilities, making these warehouses strategically located near transportation hubs essential.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Public Warehousing Market encompasses large, shared facilities where businesses store their General Merchandise under a Contract Storage agreement. These facilities offer various Handling Services, including Packing Services and Transportation Services, making them integral components of the Supply chain industry.

Public warehousing services cater to multiple clients, making them a popular choice for E-commerce businesses and Omnichannel retailers. Data analytics tools, Cloud computing, Automation, Artificial intelligence, and Robotics are increasingly being integrated into Public Warehousing Solutions to enhance efficiency and accuracy. Dedicated warehousing and Third-party logistics services are also offered by providers in this sector to cater to diverse client needs.

Market Research Overview

The public warehousing market encompasses a vast network of facilities that provide storage solutions for various industries and businesses. These warehouses offer flexibility in terms of contract duration and size, making them an attractive option for businesses with fluctuating storage needs. The market is characterized by advanced technology integration, including automated storage and retrieval systems, and real-time inventory management. Sustainability is a growing concern, with many warehouses implementing energy-efficient practices and adopting green technologies.

The market is also driven by the increasing trend towards e-commerce and the need for efficient order fulfillment. Additionally, the market is witnessing a shift towards regional and urban warehousing to reduce transportation costs and improve delivery times. Overall, the public warehousing market plays a crucial role in the supply chain, enabling businesses to optimize their inventory and streamline their logistics operations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeGeneralSpecializedApplicationManufacturingConsumer GoodsRetailHealthcareOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

2024 China-ASEAN College Students’ AI Application Innovation, Recruitment is starting now!

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58 minutes ago

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January 14, 2025

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Free registration with generous rewards!
High winning rate, and professional project guidance throughout the entire process!

All participating contestants will receive free training opportunities, and winning projects will be granted entrepreneurial support as well as generous creative rewards! The entry requirements, competition process, and various other matters have already been prepared for you. So, come and sign up with your creative ideas !

KUALA LUMPUR, Malaysia, Jan. 14, 2025 /PRNewswire/ —

Competition Introduction

2024 China-ASEAN College Students’ AI Application Innovation, co-organized by Guangxi Tus Innovation Cross-Border E-commerce Co., Ltd & Brunsfield TusStar Sdn. Bhd. (TusStar Malaysia), aims to provide a platform for university students from China and ASEAN countries to exchange ideas and learn from each other, focusing on innovative elements such as artificial intelligence, vocational education, and the digital economy. It is dedicated to nurturing a new generation of youth who can adapt to the digital era, drive educational transformation through technology, and promote innovative cooperation and development of AI technology within the digital economy. We sincerely invite outstanding young talents to participate and jointly realize our innovative dreams from around the world!

Participants

It is face to Full-time college and undergraduate students from China and ASEAN countries (including international participating teams).

Competition Process and Schedule

Pre-registration and Preliminary Selection: November 29, 2024, 00:00 – February 14, 2025, 12:00
Online registration and submission of entry materials, preliminary screening of projects

Pre-competition Coaching: December 1, 2024 – February 14, 2025
Industry mentors’ sharing sessions, systematic understanding of AI applications, development of creative proposals

Project Coaching: February 19 – March 10, 2025
AI technology training, mentor guidance on projects

Final Road Show: Early March 2025
Onsite Final Road Show in Kuala Lumpur, Malaysia (combining online and offline elements)

Award Ceremony: Early March 2025
Award ceremony, expert and scholar symposium, sharing cutting-edge knowledge on the digital economy.

Award Settings

Gold Award*1  The prize of 4000 RMB/team
Silver Award*2  The prize of 3000 RMB/team
Bronze Award*3  The prize of 2000 RMB/team
And Most Creative Award 、Most Potential Award、Merit Award
You can get honor certificate, incubation support, internship opportunities, inclusion in domestic and international project databases.

Registration Channel

Competition Official Website：www.innoai-cnaseanhub.com

Contact: Teacher Luo 13263715689

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SOURCE TusStar Malaysia

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Technology

Datalogic introduces breakthrough embedded AI solutions at NRF 2025

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58 minutes ago

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January 14, 2025

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Test AI-driven solutions and the latest scanning technology at NRF, Booth #5639 

NEW YORK, Jan. 14, 2025 /PRNewswire/ — Datalogic, a global leader of barcode scanning solutions in Retail, T&L and Manufacturing, is set to revolutionize the retail industry with the unveiling of its latest embedded AI solutions and new products at the National Retail Federation (NRF) 2025 exhibition in New York.

From the first introduction of an automated checkout in 1974 to revolutionary solutions brought to the Retail World, Datalogic remains the undisputed leader in innovation. Datalogic is exhibiting its solutions at booth #5639.

The new Datalogic AI Loss Prevention Suite, featuring advanced machine learning models, will be available on Magellan™ multi-plane scanners and Mobile computers. This suite will support retailers reduce shrinkage across store operations, from checkout to in-store, improving both efficiency and accuracy.

Innovative Solutions for Loss Prevention at Checkout
Available exclusively on the Magellan series scanners, and fully integrated, debuting at NRF and scheduled for launch in 2025:

Produce Recognition on Magellan 9900i recognizes and identifies fresh produce with unparalleled accuracy, streamlining checkout processes and reducing errors.Ticket Switching Detection on Magellan 9600i, a groundbreaking feature identifying barcode substitutions that can result in pricing discrepancies, helping retailers safeguard revenue and maintain pricing integrity.Scan Avoidance Detection on Magellan 9600i, identifies potential instances where items are intentionally or unintentionally not scanned, offering retailers a proactive tool to minimize shrinkage.

Innovative Solutions for Loss Prevention In-store
Available exclusively with our latest and most advanced self-shopping software Shopevolution™ 8, debuting at NRF and scheduled for launch in 2025:

      4. AI Audit Rules for Shopevolution 8, equipped with AI and machine learning pre-trained models, helps to trigger audits only when needed using dynamic and real-time data, map shopping behavior and analyze shrink, enabling data-driven decisions.

A Milestone in Retail Technology
Unlike other solutions reliant on third-party partnerships, Datalogic’s embedded proprietary AI technology ensures seamless integration, robust performance, and unrivalled competitiveness. These solutions highlight Datalogic’s commitment to empowering retailers with advanced tools to optimize operations and enhance customer experience.

Datalogic is excited to welcome NRF attendees to visit booth #5639, where they can experience the latest advancements in AI-powered solutions and scanning edge technologies. Our expert team will be on hand to showcase how these intelligent solutions are transforming the way businesses operate in today’s fast-paced world. Don’t miss this opportunity to see how Datalogic is shaping the future of retail and beyond.

Datalogic Group

Global technology leader in the automatic data capture and factory automation markets since 1972, specialized in the designing and production of barcode readers, mobile computers, sensors for detection, measurement and safety, machine vision and laser marking systems.
Datalogic S.p.A. is listed in the Euronext STAR Milan segment of the Italian Stock Exchange since 2001 as DAL.MI. Visit www.datalogic.com.
Datalogic and the Datalogic logo are registered trademarks of Datalogic S.p.A. in many countries, including the U.S.A. and the E.U. Other trademarks belong to their respective owners.

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SOURCE Datalogic

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Technology

ASMO Announces First Warehouse Operations Go-Live and Strategic Partnership with Aramco

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58 minutes ago

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January 14, 2025

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DHAHRAN, Saudi Arabia, Jan. 14, 2025 /PRNewswire/ — ASMO, a joint venture between Saudi Aramco Development Company and DHL, yesterday announced the official launch of its operations, marking a significant milestone just one year after its incorporation. The announcement was made during the iktva Forum & Exhibition 2025 at the Dhahran Expo, held under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al-Saud, Governor of the Eastern Province, Saudi Arabia.

Coinciding with its operational launch, ASMO unveiled a landmark 15-year Procurement and Logistics Hub Services Agreement with Aramco. This strategic commercial partnership governs the relationship between Aramco as a customer and ASMO as a service provider. Under this agreement, ASMO will deliver integrated end-to-end supply chain services, including procurement, demand planning, inventory management, logistics, warehousing, establishing logistics hubs, and access to a B2B e-marketplace.

“This agreement reflects Aramco’s commitment to enhancing supply chain operations and strengthening local capabilities,” said Sulaiman M. Al Rubaian, Aramco Senior Vice President of Procurement & Supply Chain Management (A). “Our long-term agreement with ASMO demonstrates our trust and confidence in its ability to deliver integrated supply chain solutions that will optimize operations, drive cost-efficiency, and build an extensive supply chain ecosystem that is aligned with our strategic priorities.”

ASMO’s operational launch begins with the go-live of its warehousing operations in Riyadh, supporting Aramco’s central region operations.

“With the launch of our first warehouse operation in Riyadh and this strategic commercial agreement with Aramco, ASMO is taking its initial steps toward building a resilient logistics network that spans six strategically located, technology-enabled facilities across the Kingdom,” said Craig Roberts, ASMO CEO. “This milestone represents the beginning of our operational journey, as we expand our capabilities, address today’s supply chain challenges, and deliver solutions that create value for businesses across Saudi Arabia and the wider MENA region.”

As a key participant at iktva 2025, ASMO’s announcement demonstrates its commitment to advancing localization efforts, enhancing logistics infrastructure, and contributing to Vision 2030’s goal of positioning Saudi Arabia as a hub for global trade and supply chain excellence.

About ASMO

We are ASMO. Our mission is to provide reliable, world-class, procurement and end-to-end supply chain services that create value for companies in the energy, chemical, and industrial sectors across Saudi Arabia and the wider MENA region.

With a focus on efficiency, innovation, and cost optimization, we deliver streamlined and sustainable supply chain solutions. Our expertise includes materials procurement, inventory management, logistics, reverse logistics, and warehousing—all powered by cutting-edge technologies.

As a contributor to Saudi Arabia’s Vision 2030, ASMO supports economic diversification and resilience by advancing localization and building strategic partnerships.

To learn more about ASMO, please visit our website www.asmo.com.

Photo – https://mma.prnewswire.com/media/2597550/ASMO_Aramco.jpg

 

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SOURCE ASMO

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