Dublin, Sept. 14, 2020 (GLOBE NEWSWIRE) -- The "Warehousing and Storage Services - Global Market Outlook (2019 -2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Warehousing and Storage Services Market is growing at a CAGR of 11.8% during the 2019 to 2027
Growth in e-commerce industry and increasing popularity of omnichannel are the major factors propelling market growth. However, the huge maintenance cost is hampering market growth.
Based on the type, the refrigerated warehousing and storage segment is likely to have a huge demand due to rising demand for frozen foods. Thus, to keep away from any harm to frozen or canned foods, these are the finest suitable option, thus growing the command of such a warehouse. Considering the demand for this market, companies are entering this segment to gain competitive advantage and develop their geographic presence. This development is expected to manipulate other vendors to get bigger their presence as well.
By geography, Asia Pacific is estimated to have a lucrative growth due to the growing penetration of e-commerce and the rising purchasing power of the customers in the region.
Furthermore, India which is the second popular country in the world has a predominantly consumption-led economy. Consequently, companies are seeing this as a huge opportunity, and thus growing their presence in the country, thereby raising the command for this market.
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For more information about this report visit https://www.researchandmarkets.com/r/q039lk
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