Storage and Cargo Handling Service Market Revenue was valued at USD 60 Billion in 2024 and is estimated to reach USD 90 Billion by 2033, growing at a CAGR of 5% from 2026 to 2033.
The global Storage and Cargo Handling Service Market was valued at approximately USD 60 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The market growth is driven by the increasing demand for efficient logistics services, particularly in e commerce and industrial sectors. As the global trade volumes continue to rise, the demand for storage facilities and cargo handling services, which are crucial for managing goods in transit, is expected to expand significantly. In 2022, North America held a significant share of the market, contributing around USD 18 billion, driven by advancements in supply chain infrastructure and technology integration in storage and handling operations.
Regionally, the Asia Pacific region is anticipated to experience the highest growth during the forecast period, with an expected CAGR of 6.1%, owing to the rapid expansion of trade activities in countries like China and India. This region was valued at approximately USD 25 billion in 2022 and is expected to witness a surge in demand for warehousing and cargo handling due to booming industrialization, urbanization, and increasing cross border trade. Europe also remains a key market, valued at around USD 14 billion in 2022, with steady growth driven by the regions robust manufacturing sector and ongoing advancements in logistics technologies. The Middle East and Africa are also emerging markets, with the demand for storage and cargo handling services expected to grow by 4.4% CAGR during the forecast period.
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Able Freight
Alps Logistics
Ambassador Services International
AN Aviation
AOTGA
Broekman Logistics
BWS
Dnata
Keyence
Komerk Logistics
KONOIKE GROUP
Maritime
Rhenus
Supermaritime Group
TSUKISHIMA SOKO
Rocketbox
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Storage and Cargo Handling Service Market
Storage Services
Cargo Handling Services
Warehousing Services
Distribution Services
Aerospace
Automotive
Retail
Oil & Gas
Healthcare
Consumer Electronics
General Cargo
Bulk Cargo
Liquid Cargo
Refrigerated Cargo
Project Cargo
Indoor Storage
Outdoor Storage
Cold Storage
Automated Storage
Manual Handling
Automated Handling
Robotic Handling
Internet of Things (IoT) for Cargo Tracking
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Storage and Cargo Handling Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Storage and Cargo Handling Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Storage and Cargo Handling Service Market, By Type
6. Global Storage and Cargo Handling Service Market, By Application
7. Global Storage and Cargo Handling Service Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Storage and Cargo Handling Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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