Technavio analysts forecast the warehousing and storage market in the U.S. to grow at a Compound Annual Growth Rate of 6.93% between 2015 and 2019.
Technavio’s new report, "Warehousing and Storage Market in the U.S., 2015-2019," explains that 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 U.S. 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 says the warehousing and storage market in the U.S. can be segmented into two divisions based on types of warehousing and end users. In-depth analysis, with input from industry experts, is used in the report, which covers the market landscape and its growth prospects in the U.S. in the coming years. It includes the key vendors operating in the market as well.