Types of segment contributing to the growth of the global public warehousing market size.

The global public warehousing market size is expected to grow at a CAGR of 5.25% during the forecast period. Based on type, the global public warehousing market has been segmented into general and specialized.

The demand for general warehousing is driven by the growth of industries such as automotive, retail, consumer goods, and chemicals. The growth in manufacturing output across the world has supported the increase in consumer spending, which is driving the demand for general warehouses. As these warehouses can be found near major transportation hubs such as railways and ports, the growth in global trade will drive the demand for general warehousing.

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Moreover, companies that export goods to other countries might not have warehousing facilities in those nations; therefore, they rely on such warehouses to avoid capital expenditure on building own warehouse. Furthermore, the growth in e-commerce sales has increased the demand for consumer goods and products such as household goods, apparel, and utility products, which require general warehousing. Thus, the demand for general warehousing is expected to continue, which, in turn, will contribute to the growth of the global public warehousing market size during the forecast period.