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2024 U.S. Industry Statistics & Market Forecast - General Warehousing and Storage


Market Size & Industry Statistics

The total U.S. industry market size for General Warehousing and Storage: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The General Warehousing & Storage industry, much like any other industry, is evolving rapidly. In recent years, a variety of key trends have emerged that are shaping the present and future of the industry.

One such trend is the shift towards automation and technological advancements. With the increasing demand for fast and efficient warehousing and storage solutions, companies are looking to automation and digitalization to streamline their operations and remain competitive. This includes the use of technologies such as robotics, AI, and automation software to manage inventory, process orders, and optimize warehouse layouts.

Another trend impacting the industry is the rise of e-commerce and online shopping. As more consumers turn to online shopping, the demand for warehousing and storage space has skyrocketed. To meet this demand, companies are expanding their facilities, increasing automation and efficiency, and leveraging advanced data analytics to improve their logistics and supply chain operations.

Sustainability is also playing an increasingly important role in the warehousing and storage industry. Companies are embracing sustainable practices to reduce waste, cut costs, and meet the growing demand for green solutions. This includes the adoption of renewable energy sources, the use of recycled materials, and the implementation of eco-friendly transport options.

Finally, the industry is facing increasing competition from smaller, more agile players who are disrupting traditional business models. To succeed in this rapidly evolving landscape, companies need to be adaptable, innovative, and customer-focused, while also leveraging the latest tools and technologies to optimize their operations and stay ahead of the curve.



Product & Services Breakdown

Research products and services in the General Warehousing and Storage industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Tr

Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Le

Transportation Of Other Goods By Road

Drayage Services

Warehousing Services

Handling Services For Goods

Storage Services For Goods

Packing Services For Goods

Freight Transportation Arrangement Services

Other Products



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a General Warehousing and Storage company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the General Warehousing and Storage industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on General Warehousing and Storage measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations 11%
Material Recording, Scheduling, Dispatching, and Distributing Workers 6%
Transportation and Material Moving Occupations 75%
Motor Vehicle Operators 5%
Driver/Sales Workers and Truck Drivers 5%
Material Moving Workers 67%
Industrial Truck and Tractor Operators 17%
Industrial Truck and Tractor Operators 17%
Laborers and Material Movers 50%
Laborers and Freight, Stock, and Material Movers, Hand 22%
Stockers and Order Fillers 22%
Source: Bureau of Labor Statistics


General Warehousing and Storage Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the General Warehousing and Storage industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the General Warehousing and Storage industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the General Warehousing and Storage industry.
Source:
IncFact


Recent Federal Contracts for General Warehousing and Storage

  • Feb 27, 2024: PARIS BROTHERS, INC. (Kansas City, MO) awarded $2,000,000
  • Feb 27, 2024: WESTINGHOUSE GOVERNMENT SERVICES LLC (Hopkins, SC) awarded $3,146,340
  • Feb 27, 2024: RETURNS 'R' US, INCORPORATED (Mundelein, IL) awarded $28,795
  • Feb 27, 2024: 2710 S NELSON SP, LLC (Arlington, VA) awarded $36,199
  • Feb 27, 2024: KOHLER CO. (Sheboygan, WI) awarded $1,190,000
  • Feb 27, 2024: IRON MOUNTAIN INFORMATION MANAGEMENT, LLC (Boston, MA) awarded $29,668,023




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