Armstrong & Associates estimates that for 2022, the total U.S. warehousing market reached $246.0 billion. Value-added warehousing and distribution (VAWD) gross revenue posting 22.7% growth to $67 billion and net revenue reaching $49.8 billion with 21.1% growth. Total U.S. warehouse inventory space reached an estimated 11.7 billion square feet by the end of 2022.
To track the most up-to-date costs, pricing, and practices in North American warehousing, A&A collected information from various contract warehousing operations and warehouse contracts in North America. The results are published in a report, “Restart: The Business of Warehousing in North America in the Post-Pandemic Era, Market Size, Major 3PLs, Benchmarking Costs, Prices and Practices.” The report is the latest in A&A’s series of warehousing studies, which have been instrumental resources to the industry for over 17 years.
In addition to market estimates, warehousing operators and customers of third-party logistics providers (3PLs) will find how the warehousing industry has changed significantly prior to and after the pandemic shutdowns and subsequent demand increases.
Top 50 North American VAWD 3PLs
A&A’s Top 50 North American VAWD 3PLs list—representing 4,272 facilities totaling 1,046.1 million square feet of warehousing space—includes data on leading 3PLs, including number of warehouses, total space, warehouse and value-added service capabilities, and warehouse management system (WMS) deployment. The Top 50 have an average of 85 warehouses with an average size of 283,067 square feet.
U.S. 3PL e-commerce revenue
Armstrong estimates that U.S. 3PL e-commerce Revenues reached $35.3 billion in 2022, producing a 5-year CAGR of 29.8%. Growth in 2021 was the highest year-over-year growth since 2017, reaching as high as 59%, as e-commerce purchases spiked due to the pandemic and shutdowns. For 2022, Armstrong estimates 18% growth for U.S. 3PL e-commerce revenue as the market returns to normalcy at pre-pandemic levels. The complete report and other A&A research can be found here.
SC
MR
More 3PL
- Q1 sees a solid finish with positive U.S.-bound import growth, notes S&P Global Market Intelligence
- Orchestration: The Future of Supply Chain
- February and year-to-date U.S. import volume is solid, reports S&P Global Market Intelligence
- 2024 retail sales forecast calls for growth, says National Retail Federation
- ISM reports another month of services sector growth in February
- February manufacturing output declines, notes ISM
- More 3PL
Latest Podcast
Explore
Business Management News
- Joseph Esteves named CEO of SGS Maine Pointe
- Employees, employers hold divergent views on upskilling the workforce
- April manufacturing output slides after growing in March
- Q1 sees a solid finish with positive U.S.-bound import growth, notes S&P Global Market Intelligence
- 6 Questions With … Sandeep Bhide
- MIT CTL offering humanitarian logistics course
- More Business Management