Question

What kind of market structure does the warehouse and storage industry have, who are the major competitors in this industry?

Answer 1

Warehousing and storage industry offers warehousing and storage services of different types of goods and services. Here, the services offered are similar in nature and it requires huge space to provide warehouse and storage facilities as well as high cost of operations become entry barriers to the industry as well. Besides, there are some large players in the industry, having a chain of warehouses to provide storage services. It makes this industry to be of oligopoly market structure whose market size reached to be more than $72 Billion.

In this industry, major competitors are DHL, supply chain, XPO logistics, Americold, Iron Mountain, prologis and Burris logistics among the others. These companies are operating in the USA.