According to the research report titled ‘Global Storage and Warehouse Leasing Market Size study, by Type (Non-climate controlled, Climate controlled), by Application (Retail, Manufacturing, Others) and Regional Forecasts 2020-2027’ available with Market Study Report, global storage and warehouse leasing market is anticipated to expand substantially during 2020-2027.
 

Factors such as rising number of SMEs (small & middle enterprises), increasing outsourcing practices of the manufacturing processes and advancements in the third-party logistics industry are fostering the growth of global storage and warehouse leasing market.
 

For the record, storage and warehouse services provide solutions on a rental basis and are generally opted by small and medium scale organizations that cannot afford capital intensive activities like construction.
 

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Furthermore, rising population is leading to an upsurge in the product demand of the food & beverages vertical, which in turn is stimulating the overall market outlook. Citing an instance, according to Statista, global food & beverages industry witnessed a surge of 22.15% in the year 2019 in terms of revenue as since 2018.
 

On the contrary, emergence of several self-storage solutions is hampering the expansion of the market.
 

Based on type, the market is segmented into climate controlled and non-climate controlled. With regards to application, the market comprises of manufacturing, retail, and others.
 

From a regional frame of reference, Asia-Pacific presently dominates global market and is projected to record the highest CAGR over 2020-2027. Factors including rapid development in the food & beverages vertical, increasing number of SME establishments, and surging demand for cold storage services are augmenting the expansion of the regional market.
 

The companies that define the competitive landscape of worldwide storage and warehouse leasing market include SNCF Logistics, Ryder System, Inc., XPO Logistics, Inc., DHL Supply Chain, Godamwale Trading & Logistics Pvt. Ltd, Global Logistic Properties Ltd. (GLP), Public Storage, Inc., Prologis, Inc., Duke Realty Corporation, and Agility Public Warehousing Company K.S.C.P. among others.