Full house: Rising demand from online retail has supported strong growth

The industry provides storage facilities to clients in a range of downstream markets, including manufacturers, wholesalers, retailers and freight companies. The industry has grown robustly during the past five years, propelled by strong growth in online shopping. Overall retail sales have also trended upwards and contributed to industry growth, as this increased the amount of stock flowing through warehouses and distribution centres. In addition, higher levels of international trade expanded demand for industry services, as more goods needed to be stored. Operators, especially larger players, also invested in new technology and provided valued-added services, such as inventory management...read more.

Industry Statistics & Market Size
Revenue
€897.1m
Annual Growth 14-19
6.9%
Forecast Growth 19-24
Profit
Employment
3,824
Businesses
342
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has recorded robust growth, supported by the development of trends in online shopping
  • Warehouses have become smarter, with many operators undertaking capital investment in technology
  • Further automation and vertical integration is expected to facilitate improved cost efficiencies
  • Industry Report - Industry Analysis Chapter

    Over the past five years, the industry has recorded strong growth. In large part this has been driven by rising online sales, which have fuelled industry demand, as products were kept in storage for a longer period rather than being transported to bricks-and-mortar retail outlets. Meanwhile, improving economic conditions enabled consumers to loosen purse strings, which allowed overall retail sales to rise, albeit at a significantly slower pace than online sales, supporting demand for industry services by increasing stock flows through warehouses and distribution centres. Export and import volumes also rose during the past five years and enhanced demand, as higher levels of international trade meant that more goods needed to be stored before they were transported. How...purchase to read more.

    Additional Insights for the Warehousing & Storage Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Warehousing & Storage Industry are

  • Proximity to transport
  • Optimum capacity utilisation
  • Automation - reduces costs, particularly those associated with labour
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Retail sales index - value sales of non-food products excluding automotive fuel, bars and motor trades in the Warehousing & Storage industry impact industry performance..

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    What's in this report

    What is the Warehousing & Storage in Ireland Industry?

    This industry consists of firms that operate storage facilities for all kinds of goods, including general merchandise warehouses and refrigerated warehouses. Companies that operate in-house storage facilities for their own goods are not included in this industry.

    Industry Products
  • General storage
  • Customs bonded warehouse storage
  • Other storage
  • Industry Activities
  • Storing general merchandise
  • Storing grains
  • Storing liquids and gases
  • Storing documents
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Retail sales index - value sales of non-food products excluding automotive fuel, bars and motor trades
  • Value of goods exports
  • Value of goods imports

  • Current Performance
    Demand driversTechnological changesMargins expand
  • Chart: Revenue Growth

  • Industry Outlook
    Online retailing propels growthTechnological developmentsPotential uncertaintiesProfitability improves
  • Table: Warehousing & Storage Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Warehousing & Storage Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Medical & Dental Instrument Manufacturing in Ireland
  • Clothing & Footwear Wholesaling in Ireland
  • Electrical Household Appliance Retailing in Ireland
  • Freight Road Transport in Ireland

  • Key Selling Industries
  • Building Construction in Ireland
  • General Building Cleaning in Ireland
  • Lifting & Handling Equipment Manufacturing in Ireland

  • Products & Services
  • General storage
  • Other storage
  • Customs bonded warehouse storage
  • Chart: Warehousing & Storage Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers and retailers
  • Manufacturing industries
  • Other industries
  • Chart: Major Market Segmentation for the Warehousing & Storage Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Warehousing & Storage

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Warehousing & Storage Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Warehousing & Storage Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Warehousing & Storage Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cold Storage
  • Warehousing of goods in temperature-controlled environments. These facilities are generally refrigerated.
  • Fast-Moving Consumer Goods (Fmcg)
  • Goods that are sold relatively quickly at low cost, such as soft drinks and toiletries.
  • Radio-Frequency Identification (Rfid)
  • A method of using tags that are applied to or embedded into a product to store information such as its source, destination and price.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Warehousing & Storage in Ireland market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Warehousing & Storage in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Warehousing & Storage in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Warehousing & Storage in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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