We have released our latest update of the Warehouse Building Stock Database. The below infographic demonstrates some of our key findings
In less than a year, US e-commerce penetration rose from ~10% of all retail sales in late 2019 to roughly 15% by the end of 2020. With global e-commerce online sales projected to more than double over the next five years, 28,500 warehouses will be added to the global stock.
The infographic is also available to download in PDF here
– There were an estimated 150,599 warehouses in the world at the end of 2020. By 2025, the number of warehouses in the world will increase to just under 180,000.
– Approximately 24.5% of all warehouses have some form of automation at the end of 2020
– Interact Analysis estimates that there was 25 billion square feet of warehouse space at the end of 2020, and that this figure is set to rise by 5.2% per year up to 33 billion square feet by 2025
– Interact Analysis predicts that 60% of the 150k+ warehouses in the world are staffed in areas where the average labor cost is under $10 per hour base pay
– Interact Analysis forecasts an average of 14.7% year-on-year growth in e-commerce globally, with the fastest pace occurring in 2020 and 2021 and slowly tempering afterwards
– An additional 3.5 million warehouse full time equivalents are needed at fulfillment centers over the next 5 years
– China, United States, Japan, India, and Germany were estimated to account for 57% of the global warehouse footprint in 2020
– With an 11.2% global CAGR, total labor spend will rise rapidly over the next five years as a function of both increasing numbers of workers required and rising hourly labor rates