Warehousing in North America Report

Armstrong & Associates, Inc. (A&A), a leading authority in Third‑Party Logistics (3PL) market research, consulting, and M&A advisory services, has released its newest in‑depth study, Even‑Keeled: The Business of Warehousing in North America: Market Size, Market Trends, Major 3PLs, Benchmarking Costs, Prices and Practices. The report provides the most comprehensive and current benchmarking data available on North American warehousing operations.

According to A&A’s latest market analysis, the total U.S. Warehousing Market reached $221.4 billion in 2024. Value‑Added Warehousing and Distribution (VAWD) gross revenue climbed to $69.6 billion, a 2.2% increase over 2023, while net revenue rose 3.7% to $53.8 billion. U.S. warehouse inventory capacity expanded to an estimated 12.4 billion square feet by year‑end.

Drawing on detailed data from 3PL contract warehousing operations and service agreements across North America, the new report offers a clear view of a sector that has undergone rapid transformation in recent years. For more than two decades, A&A’s warehousing studies have served as essential references for logistics executives, investors, and supply chain strategists.

A&A’s newest in‑depth study, Even‑Keeled: The Business of Warehousing in North America: Market Size, Market Trends, Major 3PLs, Benchmarking Costs, Prices and Practices.

A Deep Dive into Today’s Warehousing Realities

The 2026 edition provides extensive insights into the operational, financial, and technological forces shaping the industry, including:

• Extensive guidelines for warehouse pricing
• Top warehousing 3PL outsourcing pitfalls
• Warehousing 3PL sales benchmarks
• Contract lengths, warehouse sizes, and revenues
• Operating margins and expected vs. actual performance
• Detailed VAWD revenue and space analysis by region and commodity
• Dedicated vs. multi-client warehouse space by region
• Capability and technology benchmarks
• Warehouse management system (WMS) utilization trends
• Warehouse ownership models and handling types
• Free trade zone and bonded warehousing trends
• Market rental and vacancy rate trends
• A&A’s exclusive Top 50 North American VAWD 3PLs

Top 50 North American VAWD 3PLs: A Snapshot of Industry Leaders

A&A’s Top 50 list represents 4,995 facilities totaling 1.513 billion square feet of warehouse space. These leading 3PLs average 94 warehouses each, with an average facility size of 302,989 square feet. The ranking includes detailed profiles covering warehouse footprints, value-added service capabilities, and WMS deployment.

E-commerce Warehousing: Rebalancing and Reaccelerating

A&A’s analysis shows U.S. 3PL e‑commerce revenue declined 23% to $27.2 billion in 2023 following pandemic‑driven surges. However, the sector is poised for renewed growth, projected to reach $34.7 billion by 2026. Following the extraordinary 59% year-over-year increase in 2021, the market is stabilizing, with A&A forecasting 8% growth for 2025.

A Must-Have Reference for Logistics Decision‑Makers

This report provides unmatched market sizing, benchmarking, and operational intelligence – data available exclusively through Armstrong & Associates. The complete study and additional research products can be accessed here.