Market Size of Germany Pharmaceutical Warehousing Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.23 Billion |
| Market Size (2029) | USD 5.46 Billion |
| CAGR (2024 - 2029) | > 5.25 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Pharmaceutical Warehousing Market Analysis
The Germany Pharmaceutical Warehousing Market size is estimated at USD 4.23 billion in 2024, and is expected to reach USD 5.46 billion by 2029, growing at a CAGR of greater than 5.25% during the forecast period (2024-2029).
The German market for warehousing and logistics space recorded a total take-up result of around 8.5 million sq m in 2022. Most demand for space came from distribution/logistics companies, with 34%, followed by retailers with 29%.
The main logistics regions in Germany are Hamburg, Berlin, Hannover, Münster, Bremen, Leipzig, Kassel, Düsseldorf, Frankfurt, Nuremberg, Mannheim, Karlsruhe, Stuttgart, and Munich.
Besides the shortage of space, increased construction costs were a major factor behind the rise in prime rents for warehousing space larger than 5,000 sq m in all Big 5 regions over the last twelve months.
Although the second half of 2022 was weaker than the first in terms of take-up, 2022 as a whole was very successful for the Berlin market. Around 1,119,300 sq m of warehousing and logistics space was taken up in lettings and owner-occupier deals, up 82% on the previous year (615,900 sq m).
The industry ranking in 2022 as a whole was led by manufacturing with 43%. Retailers and E-commerce companies followed in second place with 28%. It is due to the conclusion of a number of deals, including lettings by Sonepar of around 41,300 sq m and Lidl of around 39,000 sq m in Werder, and the deal struck by Picnic in Ludwigsfelde (approx. 32,000 sq m). The largest deals in the distribution/logistics sector were concluded by Schnellecke Logistics in Rangsdorf, with around 32,700 sq m, and VAH Jager in Oberkrämer, with around 30,000 sq m.
