According to SPER Market Research, the China Logistics and Warehousing Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%. The Chinese logistics market was seen to be in a boom stage at this time as a result of the nation's increasing industrial and retail sectors, rising disposable income, expanding number of investments, and rising value of exports and imports. The China Logistics Industry has had low single digit CAGR growth in terms of revenue. The sector is growing as a result of accelerated technological development, rising infrastructure expenditure, and greater logistical demand in China. The sector of freight forwarding generates the most revenue for the logistics business, followed by warehousing, courier and package services, etc.Value-added services also account for a sizable portion of China's total logistics industry.
The freight forwarding industry will continue to dominate China's logistics market. The government has launched several projects to upgrade the country's infrastructure, which will support the logistics industry's growth in the upcoming years. The country's growing retail and FMCG industries will increase demand for infrastructure for transportation and logistics as well as for warehouses and storage. Industry will move to a digital growth with the arrival of cloud logistics, drone facilities, automation, and other technology.
China Logistics and Warehousing Market Overview (2022-2032)
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
The massive infrastructure projects of the government, especially those pertaining to the transportation infrastructure, have been a major factor in the market's continued rise. The Chinese logistics market has been evolving as a result of factors like rising logistics demand brought on by factors like higher e-commerce penetration due to changing consumer spending patterns; improved transportation and warehousing infrastructure due to numerous government projects; rising investment in technologies like IoT, Big Data Open Data, AI, Automation, and more; and increasing global trade.
Impact of COVID-19 on the China Logistics and Warehousing Market
Logistics firms, which are engaged in the movement, storage, and transfer of goods, have been directly impacted by the COVID-19 outbreak. As a crucial link in value chains that extend both locally and internationally, logistics companies help businesses reach their customers and facilitate trade and commerce. Increased industrial activity, growing foreign investment, initiatives to promote exports, and the influx of international companies into China will all be positive factors for the logistics and warehousing industry. The government's extensive infrastructure initiatives, particularly those related to the transportation infrastructure, have played a significant role in the market's ongoing expansion.Chinese logistics market has been changing as a result of factors like rising logistics demand caused by factors like higher e-commerce penetration because of shifting consumer spending patterns; bettering transportation and warehousing infrastructure because of numerous government projects; rising investment in technologies like IoT, Big Data Open Data, AI, Automation, and more; and expanding international trade.
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China Logistics and Warehousing Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Mode of Service:
- Air Freight
- Rail Freight
- Road Freight
- Sea Freight
By Type of Load:
- Full Truckload
- Low Than Truckload
By Business Model:
- Cold Storage
- Grain Storage
- IFS/ICD
- Industrial Retail
By End User:
- Road Freight Forwarding Market
- Warehousing Market
By Region:
- East China
- Middle China
- North China
- Northeast China
- Northwest China
- South China
- Southwest China
China Logistics and Warehousing Market Key Players:
The China Logistics and Warehousing Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as: Aneng Logistics, Changa Minsheng APLL Logistics, China Logistics Property Holdings, COSCO SHIPPING Logistics, DCH Holdings Ltd., Deppon Logistics, Fujian Shengfeng, HOAU Logistics Co., JD Logistics, Kerry Logistics, Leaping Express Group, Maple Tree Logistics, Shandong Jiayi Logistics Co., Shanghai Zeyi Logistics, Sinotrans Hi-Tech Logistics, Tianjin Datian Group, Topone Logistics, Topwin Logistcs, Vanke (VX Logistics Properties), Yuancheng Group Co Ltd, Yuantong Express Co. (YTO).
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China Logistics and Warehousing Market Future Outlook
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