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.
The COVID-19 epidemic has had a direct impact on logistics companies that deal with the movement, storage, and transfer of products. Logistics firms assist businesses in reaching their consumers and facilitating trade and commerce as an essential link in value chains that span both locally and globally. The logistics and storage sector will benefit from rising industrial activity, expanding foreign investment, export promotion programmes, and the entry of multinational businesses into China. 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.
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).
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment – 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 {Agriculture, Non- Agriculture (Commodities, FMCG Products, Electronic Equipments, Chemicals, Automotive Products, Pharmaceutical Products)}], {Warehousing Market(FMCG Products, Commodities, Agricultural Products, Pharmaceutical and Medical Devices, Automotive Products, Electronics, Others)}.
This report also provides the data for key regional segments of East China, Middle China, North China, Northeast China, Northwest China and Rest of the China.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.