Vietnam Warehousing Market Overview
According to SPER Market Research, the Vietnam Warehousing Market is estimated to reach USD XX billion by 2032 with a CAGR of 11.23%.
A warehouse is just a facility for business purpose or a sizable area/godown where things are maintained and stored in large quantities. Managing the distribution of commodities and averting losses and damages that can occur if they are not stored safely or properly are its principal uses. Sorting, packing, labeling, and other tasks are made easier with the aid of a warehouse.
The Vietnamese warehousing market was estimated to generate billions in income. The market was seen to grow, demonstrating a growth. With a consistent rise in organized retail or modern shopping across the nation, Vietnam's retail market has experienced significant expansion over the past several years. Vietnam's growing middle class, sizable young population, and thriving tourism industry have drawn a wide range of foreign companies, which has increased demand for warehousing services there. With the aim of removing waste and irregularities that are impeding overall production, "Just-in-Time" and "Just-in-Case" manufacturing techniques are becoming increasingly popular throughout the world's warehousing industry, including Vietnam. The lack of enough space in the ports, IDC, and CFS is expected to result in a rise in demand for warehousing services that will drive the Vietnam warehousing industry to create billions in revenue during the forecast period. Growing cross-border trade between Vietnam, Laos, and Cambodia will help Vietnam's warehousing sector meet its needs for efficient storage.
Global demand for climate-controlled warehouses has increased in recent years. The usage of cold storage facilities aids in extending the shell life of such products because many consumables are perishable but need to be kept for longer periods of time. Also, it makes it easier for businesses and dealers to match seasonal fruit and vegetable supply and demand. Furthermore, these storage facilities are perfect for goods like flowers, medicines, and other items that need particular treatment.
Vietnam has a vibrant population, expanding economy, and expanding middle class. The Southeast Asian storage market is helping to sustain the Vietnamese market. Warehousing facilities, such as public and private warehouses, cold chains, container yards, and others, are crucial to ensuring Vietnam's progress as one of the most dynamic growing nations in the East Asia area. Additionally, rising public-private partnerships enable firms to broaden the scope of their offerings to incorporate additional logistics functions including transportation, inventory management, and customer support. The expansion of the Vietnam warehousing business is being aided by this as well as the increasing penetration of major firms.
Impact of COVID-19 on the Vietnam Warehousing Market
Wearing masks, maintaining a 6-foot separation from others, and remote learning are examples of COVID components that are (hopefully) temporary, whereas other components are part of it for good. The consequences of COVID on the warehouse will be significant and long-lasting. The COVID variances and surges that continue to appear in various parts of the world are making it difficult for the global supply chain and labour pool to keep up. Flexibility is essential for warehouses to survive in this unsteady environment. Some businesses are experiencing unprecedented demand, while demand in other industries is declining, as a result of a combination of an erratic supply chain and shifting consumer behaviour. Warehouses are making adjustments to best fulfil consumer demand while we wait for the supply chain to normalize.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Ownership, By End User
|
| Regions covered | Central Vietnam, North Vietnam, Southern Vietnam
|
| Companies Covered | Bac Ky Logistics Vietnam, Damco Vietnam, Kerry Logistics Vietnam, Nippon Express Vietnam, Noi Bai Cargo Terminal Services, Sea and Air Freight International, Sotrans Vietnam, Transimex Saigon Corporation, Vinafco, Vinalink Logistics
|
Target Audience
- Logistics and Transportation
- E-Commerce Companies
- Manufacturing Companies
- Retailers
- Government Agencies
- Real Estate Developers
- Investors
Vietnam Warehousing Market Segmentation:
1. By Type:
- Cold Storage Warehousing
- General Warehousing
- Others
2. By Ownership:
- Bonded Warehouses
- Non-Bonded Warehouses
- Others
3. By End User:
- Chemicals
- Consumer Goods
- Food and Beverage
- Healthcare
- Retail
- Textile and Footwear
- Wooden Products
- Others
4. By Region:
- Central Vietnam
- North Vietnam
- Southern Vietnam
Key Topics Covered in the Report:
- Size of Vietnam Warehousing Market (FY’2019-FY’2032)
- Overview of Vietnam Warehousing Market
- Segmentation of Vietnam Warehousing Market By Type (Cold Storage Warehousing, General Warehousing, Others)
- Segmentation of Vietnam Warehousing Market By Ownership (Bonded Warehouses, Non-Bonded Warehouses, Others)
- Segmentation of Vietnam Warehousing Market By End User (Chemicals, Consumer Goods, Food and Beverage, Healthcare, Retail, Textile and Footwear, Wooden Products, Others)
- Statistical Snap of Vietnam Warehousing Market
- Vietnam Warehousing Market Growth Analysis
- Problems and Challenges in Vietnam Warehousing Market
- Vietnam Warehousing Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Vietnam Warehousing Market
- Details on Recent Investment in Vietnam Warehousing Market
- Competitive Analysis of Vietnam Warehousing Market
- Major Players in the Vietnam Warehousing Market
- SWOT Analysis of Vietnam Warehousing Market
- Vietnam Warehousing Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst