The Chinese Logistics Market was found to be in a growth stage from 2015 to 2020 as a result of the country’s developing manufacturing and retail sectors, rising disposable income, an increasing number of investments, and the rising value of exports and imports. Based on revenue, the China Logistics Industry has expanded at a CAGR of 5.4%. Due to increased digital advances, expanding infrastructure spending, and rising logistical demand in China, the market is thriving. The logistics industry’s biggest revenue generator is the freight forwarding sector, which is followed by courier and package services, and warehousing. Additionally making up a large share of China’s overall logistics business are value-added services.
According to the research report, “China Logistics and Warehousing Market Outlook to 2025-Led by Growth in Road Freight Services, Improving Infrastructure and Rising Digital Innovations” states that the industry’s growth will probably be fueled by the rapid rise of e-commerce and the rapid growth of logistics demand. Due to variables including government restrictions, excellent road, rail, and transportation infrastructure, a vast network of warehousing and storage facilities, and a strong IT infrastructure, China is progressively emerging as one of the world’s strongest players in logistics and transportation.
The FMCG and commodities (such as steel, cement, etc.) industries in China are the biggest end consumers of warehousing services and generate the most revenue. Agriculture, electronics, automotive, the pharmaceutical industry, and other sectors come next. Due to the additional safety precautions required, pharmaceutical businesses typically prefer their own warehouses.
By Business Model
Both in terms of market size and revenue share, industrial and retail warehouses predominate in China. This is primarily caused by the rise in industrial park demand as well as significant expenditures made in the logistics space by real estate developers. ICDs/CFS are then heard close to the ports after that.
Freight Forwarding Market
By Mode of Service
Road freight dominates the China freight forwarding market in terms of both revenue and volume. Bulk and non-bulk commodities are mostly transported domestically by road and rail freight.
By Type of Load:
The majority of volume transported by road is done on an FTL basis, with average prices charged in cases where LTL is used being greater than FTL basis.
By End Users:
The non-agricultural products segment dominates the Chinese freight forwarding market, with the highest revenue shares going to the commodities and FMCG product categories.
China’s transportation and warehousing business is very fragmented, with a significant number of domestic and foreign competitors. Along with trucking and warehousing, businesses are concentrating on offering value-added services.
Sinotrans, Toll Group, DB Schenker, DHL, SF Express, Deppon Logistics, JD Logistics, CN Logistics, and Yusen Logistics are only a few of the major transportation companies in China. GLP, Vanke, CNLP, Maple Tree, Prologis, Li & Fung, and other well-known warehouse firms are only a few examples. Pricing, location, fleet size, warehousing space, clientele, service portfolio, technology, and other factors are among the criteria on which the businesses compete.
The China Logistics sector is predicted to grow at a 7.5% CAGR between 2020 and 2025. The logistics sector in China will continue to be dominated by the freight forwarding market. The government has started a number of initiatives to improve the nation’s infrastructure, which will help the logistics business thrive in the next years. The country’s expanding retail and FMCG sectors will drive up demand for warehouses, storage, transportation, and logistics facilities. With the introduction of cloud logistics, drone facilities, automation, and other technologies, the industry will transition to digital growth.
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Key Segments Covered:-
By Mode of Service- Freight Forwarding Market (Revenue and Volume)
By Type of Load- Road Freight Forwarding Market (Revenue)
By Type of End Users – Road Freight Forwarding Market (Revenue)
By Business Model-Warehousing Market (Revenues)
By End User-Warehousing Market (Revenues)
Pharmaceutical and Medical Devices
(Freight Forwarding Companies)
Yuancheng Group Co Ltd
Leaping Express Group
Shandong Jiayi Logistics Co
Shanghai Zeyi Logistics
Sinotrans Hi-Tech Logistics
Tianjin Datian Group
HOAU Logistics Co.
Yuantong Express Co. (YTO)
Shenghui Logistics Group Co.
Guangzhou Xinzhihong Logistics
Dazhong Transportation Group
Toll Global Logistics
Shandong Taian Transportation Group
Guangzhou City Star Transportation
Tianjin Lion Bridge
Beijing Xianglong Logistics Group
Zhejiang Xinbang Logistics Co
Shanghai Jiao Yun Co.
Yusen Logistics China
Vanke (VX Logistics Properties)
China Logistics Property Holdings
Maple Tree Logistics
Li & Fung
COSCO SHIPPING Logistics
DCH Holdings Ltd.
Changa Minsheng APLL Logistics
Master Kong (Tingyi Holding Corp.)
China Resource Beer
Want Want China Holdings Ltd
Johnson and Johnson
Beijing Sanyuan Foods Company Limited
Key Target Audience:-
Industry Associations and Consulting Companies
Third Party Logistic Providers
Potential Market Entrants
Freight Forwarding and Warehousing Companies
Time Period Captured in the Report:-
Historical Period: 2015-2020
Forecast Period: 2020-2025
For More Information On the research report, refer to below link:-
Turkey Logistics And Warehousing Market Outlook To 2025 – By Domestic And International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight And Pipelines, Sea, Air And Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic And Cross Border E-Commerce Logistics
Ankur Gupta, Head Marketing & Communications