Rising Digital Innovations: In recent years, China’s Freight Forwarding Industry is increasingly moving towards more digital, platform-based and collaborative innovation system to increase its efficiency. High penetration of mobile commerce has led to large disruption in B2B and B2C segment, with market participants being able capture a lion’s share of the market – due to high acceptance rate of Chinese Shippers as well as Carriers. Some of the popular Digital Aggregator Platforms in China are Manbang, Huolala and Kuaigou.
Improving Logistic Infrastructure: In recent years, the Chinese Government is investing heavily for improving the infrastructure for Freight Forwarding and Warehousing Industries in the country. Initiatives such as Road and Belt Initiative which include innovations like new routes and modes for global trade are the major factors promoting the Industry. Moreover, Major retailers are also upgrading their existing infrastructure & helping expand their operations with further investments. For Example, DB Schenker, one of the biggest 3PL players in China is investing heavily in Eastern China to build state-of-the-art logistics centre in the country while other players such as DHL, Sinotrans and more are following the suit.
COVID Impact on Logistics Industry: COVID-19 positively impacted the road freight industry of the country as demand for groceries and other essential goods increased by 36% during lockdown 2020 (i.e. Jan to Apr) in cities like Shanghai, Beijing, Suzhou, Wuhan and others. Moreover, owing to the above reasons, Cold Storage demand also increased in the country.
Increasing International Trade: China has witnessed a large increase in its international trade over the year which is positively impacting its logistics industry. Trade balance increased from $ 530 Bn in 2016 to $ 535 Bn in 2020 due to increasing demand from trading partners in the booming economies of Southeast Asia. Moreover, more than 50% of China’s goods exports from the country went to USA, Japan, Republic of Korea, India, Hong Kong, Germany and Netherlands.
Analysts at Ken Research in their latest publication “Chinese Logistics Market Outlook to 2025- Led by Growth in Road Freight Services, Improving Infrastructure and Rising Digital Innovations” the Chinese Logistic Market has been evolving in the country due to factors such as increasing Logistics demand owing to reasons such as higher E-commerce penetration due to changing consumer patterns and increasing consumer expenditure; improving transportation and warehousing infrastructure due to multiple government projects; rising investment in technologies such as IoT, Big Data Open Data, AI, Automation and more; growing international trade with other major economies such as Japan, Republic of Korea, India and more. The market is expected to register a positive CAGR of 7.5% in terms of revenue during the forecast period 2020-2025.
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