Industry Analysis & Industry Trends
Revenue for the Storage and Warehousing industry is expected to total $21.4 billion in 2014, up 8.5% from 2013. In the five years through 2014, the industry has been growing at an annualized rate of 8.2%.
Industry demand has been strong since China's entrance to the World Trade Organization (WTO) in 2001. Foreign logistics resources and industry expertise streamed into the Chinese market, which improved service quality and accessibility, and increased demand for warehousing services. The financial crisis that started in late 2008 resulted in lower output and demand from downstream industries in 2009, leading to weaker demand for services from this industry. With the recovery in the Chinese and global economies, the industry rebounded strongly in the following years.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Storage and Warehousing industry has a low concentration level, with the four largest companies – China National Materials Storage and Transportation, Shanghai Jinqiao Group Co., Ltd., P.G. Logistics, and CMA Logistics – jointly accounting for 26.0% of industry revenue in 2014.
ACMR-IBISWorld estimates that enterprises with annual revenue under $600,000 represent 80.0% of the total number, while their aggregate revenue accounts for only 15.0% of total industry revenue. About 50.0% of industry revenue in 2014 is expected to be generated by the largest 70 enterprises.
The industry concentration level will increase in the next five years, as large logistics and warehouse enterprises become more competitive in terms of services and market coverage... purchase to read more